• Water from Lake Murray to be Released into the Lower Saluda River

    On April 13-14, 17-19, and 27-28, 2019 the Columbia Fire Department will be conducting swift water rescue training. To support this training, Dominion Energy will release water from Lake Murray into the lower Saluda River to provide flows needed for the department. SAFETY FIRST: Water from Lake Murray will be released on each of the ...

home Lake Info, Real Estate, Top News What You Need to Know About Lake Home Financing

What You Need to Know About Lake Home Financing

Real estate is an investment and a lake home, whether it’s your primary residence or vacation home, is no different. Here are some things to keep in mind when financing a lake home:

  1. Down Payment: the more you put down, the more equity you start out with in your home.  A large down payment also helps to lower your mortgage rates.  Expect to pay a large down payment if your lake home is your second home.
  2. Rent Your Property: Rent your property a few months out of the year and use the rental income towards your principal balance.
  3. Home Improvements: The right home improvements can build equity in your home. Believe it or not the small improvements are the ones that bring a greater return on investment.

Read the full article and see sample financial charts here: Read More