Credit Scores & Housing Crisis

Enjoy the Splendor of Nature's Sights

There is one thing about having a LONG boat ride home and that is the awesome sights you may get to see @ sunset & dusk. Last night on our ride home from Portman Marina on Lake Hartwell to the Tugaloo River just underneath the 85 bridge we saw such sights. There had been a ferocious afternoon storm (as we've had many afternoons lately)and afterwards the air was clean, clear & cool. The summer haze had lifted and we were able to see the mountains as we looked north up the seneca river. As the sun went down the sky looked as if it had burst into flame. What a beautiful sight to behold....I thanked God for the perfect end to yet another glorious day on Lake Hartwell and on earth.

Drowning on Lake Hartwell

I was so sorry to wake up this morning to hear that there was yet another drowning on Lake Hartwell....A boy/ man from Toccoa, Ga. These drownings are so preventable! People need to respect the water and stop feeling so bullet proof! I am so very sad for this family!

Sellers paying closing costs

Seller paid closing costs...?


I get this question a lot..."How much can the seller pay towards the buyer's closing costs?"

Don't assume 3% of the purchase price is the rule. There are basically 4 mortgages now for residential home purchases and each has its own rule. The maximum amount that a seller may pay towards the buyer's closing costs, pre-paid items and reserves is as follows:
1. Fannie Mae/Freddie Mac (Conventional):
> 90% financing = 3% of the sales price.
>75% & < 90% financing CLTV = 6% of the sales price.
<75% CLTV = 9% of the sales price.
2. FHA = 6% of the sales price.
3. VA = 4% of the sales price.
4. USDA Rural Housing = 6% of the sales price.

I hope this information is beneficial to you. Call or email me anytime.

Andrew Evans: Hanover Mortgage
Cell: (864) 313-0602
Email: aevans@hanovermtg.com

TWO NEW RESTAURANTS: LAKE HARTWELL!

Two BIG Announcements!!!! 1) The Pavillion Grill @ Portman Marina is open on Sat./ Sun. til 4pm serving Hot Dogs, Hamburgers, Grilled Chicken. 2) Tiger Cove Grill (formerly Drop Anchor) is open again......YIPPEE!!!!!!
Check out these sites:

http://tigercovecampground.com

http://portmanmarina.com

Anderson, SC

Storms, Boating, Preparedness Lake Hartwell

WOW!!!! We sure had some storms in our area late yesterday! We were on the lake during the whole thing and lightening was all around us in the distance. We even thought we saw a TORNADO! We arrived home safely just before dark without one drop of rain falling on us :-/

We were very lucky and it just doesn't pay to take chances. Make sure you either have a weather radio or an "app" on your cell phone to keep up with the weather radar patterns. This way you'll know where the storm is and where its headed! Also, Make sure you have a light weight jacket with you on your boat at all times. I sure was chilly on the FAST ride home!

Lake Hartwell Buyer Agent Services

I wanted to let everyone know that I work strictly as a Buyer's Agent and I am an Accredited Buyer Representative and would be able to provide you with much needed advice and representation when purchasing Lake Front Real Estate. There are a lot of things specific only to Lake Property that only experts, like myself, can help you with. There is no additional cost to you to have me represent you as a Buyer's Agent. I am also licensed in Georgia and South Carolina. I am very patient and knowledgeable about this area as well as Lake Hartwell, Lake Keowee, Anderson, Seneca, Clemson, Greenville & Easley. I would love to help you any way I can.

   I've been Boating the Upstate Lakes since childhood and know my way around very well. Please don't hesitate to call me with any questions or to set up a time for me to show you any properties. I look forward to hearing from you and helping you with your search. This is a great time to purchase a home for many reasons: Large inventory, Motivated Sellers & Low interest rates to name a few. With that being said, the banks are very strict with their lending right now. As a first step in the buying process I recommend that everyone get pre-qualified. It helps a great deal to have a pre-qualification letter when presenting an offer and in many cases, it’s required these days (especially when purchasing bank owned & short sale properties). GIVE US A CALL & we'll be happy to refer you to some great lenders/ bankers.  By the way, there are some fantastic SHORT SALE & BANK OWNED PROPERTIES currently available. Let me know when you might have the time to come look at some of them. CALL TODAY: ASK FOR GARY SMITH, ABR- BUYER SPECIALIST 866.BIG.VIEW (866.244.8439)