Countrywide Home Loans in South Carolina
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South Carolina Quick Facts
South Carolina - A Great Vacation Destination
South Carolina was originally part of a British land grant called Carolus in honor of King Charles. The name was later changed to Carolina and in 1710 it was split into the two colonies of North and South Carolina. South Carolina was one of the original 13 colonies that declared independence from British rule. Some 200 Revolutionary War battles were fought in the state.
South Carolina became the 8th state to join the union. Later in its history, it was the first state to secede from the Union in 1860. In 1861, at Fort Sumter in Charleston Harbor, the first shots were fired in the Civil War.
Today, agriculture is still a part of the state's economy with the main products of tobacco and poultry. Other industries include textiles, chemical products, paper and machinery.
Of course, tourism is a major economic force. About 30 million visitors spend about $9.1 billion in South Carolina each year. Tourism accounts for 10 percent of employment. And it's easy to see why. South Carolina is famous for its beaches and resort areas, such as Myrtle Beach, Hilton Head and Fripp Island. History buffs can explore the state's storied past.
Mortgage Refinancing and Equity Loans in South Carolina
As a South Carolina homeowner are you researching mortgage refinance and home equity loans? The top reasons homeowners consider a new home loan are to:
• Lower your monthly payment1
• Lower your interest rate
• Consolidate high-interest rate debt with a cash-out refinance loan2
• Make home improvements or repairs
It's important to be clear on why you want to refinance as it may help you select your new mortgage loan.
Countrywide Loan Options in South Carolina
Countrywide has loan options for South Carolina homeowners. Our loan experts have helped homeowners like you find the best loan for their goals. Plus, we know your community. You can get started today with our interactive tools. Or call a Countrywide loan expert today at 1-800-224-4207.
Cities of South Carolina by Population
1. Refinancing or taking out a home equity loan or line of credit may increase the total number of monthly payments and/or the total amount paid when compared to your current situation.
2. The relative benefits of a consolidation loan may vary over time and will depend on individual circumstances. The longer the property and loan at a new lower rate and term is kept, the more interest savings can be realized when compared to your current situation. The repayment period of a mortgage loan can generally be shortened when additional funds above scheduled monthly mortgage payments are consistently paid and applied to reduce the loan balance.
Information gathered from: 50states.com, discoverSouthCarolina.com (the visitor's bureau), South Carolina Dept of Parks, Recreation and Tourism, South Carolina's Web site.

