Picture of Victoria Cottle

Victoria Cottle

The Who What When Where and Why of Refinancing

Ever look up the word “refinance”? Chances are, at some point in your life, you probably did. You may have just looked it out out of sheer curiosity. Or, maybe you just need to make those payments lower. Refinance sounds like a scary word, but it doesn’t have to be.

If you search online for this word – there are probably a billion websites that can take you in all different directions. One of the best things you can do is check out your options with a mortgage broker or bank. If you aren’t really sure which direction to head in, a real estate agent can help to point you ?

So what is refinancing? Refinancing means that you want to replace your current mortgage rate with a new one – normally one with lower interest rate. It can also allow you to save money on the interest over the life of your loan, pay off your mortgage sooner and even draw from your home’s equity if you need cash for any reason.

You may have a different lender from before, and you’ll have a new interest rate and terms. One drawback though is if you’ve been making payments for a long time. If you have a 30-year mortgage, and have been making payments for 25 years – you’re going to start over again. Which means you will have 30 years worth of payments all over again.

Of course, just like anything in life, there are good reasons and bad reasons to refinance. If you need to discuss your options, remember that I am always here for you!

Thinking of buying a home in Greenville or our surrounding areas? I’d love to chat with you! We’ll find your dream home – together! Sellers – don’t forget to contact me in regards to selling your home too! My email is, and my direct phone is (864) 275-3953.

A Tidbit About Greenville’s Real Estate

Greenville is a city in South Carolina and consists of 22 neighborhoods. There are 1,185 homes for sale, ranging from $5K to $14.5M. Greenville has affordable multi-families.

In June 2021, the median list price of homes in Greenville, SC was $279K, trending up 7.3% year-over-year. The median listing price per square foot was $135. The median sale price was $292.8K.

Greenville, SC is a seller’s market in June 2021, which means that there are more people looking to buy than there are homes available.

On average, homes in Greenville, SC sell after 47 days on the market. The trend for median days on market in Greenville, SC has gone down since last month, and slightly down since last year.

There are 1,185 homes for sale in Greenville, SC, 117 of which were newly listed within the last week. Additionally, there are 227 rentals, with a range of $525 to $3.5K per month. Discover more Greenville listings for open houses, price reduced, foreclosures, recently sold, new home communities, and new home construction.

Local Greenville SC News

Head to the Mauldin Outdoor Amphitheate tonight from 7-10 pm for some live music by Jump Street, delicious food from local food trucks, beer and wine from Growler Haus and just simply and most important of all – a good time! It’s a great way to end your stressful week!

About Victoria

 People are on the move and I am ready to help you buy or sell in the Greenville area. Please contact Victoria Cottle by email or call (864) 275-3953 for your real estate needs in the Upstate of South Carolina! You can also always follow me on Facebook!

Victoria Cottle is a Realtor® in the Greenville South Carolina area and if you, a friend, or a family member need assistance with selling or buying a home I can help. Referrals and people needing relocation assistance are welcome! Search Single Family homes in Greenville. Search Condos and Townhomes in Greenville.

Share this post


Copyright © 2010
The Victoria Cottle Group
Keller Williams Greenville Upstate
(864) 275-3953