Mindblown: a blog about philosophy.

A plan to redefine the boundary between Florence and Darlington counties is currently paused as lawmakers pursue legislation to keep residents in their current counties. A public meeting discussed discrepancies found by the South Carolina Geodetic Survey, which could affect around 80 residences. Legislators aim to introduce a bill to prevent changes in county affiliation,…

Mortgage rates are expected to average 6.3% in 2025, slightly down from 6.7% in 2024, while home prices are projected to rise by 3.7%. Sales of previously owned homes may increase to 4.07 million, but remain below historical averages. The supply of homes for sale is anticipated to improve by 11.7%, and new-home construction will…

A home equity line of credit (HELOC) is a second mortgage allowing homeowners to borrow against their home equity, typically up to 85% of the home's value minus the mortgage balance. It features a draw period of 10 years for borrowing and a repayment period of 20 years for principal and interest payments. HELOCs usually…

High prices and elevated mortgage rates have made it difficult for potential homebuyers in South Carolina. However, there is positive news as home-price and income limits for state housing initiatives have increased. These include downpayment assistance that may not need to be repaid, lower interest rates, and an annual federal tax credit available for the…

Greenville County's affordable housing policy, in place for nearly two years, aims to incentivize developers through tax breaks for creating affordable units. However, some leaders believe it needs revision to prevent misuse by developers already receiving other funding. Proposed changes include splitting the policy into two: one for workforce housing and another for lower-income housing,…

Buying a house can be a financial milestone, but the down payment can be a barrier. Government-backed loans like VA and USDA loans require no down payment. Down payment assistance programs from state and local agencies offer grants and loans. Alternative options include seller financing, lease-to-own agreements, and co-borrowing. Strengthening credit, managing finances, and getting…

Families in Greenville County facing financial difficulties are gaining more housing options. Continue to full article