Few purchases give you a sense of pride and accomplishment like buying a new home. From white picket fences and lush green grass to cookouts with neighbors and holidays with the family, owning a home is magical. Like most great things, though, enduring the home-buying process takes a lot of work. There are many steps to take and difficult decisions to make along the way. One of the most crucial decisions is what type of home loan and mortgage broker to choose. Whether it's your first time buying a home or you're a seasoned owner with multiple properties, you will need a trusted mortgage broker in Folly Beach, SC, with your best interests at heart.
If you're like most people, you need a mortgage professional whose top priority is their customers - an expert who can provide accurate advice and guidance so you can make educated decisions. That's where Mission One Mortgage comes into the picture.
Whether you want the best interest rates or don't know where to start in the home-buying process, Mission One Mortgage can set you up in the right direction. From getting you pre-qualified to buy a home to securing a veteran's loan, Mission One Mortgage is the trusted solution you need. As Folly Beach natives, we're proud to serve the Lowcountry and all of South Carolina with trusted mortgage brokerage services.
Unlike some mortgage companies in Folly Beach, SC, we bring years of high-level experience and insight to the table. Having worked with hundreds of clients during our time in business, we know you're probably going through a range of emotions right now. Buying a new home can be a scary process, especially for first-time buyers. That's why we make every effort to make ourselves accessible and available for clients. Our primary goal is to help you make the right mortgage for your family and your budget.
We know that many home loan officers have horrible reputations. Some brokers only see their clients as transactions, and a means to make quick money. They come off as impatient and pushy, failing to understand that this is a very big decision for you. At Mission One Mortgage, we take the opposite approach. We encourage our clients to take as much time as needed to ask us questions and review mortgage documents. We could say that our mission is to exceed your expectations, but we'd rather just show you. From assistance finding FHA, VA, or other loans to refinancing your current mortgage, Mission One is the team you can trust.
Here are just a few reasons why home buyers choose Mission One Mortgage:
Most people simply don't have access to the hundreds of thousands of dollars needed to purchase a home with cash. Instead, they take out a mortgage loan to buy a home. Unfortunately, many homebuyers are anxious to get the ball rolling and, due to their excitement, fail to shop around for the best mortgage rates. To some degree, avoiding this step makes sense, as it requires a lot of legwork and research to get the job done. For those not wanting to spend hours researching a reasonable mortgage, there's an alternative to consider - working with a mortgage broker.
To understand the benefits of working with a mortgage broker, you must first understand their role in the home-buying process.
Your mortgage broker is a third party that works to connect you with mortgage lenders. Essentially, a mortgage broker works as an intermediary between a person who wants to buy a home and the entities offering loans to buy a home. The mortgage broker works with both the borrower and lender to get the borrower approved. They also verify and collect paperwork from the borrower that the lender needs to finish a home purchase. Typically, mortgage brokers have relationships with several home loan lenders. Mission One Mortgage, for example, has access to 50 different lenders, which gives us a wide range of home loans in Folly Beach, SC, from which to choose.
In addition to finding a home loan lender, your mortgage broker will help you settle on the best loan options and interest rates for your budget. Ideally, your mortgage broker will take a great deal of stress and legwork off your plate while also potentially saving you money.
If you're ready to buy a home, getting pre-qualified is a great choice that will streamline the entire process. Your mortgage broker makes getting pre-approved easy by obtaining all the documents needed to get you pre-qualified. In taking a look at your application, they will determine if you're ready for the pre-approval process. If your application needs additional items, the mortgage company will help point you in the right direction to ensure your application is as strong as it can be. Your mortgage broker will also walk you through the different types of loans, from Conventional and FHA to VA and USDA.
In order to be pre-approved for a home in South Carolina, you must have the following:
Most people choose to use a mortgage broker because they have access to different lenders and interest rates. But a great mortgage broker brings more to the table than a choice of lenders.
Save You from Unneeded Stress:One of the biggest advantages of hiring a mortgage broker is that they can find and vet loans while managing the mortgage process on your behalf. The best mortgage companies, like Mission One Mortgage, hire brokers who are experts at keeping underwriting on track, coordinating with relevant parties, and handling all paperwork involved. At the end of the day, mortgage brokers save you stress and time and often expedite the closing process.
More Access: We touched on this earlier, but it bears repeating: A mortgage broker provides access to a range of loans, rates, and lenders. In fact, many mortgage brokers can get rates lower than what the average person could get from a lender.
Save You Money: There's a chance that your mortgage broker can get your mortgage fees reduced or waived by the lender, which could save you a good deal of money.
Help with Unfavorable Financial Situations: Expert mortgage brokers can often assist in challenging financial situations, like when a buyer has inconsistent income or less-than-perfect credit. Experienced brokers, like those at Mission One Mortgage, are often aware of lenders willing to will work with nontraditional borrowers.
Provide Key Insights: Mortgage brokers share important insights, such as your chances for a home loan approval and exactly how much house you can afford. They can also save you from making costly mistakes based on their years of expertise in the mortgage industry.
While settling on the best type of home loan isn't as exciting as searching for the home of your dreams, it's equally important. Yes, your Mission One Mortgage loan officer in Folly Beach, SC, will be happy to help explain the differences between home loans. But understanding the basics ahead of time will save you stress and time in the long run.
Conventional loans can be used to purchase a new home or refinance your current one. Conventional loans include fixed-rate mortgages and adjustable-rate mortgages. Generally, borrowers must put down a 3% down payment for owner-occupants, 10% for a vacation property, and 20% for an investment home. If you are able to pay 20% of the total cost of the home, you can avoid private mortgage insurance, which is otherwise required. Conventional mortgages are often preferred by buyers with good credit or people needing a non-owner-occupied mortgage.
FHA mortgages are issued by the U.S. government and backed by the Department of Housing & Urban Development (HUD). This loan is often preferred by first-time homebuyers because it only requires a 3.5% down payment and offers more flexibility with credit requirements and underwriting standards. FHA loans have several requirements you must meet to qualify. Contact Mission One Mortgage today to learn more about FHA loans and whether or not they're best for your financial situation.
Also backed by the government, these loans are insured by the U.S. Department of Agriculture and don't require money down. These loans have lower insurance requirements when compared to FHA loans, offer 100% financing if you qualify, and allow for closing costs to be covered by the seller. In order to qualify for a USDA loan, you must live in a rural area, and your household income must meet certain standards. These loans are often preferred by low-income citizens who live in rural parts of South Carolina.
Also known as VA or Veteran's Affairs loans, these mortgages are reserved for the brave men and women who served in the military. VA loans help provide our military members, veterans, and their families with favorable loan terms and an easy home ownership experience. Often, those who qualify are not required to make a down payment on their home. Additionally, these loans often include less expensive closing costs.
If you are a veteran or the family member of a veteran, contact Mission One Mortgage today to speak with our Vetted VA Professional, Debbie Haberny. Debbie helps our military members, veterans, and their family members obtain home loans utilizing veteran benefits and would be happy to help as you search for a home.
Do you have questions about the complexities of mortgages and home loans? As your advocate, Mission One Mortgage is here to answer any questions you have about mortgages and the home-buying process. We encourage you to call our office to speak directly with one of our mortgage experts or continue reading below for answers to some frequently asked questions.
Q. I was talking to my spouse about mortgage brokers, and they mentioned the phrase home loan originator. What's the difference between a broker and a loan originator?
A. The mortgage industry is full of confusing jobs and titles, making it easy to confuse roles and responsibilities. Such is the case with mortgage brokers and home loan originators. Though their roles share similarities, a home loan originator in Folly Beach, SC, works for a bank or credit union, while a mortgage broker works for a brokerage company. Home loan originators and mortgage brokers are both licensed by the Nationwide Multistate Licensing System (NMLS).
Q. I've heard from everyone that you must have mortgage insurance to buy a home. What is mortgage insurance?
A. Essentially, mortgage insurance helps protect lenders if a borrower forecloses on the home they bought. One advantage of mortgage insurance is that when borrowers pay it, lenders can often grant loans to buyers when they might not have otherwise. Though not always required to buy a home, mortgage insurance is often needed for down payments of less than 20%.
Q. I have just been pre-approved to buy a beautiful home in South Carolina. Is there anything I shouldn't do now that I'm pre-qualified?
A. Mortgage companies like Mission One Mortgage, make getting pre-qualified for a home easy. However, as your loan process continues, your lender is required to run a new credit report before closing on a home. For that reason, it's to avoid any activity that might affect your credit score, such as:
Q. My brother-in-law recently refinanced his home in South Carolina. What is refinancing, and should I consider refinancing my home too?
A. Refinancing your home basically means you're swapping your current mortgage for a new one, most often with a lower interest rate. If you would like to reduce the term of your loan, lower your monthly mortgage payments, or consolidate debt, refinancing may be a smart option. Many homeowners also choose to refinance if they want to switch from adjustable-rate mortgages to fixed-rate mortgages or to get cash back for home renovations. To learn whether refinancing is a viable option for your situation, contact Mission One Mortgage ASAP, as loan rates change frequently.
Here at Mission One Mortgage, we believe that the best communities begin with the dream of home ownership. Our mission is to make those dreams come true, with personalized service, expert guidance, and good old-fashioned hard work. As one of the most trusted mortgage companies in Folly Beach, SC, we have years of experience working with a diverse range of clients, from first-time buyers and investors to self-employed borrowers and non-native English speakers.
Though every mortgage situation is different, one thing never changes: our commitment to clients. Contact our office today to get started on an exceptional home-buying experience.
What was meant to be a dazzling alternative to fireworks ended in chaos as drones from South Carolina’s Folly Beach New Year’s Eve show plummeted to the ground, injuring one spectator. The mishap, reminiscent of a recent drone show debacle in Florida, has sparked an investigation into what went wrong.The Folly Association of Business (FAB), which organized the event, had aimed to offer an environmentally friendl...
What was meant to be a dazzling alternative to fireworks ended in chaos as drones from South Carolina’s Folly Beach New Year’s Eve show plummeted to the ground, injuring one spectator. The mishap, reminiscent of a recent drone show debacle in Florida, has sparked an investigation into what went wrong.
The Folly Association of Business (FAB), which organized the event, had aimed to offer an environmentally friendly celebration with a high-tech twist. The drone show kicked off at 7 p.m. on Tuesday night with about 250 drones, but within three minutes, it spiraled into disaster.
Spectators shouted warnings as drones began falling. According to Sgt. Zack Halpern of the Folly Beach Department of Public Safety, the falling drones caused a scene of confusion and concern before the remaining drones initiated a controlled descent. One man sustained facial injuries during the incident. He was treated on-site and released, according to FAB’s statement.
FAB confirmed they are collaborating with Lightyear Drones, the drone show operator, and local authorities to determine the cause of the failure. “New Year’s Eve is a time to celebrate, and for reasons beyond our control, we were not able to deliver the spectacular drone show we had planned for the community. At this time, we do not have details on what went wrong with the display,” FAB stated.
Lightyear Drones has expressed regret over the incident, emphasizing their commitment to audience safety. “The wellbeing of our audience is our utmost priority, and we regret any distress or inconvenience caused,” the company said.
The Federal Aviation Administration (FAA) has been notified and is expected to contribute to the investigation of the drone show fail.
Stuart White, a certified FAA drone operator who attended the event, suggested to local media that high winds from an incoming cold front might have been the root cause. “These systems are not necessarily designed to work well in the wind, that’s in my opinion where the failure happened and honestly, I think it should’ve been canceled before they attempted to do it at all, but there’s immense pressure on the people who are providing that service to make it happen,” he explained.
White estimated hearing at least 15 drones collide mid-air before falling.
More: DJI’s top 2024 gadgets: Drones, cameras, and power solutions
FOLLY BEACH, S.C. (WCSC) - Hundreds of people gathered on Folly Beach to celebrate the fourth night of Hanukkah.Many said what it meant for the people of the Jewish faith to gather in the Lowcountry while celebrating with others with different cultures and backgrounds.“By setting up the menorah, lighting singing songs, and saying our prayers little bit about how we celebrate Hanukkah,” attendee Shosanna Richek said.Rabbi Joseph Rosen led those who attended the lighting of the menorah in song and readings of S...
FOLLY BEACH, S.C. (WCSC) - Hundreds of people gathered on Folly Beach to celebrate the fourth night of Hanukkah.
Many said what it meant for the people of the Jewish faith to gather in the Lowcountry while celebrating with others with different cultures and backgrounds.
“By setting up the menorah, lighting singing songs, and saying our prayers little bit about how we celebrate Hanukkah,” attendee Shosanna Richek said.
Rabbi Joseph Rosen led those who attended the lighting of the menorah in song and readings of Scripture to celebrate this holiday season.
“Knowing how faith conscious the Lowcountry is, there’s a lot of curiosity and a time when we’re feeling lots of intense some divisions, whatever they may be, having these opportunities to bring people together through spiritual education and share and enjoy is oh so important,” Rosen said.
Both Rosen and Richek believe this celebration is a chance for everyone to join hand and hand.
Richek, a reformed Jew, says everyone is welcome in their temple.
“Just as I attend with my fiancé, his church and I learn more about the Bible. I think it’s important to learn about the different cultures we have,” Richek said.
Rosen said his favorite part of the holiday season is the food.
After the lighting of the menorah, everyone indulged in traditional Jewish fried desserts, representing the oil lasting eight days in Jerusalem.
“Each holiday has its own special treats, and so to designate this time that are treats have waited meeting as well. Just adds a little extra spirit,” he said.
In addition to their delicious treats, they also danced and sang to soak in the holiday spirit.
Being this is the third year of the celebration on Folly Beach, and Rosen’s first time experiencing it, he said he understands the weight behind this unity.
“It’s important Having these experiences is really important to bring people together and build resilience so that when the tough times, we find ways to lean on feather, and learn from each other, rather than fall back to suspicion in fear.”
Rosen said he hopes all people feel welcomed with open arms in their temples.
Copyright 2024 WCSC. All rights reserved.
Published: Dec. 27, 2024 at 2:08 AM PST|FOLLY BEACH, S.C. (WCSC/AP) - A celebration scheduled for Saturday night on Folly Beach will gather people in a celebration of the Festival of Lights.On eight consecutive nightfalls, Jewish people gather with family and friends to light one additional candle in the menorah, a multibranched candelabra.In Hebrew, Hanukkah means “dedication,” and the holiday marks the rededication of the Temple in Jerusalem in the 2nd century BC, after a small group of Jewish fighters libe...
Published: Dec. 27, 2024 at 2:08 AM PST|
FOLLY BEACH, S.C. (WCSC/AP) - A celebration scheduled for Saturday night on Folly Beach will gather people in a celebration of the Festival of Lights.
On eight consecutive nightfalls, Jewish people gather with family and friends to light one additional candle in the menorah, a multibranched candelabra.
In Hebrew, Hanukkah means “dedication,” and the holiday marks the rededication of the Temple in Jerusalem in the 2nd century BC, after a small group of Jewish fighters liberated it from occupying foreign forces.
With the tiny supply of ritually pure oil they found in the temple, which they expected to last only a day, they lit the menorah and it stayed lit for eight days. The ritual of lighting a nightly candle, as well as the emphasis on cooking foods in oil such as potato pancakes called latkes, memorialize this miraculously long-lasting oil.
Residents and guests of Folly Beach are celebrating Hanukkah for the third year in a row with prayers from a Rabbi at Folly River Park. Visitors will see the lighting of the Menorah and participate in songs with multilingual song sheets. Organizers say the most important aspect of the event is incorporating everyone into the festivities.
Folly Beach resident and event founder Nadine Vogel says she started the holiday event two years ago. Vogel says many Christmas events were happening in the area for the holiday season but no mentions of the Jewish holiday.
She says the help of the city mayor, residents and local businesses helped bring the Festival of Lights to Folly Beach with donations and contributions. The event gets larger each year as visitors outside of the area also attend.
“Although we did it for the Folly residents,” Vogel says. “We have found that year after year we have people coming from West Ashley, from John’s Island or from Mount Pleasant. Year one we had 75 people here, last year we counted over 80.”
The celebration continues in the Folly Beach Community Center with music, traditional holiday food and games like playing the dreidel, a four-sided spinning top. Vogel says everyone from all religious backgrounds are welcome to celebrate. She says she hears positive feedback from the community as the event is an opportunity to learn about other cultures and religions.
“All the way to, ‘I’m so glad my children learned how to play dreidel, they have friends who are Jewish and they felt left out, they didn’t know how to play,’ or ‘This is so much like our religion,’” Vogel says. “You know, I think we live in a time that we need more understanding about each other’s practices and just each other as people and I think that’s what this does.”
Guests are receiving gifts for the first time in this event. A lottery drawing will take place to receive a prize for all ages that was donated by the community. Vogel hopes each family will leave with a present for the holiday.
The event begins at 5 p.m. in Folly River Park, located on Center Street.
Hanukkah began this year at sundown on Christmas Day for the first time since 2005. It continues through New Year’s Day.
EDITOR’S NOTE: An earlier version of this story incorrectly stated the event was scheduled to take place Friday night. It begins Saturday at 5 p.m. We regret the error.
Copyright 2024 WCSC. The Associated Press contributed to this story. All rights reserved.
CHARLESTON, S.C. (WCBD) — It’s a New Year’s tradition unlike any other.Thousands of people across the country are preparing to usher in the new year with a quick (and we mean quick) dip into icy waters — including here along the South Carolina coast.One of the first polar bear plunges dates back to the early 1900s when the L Street Brownies in Boston took the plunge into the icy cold Dorchester Bay in 1904. The club has been celebrating the new year with a plunge ever since, according to ...
CHARLESTON, S.C. (WCBD) — It’s a New Year’s tradition unlike any other.
Thousands of people across the country are preparing to usher in the new year with a quick (and we mean quick) dip into icy waters — including here along the South Carolina coast.
One of the first polar bear plunges dates back to the early 1900s when the L Street Brownies in Boston took the plunge into the icy cold Dorchester Bay in 1904. The club has been celebrating the new year with a plunge ever since, according to NationalToday.com.
While many take the dip for fun, some plunge into freezing waters to raise money for charity. It’s also believed the dips boost the immune system, activate endorphins, and reduce stress.
Ocean temperatures in Charleston Harbor are currently in the low to mid-50s. Partly cloudy skies are expected on Jan. 1 with temperatures in the mid-60s.
Whether you plan to join in the festivities yourself or just want to support those brave swimmers, dive into 2025 with these polar plunges around the Charleston area:
Dunleavy’s Pub has organized a polar plunge in support of the Special Olympics of South Carolina each year for the past three decades. The organization provides year-round sports training and athletic competition in myriad Olympic-type sports for children and adults with intellectual disabilities.
Participants will gather on the beach around 1:30 p.m. on New Year’s Day with the plunge to happen at 2 p.m.
The pub, located at 2213 Middle Street on Sullivan’s Island, will open at 9 a.m. for plungers to enjoy refreshments before the main event.
Splash into the new year dressed as one of Charleston resident Bill Murray’s iconic characters at the 11th annual Bill Murray Look-a-Like Polar Plunge on Folly Beach.
The plunge will take place beachside at the Tides Hotel (1 Center Street) at noon following an 11 a.m. costume contest. Prizes for Best Overall Bill Murray, Best Girl, Best Guy, and Best Team/Family Costume will be awarded.
The Kiawah Island Golf Resort will hold its annual polar plunge in front of the Sanctuary Hotel (1 Sanctuary Drive) at 11:45 a.m.
The event is free and open to the public. Towels will not be provided.