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 Mount Pleasant, 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 Mount Pleasant natives, we're proud to serve the Lowcountry and all of South Carolina with trusted mortgage brokerage services.
Unlike some mortgage companies in Mount Pleasant, 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 Mount Pleasant, 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 Mount Pleasant, 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.
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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 Mount Pleasant, 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 Mount Pleasant, 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.
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For the last 23 years, Mount Pleasant’s annual ArtFest has created a gathering place where residents can connect, explore diverse art forms and support local talent. And this year promises the same experience.ArtFest will take place from 11 a.m. to 3 p.m on March 21 at Mount Pleasant Towne Centre, 1218 Belk Drive.The free community celebration invites families, art lovers and curious visitors to spend the afternoon immersed in inspiration and imagination.Throughout the day, attendees can enjoy live performances by ...
For the last 23 years, Mount Pleasant’s annual ArtFest has created a gathering place where residents can connect, explore diverse art forms and support local talent. And this year promises the same experience.
ArtFest will take place from 11 a.m. to 3 p.m on March 21 at Mount Pleasant Towne Centre, 1218 Belk Drive.
The free community celebration invites families, art lovers and curious visitors to spend the afternoon immersed in inspiration and imagination.
Throughout the day, attendees can enjoy live performances by area music and dance groups. Visitors can also wander the Art Walk lined with regional artists and makers of photography, jewelry, woodwork, candles, macrame and more. During the Plein Air Paint Out, artists will paint in various places throughout the venue to be judged and awarded during the event closing.
“Art in all its forms has the ability to transform and enlighten both the creator and the viewer,” said Nicole Harvey, community affairs chief with the Mount Pleasant Recreation Department. “We hope that festival participants will leave inspired to pursue their own possibly neglected creative sparks."
ArtFest will also feature a variety of interactive kids' activities. Young artists can try pedal-powered spin art with Good Clean Fun, have their faces painted and enjoy balloon creations and fairy hair styling.
Sweetgrass basket weaving demonstrations and additional craft stations will offer hands-on opportunities to learn about local traditions and artistic techniques. And come hungry, because vendors will be serving up goodies like gyros, chicken sandwiches, Italian ice and Bundt cakes.
“Events like ArtFest help strengthen community pride, encourage cultural appreciation and contribute to the local economy,” said Kathi Herrmann, Towne Centre's marketing director.
“For the local artists specifically, ArtFest provides a valuable platform to showcase their work, connect with new audiences and build relationships within the creative community,” she said.
MOUNT PLEASANT — An apartment complex off Ben Sawyer Boulevard must still pay a mother and daughter $1 million for black mold exposure that left them seriously ill, a court has ruled.The S.C. Court of Appeals on March 4 rejected a Mount Pleasant apartment complex’s appeal of a 2022 jury verdict that found it negligent in its response to Karolina and Krista Richardson’s complaints about black mold in their apartment.The mother and daughter lived at the Oyster Park Apartments at 1421 Shucker Circle complex for a...
MOUNT PLEASANT — An apartment complex off Ben Sawyer Boulevard must still pay a mother and daughter $1 million for black mold exposure that left them seriously ill, a court has ruled.
The S.C. Court of Appeals on March 4 rejected a Mount Pleasant apartment complex’s appeal of a 2022 jury verdict that found it negligent in its response to Karolina and Krista Richardson’s complaints about black mold in their apartment.
The mother and daughter lived at the Oyster Park Apartments at 1421 Shucker Circle complex for about four months in 2017 soon after it opened to tenants. At issue was how long it took for management to respond to their complaints about the presence of mold and how long they knew about it, according to court records.
The two began reporting the symptoms and the presence of black mold in late May 2017 after they were moved to a new unit due to flooding. It wasn’t until they made several requests for mold testing for a month did management hire a lab on July 10, 2017.
The results confirmed what the mother and daughter already knew because of their history of asthma and other conditions that made them sensitive to mold exposure.
The family was moved to another unit. Their health problems related to mold exposure persisted until they left the complex in September 2017. According to the lawsuit, both contracted toxic mold disease as a result of their four months at Oyster Park.
Ninth Circuit Court Judge Jennifer McCoy presided over the 2022 trial. The apartment’s attorneys argued on appeal the judge erred in not providing a directed verdict. They also argued McCoy should not have found them in violation of evidence disclosure rules after notebooks were released on the eve of the trial. McCoy ordered the apartment complex pay the Richardson’s legal fees as a result, according to court records.
An attorney for Oyster Park did not immediately return a request for comment. The appeals court noted that the complex did eventually remediate the mold.
During litigation, Clay McCullough, who represented the Richardson’s, presented several other complaints from residents at Oyster Park that had also struggled with mold and water infiltration in the newly opened complex.
“Our overwhelming hope is that the apartment will pay out what is owed so the Richardson’s can get on with their lives,” McCullough said.
CHARLESTON COUNTY, S.C. (WCSC) — A convicted sex offender’s probation has now been partially revoked after Charleston County deputies say he failed to report multiple internet and social media accounts.Travis Reed Gaye, 27, is facing charges associated with failing to register.A judge has ordered Gaye to spend 180 days behind bars for his probation violations. Court records indicate he will then have his probation reinstated and wear an electronic monitoring device.The Sex Offender Registry Unit completed an ...
CHARLESTON COUNTY, S.C. (WCSC) — A convicted sex offender’s probation has now been partially revoked after Charleston County deputies say he failed to report multiple internet and social media accounts.
Travis Reed Gaye, 27, is facing charges associated with failing to register.
A judge has ordered Gaye to spend 180 days behind bars for his probation violations. Court records indicate he will then have his probation reinstated and wear an electronic monitoring device.
The Sex Offender Registry Unit completed an audit of Gaye and discovered three internet or social media accounts he had not previously disclosed, sheriff’s spokesperson Lexi Douglas said.
In November, Gaye pleaded down to six counts of third-degree sexual exploitation of a minor and was subsequently required to register as a convicted sex offender. Court documents state that, in 2023, Gaye had video of an infant being forced to commit sex acts.
At the hearing, Gaye was sentenced to five years of sex offender probation, placed on the sex offender registry and told he would serve 10 years in prison if he violated probation. Gaye registered nine days later and acknowledged in his contract that he must provide internet accounts and internet identifiers.
Live 5 Investigates first followed accusations of Gaye violating probation and the registry on Feb. 23, where he stood before a judge following an arrest by South Carolina’s Department of Probation, Parole and Pardon Services.
Gaye was arrested for two violations of his parole: allegedly possessing sexually explicit materials and possessing alcohol, both of which were violations of his parole.
An order of continuance was filed, which stated that the court received an email from the General Counsel at the Department of Probation, Pardon and Parole Services four days later.
At the hearing, Judge David Graham said he would have a decision by the end of the week, but that decision was not made by the time he was rearrested.
It went on to state, “the Department’s recommendation had changed from what had been presented at the hearing.” Originally, the state recommended GPS tracking, increased levels of supervision, and continued counseling, but did not recommend more time behind bars.
Gaye’s attorney, Charlie Condon, objected to the email and any consideration of the email without a hearing, records state. The matter of Gaye’s probation violation was continued to the next available court term.
Gaye currently lives in Mount Pleasant and his proximity to nearby parks and recreational facilities has raised concerns with neighbors. He is legally allowed to live within 1,000 feet of these locations because of loopholes in South Carolina law.
PRIOR COVERAGE: SC child sex offender arrested on probation violations, released same day
He remains booked at the Al Cannon Detention Center.