Mortgage Broker in North Charleston, SC
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 North Charleston, 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.
DifferenceThe Mission One Mortgage Difference
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 North Charleston natives, we're proud to serve the Lowcountry and all of South Carolina with trusted mortgage brokerage services.
Unlike some mortgage companies in North Charleston, 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.
- Mortgage Broker North Charleston, SC
- The Mission One Mortgage Difference
- Why Should I Work with a Mortgage Broker in North Charleston, SC
- Exploring the Benefits of Working with a Mortgage Broker
- Common Home Loan Options in South Carolina
- Home Mortgage FAQs
- Mission One Mortgage: Turning Dreams into Reality, One Mortgage at a Time
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:
No Additional Fees- Providing our client's services free of charge, using a mortgage broker like Mission One Mortgage can help you scout the best price on loans without a hefty price tag.
Access to 50 Lenders- With access to a range of loans and interest rates available, Mission One Mortgage can shop for the best loans for your unique needs.
Accessible to Our Clients- Providing a transparent and communicative service to all our clients, Mission One Mortgage ensures all phone calls are answered or returned in a timely manner.
Setting You Up for Success- Helping you prepare all your documents for pre-approval and the loan application, Mission One Mortgage will provide you with all the necessary information to secure the best loan.
Why Should I Work with a Mortgage Broker in North Charleston, SC?
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.
What Does a Mortgage Broker Do?
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 North Charleston, 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.
Help with the Pre-Approval Process
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:
- Two Years of W2 Forms
- 30 Days of Pay Stubs from Employer
- 60 Days of Bank Statements
- A Valid Driver's License
BenefitsExploring the Benefits of Workingwith a Mortgage Broker
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.
Home LoanCommon Home Loan Options in South Carolina
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 North Charleston, 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 Mortgages
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 Loans
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.
USDA Loans
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.
Veteran Mortgages
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.
FAQsHome Mortgage FAQs
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 North Charleston, 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:
- Do not become a co-signer on a loan with someone else.
- Do not quit or change your job.
- Do not apply for new credit cards, automobile loans, or any other lines of credit.
- Do not use your credit card to pay for large purchases, like furniture for your new house.
- Do not avoid payments on current lines of credit, loans, or utility bills.
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.
Mission One Mortgage: Turning Dreams into Reality, One Mortgage at a Time
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 North Charleston, 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.
Contact Us For Service !
(843) 822-5685
Latest News in North Charleston, SC
Charleston Beerfest returns this weekend
Patrick Phillipshttps://www.live5news.com/2024/10/25/charleston-beerfest-returns-this-weekend/
CHARLESTON, S.C. (WCSC) - One of South Carolina’s premier beer events is back in North Charleston this weekend with more than 65 participating breweries.Charleston Beerfest runs from noon until 7 p.m. Saturday at Riverfront Park in North Charleston.Click here for more information at the Charleston Beerfest website.“We have our best mix yet of returning favorites as well as new breweries, so everyone is sure to find one of their favorite...
CHARLESTON, S.C. (WCSC) - One of South Carolina’s premier beer events is back in North Charleston this weekend with more than 65 participating breweries.
Charleston Beerfest runs from noon until 7 p.m. Saturday at Riverfront Park in North Charleston.
Click here for more information at the Charleston Beerfest website.
“We have our best mix yet of returning favorites as well as new breweries, so everyone is sure to find one of their favorite beers and keep adding to their list with new ones,” Richard Reams, Palmetto Community Care’s director of development and marketing, said.
The festival welcomes beer and music lovers and gives them the chance to sample Lowcountry favorites along with new IPAs, reds, ales, stouts, sours and ciders from around the Carolinas, Georgia and beyond.
Certainly So will open the festival before turning over the stage to Empire Strikes Brass. Kanika Moore and the Brown-Eyed Bois will take the stage before Dustbowl Revival closes the festival.
The event’s proceeds benefit Palmetto Community Care, which provides compassionate HIV care and prevention education across the Tri-County area.
“We couldn’t be prouder of the list of amazing craft breweries! Not only do these breweries make great beer, but each of them is generously supporting our community and the work we do each and every day,” Reams said. “We are so pleased to showcase the regional craft beer community at Charleston Beerfest.”
General admission tickets are $50 per person at the event’s website and include festival access, a commemorative festival mug, and beer tastings. In addition to all the craft brews, festival attendees will be treated to a wide range of food trucks and a Vendor Village featuring area artisans and craft vendors.
VIP attendees can also access exclusive beer samples in the VIP Retreat on the River. A limited number of VIP tickets are available and include a commemorative festival mug, early festival access at noon, a custom VIP tasting glass, and access to the VIP Oasis with shaded seating, misting fans, exclusive activities, free VIP-only beer tastings, light snacks, and private restroom trailers.
Ticket prices will increase at the gate.
Parking for the event will be free. The event is strictly for ages 21 and over only.
Copyright 2024 WCSC. All rights reserved.
PPR Capital Management Expands Portfolio with the Grand Opening of Tommy's Express Car Wash in North Charleston, SC
PPR Capital Managementhttps://www.prnewswire.com/news-releases/ppr-capital-management-expands-portfolio-with-the-grand-opening-of-tommys-express-car-wash-in-north-charleston-sc-302285216.html
Tommy's Car Wash Charleston marks the second open location in PPR's Opportunity Fund ICHARLESTON, S.C., Oct. 24, 2024 /PRNewswire/ -- PPR Capital Management (PPR), a private equity real estate investment firm, is proud to announce the grand opening of Tommy's Express Car Wash Charleston, located at 4820 Tanger Outlet Blvd, North Charleston, SC."We are...
Tommy's Car Wash Charleston marks the second open location in PPR's Opportunity Fund I
CHARLESTON, S.C., Oct. 24, 2024 /PRNewswire/ -- PPR Capital Management (PPR), a private equity real estate investment firm, is proud to announce the grand opening of Tommy's Express Car Wash Charleston, located at 4820 Tanger Outlet Blvd, North Charleston, SC.
"We are thrilled to bring Tommy's Express Car Wash to the North Charleston market," said Steve Meyer, Chief Executive Officer at PPR Capital Management. "This opening reflects our commitment to providing our investors with unique opportunities and high-quality, real estate-backed ventures. Through PPR's new Opportunity Fund, we can offer our valued investors a differentiated investment opportunity typically only made available to institutional or venture capital investors, allowing them access to growth markets with high potential for strong returns."
Tommy's Express Car Wash is the largest car wash franchise in the United States. Each location features several innovative characteristics unique to Tommy's, including a cleaning system that can wash up to 200 cars per hour using 80% recycled water, a best-in-class conveyor belt, and advanced license plate recognition technology. A user-friendly mobile application makes it easy for Tommy's customers to manage their car wash subscription, operate on-site self-service vacuums, and pay for individual washes. Tommy's in North Charleston offers users convenient hours, open seven days per week from 7 a.m. to 8 p.m. daily.
Earlier this year, in partnership with Olympus Pines, a leading retail business developer and operator, PPR launched its first of several Opportunity Funds. Opportunity Fund I invests in the development and operation of Tommy's Express Car Washes in strategic, high-growth car wash markets across the United States. The Opportunity Fund is managed by an experienced team of finance, strategy, operations, and marketing professionals from both PPR and Olympus Pines.
About PPR Capital ManagementPPR Capital Management is a private equity real estate firm that manages investment offerings which primarily invest in distressed assets and mortgages, as well as residential and commercial real estate throughout the United States. The firm has been named as one of "America's Fastest Growing Companies 2024" by Financial Times and has received a "Best Places to Work" designation by Philadelphia Business Journal for the past two consecutive years. Founded in 2007, PPR's mission has been to provide financial wellness to our investors while making a positive social impact on the communities in which we invest, live, and work. For more information, please visit our website at pprcapitalmgmt.com.
SOURCE PPR Capital Management
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