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:
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 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.
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:
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.
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:
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 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.
JAMES ISLAND, S.C. (WCIV) — Taylor Consulting Group has been working since 2019 on a proposal to build a development on 6.52 acres along Dills Bluff Road on James Island. The plan proposes building a storage facility along with a brand new housing development, and it would also bring around 10 new homes into the area as well. Some people living on James Island have been against the development from the beginning."Between the petitions, the calls for action to conduct an environmental study to just preserving it as a park or...
JAMES ISLAND, S.C. (WCIV) — Taylor Consulting Group has been working since 2019 on a proposal to build a development on 6.52 acres along Dills Bluff Road on James Island. The plan proposes building a storage facility along with a brand new housing development, and it would also bring around 10 new homes into the area as well. Some people living on James Island have been against the development from the beginning.
"Between the petitions, the calls for action to conduct an environmental study to just preserving it as a park or some other type of use," John Peters, who lives on James Island, said. "That would enhance James island and the growth of James Island."
Their concerns haven't gone unnoticed. Over the years, there have been many changes made to the proposal, but some community members would rather see the space preserved, or turned into an area for green space and recreation use.
"They're going to be cutting hundreds of trees to build both the storage facility and the residential park," Melissa Lubey, who started a petition to gain the attention of the community, said. That petition now has over a thousand signatures.
"I'm not a business owner, but from a business perspective, I would turn it into something that makes the PSD money, like a market space that could enhance," Peters said when asked about what he would like the space used for. "They could rent out the spaces to vendors, local vendors. We have them all the time in this area, where they come out and they attend events."
News 4 brought these concerns to James Island Mayor Brook Lyon who said there's not much the town can do since the property is owned by the public service district. She said she has looked into the possibility for the town to buy the land from the developer.
"Sure would love for the town to be able to buy all or part of it at the very least for parks for our citizens," Mayor Lyon said. "It's a huge deal, we have reached out to the public service district as well as the potential buyer through our attorneys and let them know that we would love to purchase it."
Monday night's meeting will be the last public meeting before the sale is potentially finalized on Friday, March 1. The meeting will be held at James Island's Fire Station #1 starting at 7 p.m.
News 4 also reached out to the Public Service District and the developer for comment but have not yet heard back.
It's Disability Celebration Night at the Coliseum, presented by Coastal Kids Dental. The Rays will have a Sensory Room in North Club in Section 120, filled with bean bags, tunnels, and other sensory items provided by Beautiful Gate Center for any of our fans to use for today's game.Every Friday is Frothy Friday at the Coliseum! Enjoy $5 Frothy Beard beers through the end of the 1st intermission - doors open at 6:00 PM and puck drops a...
It's Disability Celebration Night at the Coliseum, presented by Coastal Kids Dental. The Rays will have a Sensory Room in North Club in Section 120, filled with bean bags, tunnels, and other sensory items provided by Beautiful Gate Center for any of our fans to use for today's game.
Every Friday is Frothy Friday at the Coliseum! Enjoy $5 Frothy Beard beers through the end of the 1st intermission - doors open at 6:00 PM and puck drops at 7:05 PM!
The Nutrl Zone
Frothy Friday Ticket Deal
Friday, March 1st
DISABILITY CELEBRATION + FROTHY FRIDAY
North Charleston Coliseum
Saturday, March 2nd
MARVEL SUPER HERO NIGHT + JERSEY AUCTION
North Charleston Coliseum
Sunday, March 3rd
PAINT THE ICE
North Charleston Coliseum
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Stay up to date on Charleston Southern basketball all year long by bookmarking this page, as we offer the team's 2023-24 schedule, along with the results for each game after it's over.Catch tons of live college basketball, plus original programming, with ESPN+ or the Disney Bundle.Read More About Charleston Southern BasketballCharleston Southern's Upcoming Games...
Stay up to date on Charleston Southern basketball all year long by bookmarking this page, as we offer the team's 2023-24 schedule, along with the results for each game after it's over.
Catch tons of live college basketball, plus original programming, with ESPN+ or the Disney Bundle.
|vs. Toccoa Falls
|vs. North Florida
|vs. JWU Charlotte
|@ NC State
|@ Wake Forest
|vs. South Carolina State
|vs. North Alabama
|@ #18 South Carolina
|@ Loyola Chicago
|vs. Kentucky Christian
|@ #9 North Carolina
|vs. South Carolina Upstate
|@ High Point
|vs. UNC Asheville
|@ UNC Asheville
|@ South Carolina Upstate
|vs. High Point
|February 28, 7:00 PM ET
|March 2, 2:00 PM ET
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A bankrupt casual dining chain once headquartered in Mount Pleasant has shut down its last restaurant in the area.A sign posted on the Wild Wing Cafe in North Charleston on Feb. 27 said the corporate-owned location was permanently closed and thanked customers for their patronage.According to Feb. 26 social media posts, employees said they were notified about the abrupt shutdown in a group text message. No one picked up the phone at the Rivers Avenue restaurant Monday afternoon. The company's bankruptcy attorneys did not respond...
A bankrupt casual dining chain once headquartered in Mount Pleasant has shut down its last restaurant in the area.
A sign posted on the Wild Wing Cafe in North Charleston on Feb. 27 said the corporate-owned location was permanently closed and thanked customers for their patronage.
According to Feb. 26 social media posts, employees said they were notified about the abrupt shutdown in a group text message. No one picked up the phone at the Rivers Avenue restaurant Monday afternoon. The company's bankruptcy attorneys did not respond to a request for comment.
The Post and Courier was unable to immediately verify whether Wild Wing is closing any other of its 22 other restaurants in six states.
The Charlotte-based owner and operator of the chain filed for bankruptcy protection last summer, blaming the move on "significant headwinds" brought on by the COVID-19 pandemic and its inability to repay an eight-figure loan.
Aetius Cos. LLC said its assets included six corporate-run restaurants in North Charleston, Greenville, Bluffton and other markets in the Carolinas. The others were classified as franchises.
The company listed more than 500 creditors.
Wild Wing, which once had more than 40 locations, said last summer that the global health crisis placed "severe pressure" on its finances. The challenges included "material" rent expenses for restaurants that were shut down permanently, high management turnover, supply chain constraints, difficult hiring conditions and the government-ordered business closures at the start of the pandemic.
The chain said it had taken steps to stabilize itself and had been making progress but was running out of time. A bank had declared a $12.5 million loan to be in default and was seeking to accelerate the repayment schedule.
Wild Wing determined a bankruptcy reorganization "was necessary to avoid further actions" by the lender and other creditors "that would threaten" day-to-day operations.
The chain was started in 1990 on Hilton Head Island and had been based in Mount Pleasant for years. It's marketed as a destination for “hot wings, cold beer and good times.”
The founders sold what was described as $100 million-a-year business for undisclosed terms in early 2012 to Axum Capital Partners, a private equity firm founded by former Carolina Panthers wide receiver Muhsin Muhammad.
At the time of the sale, the new owner said it hoped to grow the chain to as many as 100 locations by 2018, a goal later extended to 2028, and possibly develop it into a national brand.
Axum moved the corporate office to Charlotte in 2016.
In the Charleston region, Wild Wing once had four restaurants.
NORTH CHARLESTON, S.C. (WCBD) – The United States Postal Service (USPS) is looking at improving mail and delivery operations at its North Charleston processing facility.The postal service is conducting evaluations of current operations and potential uses of the local facility as part of an investment strategy to upgrade and improve postal processing, transportation, and delivery networks.Officials say a facility review will inform the best allocation of resources and strategies to improve customer service and achieve sign...
NORTH CHARLESTON, S.C. (WCBD) – The United States Postal Service (USPS) is looking at improving mail and delivery operations at its North Charleston processing facility.
The postal service is conducting evaluations of current operations and potential uses of the local facility as part of an investment strategy to upgrade and improve postal processing, transportation, and delivery networks.
Officials say a facility review will inform the best allocation of resources and strategies to improve customer service and achieve significant cost savings through operational precision and efficiency.
Business mail entry, Post Office, station, and branch retail services are not expected to change, and delivery services will be unaffected throughout the review. Neither the closure of the facility nor layoffs are expected.
“The initial results of the facility review support the business case for keeping the Charleston, SC facility open and modernizing the facility as a Local Processing Center (LPC),” said USPS officials. “The Charleston SC LPC will be a critical node to the unified movement of mail and packages across the regional processing and transportation ecosystem.”
According to Kanickewa Johnson, USPS Strategic Communications Specialist for South Carolina, the facility will offer expanded and streamlined package processing capabilities in the local market and new workplace amenities for USPS employees.
It’s part of a $40 billion investment aimed at improving the country’s aging postal network.
Some mail processing operations may be transferred to the Columbia area. Johnson said that would mean a significant percentage of mail collected locally will travel across the wider USPS transportation and processing network over larger distances to reach their final destinations more efficiently.
Mail and packages destined for outside the local area may receive better service and be more cost-effectively distributed by aggregating it with mail and packages from other areas going to the same places that will likewise utilize the wider postal network.
The postal service will hold a public meeting on Monday, March 11 where they will share initial results of the study and allow members of the community to provide feedback. That meeting will take place at the Charleston County Public Library (68 Calhoun Street) at 6:00 p.m.