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 Mija 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, Mija is the team you can trust.
Here are just a few reasons why home buyers choose Mija 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. Mija Mortgage, for example, has access to 50 different lenders, which gives us a wide range of home loans in Daniel Island, 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 Mija 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 Mija 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 Daniel Island, 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 Mija 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 Mija Mortgage ASAP, as loan rates change frequently.
Here at Mija 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 Daniel Island, 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.
The city of Charleston will be voting Monday and Tuesday night on the approval of a $2 million replacement bridge on Daniel Island.DANIEL ISLAND, S.C. (WCSC) - The city of Charleston will be voting Monday and Tuesday night on the approval of a $2 million replacement bridge on Daniel Island.The Beresford Creek Bridge is one of the only two ways to get onto Daniel Island, but officials say the bridge is in need of demolition and replacement after years of use.The final approval of the project from the city council would in...
The city of Charleston will be voting Monday and Tuesday night on the approval of a $2 million replacement bridge on Daniel Island.
DANIEL ISLAND, S.C. (WCSC) - The city of Charleston will be voting Monday and Tuesday night on the approval of a $2 million replacement bridge on Daniel Island.
The Beresford Creek Bridge is one of the only two ways to get onto Daniel Island, but officials say the bridge is in need of demolition and replacement after years of use.
The final approval of the project from the city council would include adding a pedestrian and bike lane since the current bridge is very narrow.
Charleston City Councilman Boyd Gregg has been pushing for approval of the project to reduce dangerous traffic conditions on the bridge.
“More than anything, right now, I’d say pedestrian access,” Gregg says. “There’s not a really safe path for pedestrians cross or bikers to cross; the new bridge will have much improved pedestrian access.”
The bridge experienced damage to its infrastructure about three years ago, forcing load limits on the bridge for heavy trucks.
More recently, fire vehicles and ambulances are no longer to access the island from the bridge due to its current condition.
City of Charleston Director of Public Service Tom O’Brien says the bridge was built in the 90s, and it used to be the only way to access Daniel Island before Interstate 526 provided another entry point.
“Obviously with all the development with the homes and the town center, traffic has increased,” O’Brien says. “The bridge we will be replacing it with will be a very solid bridge and will provide great access for the people.”
Daniel Island is also working on another project to build a pedestrian and bicycle bridge over Nowell Creek.
“I think it shows the city’s commitment to provide these passages and safe ways to allow for pedestrians and bicycles to use the city,” O’Brien says.
Both O’Brien and Gregg are pushing for the project to finish before the next school year.
“There’s a significant amount of school traffic on this road, particularly for those traveling up with Phillip Simmons High School,” Gregg says. “We really wanted to try to get this done as much as we could during the summer to try to alleviate some of that school traffic and take advantage of school being out.”
In efforts to address traffic concerns, the city will be holding a meeting in the next month to explain the entire construction process and answer questions from nearby homeowners.
The project will be voted on at Monday night’s Public Works and Utilities Commission meeting and Tuesday’s city council meeting.
Copyright 2023 WCSC. All rights reserved.
DANIEL ISLAND — The Jimmy Buffett & the Coral Reefer Band concert at Credit One Stadium slated for May 20 is being rescheduled due to an unexpected and undisclosed health issue that has befallen the “Cheeseburger in Paradise” singer.The last-minute show, which was announced on May 12, with ticket sales beginning May 15, will now take place at a yet-to-be-announced later date.Buffett was quoted in a news release regarding the rescheduling, with mentions of an unexpected hospitalization after a recent Bahama...
DANIEL ISLAND — The Jimmy Buffett & the Coral Reefer Band concert at Credit One Stadium slated for May 20 is being rescheduled due to an unexpected and undisclosed health issue that has befallen the “Cheeseburger in Paradise” singer.
The last-minute show, which was announced on May 12, with ticket sales beginning May 15, will now take place at a yet-to-be-announced later date.
Buffett was quoted in a news release regarding the rescheduling, with mentions of an unexpected hospitalization after a recent Bahamas trip and his promise to return to the Lowcountry, or, as he calls it, the “land of she-crab soup.”
“Hello, my faithful fans in Charleston and beyond. These few words from Mark Twain about life changes, seemed perfect to pass on at this time. ‘Challenges,’ he said make life interesting however overcoming them is what makes life meaningful. I had a sudden change of plans this week that affected us all. Two days ago, I was just back from a trip to the Bahamas, thawing out from the California ‘winter tour,’ and chomping at the bit to get to Charleston. I had to stop in Boston for a check-up but wound up back in the hospital to address some issues that needed immediate attention. Growing old is not for sissies, I promise you. I also will promise you, that when I am well enough to perform, that is what I’ll be doing in the land of she-crab soup. You all make my life more meaningful and fulfilled than I would have ever imagined as a toe-headed little boy sitting on the edge of the Gulf of Mexico. Thank you for your prayers and thoughts, your amazing years of loyalty, and just remember, ‘NOT YET!’”
Buffett and his band’s show would’ve been part of the Second Wind Tour 2023. They’ve been working on a new album as a followup to 2020′s “Life on the Flip Side,” which debuted at No. 2 on Billboard.
In initial anticipation of the event, Credit One Stadium’s general manager, Chris Meany, said, “We can’t wait to have the Parrot Heads join us for what will be the biggest party of the year! Don’t miss out — Fins up!”
According to the latest news release announcing the rescheduling, all previously purchased tickets will be honored for the new date once announced, and more information will be emailed to ticket purchasers directly.
CHARLESTON, S.C. (WCIV) — UPDATE (5/18/23): Jimmy Buffett's show originally scheduled for Saturday, May 20 at Credit One Stadium on Daniel Island is getting rescheduled.Buffett announced on social media Thursday morning, two days before the show, that he was experiencing challenges related to his health.Growing old is ...
CHARLESTON, S.C. (WCIV) — UPDATE (5/18/23): Jimmy Buffett's show originally scheduled for Saturday, May 20 at Credit One Stadium on Daniel Island is getting rescheduled.
Buffett announced on social media Thursday morning, two days before the show, that he was experiencing challenges related to his health.
Growing old is not for sissies, I promise you," Buffett said. "I also will promise you, that when I am well enough to perform, that is what I'll be doing in the land of She-Crab soup.
Get your cheeseburgers and margaritas ready, Charleston. Jimmy Buffett is coming to town next week.
The renowned singer-songwriter will perform at Credit One Stadium on Daniel Island on Saturday, May 20 with the Coral Reefer Band as part of his 2023 Second Wind Tour.
The show will start at 7:30 p.m.
“We’re thrilled to welcome Jimmy Buffett and the Coral Reefer Band back to Daniel Island to perform at Credit One Stadium,” said Chris Meany, general manager. “We can’t wait to have the Parrot Heads join us for what will be the biggest party of the year! Don’t miss out – Fins up!”
Tickets will go on sale on Monday, May 15 at ticketmaster.com.
Credit One Stadium is located at 7596, 161 Seven Farms Drive, Charleston.
This week there are no new developments coming before the various City of Charleston boards and committees. Below are results from last week’s items specific to Daniel Island and the Cainhoy area. More detailed agendas and results can be found at charleston-sc.gov/agendacenter.UPCOMINGCITY OF CHARLESTON TECHNICAL REVIEW COMMITTEEMay 4 & May 11:No items pertaining to the Daniel Island or Cainhoy areas.RESULTSCITY OF CHARLESTON TECHNICAL REVIEW COMMITTEEApril 27:Point Hope Pump ...
This week there are no new developments coming before the various City of Charleston boards and committees. Below are results from last week’s items specific to Daniel Island and the Cainhoy area. More detailed agendas and results can be found at charleston-sc.gov/agendacenter.
CITY OF CHARLESTON TECHNICAL REVIEW COMMITTEE
May 4 & May 11:
No items pertaining to the Daniel Island or Cainhoy areas.
CITY OF CHARLESTON TECHNICAL REVIEW COMMITTEE
Point Hope Pump Station – Site plan for a pump station, force main and gravity sewer extension at 1236 Clements Ferry Road in Cainhoy. Results: Revise and resubmit to TRC.
Restore at Point Hope – Site plan for a single-family attached and detached residential building with 93 units at 1236 Clements Ferry Road in Cainhoy. Results: Revise and resubmit to TRC.
Mankiewicz Expansion – Site plan for expansion/improvement of existing facility by the addition of a warehouse and logistics building and filling a pond site at 1200 Charleston Regional Pkwy. in Cainhoy. Results: Submit to TRC for 1st review.
REGULARLY SCHEDULED CITY & COUNTY MEETINGS
Berkeley Co. Bd. of Education meets the first and third Monday. Executive Committee meets at 5:30 p.m.; meeting starts at 6:30 p.m.
Berkeley Co. Council meets fourth Mon. of each month, 6 p.m., Berkeley County Admin. Blg., 1003 Hwy 52, Moncks Corner.
City of Charleston Council typically meets the second and fourth Tues. of each month, 5 p.m., City Hall, 80 Broad Street, Charleston, SC and/or virtually via Conference Call #1-929-205-6099; Access Code: 912 096 416. Exceptions: Summer Schedule - 3rd Tues. of June, July, and August; December meetings on the 1st and 3rd Tues. Dates and locations subject to change.
City of Charleston Technical Review Committee meets every Thurs. at 9 a.m.via Zoom.
City of Charleston Board of Zoning Appeals – Site Design meets the 1st Wed. of each month at 5 p.m. via Zoom.
City of Charleston Board of Zoning Appeals – Zoning meets the 1st and 3rd Tues. of each month at 5:15 p.m., except for January and July when no meeting is held on the 1st Tues.
City of Charleston Design Review Board meets the 1st and 3rd Mon. of every month at 4:30 p.m.
City of Charleston Planning Commission meets the 3rd Wed. of every month at 5 p.m.
City of Charleston Board of Architectural Review – Large projects meets the 2nd and 4th Wed. of every month at 4:30 p.m.
City of Charleston Board of Architectural Review – Small projects meets the 2nd and 4th Thurs. of every month at 4:30 p.m.
All meetings are open for public comment except the City of Charleston Technical Review Committee meetings.
For more information, contacts for specific projects and on location and time of the meetings or to learn more, visit charleston-sc.gov/AgendaCenter/.
Compiled by Suzanne Detar
You’re seeing The Post and Courier’s weekly real estate newsletter. Receive all the latest transactions and top development, building, and home and commercial sales news to your inbox each Saturday here.A Colorado-based developer of several projects in the Lowcountry plans to offer a new ...
You’re seeing The Post and Courier’s weekly real estate newsletter. Receive all the latest transactions and top development, building, and home and commercial sales news to your inbox each Saturday here.
A Colorado-based developer of several projects in the Lowcountry plans to offer a new residential phase in a developing Daniel Island community this fall.
East West Partners will offer 47 residences, including condominiums, townhomes and marsh cottages, in the third phase of its mixed-use Waterfront project along the Wando River.
Some of the two- to four-story buildings will have views of the river. Pricing has not been announced.
The announcement comes after the developer recently sold out all 41 one- to three-bedroom condominium units across three buildings in a second phase of construction at prices ranging from the mid-$600,000s to $3.6 million, according to a spokeswoman.
Work on the second phase with units ranging from 1,220 square feet to 3,400 square feet got underway last year and is expected to wrap up in early 2024.
“Demand for this community has remained strong ever since its inception, reflecting a continually growing interest in the elevated, yet relaxed coastal lifestyle and vibrant social environment we’ve been able to cultivate here,” said Harriette Calder, community project manager.
In addition to the residences, this second collection also features exclusive new homeowner amenities, including a shared, elevated outdoor courtyard for residents of two of the buildings, and an outdoor terrace and gathering space called The Perch for residents of the third building.
All homeowners in The Waterfront also have access to an array of amenities, including a waterfront park with public docks, 25-plus miles of hiking trails, resort-style pool, fitness center. When completed, the community will have six phases of development.
The brownsfield site where an auto shop and a later longtime milk plant operated is slated to have 200 apartments on Meeting Street.
6: Number of restaurants a Charleston-based chain will have when a new one opens next year in West Ashley.
250: Estimated number of hotel rooms planned for a former 10-story office tower in Charleston.
4,000: Square footage of new Mexican restaurant coming to a developing mixed-used community in Charleston.
38,000: Square footage of new retail and medical center coming to Bees Ferry Road in West Ashley.
+ Plans put off: Ports Authority delays plans for Union Pier redevelopment in Charleston for a year.
+ 21 and counting: Charleston-area home sales declined for the 21st consecutive month in May to a level last seen about 8 years ago.
+ Washed out: Conceptual plans for a new car wash at the site of a West Ashley restaurant recently failed to win approval from a Charleston reveiw panel.
+ Changing hands: A 112-unit North Charleston apartment complex is now under new ownership.
Social club Soho House plans to land in a nearly 150-year-old iconic building in the downtown area.
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