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 Johns Island, 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 Mija Mortgage comes into the picture.
Whether you want the best interest rates or don't know where to start in the home-buying process, Mija Mortgage can set you up in the right direction. From getting you pre-qualified to buy a home to securing a veteran's loan, Mija Mortgage is the trusted solution you need. As Johns Island natives, we're proud to serve the Lowcountry and all of South Carolina with trusted mortgage brokerage services.
Unlike some mortgage companies in Johns Island, 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 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:
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. Mija Mortgage, for example, has access to 50 different lenders, which gives us a wide range of home loans in Johns 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:
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 Mija 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 Mija 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 Mija Mortgage loan officer in Johns Island, 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 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.
Do you have questions about the complexities of mortgages and home loans? As your advocate, Mija 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 Johns 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 Johns 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.
A Johns Island family who lost everything in a house fire wants to thank their community for the love and support shown to them during the hardship.JOHNS ISLAND, S.C. (WCSC) - A Johns Island family who lost everything in a house fire wants to thank their community for the love and support shown to them during the hardship.The fire happened on Dunwick Drive on Johns Island just before 5 a.m. Sunday....
A Johns Island family who lost everything in a house fire wants to thank their community for the love and support shown to them during the hardship.
JOHNS ISLAND, S.C. (WCSC) - A Johns Island family who lost everything in a house fire wants to thank their community for the love and support shown to them during the hardship.
The fire happened on Dunwick Drive on Johns Island just before 5 a.m. Sunday.
The Barnett family says they are the “luckiest unlucky people.”
Homeowner David Barnett said he’s just glad his family is alive. The family was celebrating their children’s birthdays over the weekend and had family and friends visiting. Seven people staying at the home the night of the fire escaped, and no one was injured.
Looking at the exposed structure of the house covered in black ash, son Parker Barnett said that’s not what’s important.
“I mean the house doesn’t matter. Everyone is alive, that’s the biggest part. I could care less about the house,” Parker said.
The family was able to rescue one of their dogs, Ellie. Daughter Laurel Barnett held the small dog while she talked about the night. She said their Doberman Lilly didn’t come out with them, but a few hours after the blaze was put out, firefighters found Lilly alive among the rubble.
“It took a lot of pressure off of me for sure because she just used to follow me everywhere and it did not feel right without her but it’s much better now,” Laurel said.
The family said the past few days have been difficult and a whirlwind as they assess the damage and try to understand what their future holds.
It didn’t take long for the community to jump into action, ready to help the Barnetts with whatever they need. A neighbor started a fundraiser that earned more than $30,000 in a few days. People are also collecting clothes in the family’s sizes.
“We’re grateful that we live in such a community that in time of need comes together and lifts everyone up, we’re just so thankful,” David said.
David is a chef at Stono Market and Tomato Shed Café. Restaurant owner Barbara Ambrose said she knows the family well.
“Dave’s been with us for 15 years almost. So, we’ve watched his children be born, grow up... We learned to love his wife, Jen, they’re really wonderful people,” Ambrose said.
Ambrose shared the ways to support the family on the restaurant Facebook page and said she shared a message for them from the team and their friends.
“We love you. We are so glad that y’all are OK. And that’s the most important thing, but everybody wants to know what they can do to support you and to help your family get back on their feet again. So let us know,” Ambrose said.
The Barnett family wished to thank everyone who has donated money or clothes to their cause. They say it’s amazing to see family and friends care about them and it puts things into perspective for them.
Copyright 2023 WCSC. All rights reserved.
A new elementary school planned for Johns Island is making its way through the approval process with the City of Charleston.CHARLESTON, S.C. (WCSC) - A new elementary school planned for Johns Island is making its way through the approval process with the City of Charleston.The construction plan went before the design review board for the second of its three times, on Monday. It’s a standard, but lengthy, process any builders go through with big projects in the city.Executive Director of Capital Programs Jasmeen Sha...
A new elementary school planned for Johns Island is making its way through the approval process with the City of Charleston.
CHARLESTON, S.C. (WCSC) - A new elementary school planned for Johns Island is making its way through the approval process with the City of Charleston.
The construction plan went before the design review board for the second of its three times, on Monday. It’s a standard, but lengthy, process any builders go through with big projects in the city.
Executive Director of Capital Programs Jasmeen Shaw explains the school is going to be state of the art and offer STEAM – science, technology, engineering, arts and math – education.
“The island truly deserves a brand-new school and we’re able to bring them a brand-new school which as well as alleviates some of the overcrowding that’s been caused by growth in the area – which is a great thing,” Shaw says.
The elementary school will be off of River Road. It is planned to be two stories and serve 700 2nd through 5th graders.
During community meetings last year – some people expressed concern about traffic. Part of the construction also includes building a roundabout on River Road to enter the school property. The project also includes adding a left turn lane from River Road to Brownswood Road and adding a right turn lane from Brownswood Road onto River Road.
“We’re going to bring several road improvements to the area, which is not only going to benefit the school which operates Monday through Friday for the most part, but even on weekends and as a whole, this particular school is going to be an asset to the entire community,” Shaw says.
Stephanie Yesil and her husband live in a neighborhood off River Road.
“Maybe it will help with the development of River Road and turning it into a safer place. Maybe adding some sidewalks, maybe adding some additional controls, maybe some new lights, maybe some new signs to make it even more family friendly. So, this could be a really good thing if it’s done well,” Yesil says.
She is a former education who says she doesn’t have kids yet, but supports investing in education.
“My husband and I hopefully one day will be parents but for now, I mean, we love our neighbors and almost every single one of them have new children and it would be really nice to make sure that this is more of a community-oriented place rather than having a bus kids all over the place,” Yesil says.
The elementary school is meant to help with the crowding at the Angel Oak Elementary, which is operating at 129% capacity over operating ability. The $53.5 million dollar brand new school will offer STEAM programs. Then, the Angel Oak Elementary building will be converted to serve as a head start and 1st grade center, so all levels are included. The goal open date for the school is the start of the 2024-2025 school year.
“I think education is always a great idea. I think there’s always going to be a need for it. I can’t speak to other city planning. I can’t necessarily speak to any other kinds of businesses that we should have over here. But you’ll always get a yes vote for me when it comes to bringing in good teachers, good people and giving more and more space for kids to go to places to learn,” Yesil says.
Monday, the design review board approved the conceptual plans and submitted the information to staff for a further focused review. The board made some aesthetic suggestions to the plans like more fencing around the back of the building, but overall supported the designs. Charleston County Schools says the project is on track and they expect to start site prep work in March.
Copyright 2023 WCSC. All rights reserved.
A Johns Island-based company that makes a foldable, portable pocket dog bowl and matching carrying pouch will soon land on one of the nation’s largest e-commerce websites.Lowcountry Pet Specialties was among the companies chosen through Walmart's “Open Call” initiative to promote locally made products on the retailer’s marketplace website. The goal is to get it on Walmart’s physical shelves....
A Johns Island-based company that makes a foldable, portable pocket dog bowl and matching carrying pouch will soon land on one of the nation’s largest e-commerce websites.
Lowcountry Pet Specialties was among the companies chosen through Walmart's “Open Call” initiative to promote locally made products on the retailer’s marketplace website. The goal is to get it on Walmart’s physical shelves.
According to a press release from Walmart, more than 1,100 businesses from across the country pitched their products at the annual “Open Call” last year and just more than 330 were chosen to be sold in stores and online.
Lowcountry Pet Specialties was one of four suppliers in South Carolina chosen for products made, grown or assembled in the state.
The Mobowl (named for “mobile bowl”) is a $12.99 patented BPA-free foldable travel pet bowl that fits two cups of food or two cups of water and measures just four inches in diameter when open.
Launched nearly four years ago, the Mobowl is now sold at 120 pet specialty retailers worldwide and available on the Lowcountry Pet Specialties website.
“We have sold somewhere in the neighborhood of 80,000-100,000 units. We have shipped 30,000 units to Europe,” said Lowcountry Pet Specialties founder John Hagerman, a retired engineer. “Europeans love this product; they are very active with their pets. (This WalMart partnership) is the project that really puts us on the map. By being in Walmart, it opens new doors for us to other retailers.”
Hagerman started Lowcountry Pet Specialties specifically to manufacture and sell the Mobowl. He came up with the idea after outings with his border collie at the beach and the park where he would forget to bring a water bowl.
“I would either cobble something up out of aluminum foil or I’d even pour water into my hand,” Hagerman said. “I looked online for a portable pet bowl, but nothing impressed me. I said,’ You know what? I'm going to make my own.’”
Hagerman’s friend had a 3-D printer and the first prototype of the Mobowl was created. Hagerman spent years testing different materials that was both safe for dogs and foldable into just inches. Hagerman has a trademark and patent for the Mobowl in multiple countries.
“The business was going great, and then the pandemic hit. And the problem was everybody was working remotely, so we didn’t have an opportunity to present our product or meet major retailers face to face and let them experience the product and feel it,” Hagerman said.
He discovered the Open Call initiative and applied last summer. Hagerman is currently in the process of supplying photos and a product description to Walmart's corporate marketing team and hopes to be online in the next few months.
The Mobowl is currently manufactured in Indiana, but Hagerman said he has plans to move production closer to home, especially if orders increase from the Walmart partnership. Hagerman said he hopes to hire workers to fulfill orders for increased production.
“We are looking now for a manufacturing site here in Charleston County. We're also looking in Colleton County to be able to fulfill the orders — Colleton County is offering some great incentives — in being able to warehouse all the products and all the packaging,” Hagerman said. “The plan is to maintain (inventory) we have now. Right now, we have plenty of inventory, but we're hoping that we deplete this inventory and we get back into production and start increasing production.”
Hagerman said he is working on inventing new to-be-trademarked products through Lowcountry Pet Specialties. He hopes the Walmart connection will spur national retailers like PetSmart or Petco to carry the Mobowl on shelves.
“Now that Walmart has brought us on board, I hope it will happen that (national pet retailers) are going to look at us with a much more serious frame of mind,” Hagerman said. “Our goal is to get it on the shelf. Once it gets on the shelf, that's when we will really ramp up production.”
The $75 million in funding that Charleston County Council approved for the Mark Clark extension project last week has the potential to be transformative for Charleston County and Johns Island in three ways, but not in ways council members or residents may think.First, the project could be financially transformative in the short-term because it could be the largest county financial debacle since the millions “invested” in the former Naval Hospital.Why? Because council is betting taxpayer money that a slew of low-prob...
The $75 million in funding that Charleston County Council approved for the Mark Clark extension project last week has the potential to be transformative for Charleston County and Johns Island in three ways, but not in ways council members or residents may think.
First, the project could be financially transformative in the short-term because it could be the largest county financial debacle since the millions “invested” in the former Naval Hospital.
Why? Because council is betting taxpayer money that a slew of low-probability events take place that make this $75 million bet a sure winner.
These events include betting that:
These bets don’t even include the bet that the state Joint Bond Review Committee will shirk its fiduciary responsibility and approve the infrastructure bank’s request for matching funds. This despite Charleston County having no real plan to raise the additional funds needed for the project.
If this low-probability bet is lost, county taxpayers will not only be out $75 million, but they also would have to reimburse the infrastructure bank for 50% of all funds it provided. And we would have lost $75 million that could have been spent on making much-needed improvements to our roads now.
Second, the project could be financially transformative for Charleston County in the long-term since the true cost of the project will likely be much greater than $2.2 billion.
Why? Because of the intergovernmental agreement Charleston County signed with the infrastructure bank and the state Department of Transportation, the county is solely responsible for all additional costs. These costs include any cost overruns and lawsuits; funds for bond servicing; and the cost to upgrade River Road to accommodate the traffic from this project.
These costs could easily add up to an additional several hundred million more dollars. Just imagine how the bond rating agencies will assess the county’s creditworthiness with this unbounded financial obligation.
Third, the project could be transformative to Johns Island because the Lowcountry character of the island would be lost forever.
Why? Because large road projects like these attract large “Anywhere USA” residential developments with their multitude of cars, big box stores and national franchises that push out local businesses. They also dislocate long-time residents. All of this would greatly and adversely impact our quality of life and worsen traffic congestion.
If you need some examples of this, just look to Mount Pleasant and the Cainhoy Peninsula.
Once the Ravenel Bridge was completed, growth in Mount Pleasant exploded. The town is now grappling with its growth and congestion at nearly every Town Council meeting. For example, the town recently announced it will perform an in-depth study to see what can be done to reduce the number of vehicles traveling on roads throughout the town. The study is not about building new roads but managing traffic on existing ones.
Without Interstate 526, the Cainhoy Peninsula was not attractive to developers. Now, there are plans to build 9,000 homes there and to fill vast stretches of wetlands — not to mention the eventual dislocation of long-time residents.
Even without the 9,000 Cainhoy houses, I-526 is currently so congested that the state and federal governments (not Charleston County) are looking to spend billions of dollars to try to relieve this congestion.
This is not the future Johns Islanders want.
There will be those who say that this is a much-needed project. This despite effective lower-cost alternatives that do not alter our island forever.
There will be those who say that residents are overwhelmingly in support of this project. This despite the latest DOT survey showing that fewer than half of them support the project.
There will be those who say that we need a third way on and off the island. This despite, in comparison, that we have only 10% more daily traffic than Hilton Head on our bridges. Yet we have two bridges with eight available lanes, while Hilton Head is about to spend millions to expand its single bridge from four to only six lanes.
Do we need to improve safety and reduce congestion on our roads to improve our quality of life? Yes.
Is betting the county’s short-term and long-term financial future, losing the soul of what makes Johns Island who we are, ignoring effective lower-cost alternatives and ignoring the desires of the majority of the residents the way to do it? No.
So what will happen?
The county could be saved from itself if the Joint Bond Review Committee votes against authorizing the matching funds. Then we can get back to the business of improving safety and reducing congestion on our roads.
John Zlogar is a cofounder of Rational Roads for Johns Island.