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 Ladson, 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 Ladson natives, we're proud to serve the Lowcountry and all of South Carolina with trusted mortgage brokerage services.
Unlike some mortgage companies in Ladson, 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 Ladson, 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 Ladson, 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 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 Ladson, 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 Ladson, 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 3-year-old vanished from an apartment complex before being found at the bottom of a retention pond, South Carolina officials said.The toddler was pulled from the water with “no signs of life” and was pronounced dead at the scene, according to the Dorchester County sheriff’s and coroner’s offices.The child was identified in a news release as John Tyheem Williams Jr.Deputies said they responded to a report of a missing toddler at about noon on Friday, Sept. 8. The child was last seen at an apartme...
A 3-year-old vanished from an apartment complex before being found at the bottom of a retention pond, South Carolina officials said.
The toddler was pulled from the water with “no signs of life” and was pronounced dead at the scene, according to the Dorchester County sheriff’s and coroner’s offices.
The child was identified in a news release as John Tyheem Williams Jr.
Deputies said they responded to a report of a missing toddler at about noon on Friday, Sept. 8. The child was last seen at an apartment complex in the Ladson area, roughly 20 miles northwest of Charleston.
A deputy reported that someone found an iPod in a retention pond that might have belonged to the 3-year-old. Then, the sheriff’s office started working with other agencies to search the water for the missing child, according to an incident report.
At about 1 p.m., a diver found the child “approximately 15-20 feet from the bank in about 10-12 feet of water.” The toddler’s body was taken to the coroner’s office, where an autopsy was scheduled, according to officials.
Deputies in a Sept. 8 email said they were investigating the child’s apparent drowning death along with the coroner’s office and the S.C. Law Enforcement Division.
At least 4,000 people die from drowning every year in the U.S., according to the Centers for Disease Control and Prevention, and drowning is a leading cause of death for children.
Some factors can make drowning more likely, including not knowing how to swim, a lack of close supervision, not wearing a life jacket and drinking alcohol while recreating near or in water.
The National Drowning Prevention Alliance said there are tips to help keep you safe in the water, including checking local weather conditions, never swimming alone and choosing the right equipment.
“Don’t hesitate to get out of the water if something doesn’t feel right,” the group said on its website. “Whether it’s that the current is getting rough, rain has started to fall, or your body is just not responding like you would like it to due to fatigue or muscle cramps, then just leave and return to the water another day. It’s always a good thing to trust your instincts.”
This story was originally published September 11, 2023, 9:12 AM.
A 3-year-old vanished from an apartment complex before being found at the bottom of a retention pond, South Carolina officials said.The toddler was pulled from the water with “no signs of life” and was pronounced dead at the scene, according to the Dorchester County sheriff’s and coroner’s offices.The child was identified in a news release as John Tyheem Williams Jr.Deputies said they responded to a report of a missing toddler at about noon on Friday, Sept. 8. The child was last seen at an apartme...
A 3-year-old vanished from an apartment complex before being found at the bottom of a retention pond, South Carolina officials said.
The toddler was pulled from the water with “no signs of life” and was pronounced dead at the scene, according to the Dorchester County sheriff’s and coroner’s offices.
The child was identified in a news release as John Tyheem Williams Jr.
Deputies said they responded to a report of a missing toddler at about noon on Friday, Sept. 8. The child was last seen at an apartment complex in the Ladson area, roughly 20 miles northwest of Charleston.
A deputy reported that someone found an iPod in a retention pond that might have belonged to the 3-year-old. Then, the sheriff’s office started working with other agencies to search the water for the missing child, according to an incident report.
At about 1 p.m., a diver found the child “approximately 15-20 feet from the bank in about 10-12 feet of water.” The toddler’s body was taken to the coroner’s office, where an autopsy was scheduled, according to officials.
Deputies in a Sept. 8 email said they were investigating the child’s apparent drowning death along with the coroner’s office and the S.C. Law Enforcement Division.
At least 4,000 people die from drowning every year in the U.S., according to the Centers for Disease Control and Prevention, and drowning is a leading cause of death for children.
Some factors can make drowning more likely, including not knowing how to swim, a lack of close supervision, not wearing a life jacket and drinking alcohol while recreating near or in water.
The National Drowning Prevention Alliance said there are tips to help keep you safe in the water, including checking local weather conditions, never swimming alone and choosing the right equipment.
“Don’t hesitate to get out of the water if something doesn’t feel right,” the group said on its website. “Whether it’s that the current is getting rough, rain has started to fall, or your body is just not responding like you would like it to due to fatigue or muscle cramps, then just leave and return to the water another day. It’s always a good thing to trust your instincts.”
This story was originally published September 11, 2023, 9:12 AM.
A 336-unit multifamily housing complex in Ladson called Broadstone Ingleside sold for $77.5 million, according to Cushman & Wakefield, a commercial real estate services firm that arranged the deal.Cushman & Wakefield’s John Phoenix, Louis Smart and Austin Green represented the seller in the transaction. The multifamily community was acquired by a joint venture between affiliates of Abacus Capital and Westbrook Partners, according to a Cushman & Wakefield news release."Broadstone Ingleside is a best-in-cla...
A 336-unit multifamily housing complex in Ladson called Broadstone Ingleside sold for $77.5 million, according to Cushman & Wakefield, a commercial real estate services firm that arranged the deal.
Cushman & Wakefield’s John Phoenix, Louis Smart and Austin Green represented the seller in the transaction. The multifamily community was acquired by a joint venture between affiliates of Abacus Capital and Westbrook Partners, according to a Cushman & Wakefield news release.
"Broadstone Ingleside is a best-in-class garden asset built by one of the most prolific developers in the nation,” Smart, director at Cushman & Wakefield, said in the news release. “This deal is in the absolute bullseye for job growth and in-migration in Charleston — one of the fastest growing and most sought-after markets we cover.”
Broadstone Ingleside is a desirable property because it is positioned in a rapidly expanding North Charleston submarket just off Interstate 26, located near several big-name corporations, the news release said.
Cushman & Wakefield’s Sunbelt Multifamily Advisory Group is a 109-person investment sales team covering 11 states. The group closed $11.1 billion in sales volume through 360 deals and more than 60,300 units.
Hot Properties highlights recently sold or leased commercial properties in the Charleston region. Send in your transactions using our online form. Other recent commercial real estate transactions include:
Brent Case and Jing “Julia” Donovan of Coldwell Banker Commercial Atlantic represented the landlord, Windsor Hill Flex LLC, in the lease of retail/flex/office space at Suite 4 at 8210 Windsor Hill Blvd. in North Charleston. Hannah Kamba of Coldwell Banker Commercial Atlantic represented the tenant, La Hacienda of West Ashley LLC.
Kristen Krause of Coldwell Banker Commercial Atlantic represented the seller in the sale of 2,500 square feet on 1.29 acres of commercial redevelopment property at 1905 Old Trolley Road in Summerville for $1.5 million. Michael Silverman of TSCG represented the buyer.
Jing “Julia” Donovan of Coldwell Banker Commercial Atlantic represented the tenant, Poke Cafe Tanger Outlet LLC, in the lease of retail space at Tanger Outlet in North Charleston from Masison Plaza LLC. Chase Development Company represented the landlord.
Markus Kastenholz and Remington Beatty of Colliers South Carolina represented the buyer, Triple B Capital LLC, in the sale of retail space at 2400 Gap Road in North Charleston for $2,000,000.
Robert Pratt of Re/Max Pro Realty represented the buyer, RLP LLC and Tricom Associates LLC, in the sale of 10,880 square feet of retail space at 10599 Dorchester Road in Summerville from PRED Pharmacy-Summerville LLC for $1,850,000. Joel Cukier of Ascension Advisory represented the seller.
Patrick Nealon of Colliers South Carolina represented the seller, Arbys Properties LLC, in the sale of 2,600 square feet of retail space at 6124 Rivers Ave. in North Charleston to Abrahim Dabit.
LADSON, S.C. (WCSC) - The Berkeley-Charleston-Dorchester Council of Governments held a public open house Tuesday in Ladson to provide new updates and hear from members of the community on the Lowcountry Rapid Transit.Located at the Lowcountry Rapid Transit lines end, the new location for the proposed park and ride will be at the Exchange Park Fairgrounds in Ladson.The more than 21-mile transit plan is to connect downtown Charleston to the Exchange Park Fairgrounds, where parking for 280 cars will be available.The Berkele...
LADSON, S.C. (WCSC) - The Berkeley-Charleston-Dorchester Council of Governments held a public open house Tuesday in Ladson to provide new updates and hear from members of the community on the Lowcountry Rapid Transit.
Located at the Lowcountry Rapid Transit lines end, the new location for the proposed park and ride will be at the Exchange Park Fairgrounds in Ladson.
The more than 21-mile transit plan is to connect downtown Charleston to the Exchange Park Fairgrounds, where parking for 280 cars will be available.
The Berkeley-Charleston-Dorchester Council of Governments says the location of the park and ride system will be a quick and convenient station for those traveling from surrounding areas to downtown.
“This park and ride will continue to be a critical piece, whether this was the middle line will continue to Summerville or even beyond, folks will still have to drive to this location and park to get on the dedicated guideway,” Lowcountry Rapid Transit Project Manager, Sharon Hollis, says. “But we can get them off of Highway 26, and onto the system to perhaps maybe alleviate some congestion that way.”
The park and ride location was adjusted from the northern end line of downtown Summerville to Exchange Park.
With transit lines ending in Ladson in the current plan, some community members are asking for the routes to be extended to Summerville.
“This needs to go all the way to Summerville, this system has to work,” Best Friends of Lowcountry Transit Executive Director, William Hamilton, says. “There are 300,000 or 400,000 more people coming to our area, there is no possible way, nor is there anything close to the funds necessary to build the necessary roads.
“Congestion will become intolerable unless there are significant efforts made to take some of the burden off of the road system,” he adds.
Hollis says a lot of factors would play into an extension, including funding and demand from those in the area who would use it.
“As we start to build, transit demand from Summerville to this location, we’ll start to have the ability to do that more permanent infrastructure to put the buses and dedicated lane,” she says. “It’s a step process, and we’re just we’re a little further behind than that one.”
Back in March, the Lowcountry Rapid Transit System Project was awarded $100 million in President Biden’s 2024 budget.
“This is the very core of our community; this should remove some of the burden that is on our existing roads, but people need to understand this does not mean that the congestion we have now will disappear,” Hamilton says.
The requested federal funding represents 60% of the project cost, or about $375 million. The anticipated local funding from Charleston County represents 40% of the project cost, or about $250 million.
The Lowcountry Rapid Transit is currently at the halfway mark of the 12-year process with construction expected to begin in 2026.
Copyright 2023 WCSC. All rights reserved.
CHARLESTON COUNTY, S.C. (WCSC) - More than six months after a woman was crushed to death at a Ladson business, officials with the South Carolina Occupation Safety and Health Administration have shared their investigative findings on what they believe the business failed to do.Jessica Birkmire, 53, died at Pegasus Steel in Ladson on Jan. 12 after a large, steel door closed on her, crushing her arm and head, according to the ...
CHARLESTON COUNTY, S.C. (WCSC) - More than six months after a woman was crushed to death at a Ladson business, officials with the South Carolina Occupation Safety and Health Administration have shared their investigative findings on what they believe the business failed to do.
Jessica Birkmire, 53, died at Pegasus Steel in Ladson on Jan. 12 after a large, steel door closed on her, crushing her arm and head, according to the Charleston County Coroner.
OSHA’s investigative report says Birkmire was preparing to unload materials at a large bay door when she reached through a small gap to click the ‘open’ button. She instead clicked the ‘close’ button, and the door shut on Birkmire.
OSHA details how Pegasus Steel did not conduct a ‘job hazard analysis,’ and despite making references to these job inspections, they provided no documentation to prove these risk assessments had been completed.
They say their inspection revealed conditions they believe to be in violation of state health and safety laws, specifically Code 41-15-210, which states “each employer shall furnish to his employees employment and a place of employment which are free from recognized hazards that are causing or are likely to cause death or serious physical harm to his employees.”
The report states this is a ‘serious’ violation.
OSHA’s report goes on to say there is, however, a memo from management sent out last summer that explains how employees were not authorized to walk through the bay doors, according to the report. During investigative interviews, OSHA found employees were routinely walking through these doors, and the report states no disciplinary action was taken.
The Chief Human Resources Officer for Pegasus Steel said in an interview with OSHA officials that Birkmire broke safety codes at the business when she reached through the bay door. The report also details how Birkmire was “headstrong” and that management had told her in the past to “not place her body in places that can hurt her.”
OSHA says the company also should have had sensors in place to detect objects in the door’s path.
OSHA provided Pegasus Steel with tips on how to keep the door from closing on people again including installing sensors. The business is also now ordered to pay a penalty of $3,500.
Officials said in the report they’re currently working on relocating those control buttons that Birkmire pushed. The business did not respond to a request for comment.
Copyright 2023 WCSC. All rights reserved.