Prosperity Home Mortgage

Our Preferred Lenders

Donna M Urban
Donna M Urban
Agent License ID: 29538

+1(843) 830-2913

902 Savannah Hwy, Charleston, SC 29407

https://donnaurban.agentowned.com

"HASSLE FREE HOMES" Top Producer since 1994 Million Dollar Club Esprit de Corps Award Education: Bus. Admin. w/minors in Acctg., DP Certificate(s) of Professionalism for Continuing Education Accredited Buyer Representative (ABR) Ceritified in Feng Shui Home Staging RESA Member (Real Estate Staging Assoc.) Certifications: Relocation Specialist New Construction Specialist GRI Candidate Million Dollar Club Charleston Top Producers Club Realtor since 1986. Over 10 years of participation on Realtor's Grievance Committee and Professional Standards Panel (served as vice chair and chair). Property Management since 1983. Previous Background in Accounting- Corporate, Manufacturing & Insurance; Customer Service/Front End Mananger in Grocery Business Sales: Jewelry, Retail Insurance Relocated to SC from New England in October 1983. Married to Marine Corps Veteran Residential Real Estate, Land, Investments, Relocation: Military & Professional, Blue Collar Commercial Real Estate Property Management Areas Served: Greater Charleston -including Charleston, Dorchester and Berkeley Counties: West Ashley, Downtown, West (James, Johns(Seabrook, Kiawah), Folly Beach, Wadmalaw, Yonges, etc) Islands, Hollywood, Ravenel, Meggett, Edisto, Green Pond, Mount Pleasant and East (Sullivans, Isle of Palms, Daniel) Islands, Cainhoy, Wando, Awendaw, McClellanville, North Charleston, Summerville, Goose Creek, Ladson

Mortgage Help

Down Payment

The typical rule of thumb is to pay 20 percent of the home's price as your down payment, although some mortgage loans require as little as 3.5 percent down. Your down payment reduces the total amount of your mortgage loan, so the more money you put down, the lower your payments will be - or the more expensive a house you can buy.

Loan Term

Your loan program can affect your interest rate and monthly payments. Choose from 30-year fixed, 15-year fixed, and more in the calculator.

Loan Type

There are several types of mortgage loans, but the most commonly used are fixed-rate and adjustable-rate loans. Fixed-rate loans have the same interest rate for the entire duration of the loan. That means your monthly payment will be the same, even for long-term loans, such as 30-year fixed-rate mortgages. Two benefits to this loan type are stability, and being able to calculate your total interest up front. Adjustable-rate mortgages (ARMs) have interest rates that can change over time. Typically they start out at a lower interest rate than a fixed-rate loan, and hold that rate for a set number of years, before changing interest rates from year to year. For example, if you have a 5/1 ARM, you will have the same interest rate for the first 5 years, and then your interest rate will change from year to year. The main benefit of an adjustable-rate loan is starting off with a lower interest rate.

Interest Rate

This field is pre-filled with the current average mortgage rate. Your actual rate will vary based on factors like credit score and down payment.

Property Tax Rate

The mortgage payment calculator includes estimated property taxes based on the home's value. You can edit this in the advanced options.

Home Insurance

Home insurance or homeowners insurance is typically required by lenders, depending on the loan program. You can edit this number in the mortgage calculator advanced options.

HOA Fees

A homeowners association fee (HOA fee) is an amount of money that must be paid monthly by owners of certain types of residential properties, and HOAs collect these fees to assist with maintaining and improving properties in the association.

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