Prosperity Home Mortgage

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Liz Butler
Liz Butler
Realtor® License ID: 89552

+1(843) 367-6604

902 Savannah Hwy, Charleston, SC 29407

https://lizbutler.agentowned.com

"Key to All of your Real Estate Needs"!
 Thank you for taking the time to visit my profile page for Agent Owned Realty.  For a little about myself, I have lived in South Carolina all of my life and moved here to Charleston in 1995 from a small farming town near Aiken, SC.  That being said I have a bit of a southern accent that has not left me in the 20+ years that I have lived here.  In those 20+ years, I have lived on both Folly Beach and James Island and have loved both equally.  My first years here were spent owning and operating a very successful restaurant on James Island and it is here where I call home today.  I love any activity that involves the water, salt or fresh water or just anything outdoors.  Some of my favorite past times include boating, kayaking, fishing and horseshoes.
I feel that having the right real estate agent means having an agent who is committed to helping you buy or sell your home with the highest level of expertise in the local market.  This also means to help you in understanding each step of the buying or selling process.  This commitment level has helped me build a remarkable track record of delivering results as you will see in my testimonials.
I am a member of the National Association of Realtors (NAR) as well as the Charleston Trident Association of Realtors (CTAR). 
Whether you are buying or selling let me make your real estate transaction a great experience.

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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