Prosperity Home Mortgage

Our Preferred Lenders

Arlene M Hiott
Arlene M Hiott
Realtor® License ID: 78551

+1(843) 514-8522

100 Crowfield Blvd., Creek, SC 29445

https://arlenehiott.agentowned.com

A Realtor That Finds You the Right Home, Not a House
As a native Charlestonian, Arlene Hiott knows the value of owning the home that is perfect for you.  She goes above and beyond to make that happen. Knowing the area so well makes that task easier than most.
Her bubbly, outgoing personality makes it a joy to work with her during, what can be, a difficult process.
Arlene has a complete and happy home life, surrounded by her two beautiful children and her wonderful husband. She is very proud of her wonderful granddaughter, Charlee Beth, who she loves to spend time with and spoil whenever she gets the chance. Being an animal lover, she, also, has three lovable dogs that keep her smiling. When she is not helping others with real estate, she enjoys spending time with her family doing such fun things as fish, hunting and shopping.
The best thing you can do is to contact Arlene for all of your real estate needs.
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Arlene.Hiott@AgentOwnedRealty.com  |  (843) 514-8522

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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