With 30 years in the industry

Mortgage Broker in Daniel Island, FL

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Classic Home Mortgage Providing Trustworthy Mortgage Guidance for Over 30 Years

Buying a home is one of the most significant investments that you will ever make. Like most good things, finding the perfect home comes with a lot of work. From your initial search online to your home tour and finally closing, there are many difficult decisions to make along the way. The bottom line is that the entire home buying process can be very stressful, especially when it comes to finding the right mortgage broker and loan for your new home. Since market conditions and mortgage programs change frequently, you have a lot riding on your broker's ability to provide quick and accurate financial advice. Whether you're a first-time homebuyer or own several residential properties, you need a mortgage broker in Daniel Island, FL, who can educate you on mortgage rates and provide trustworthy guidance to help you make an informed decision.

My name is Dan Crance - Daniel Island's most trusted mortgage loan officer with more than 30 years in the mortgage industry. I bring unparalleled insight and decades of experience into your home loan process. If you're looking for a new home loan, are interested in refinancing your current mortgage, or need information regarding FHA, VA, or other types of loans, Dan Crance is Your Mortgage Man.

Unlike some mortgage loan officers in Daniel Island, my primary goal is to help you make the right mortgage choice for you and your family. Mortgage lenders have a horrible reputation for turning over clients quickly to expedite cash flow and make the most money possible. While some mortgage brokers come off as pushy and impatient, I encourage my clients to take as much time as they need to ask questions and review their mortgage agreements. I'm here to help answer those questions and provide you with easy-to-understand advice so that you can rest easy knowing you made the right choice. I could say that I strive to provide service that exceeds your expectations, but I'd rather show you. In the end, I want you to leave feeling confident in the loan you've selected, as well as in your choice of broker.

Service Areas
Mortgage Broker Daniel Island, FL
 Refinance Daniel Island, FL

Why Choose Dan Crance As Your Mortgage Lender in Daniel Island, FL?

Clients choose my mortgage company because I truly care about helping them navigate the often-confusing landscape of the mortgage process. I am fiercely dedicated to my clients and make every effort to provide them with trustworthy advice and an open line of communication.

In my business, I work for two different customers. On one hand, I have the buyer: the person entrusting me with the responsibility of guiding them through one of the most important decisions ever. Serving homebuyers is not a task that I take lightly. I work with them daily to help them through the process and provide timely updates and news on their mortgage status. On the other hand, I have the realtor: the person who works with my client to find their dream home. Since their commission is in my hands, working with realtors is also a very important task. I update these agents on the status of their customers weekly. Only when I take care of both parties can I say my job as a mortgage loan officer is complete.

As a mortgage broker with more than 30 years of experience, I pledge to give you the highest level of customer service while providing you with the most competitive loan products available. That way, you can buy the home of your dreams without second-guessing your decision.

Ask Dan Anything843-478-5612
 Conventional Mortgage Daniel Island, FL

Home Financing in Daniel Island, FL

At Classic Home Mortgage, our team works diligently to close on time without stress or hassle. Whether you're a seasoned homeowner or are buying your new home in Daniel Island, we understand how much stress is involved. Our goal is to help take that stress off of your plate by walking you through every step of the home loan process. Because every one of our clients is different, we examine each loan with fresh eyes and a personalized approach, to find you the options and programs you need.

With over 30 years as a mortgage professional in Daniel Island, Dan Crance will help you choose the home loan, interest rate, term options, and payment plans that fit your unique situation.

 FHA Mortgages Daniel Island, FL

When you work with Classic Home Mortgage, you can always count on our team to:

  • Put your needs first.
  • Work efficiently and quickly. Many of our home loans close in 30 days or less.
  • Offer you a variety of home loans to choose from, and help you make an informed decision.
  • Provide you with competitive rates that make sense for your budget and lifestyle.
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While no two loan terms are the same, a few of the most common loan types include:

30-Year Loan - This loan is often considered the most secure option to choose. With a 30-year loan, you can lock in a low payment amount and rest easy knowing your rate won't change.

FHA Loan - If you're not able to make a large down payment, an FHA loan could be the right choice for you. With an FHA loan, many of our clients have successfully purchased a home with less than 4% down.

VA Loan - This loan is reserved for military veterans and active-duty men and women. Those who qualify may be able to purchase a home with no down payment and no Private Mortgage Insurance (PMI).

Choosing a home loan is an important step in the home buying process. At Classic Home Mortgage, we are here to make choosing a loan as easy as possible, so you can focus on the joys of being a homeowner. Contact our team of experts today and ask how you can get pre-qualified for your home loan in Daniel Island, FL.

Refinancing in
Daniel Island, FL

Because home mortgage rates in the U.S. have been so low over the last year, many current homeowners are opting to refinance their home loans. Simply put, refinancing is replacing your existing mortgage with a different mortgage under new terms. Homeowners who refinance their homes enjoy lower interest rates, lower monthly payments, and even turn their home's equity into cash. If you're interested in refinancing your home, it all begins with a call to your mortgage broker in Daniel Island, FL - Dan Crance.

Here are just a few reasons why more homeowners in the U.S. are taking advantage of lower rates and refinancing their homes:
 Home Ready Mortgages Daniel Island, FL
Shorter Term Loan

Shorter Term Loan

Refinancing from a 30-year to a 15-year mortgage might seem counterproductive on the surface because your monthly payment usually goes up. However, interest rates on 15-year mortgages are lower. And when you shave off years of your previous mortgage, you will pay less interest over time. These savings can be very beneficial if you are not taking the mortgage interest deduction on your tax returns.

Do Away with FHA

Do Away with FHA

FHA loans are notorious for paying premiums for the life of the loan. Mortgage insurance premiums for FHA loans can cost borrowers as much as $1,050 a year for every $100k borrowed. The only way to get rid of mortgage insurance premiums is to refinance to a new loan that the Federal Housing Authority does not back.

Switch to Fixed Rate or Adjustable-Rate Home Loan

Switch to Fixed Rate or Adjustable-Rate Home Loan

Sometimes, borrowers with adjustable-rate mortgages refinance so they can switch to a fixed rate, which lets them lock in an interest rate. Doing so is beneficial for some homeowners who like to know exactly how much their monthly payment is each month. Conversely, some homeowners with fixed rates prefer to refinance to an adjustable-rate mortgage. Homeowners often go this route if they plan on selling in a few years and don't mind risking a higher rate if their plans fall through.

 Mortgage Banker Daniel Island, FL

Common Questions About Home Loans

Finding the right loan can be a difficult proposition, even if you have been through the process before. This is especially true since mortgage rates and market conditions change frequently. If you're like most of my clients, you probably have questions about interest rates, refinancing options, and a litany of other topics. To help alleviate some of your stress, here are just a few common questions with answers so that you can better educate yourself as we work our way to securing your loan.

Generally speaking, you should consider refinancing when mortgage rates are 2% lower than the current rate on your home loan. For some homeowners, refinancing makes sense when there is only a 1% difference. Reducing your mortgage rate is a great way to save money or apply your savings to a home upgrade. The money you save on your refinanced loan depends on your loan amount, budget, income, and charges from interest rates. It's crucial that you work with a trusted mortgage loan officer in Daniel Island, FL, to help calculate your refinancing options.
This is one of our most frequently asked questions at Classic Home Mortgage. In simple terms, points let you make a tradeoff between the upfront costs of your loan and your monthly payment amount. Points are essentially costs that you have to pay to your mortgage lender to get financing under specific terms. A point is defined as a percentage on your loan amount. 1-point is equal to 1% of the loan. So, 1 point on a loan worth $100,000 is equivalent to $1,000. When you pay some of the interest on your home loan upfront, you use discount points to lower your interest rate.
If you plan to live in the property for a few years, it makes a lot of sense to pay points to lower your interest rate. Doing so will help lower your monthly loan payment, which you can use to save money. Paying points may also increase the amount of money that you can borrow. If you do not plan on living in the property for at least a few years, this strategy might not make financial sense because you might not be able to make up the amount of the discount points you paid up-front.
In short, yes, your mortgage lender will need to know your credit score. Credit scoring is a system that creditors use to decide whether they will give you credit. Your credit score helps creditors decide how creditworthy you are or how likely you will repay your loan. In most circumstances, creditors will use your FICO scores during the loan process. Your score will fall between high risk (350) and low risk (850). Your credit score plays a big role in the loan process, and as such, your score must be accurate before submitting a credit report when applying for a loan.
The answer to this question depends on how money you choose to put as a down payment on your home. On a conventional loan, if your down payment is less than 20% of the price of your home, your mortgage broker in Daniel Island may require you to get Private Mortgage Insurance or PMI for short. This insurance protects your lender in the event you default on your mortgage. The best way to avoid paying for this insurance is to make a down payment of 20% or more of the purchase price of your home.
 Mortgage Company Daniel Island, FL

Trust Dan Crance

Your Mortgage Lender in Daniel Island, FL

Whether you're selling, buying, refinancing, or building the home of your dreams, you have a lot riding on your home loan specialist. When you need a mortgage broker who works tirelessly for you, answers your questions, provides guidance, and does so with a genuine smile, Dan Crance is your mortgage man. Contact Dan today at 843-478-5612 to get pre-approved and discover why Daniel Island loves Classic Home Mortgage.

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Latest News in Daniel Island, FL

Writing Their Second Chapter

Retirees flock to Daniel Island for the climate, culture, and communityTalk to retirees from the Northeast, and they say they are flocking to Daniel Island, drawn by its slower pace, lower cost of living, welcoming culture, and year-round outdoor activities.Trading snow shovels for sandy shores, they’re leaving hectic city life behind for the sunny laxity of the Lowcountry.The once-hectic pace of life up north is giving way to calm days spent biking local trails, exploring waterfront parks, and joining a community ...

Retirees flock to Daniel Island for the climate, culture, and community

Talk to retirees from the Northeast, and they say they are flocking to Daniel Island, drawn by its slower pace, lower cost of living, welcoming culture, and year-round outdoor activities.

Trading snow shovels for sandy shores, they’re leaving hectic city life behind for the sunny laxity of the Lowcountry.

The once-hectic pace of life up north is giving way to calm days spent biking local trails, exploring waterfront parks, and joining a community that feels like an “adult college.”

While Daniel Island has seen families, young professionals, and singles move in, retirees are also coming in substantial numbers.

According to AARP, seniors are on the move often to be closer to their children and, in some cases, grandchildren who have moved south for job opportunities. For these grandparents, the attraction of Charleston extends beyond the beauty of the region and into the chance to be near family.

According to a new report on migration trends from the online moving-services marketplace Hire A Helper, more than 338,000 U.S. residents retired to a new home in 2023, which marks a 44 percent jump from 2022, making it the highest number in three years.

About a quarter of retiree relocations crossed state lines, with Florida ranking as the top destination for the second straight year. About 11 percent of such moves were to the Sunshine State. South Carolina, which did not make the top 10 in 2022, is now a close second, drawing 10 percent of retirement moves.

“My guess is it’s probably due to cost,” said Miranda Marquit, a consumer advocate and spokesperson for Hire A Helper, of the Palmetto State’s ascent. With the cost of living rising in Florida, particularly housing and homeowners’ insurance, “more folks are looking for someplace that’s also warm but maybe isn’t as expensive.”

Better weather and healthier living

The climate is perhaps the most appealing aspect for these newcomers. In the Northeast, frigid winters, unpredictable spring weather, and short, humid summers can make the outdoor lifestyle difficult.

But Charleston’s milder winters and abundant sunshine make outdoor activities possible almost every day of the year. Whether it’s taking a brisk morning walk around Smythe Lake, cycling down Daniel Island’s scenic trails, or joining a local golf club, active retirees find countless ways to stay healthy and energized.

“I chose DI because of the community and the lifestyle,” said Scott Noonan, who is originally from Boston. “I loved the idea of everything being accessible by bike and by foot, as well as all the greenspace and community organized events. Once I moved here, I was pleasantly surprised at the friendly nature of all the residents. When I tell my friends about DI, I tell them it’s like adult college. We all came here with intention for a specific kind of life, so immediately, we all kind of get each other.”

Daniel Island’s abundance of parks, nature trails, and waterfront areas encourages a lifestyle that keeps seniors active. Unlike up north, where the long winters often keep people indoors, the climate here promotes physical activity, which in turn leads to better overall health and a stronger sense of well-being for seniors.

“We moved here on a whim six years ago,” Mary Ann Forrester said. “We came to watch tennis. We loved the people, friendliness, surroundings. After about three days, my husband said, ‘Why don’t we live here?’ Sold our house, got an apartment here. Love the trails, walks, bike rides, restaurants, shops. Feel like we’re still on vacation. We love it.”

Discovering new hobbies

For many retirees, Daniel Island is a place to discover new passions or revisit old ones. The community offers a wide array of classes, clubs, and events that foster creativity and social connection. Local art studios, cooking classes, and music events encourage retirees to pursue interests they might not have had time for during their working years.

Pickleball has seen a major surge in popularity among seniors on Daniel Island. The sport is easy to pick up, fun, and a great way to meet people, making it the perfect hobby for retirees seeking activity and camaraderie. Whether it’s pickleball, tennis, beekeeping, book clubs, or boating, the wide range of activities fosters a sense of belonging and fulfillment.

“We moved to DI in 2020,” said Elaine Cechak, originally from Maryland. “We moved to DI because we loved the community, and both our girls and grandchildren lived here. We love being able to be outside playing tennis year-round.”

Southern hospitality and relaxed lifestyle

The relaxed pace of life in Charleston and its surrounding areas like Daniel Island is another major draw for retirees. In contrast to the often hurried and stressful lifestyle in the Northeast, Charleston can offer a gentler, more easygoing atmosphere. The genuine warmth and hospitality of the local people have made northern retirees feel right at home.

“It was a planned decision, and based on our criteria, it had to be a half hour or less to the beach, an airport, and a city – for the history, culture, and food,” said Karen Wrightington Amatuzzo, who moved to DI from New York in August of 2020. “We live on DI, and we love it here. We had visited friends who had a place on DI (not full-time residents), so it was on our radar, but we looked all around but just kept being drawn to DI. It is so relaxing and laid back.”

Affordable living and high-quality cuisine

Another attraction for retirees is the relatively affordable cost of living compared to northern metropolitan areas. While Charleston and Daniel Island are not cheap by South Carolina standards, transplants say they offer a good balance of value and quality of life. Homeowners can sell property in high-cost areas like New York or Boston and get more for their money here.

Charleston’s renowned food scene also has much to offer, from fresh seafood to Southern comfort food and inventive fine dining. New restaurants pop up regularly, and many feature locally sourced ingredients. For retirees who enjoy dining out or sampling local cuisine, Charleston’s offerings keep things exciting and delicious.

Closer to family

Many northern retirees have children who have moved south for work opportunities and warmer weather, and as families grow, retirees often want to be closer to their grandchildren.

For many new retirees, moving to Charleston and Daniel Island isn’t just about the lifestyle, but about being present for important family milestones and supporting their families nearby. This proximity allows them to enjoy activities like taking the grandkids to local parks, beaches, and other family-friendly attractions.

“We retired from Chicago nine years ago,” Anita Koszyk said. “We followed our daughter to DI to be closer to her. I’ve been very active and involved in Charleston since we moved here. I volunteer at Historic Charleston Foundation Spring House tours, volunteer at DI Library, and Charleston County Parks. I play Mahjong, exercise Senior Fitness at the rec center, and I attend Center for Creative Retirement lectures.”

Pam and Ray Miller, originally from Virginia, also moved here with a little nudge from their daughter.

“Our eldest daughter traveled frequently to Charleston for work, and I was lucky enough to come down with her a few times, just when we were starting to plan retirement,” Pam Miller said.

“Both my husband and my parents had retired to golf communities in Florida, and we knew that was not the direction we were heading. Not enough going on, and everything required driving! I had heard of Daniel Island and liked what we heard, so we rented for six months at Simmons Park to test drive our decision and bought our condo midway through that experience.”

“I started considering moving to be closer to family,” said Shelly Pierce, who is originally from Ohio but most recently lived in North Carolina. “I did not want to go back to Ohio. My son and his wife live in Alaska, and while I love going there, I knew I would not want to be there all year long. The bright side, my daughter lives in Charleston, where she is at MUSC in dental school. I began looking into 'over 55 communities,' and my daughter confirmed that Daniel Island would be wonderful for me. I have found Daniel Island to be both beautiful and friendly. I love walking the neighborhood sidewalks – the charming homes, the ponds, and the parks. I can even walk to the library on the walking trail! And I am especially happy to be able to see my daughter often and have her dog, Teddy, come and visit.”

From the sunny skies to the welcoming community, Daniel Island and surrounding areas can provide a fulfilling lifestyle for retirees looking for a slower pace and a stronger sense of connection. With opportunities for outdoor activities, new hobbies, and meaningful family time, northern retirees are settling in for a new chapter in the Lowcountry – one that’s as warm and rewarding.

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