With 30 years in the industry

Mortgage Broker in Moncks Corner, SC

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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 Moncks Corner, SC, who can educate you on mortgage rates and provide trustworthy guidance to help you make an informed decision.

My name is Dan Crance - Moncks Corner'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 Moncks Corner, 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 Moncks Corner, SC
 Refinance Moncks Corner, SC

Why Choose Dan Crance As Your Mortgage Lender in Moncks Corner, SC?

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 Moncks Corner, SC

Home Financing in Moncks Corner, SC

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 Moncks Corner, 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 Moncks Corner, Dan Crance will help you choose the home loan, interest rate, term options, and payment plans that fit your unique situation.

 FHA Mortgages Moncks Corner, SC

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.
Ask Dan Anything843-478-5612

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 Moncks Corner, SC.

Refinancing in
Moncks Corner, SC

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 Moncks Corner, SC - 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 Moncks Corner, SC
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 Moncks Corner, SC

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 Moncks Corner, SC, 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 Moncks Corner 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 Moncks Corner, SC

Trust Dan Crance

Your Mortgage Lender in Moncks Corner, SC

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 Moncks Corner loves Classic Home Mortgage.

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Latest News in Moncks Corner, SC

Contractor: Moncks Corner feedstore rebuild will pay homage to century of service

MONCKS CORNER, S.C. (WCSC) - A family-owned business with close to a century of service under its belt will serve a new purpose for incoming restaurants and businesses.Williams Farm Supply closed its doors in 2019 after more than 100 years of business. The building, with some wear and tear, is often described as a memorable site to those who pass over the railroad tracks into town.“This building is not just going to rot away in the weather until nothing can be done about it. Something that has been a landmark here in Monc...

MONCKS CORNER, S.C. (WCSC) - A family-owned business with close to a century of service under its belt will serve a new purpose for incoming restaurants and businesses.

Williams Farm Supply closed its doors in 2019 after more than 100 years of business. The building, with some wear and tear, is often described as a memorable site to those who pass over the railroad tracks into town.

“This building is not just going to rot away in the weather until nothing can be done about it. Something that has been a landmark here in Moncks Corner is still going to be here in a way,’ Mayor Thomas Hamilton Jr. says. “People will be able to come here and remember. This is history.”

The store, built in the 1920s, was a one-stop shop for farmer needs. Inside, remnants of seed labels line the wood paneled walls, and order slips pour across the floor.

“There was a lot of farming around here, and farm supplies would make quite a business on the back area here,” Businessowner Manuel Cohen says.

Cohen is the second to own Barron’s Department Store, one of many other local-centric businesses on East Main Street. His shop is celebrating 101 years of service.

Many like Cohen remember the Williams family, not only for their supply, but also their hospitality.

“The Williams family has been here years and years. He (Buster Williams) had land all over. I’d see him at the county building, he’d look up and knew where all the land was. I enjoyed him very much, I like characters.”

The feedstore will be developed through Carolina Contracting Solutions LLC. It would rebuild the store in the exact same way as its former glory but with updated materials. The inside would have enough room to house five tenants.

Contractors hope to pay homage to the Williams’ three generations of service by including old machinery, like cash registers, safes and other items left behind, in the new rendering.

Some community members recommended using the new spaces to honor the late feedstore owner, Rusty Williams, who passed away four months before the shop closed.

“This area fits into our downtown redevelopment. When you look around and drive by, you may say ‘that is a rundown site.’ Once it’s revitalized it’s going to fit into what we have downtown,” Hamilton says. “It would probably be easier for the developer to take it down to nothing and start over. But you get an instant connection with the community.”

Project leaders expect the construction to cost around $1 million. They aim to complete the space by April 2025.

Copyright 2024 WCSC. All rights reserved.

Santee Cooper Recovering from Hurricane Helene

Work continues on utility's transmission and distribution systems. Spilling begins at the Santee Dam.MONCKS CORNER, S.C. – As of 6 a.m. today, Santee Cooper went to Operating Condition (OpCon) 1 alert status. Hurricane Helene created a significant event on the Santee Cooper electric system. Damage assessment and restoration are ongoing and expected to last several days.Approximately 2 million South Carolinians depend on the state-owned electric and water utility as their power source, either directly or through the state&...

Work continues on utility's transmission and distribution systems. Spilling begins at the Santee Dam.

MONCKS CORNER, S.C. – As of 6 a.m. today, Santee Cooper went to Operating Condition (OpCon) 1 alert status. Hurricane Helene created a significant event on the Santee Cooper electric system. Damage assessment and restoration are ongoing and expected to last several days.

Approximately 2 million South Carolinians depend on the state-owned electric and water utility as their power source, either directly or through the state’s electric cooperatives.

“Hurricane Helene caused significant damage to our transmission system in the western part of the state, which primarily provides electricity to the state’s electric cooperatives as well as one industrial and one municipal customer. Our crews are responding to outages as quickly as we safely can, and we’re working alongside our partners at the electric co-ops to restore the transmission service to their substations,” said Vicky Budreau, Chief Customer Officer.

As of 11 a.m. today, Santee Cooper’s transmission system experienced a total of 48 transmission power lines locked out and 116 delivery points impacted because of the storm. We are patrolling the system with helicopters and ground crews to complete our damage assessment. Santee Cooper anticipates all delivery points will be energized by Monday night.

In our retail service territory, approximately 6,700 residential and commercial customers lost power. (Approximately 4,200 customers were without power at the peak.) A majority of the damage was due to high winds, downed trees, and tree limbs on power lines.

Santee Cooper customers who experience a power outage at their home or business should follow the steps below:

Increased rainfall in the Santee Cooper watershed because of Hurricane Helene and upstream lake operations resulted in increased inflows into the Santee Cooper lake system. Santee Cooper began spilling operations at a rate of 20,000 cubic feet per second (8,976,650 gallons per minute) to keep lake levels below the FERC operating license maximum elevation.

System Operations will continue to monitor rainfall projections and inflows into the Santee Cooper lake system and provide updates as conditions change.

Santee Cooper

Santee Cooper has served the people of South Carolina for 90 years. Santee Cooper is the state’s largest power provider and the ultimate source of electricity for 2 million people across the state. It also provides clean drinking water to more than 200,000 people. Through its affordable, reliable and environmentally responsible electricity and water services, and through innovative partnerships and initiatives that attract and retain industry and jobs, Santee Cooper helps power South Carolina. To learn more, visit www.santeecooper.com and follow #PoweringSC on social media.

Berkeley Co. residents getting federal disaster loan relief starting this week

Published: Sep. 23, 2024 at 3:56 AM PDT|MONCKS CORNER, S.C. (WCSC) - Berkeley County residents are getting a new financial aid resource to help mitigate the negative effects of Tropical Storm Debby.Berkeley and Orangeburg County residents can apply for disaster loans starting Tuesday. The loans are for underinsured and uninsured homes and businesses that were hit with damage...

Published: Sep. 23, 2024 at 3:56 AM PDT|

MONCKS CORNER, S.C. (WCSC) - Berkeley County residents are getting a new financial aid resource to help mitigate the negative effects of Tropical Storm Debby.

Berkeley and Orangeburg County residents can apply for disaster loans starting Tuesday. The loans are for underinsured and uninsured homes and businesses that were hit with damage from floodwaters. The owners of underinsured properties, like homes without flood insurance coverage or with high deductibles, are eligible to apply.

This comes after Governor Henry McMaster’s Sept. 16 request to the U.S. Small Business Administration. McMaster asked the administration to grant a disaster loan relief program following the heavy rain in the Lowcountry in August. The administration required at least 25 homes in the counties with a minimum of 40% uninsured or underinsured loss. The counties did not meet the damage criteria for the Individual Assistance program by the Federal Emergency Management Agency.

Berkeley County Emergency Management department officials say the county worked to get the administration loan program to provide another disaster relief avenue for residents in need. Berkeley County Emergency Management Director Will Rochester says the program also offers preventative services for future emergencies.

“There’s something you can do at your house that can prevent flooding damage or prevent another type of damage to really reduce or lessen the impact of a future disaster,” Rochester says. “Because we know disasters and emergencies will continue… sometimes with warning… sometimes without warning.”

Officials say the largest amount of rain came into Moncks Corner and extended into the Cane Bay and Cordesville areas. McMaster’s request highlights that several areas saw plenty of rain, like how Moncks Corner saw over 22 inches. Holly Hill in Orangeburg saw over 11 inches of rain.

Officials saw a large amount of flood damage between 10 and 11 o’clock at night until the morning when those rains came. Rochester says they saw around 100 road closures and 30 rescues.

“With rescues, with road closures, with people stuck in their neighborhoods so a lot of the damage came from that related to flooding,” Rochester says. “Whether it was water getting into people’s homes and kind of standing in their homes or roof damage or ceiling damage or even some mold that we’re seeing now because it’s been so long and we’ve had to go through this kinda long process.”

The loan program extends to Aiken, Bamberg, Barnwell, Calhoun, Charleston, Clarendon, Colleton, Dorchester, Georgetown, Lexington and Williamsburg counties. Orangeburg County residents can visit the Bowman Library starting Tuesday from 11 a.m. to 6 p.m. Residents can apply at the library from Monday to Friday from 9 a.m. to 6 p.m. or on Saturdays when the library will be open from 10 a.m. to 2 p.m.

Berkeley County residents can visit the Berkeley County Administration building starting Tuesday from 11 a.m. to 6 p.m. The center will open on Mondays to Fridays from 9 a.m. to 6 p.m. Saturdays, it will be open from 10 a.m. to 2 p.m.

The loan program centers close permanently Oct. 9 at 4 p.m. Emergency Management officials say residents can still apply until after on-site closure. Applications for relief from physical property damage must be turned in by Nov. 18. Economic injury applications can come in until June 18 of next year.

More application information is available here. People can also call SBA’s Customer Service Center at (800) 659-2955 or contact them via email at disastercustomerservice@sba.gov.

Copyright 2024 WCSC. All rights reserved.

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