With 30 years in the industry

Mortgage Broker in Surrounding Lexington, 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 Surrounding Lexington, SC, who can educate you on mortgage rates and provide trustworthy guidance to help you make an informed decision.

My name is Dan Crance - Surrounding Lexington'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 Surrounding Lexington, 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 Surrounding Lexington, SC
 Refinance Surrounding Lexington, SC

Why Choose Dan Crance As Your Mortgage Lender in Surrounding Lexington, 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 Surrounding Lexington, SC

Home Financing in Surrounding Lexington, 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 Surrounding Lexington, 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 Surrounding Lexington, Dan Crance will help you choose the home loan, interest rate, term options, and payment plans that fit your unique situation.

 FHA Mortgages Surrounding Lexington, 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 Surrounding Lexington, SC.

Refinancing in
Surrounding Lexington, 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 Surrounding Lexington, 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 Surrounding Lexington, 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 Surrounding Lexington, 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 Surrounding Lexington, 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 Surrounding Lexington 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 Surrounding Lexington, SC

Trust Dan Crance

Your Mortgage Lender in Surrounding Lexington, 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 Surrounding Lexington loves Classic Home Mortgage.

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Latest News in Surrounding Lexington, SC

Lexington, SC – Fatal Car Crash on South Lake Drive Near Bluefield Rd

Lexington, SC (October 20, 2024) – A tragic car crash occurred in Lexington County on Saturday morning, resulting in one fatality and three injuries. The incident took place just before 9:30 a.m. on South Lake Drive in the Red Bank area, according to the South Carolina Highway Patrol.Preliminary investigations indicate that a 2016 Dodge van was traveling west on South Lake Drive when it collided with a 2019 Dodge pickup truck heading east. The collision led to significant injuries for the occupants of the van, w...

Lexington, SC (October 20, 2024) – A tragic car crash occurred in Lexington County on Saturday morning, resulting in one fatality and three injuries. The incident took place just before 9:30 a.m. on South Lake Drive in the Red Bank area, according to the South Carolina Highway Patrol.

Preliminary investigations indicate that a 2016 Dodge van was traveling west on South Lake Drive when it collided with a 2019 Dodge pickup truck heading east. The collision led to significant injuries for the occupants of the van, who were transported to a local hospital. Unfortunately, the driver of the van succumbed to their injuries at the hospital. The Richland County Coroner’s Office has not yet publicly identified the deceased.

The driver of the pickup truck was also taken to the hospital for treatment of injuries sustained in the crash. At this time, the specific details regarding how the two vehicles collided have not been disclosed, and the investigation into the circumstances surrounding the incident is ongoing.

Our thoughts are with the families and friends affected by this unfortunate accident.

Car Accidents in South Carolina

Car accidents in South Carolina can have devastating consequences, often resulting in serious injuries or fatalities. Each year, numerous individuals are involved in traffic collisions across the state, highlighting the critical importance of road safety and awareness among drivers.

Many accidents are caused by factors such as distracted driving, speeding, and driving under the influence. It is essential for all motorists to remain vigilant and adhere to traffic laws to prevent such tragic outcomes. In particular, intersections and roadways with heavy traffic can be particularly hazardous, making it crucial for drivers to exercise caution.

If you or a loved one has been involved in a car accident, understanding your legal rights is essential. Victims of accidents may be entitled to compensation for medical expenses, lost wages, and other damages resulting from the incident. Seeking guidance from a knowledgeable personal injury attorney can help ensure that your rights are protected and that you receive the support you need during this challenging time.

Local Accident Reports is your trusted resource for post-accident support. We’ve compiled essential information and resources for accident victims like you. Get the assistance you need to handle this challenging situation and move forward. We’re here to support your recovery process with valuable resources and information. Contact us today to learn how we can assist in your recovery journey.

Helene increases traffic at Lexington gas stations

Lexington County residents are still recovering from Helene, many are still with out power and gas stations are seeing a shortage of fuel.LEXINGTON, S.C. — The town of Lexington and the town of Irmo still have an abundance of homes and businesses without power in the aftermath of Helene.Raven Rodriguez lives in Augusta and is on his fourth trip to ...

Lexington County residents are still recovering from Helene, many are still with out power and gas stations are seeing a shortage of fuel.

LEXINGTON, S.C. — The town of Lexington and the town of Irmo still have an abundance of homes and businesses without power in the aftermath of Helene.

Raven Rodriguez lives in Augusta and is on his fourth trip to Lexington for supplies. He says gas, ice and groceries are a priority for his family and friends as they are being told they won't have power for weeks.

“I’ve been going back and forth with like nine gas cans, filling them up bringing them back to my friends and telling them, 'Hey, look I found some gas stations, you know? So hopefully this help you out,'" Rodriguez said. "So, now we’re doing water next and food supplies, so we’re just doing runs back and forth to Augusta.”

RELATED: Looking for resources in SC after Helene? Start here

Albert Robinson lives in Saluda. He drove around his hometown, then over to Batesburg-Leesville and finally found gas in Lexington.

“This is about the fifth station, and all up through Lexington nobody has no gas whatsoever, so we just kept riding and riding, and we saw weren’t no cars out here, so I pulled out here to see if there was any gas," Robinson said. "So, we just got lucky. We finally got a fill up of gas, and I got some extra for my generator. So at this point, we’re good to go for now cause there’s no electricity in Batesburg-Leesville or Saluda.”

RELATED: Dominion Energy gives county-by-county update on how long it might to take to restore nearly all power

Viren Patel owns Friarsgate Supermart. He lost power last week, causing many of his products such as meats, frozen and refrigerated goods to go bad.

He says that in over 15 years of his business he has never had such a big loss.

“I had to throw away a lot of the frozen items that I had, close to $7,000-$8,000 worth of frozen items I had to throw away," Patel said. "I still had to throw away some stuff, which is like ice cream. I got a delivery on Wednesday, Tuesday with my frozen items and then the lights went off.”

Dominion Energy says they expect 95% restoration in Lexington County by October 3rd at 11pm.

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