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

My name is Dan Crance - Charleston'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 Charleston, 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 Charleston, SC
 Refinance Charleston, SC

Why Choose Dan Crance As Your Mortgage Lender in Charleston, 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.

 Conventional Mortgage Charleston, SC

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

 FHA Mortgages Charleston, 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.

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 Charleston, SC.

Refinancing in
Charleston, 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 Charleston, 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 Charleston, 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 Charleston, 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 Charleston, 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 Charleston 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 Charleston, SC

Trust Dan Crance

Your Mortgage Lender in Charleston, 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 Charleston loves Classic Home Mortgage.

After hours by appointment only. CONTACT DAN

Latest News in Charleston, SC

Andolini’s celebrates 30 years of pizza this month

New York-style pizza joint Andolini’s Pizza celebrates 30 years of serving Charlestonians this month with rotating daily specials and live events now through Dec. 31.On Mondays, guests can get any specialty pizza for $19.92, a testament to the year the restaurant opened. Individual chicken wings are just 75 cents on Tuesdays. Sing your heart out Wednesday evenings with karaoke from 6-9 p.m. Thursdays and Fridays are family night with a free beverage and dessert offered for children younger than 12 years old. Dance to music playe...

New York-style pizza joint Andolini’s Pizza celebrates 30 years of serving Charlestonians this month with rotating daily specials and live events now through Dec. 31.

On Mondays, guests can get any specialty pizza for $19.92, a testament to the year the restaurant opened. Individual chicken wings are just 75 cents on Tuesdays. Sing your heart out Wednesday evenings with karaoke from 6-9 p.m. Thursdays and Fridays are family night with a free beverage and dessert offered for children younger than 12 years old. Dance to music played by a DJ every Saturday night this month from 7-10 p.m.

You can indulge in two slices of pizza and a Pabst Blue Ribbon or soft drink for $8 or a one-topping slice of pizza, salad and soft drink for $10 every day of the week.

Michael Rabin and his wife Edie opened Andolini’s in 1992 on Wentworth Street in downtown Charleston. Twelve years later, David and Mindy Odle joined the team as partners. The Rabins and Odles have since stepped away from the franchise at the beginning of this year, leaving it in the hands of Tom Milligan, David’s longtime accountant.

In the 30 years since its inception, the pizza place has been a gathering spot for many, including families, high school teens and local sports teams to share pizza and memories.

“The best thing I like about pizza is not from a taste perspective,” David Odle said. “Pizza is social. Most people get a large pizza and share it. And I love hanging out with friends and I love hanging out with family and grabbing a couple pies. It’s a community dish.”

After the success of the downtown Andolini’s, the Rabins and Odles opened multiple locations in West Ashley and Mount Pleasant a few years later. Then, the company took a different direction and opened Juanita Greenberg’s Burrito Palace in the early 2000s (now known as Juanita Greenberg’s Nacho Royale).

According to Odle, he and the Rabins split the businesses, with Michael and Edie taking the Juanita Greenberg’s and David and Mindy taking over Andolini’s.

With the effects of the pandemic seemingly behind us, Andolini’s West Ashley location on Sam Rittenberg Boulevard is back and ready to celebrate its decades-long tradition of good pizza and good times. Though its other locations in North Charleston, Mount Pleasant and Folly Beach have since closed, Andolini’s on Sam Rittenberg is considered its flagship location and houses indoor and outdoor seating, a bar stocked with cold beers and liquor, an area for live events and its own private event room.

Milligan said the food and beverage industry has always been his passion and is excited to lead Andolini’s into another 30 years. “For me, it’s kind of just like the Earl of Sandwich. The thing is, pizza allows you to eat a meal in one hand.”

Andolini’s is open from 11 a.m.-9 p.m. Sun.-Thurs. and 11 a.m.-10 p.m. Fri.-Sat.

And if you’ve wondered where Rabin originally got the name for Andolini’s all those years ago, just watch The Godfather 2, Odle said.

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Metanoia SC: Jefferson Award recipient generates positive change in North Charleston

CHARLESTON S.C. (WCIV) — Wonderful things can happen when a community comes together.Lowcountry non-profit, Metanoia SC, is listening to the people who live in North Charleston's Chicora-Cherokee neighborhood.Over the past 20 years, Metanoia has been implementing programs to meet residents' needs to generate positive changes.Shawn Saulsberry is the Board Chair of Metanoia."It's a huge responsibility because Metanoia is literally s...

CHARLESTON S.C. (WCIV) — Wonderful things can happen when a community comes together.

Lowcountry non-profit, Metanoia SC, is listening to the people who live in North Charleston's Chicora-Cherokee neighborhood.

Over the past 20 years, Metanoia has been implementing programs to meet residents' needs to generate positive changes.

Shawn Saulsberry is the Board Chair of Metanoia.

"It's a huge responsibility because Metanoia is literally serving the area that I grew up in," Saulsberry said.

Saulsberry remembers growing up in what's known as "Charleston Heights," or the "Heights" in North Charleston.

The community played an important part in his childhood.

"I didn't have the organization that we have today, but somehow I ran across those metanoia-type people who saw me, and they invested in me."

His grandfather taught him the importance of entrepreneurship.

"My grandfather taught us to work hard at an early age. He would let us rent the lawnmower from him, and we would go and cut grass in the community, and we would get to keep the profits," Saulsberry said.

Now, as a Senior Manager at the accounting firm Ernst & Young, Saulsberry uses his background of a strong work ethic to encourage the youth in the neighborhood.

Metanoia serves as a youth leadership pipeline.

"I'm not the smartest or the brightest, but I do know how to work hard, and I also know how to have endurance and not stop and just encourage them. If you do those things eventually, you're gonna find what you love. You're gonna find what you want to do in life, and it's gonna work well for you," said Saulsberry.

Metanoia was launched in 2002 by a coalition of churches across South Carolina.

By definition, Metanoia certainly works well with the community it serves.

"It means to make a positive transformation, kind of take upon a positive change of direction," explained Metanoia CEO Reverend Bill Stanfield.

Rev. Stanfield and his wife Evelyn live in the Chicora-Cherokee neighborhood with their two teenage sons.

Before Metanoia's founding, the couple spent one year getting to know their neighbors and listening to their concerns.

"We really do believe people closest to communities know the solutions to their own problems," said Stanfield.

Stanfield saw this as an opportunity to build on the positive community members saw in their neighborhood.

And Metanoia did just that.

In addition to building leaders, it's the non-profit's mission to also establish quality housing within Chicora-Cherokee.

"We build new homes for some home buyers. We also build new homes for affordable rental, all within the community where prices are going up, and people are finding it hard to afford a place to live," said Stanfield.

The organization also invests in neighborhood assets. They support black businesses on Reynolds Avenue and have a partnership with a local manufacturing company to create jobs in the community.

"There's a systematic way of listening to the community and understanding what the community needs and then coming alongside the needs of the community and becoming an advocate for what the community wants to do," said Saulsberry.

If you'd like to nominate an individual or organization for a prestigious 'Jefferson Award, email your nomination to ABC News 4's Tessa Spencer.

Five concerts coming to Charleston in 2023

CHARLESTON, S.C. (WCBD) – It won’t be much longer before Charleston feels like spring again – and with spring in the Lowcountry comes myriad events from the Southeastern Wildlife Expo to the Flowertown Festival, the Cooper River Bridge Run and the Credit One Charleston Open.But one thing people are always looking forward to when the warmer air arrives is enjoying live music from their favorite artists, or perhaps artists that bring back a nostalgic feeling.We saw plenty of big-name musicians make stops in the ...

CHARLESTON, S.C. (WCBD) – It won’t be much longer before Charleston feels like spring again – and with spring in the Lowcountry comes myriad events from the Southeastern Wildlife Expo to the Flowertown Festival, the Cooper River Bridge Run and the Credit One Charleston Open.

But one thing people are always looking forward to when the warmer air arrives is enjoying live music from their favorite artists, or perhaps artists that bring back a nostalgic feeling.

We saw plenty of big-name musicians make stops in the Charleston area during their tours in 2022 like Stevie Nicks, Miranda Lambert, Sheryl Crow, Elton John, and Darius Rucker, and 2023 is shaping up to be rather active as well.

Here are five upcoming concerts you won’t want to miss:

The “Empress of Soul,” Gladys Knight, will make a stop at the North Charleston Performing Arts Center in early spring. The “Midnight Train to Georgia” singer has been touring much of the U.S. in 2022 and will perform in North Charleston on March 2nd. (tickets)

Third Eye Blind, an American rock band who rose to fame in the 90s, will perform at the North Charleston Performing Arts Center as part of their ‘Summer Gods: 25 Years in The Blind’ tour on March 21. (tickets)

Best known for their emotional ballads, American vocal harmony group Boyz II Men will appear at the North Charleston Performing Arts Center on March 30th. (tickets)

Country music star Kenny Chesney will bring his ‘I Go Back Tour’ with Kelsea Ballerini to Daniel Island with a performance at Credit One Stadium on Thursday, May 25. (tickets)

American country music group Lady A (formerly Lady Antebellum) will perform at the Charleston Gaillard Center on June 24. (tickets)

BONUS: For those looking for the complete music festival experience, High Water Festival will return to North Charleston’s Riverfront Park on April 15 and 16. (tickets)

Charleston restaurants, bars turn to tech to fight fake IDs, underage drinking

CHARLESTON, S.C. (WCSC) - Bars and restaurants in downtown Charleston are adopting a new app as a way to prevent underage drinking on New Year’s Eve.Charleston city officials came together in November to approve the ID scanner pilot program. The program kicked off on Dec. 5 and works through a mobile app called Intellicheck, which scans IDs to verify someone’...

CHARLESTON, S.C. (WCSC) - Bars and restaurants in downtown Charleston are adopting a new app as a way to prevent underage drinking on New Year’s Eve.

Charleston city officials came together in November to approve the ID scanner pilot program. The program kicked off on Dec. 5 and works through a mobile app called Intellicheck, which scans IDs to verify someone’s identity and age.

Introducing the concept to Charleston City Council, El Jefe Texican Cantina owner Roy Neal said by using the app, the responsibility to catch fake IDs shifts away from bar owners thanks to the technology.

“We’ve already seen a lot of the effects of us using the scanner technology, because the people that were going to try to use it and get by our front door system, realize that we have the scanners,” Neal said. “I think word on the street [is] that pretty much all the businesses are using the scanner app.”

Intellicheck is available for up to 31 restaurants and bars in the King Street area, and as of Nov. 30, 24 businesses have signed up.

“It doesn’t cost a local business owner anything, and you sleep better at night to know you’re in compliance with the laws of South Carolina. I mean, it’s easy, but it’s also it’s the right thing to do and I’d prefer every business owner is using it,” Neal said.

Many restaurants and bars in the King Street area offer different tickets to celebrate New Year’s Eve. Taylor O’Malley is spending Saturday night in Charleston and said it makes her feel good that the city is focusing on eliminating underage drinking.

“With age comes maturity. I think it’s nice to have a little bit of an older crowd just because of the experience with liquor and it creates a safer environment,” O’Malley said.

The city and Charleston Convention and Visitors Bureau contributed $20,000 each for a six-month program ending in May.

Following the pilot program, the businesses can negotiate separate deals with Intellicheck, but the city will not cover the cost for them.

Copyright 2022 WCSC. All rights reserved.

CHARLESTON 76, TOWSON 74, OT

FG FT Reb COLL. OF CHARLESTON Min M-A M-A O-T A PF PTS Brzovic 29 7-14 6-6 6-12 0 3 22 Bolon 29 3-8 0-0 2-4 4 2 7 Larson 35 4-8 0-0 0-1 5...

FG FT Reb
COLL. OF CHARLESTON Min M-A M-A O-T A PF PTS
Brzovic 29 7-14 6-6 6-12 0 3 22
Bolon 29 3-8 0-0 2-4 4 2 7
Larson 35 4-8 0-0 0-1 5 1 12
Scott 33 1-1 0-1 1-3 1 4 2
Smith 28 3-11 1-3 0-5 2 1 10
Robinson 22 4-8 2-2 1-2 0 1 12
Horton 21 0-3 0-0 1-1 2 2 0
Burnham 12 3-5 2-2 2-3 1 1 9
Faye 12 0-1 0-0 0-2 0 3 0
Lampten 4 1-1 0-0 1-1 1 0 2
Totals 225 26-60 11-14 14-34 16 18 76
FG FT Reb
TOWSON Min M-A M-A O-T A PF PTS
Thompson 38 4-11 4-6 4-12 3 1 12
Conway 15 2-5 0-0 1-1 0 0 6
Holden 39 4-12 4-6 2-8 6 3 12
Russell 32 5-11 1-2 1-3 0 3 12
Timberlake 39 5-11 2-2 0-2 3 2 14
May 25 3-4 2-2 1-1 0 4 10
Hicks 21 2-2 0-0 0-0 2 2 4
Sylla 16 1-5 2-2 1-1 0 1 4
Totals 225 26-61 15-20 10-28 14 16 74

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