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, SC, 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.
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.
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.
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).
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, SC - Dan Crance.
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.
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.
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.
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.
South Carolina places sixth in the list of the best states for business growth, according to new research by business consulting firm Venture Smarter.Venture Smarter analyzed data from the U.S Bureau of Labor Statistics to discover the business growth rate in each state based on the number of establishments in December 2021 compared to December 2022.South Carolina witnessed the number of establishments grow from 155,945 in December 2021 to 170,968 in Dece...
South Carolina places sixth in the list of the best states for business growth, according to new research by business consulting firm Venture Smarter.
Venture Smarter analyzed data from the U.S Bureau of Labor Statistics to discover the business growth rate in each state based on the number of establishments in December 2021 compared to December 2022.
South Carolina witnessed the number of establishments grow from 155,945 in December 2021 to 170,968 in December 2022, resulting in a business growth rate of 9.60%. South Carolina offers incentives for new businesses registered as a corporation, such as no local income tax, no state property tax, and no inventory tax.
Top of the list is Georgia, with a business growth rate of 13.50%. In December 2022, there were 397,515 business establishments compared to 350,189 in December 2021. Corporate income tax is set at a reasonable rate of 5.75% in Georgia, with the state also offering job tax credit to reduce corporate tax liability for eligible businesses. I
n second place is Virginia, which witnessed a business growth rate of 10.50%; the number of businesses increased from 305,345 in December 2021 to 337,394 one year later. The state offers many small business incentive programs, including the Virginia Enterprise Zone, which has many benefits, from tax exemption for rehabilitated structures to tax credits for creating employment.
Arizona is in third place with a business growth rate of 10.40% after seeing the number of business establishments rise from 191,756 in December 2021 to 211,683 the following year.
The state has the 14th lowest corporate income tax rate in America at 4.9%. Montana and Vermont are in joint fourth place, with both states seeing a business growth rate of 10.20%. Starting an LLC in Montana requires an initial filing fee of just $35, which is significantly lower than in other states, such as California, with a cost of $500. As well as this, Vermont citizens can take advantage of several business incentives, such as flexible profit distribution, which allows companies registered as LLCs to choose various ways to distribute profits.
Rounding out the top 5 is Michigan, with a business growth rate of 9.80%. The state saw establishments increase from 275,636 in December 2021 to 302,624 in December 2022.
Michigan experienced a small business revenue increase of 24% between January 2020 and January 2022, significantly higher than the 6.9% average rate across the nation.
On the opposite end of the scale, Washington has the worst business growth rate of -16.80%.
The state had 284,440 establishments in December 2022, which decreased by 47,644 in December 2022. Washington was the only state to witness a decrease of establishments.
To see how all the states ranked, visit the Venture Smart website.
This information was provided by Venture Smarter, a team of expert consultants with years of experience.
The city of Charleston will be voting Monday and Tuesday night on the approval of a $2 million replacement bridge on Daniel Island.DANIEL ISLAND, S.C. (WCSC) - The city of Charleston will be voting Monday and Tuesday night on the approval of a $2 million replacement bridge on Daniel Island.The Beresford Creek Bridge is one of the only two ways to get onto Daniel Island, but officials say the bridge is in need of demolition and replacement after years of use.The final approval of the project from the city council would in...
The city of Charleston will be voting Monday and Tuesday night on the approval of a $2 million replacement bridge on Daniel Island.
DANIEL ISLAND, S.C. (WCSC) - The city of Charleston will be voting Monday and Tuesday night on the approval of a $2 million replacement bridge on Daniel Island.
The Beresford Creek Bridge is one of the only two ways to get onto Daniel Island, but officials say the bridge is in need of demolition and replacement after years of use.
The final approval of the project from the city council would include adding a pedestrian and bike lane since the current bridge is very narrow.
Charleston City Councilman Boyd Gregg has been pushing for approval of the project to reduce dangerous traffic conditions on the bridge.
“More than anything, right now, I’d say pedestrian access,” Gregg says. “There’s not a really safe path for pedestrians cross or bikers to cross; the new bridge will have much improved pedestrian access.”
The bridge experienced damage to its infrastructure about three years ago, forcing load limits on the bridge for heavy trucks.
More recently, fire vehicles and ambulances are no longer to access the island from the bridge due to its current condition.
City of Charleston Director of Public Service Tom O’Brien says the bridge was built in the 90s, and it used to be the only way to access Daniel Island before Interstate 526 provided another entry point.
“Obviously with all the development with the homes and the town center, traffic has increased,” O’Brien says. “The bridge we will be replacing it with will be a very solid bridge and will provide great access for the people.”
Daniel Island is also working on another project to build a pedestrian and bicycle bridge over Nowell Creek.
“I think it shows the city’s commitment to provide these passages and safe ways to allow for pedestrians and bicycles to use the city,” O’Brien says.
Both O’Brien and Gregg are pushing for the project to finish before the next school year.
“There’s a significant amount of school traffic on this road, particularly for those traveling up with Phillip Simmons High School,” Gregg says. “We really wanted to try to get this done as much as we could during the summer to try to alleviate some of that school traffic and take advantage of school being out.”
In efforts to address traffic concerns, the city will be holding a meeting in the next month to explain the entire construction process and answer questions from nearby homeowners.
The project will be voted on at Monday night’s Public Works and Utilities Commission meeting and Tuesday’s city council meeting.
Copyright 2023 WCSC. All rights reserved.
DANIEL ISLAND — The Jimmy Buffett & the Coral Reefer Band concert at Credit One Stadium slated for May 20 is being rescheduled due to an unexpected and undisclosed health issue that has befallen the “Cheeseburger in Paradise” singer.The last-minute show, which was announced on May 12, with ticket sales beginning May 15, will now take place at a yet-to-be-announced later date.Buffett was quoted in a news release regarding the rescheduling, with mentions of an unexpected hospitalization after a recent Bahama...
DANIEL ISLAND — The Jimmy Buffett & the Coral Reefer Band concert at Credit One Stadium slated for May 20 is being rescheduled due to an unexpected and undisclosed health issue that has befallen the “Cheeseburger in Paradise” singer.
The last-minute show, which was announced on May 12, with ticket sales beginning May 15, will now take place at a yet-to-be-announced later date.
Buffett was quoted in a news release regarding the rescheduling, with mentions of an unexpected hospitalization after a recent Bahamas trip and his promise to return to the Lowcountry, or, as he calls it, the “land of she-crab soup.”
“Hello, my faithful fans in Charleston and beyond. These few words from Mark Twain about life changes, seemed perfect to pass on at this time. ‘Challenges,’ he said make life interesting however overcoming them is what makes life meaningful. I had a sudden change of plans this week that affected us all. Two days ago, I was just back from a trip to the Bahamas, thawing out from the California ‘winter tour,’ and chomping at the bit to get to Charleston. I had to stop in Boston for a check-up but wound up back in the hospital to address some issues that needed immediate attention. Growing old is not for sissies, I promise you. I also will promise you, that when I am well enough to perform, that is what I’ll be doing in the land of she-crab soup. You all make my life more meaningful and fulfilled than I would have ever imagined as a toe-headed little boy sitting on the edge of the Gulf of Mexico. Thank you for your prayers and thoughts, your amazing years of loyalty, and just remember, ‘NOT YET!’”
Buffett and his band’s show would’ve been part of the Second Wind Tour 2023. They’ve been working on a new album as a followup to 2020′s “Life on the Flip Side,” which debuted at No. 2 on Billboard.
In initial anticipation of the event, Credit One Stadium’s general manager, Chris Meany, said, “We can’t wait to have the Parrot Heads join us for what will be the biggest party of the year! Don’t miss out — Fins up!”
According to the latest news release announcing the rescheduling, all previously purchased tickets will be honored for the new date once announced, and more information will be emailed to ticket purchasers directly.
DANIEL ISLAND, S.C. (WCIV) — City officials have been working to replace the Beresford Creek Bridge on Daniel Island for quite some time now.Construction was originally supposed to start in the spring of 2022, but officials had to relocate some utilities causing a delay to the start.Nine-month construction begins for Beresford Creek Bridge on Daniel Island. (WCIV)Residents have been wanting the bridge to be replaced ever since an annual report found one of the bridge beams had deteriorated. Since then, there has be...
DANIEL ISLAND, S.C. (WCIV) — City officials have been working to replace the Beresford Creek Bridge on Daniel Island for quite some time now.
Construction was originally supposed to start in the spring of 2022, but officials had to relocate some utilities causing a delay to the start.
Nine-month construction begins for Beresford Creek Bridge on Daniel Island. (WCIV)
Residents have been wanting the bridge to be replaced ever since an annual report found one of the bridge beams had deteriorated. Since then, there has been a weight limit on the bridge and a two-inch steel plate was installed to make the drive safe.
Construction will not only help traffic flow in and out of Daniel Island easier, it will also make room for pedestrians and bikers.
“In addition to the bridge, we’re also putting a pedestrian bike path which will go on the side of the bridge," said Tom Obrien, the Director of Public Service for Charleston. "Which will allow for safe passage for bikers and joggers to use the bridge to transfer off the road without being worried about cars and things like that."
But with this long process, the bridge will be completely closed down, causing drivers to look at other routes.
Officials advise drivers living west of the project to take Clements Ferry Road and drivers living east of the project will be routed to Seven Farms Road and River Landing Drive.
Some people did have concerns about the reroutes.
"We’ve had some, people are concerned about the issue of the detour but unfortunately when you’re doing a complete bridge replacement, there has to be another passage to allow," Obrien said.
"There's just no way because of the location of the bridge to have any temporary access, now people did suggest oh well why couldn’t you do one half of the bridge at a time well that lengthens the construction process and what we’re trying to do is be done as quickly as possible," he continued.
Officials hope the bridge will be reopened by April 2024.
At an informational meeting held by the City of Charleston at the Daniel Island Recreation Center on June 15, city officials provided an updated timeline on the Beresford Creek Bridge replacement project. The bridge now will remain open and passable until mid-July, when officials anticipate that utility relocation will wrap up and demolition will begin. At that time, the bridge will close to pedestrian and vehicle traffic and is expected to remain closed until the new bridge opens in April, 2024.The new span will include two 11-foot l...
At an informational meeting held by the City of Charleston at the Daniel Island Recreation Center on June 15, city officials provided an updated timeline on the Beresford Creek Bridge replacement project. The bridge now will remain open and passable until mid-July, when officials anticipate that utility relocation will wrap up and demolition will begin. At that time, the bridge will close to pedestrian and vehicle traffic and is expected to remain closed until the new bridge opens in April, 2024.
The new span will include two 11-foot lanes, two 4-foot shoulders and an 8-foot multi-use path and will be 4-feet taller than the existing structure.
The project was originally expected to get underway in 2022, but was postponed due to utility relocation permitting delays.
Mayor John Tecklenburg, who attended the informational session, explained that the Beresford Creek Bridge is one of 12 bridges that the city owns. Payment for the $2.875 million project will come from the city’s general fund, he said. Unlike many of the bridges in the region, it is not owned by the state or the county.
During the closure, the on and off ramps for I-526 East and West will be the only means of entering or leaving the island for business, recreation or emergency evacuation. Residents living and working on St. Thomas Island Drive and the surrounding communities will have to access Daniel Island via Clements Ferry Road to I-526.
Residents voiced concern about the inconvenience of a nine-month closure, at the meeting, on Facebook and via the paper’s survey (see page 6 for resident survey comments).
“I’m sure they are going to take every effort to expedite this thing if they can,” Tecklenburg said.
City councilman and Daniel Island resident Boyd Gregg was sympathetic, “I understand the inconvenience of nine months more than anybody – I drive across that bridge everyday – but nine months is a really, really, really good timeline for something like this.”
Gregg, who is also a professional engineer, added, “That is actually really fast to get a bridge torn down and replaced. Nine months is commendable.”
The bridge is being constructed by Cape Romain Contractors. The project engineer is Johnson, Mirmiran & Thompson (JMT), Inc.
Mayor Tecklenburg said he is thankful that the bridge is being replaced, adding, “It really needed replacement and now we’ll have a piece of reliable infrastructure for decades to come.”
Now thru Mid-July: Utility relocation. Bridge remains open.
Mid-July 2023: Demolition begins. Full roadway closure. Detour begins.
Aug.- Sept. 2023.: Pile driving and substructure construction.
Sept. - Dec. 2023: Install substructure form and reinforcing steel.
Dec. - Feb. 2024: Form and pour superstructure and approach slabs.
Feb. 2024: Install traffic and pedestrian railing and guard rails.
March 2024: Roadway and path paving.
March 2024: Finalize construction
April 2024: Open traffic on new bridge.