With 30 years in the industry

Mortgage Broker in Daniel Island, 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 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.

Service Areas

Mortgage Services for Carmen Morales

★★★★★

I was very thrilled with the service received during my home buying loan application process. Dan and his team were extremely friendly, patient, helpful and very knowledgeable about every phase of their role in making my Dream Home become a Reality! I highly recommend Dan Crance????

Mortgage Broker for Crystal Lovelady

★★★★★

Dan is a pleasure to work with.

Mortgage Company for Nathan Smith

★★★★★

Dan & team were great to work with. We love our new home!

Refinancing for Mark Flowers

★★★★★

Dan, Walked me through the process step-by-step. He was very helpful in every aspect of my loan and purchasing my home.

Mortgage Company for Phil Pendergrass

★★★★★

Dan is amazing to work with! We have now used him to buy two different homes and both times he bent over backwards to help us. No matter what time it was or what question I had he was quick to respond. I wouldn't use any other lender!!!

Mortgage Broker for Rj Swindle

★★★★★

Knows his stuff inside and out and will help you from beginning to finish!!

Mortgage Lender for Z “Mr.E3991” Hudson

★★★★★

You'll be hard pressed to find a harder working mortgage man than Dan Crance! He's helped several of my friends with getting them into homes and always with a smile and quick service!

Mortgage Services for Parker Mullins

★★★★★

Dan is responsive, proactive, and very knowledgeable! Highly recommended for your mortgage needs.

Mortgage Broker for Phillip Harrigan

★★★★★

Dan is an awesome guy to work! He goes above and beyond for his clients!! I highly recommend him for any of your mortgage needs!!

Mortgage Company for Terry Hennessee

★★★★★

Dan is the model of hard work and integrity. He has multiple options he can discuss with you for your mortgage needs.

Refinancing for Sean Murphy

★★★★★

Dan is extremely knowledgeable & professional. He always provides outstanding customer service!

Mortgage Lending Service for Jeff Jacobs

★★★★★

Dan Crance the Mortgage Man!!! This guy is just one of those people you have to meet and at least have a conversation with! He is an awesome person that truly loves what he does. He is truly "The Mortgage Man!"

Home Ready Mortgages for Brittany Savage

★★★★★

Good guy that is GREAT at what he does. Call Dan the MORTGAGE MAN!

Mortgage Lender for Hillary Jones

★★★★★

Dan is an experienced lender that is client focused. I happily and confidently refer buyers to him all the time. He takes the time to get to know what the client needs and tailors his approach. Highly recommend!

Mortgage Services for Gabe Foust

★★★★★

Dan the Mortgage Man is awesome! I have bought several homes in my lifetime and Dan made the process so simple. He even found me a replacement realtor that was top knotch! When you go to buy your next home or investment make Dan your first call. Thank you Dan!

Mortgage Broker for Chris O'Neal

★★★★★

I have know Dan for several years as a business partner and friend. He treats all of his clients like family and therefore you can count on him to be honest and reliable every step of the way. Thinking of refinancing or buying a new property? Before you do anything, call Dan so he can set you up for success!

Mortgage Company for Ramon Myers

★★★★★

Dan is very passionate about what he does! We love his energy and he definitely has a servant heart. If you are looking for someone to help you with qualifying for a mortgage, we recommend Dan Crance Your Mortgage Man!

Refinancing for Dorothy Draa-Miller

★★★★★

I have referred Dan Crance a few times to my organizing clients! Dan is efficient, eager to help, VERY knowledgeable in what he does, and communicates well to his clients. I would recommend him over and over!

Mortgage Services for Eric Warren

★★★★★

Dan and his team were the Best! They pulled off a miracle and got me approved for my dream home! I would highly recommend them to everyone I know!

Mortgage Broker for Tonya Bell

★★★★★

Dan Crance is fantastic. He has helped me and my family with several mortgages and always does what is right for us every time. He has saved us alot of money over the years as well.

Mortgage Company for Billy Rourk

★★★★★

Helped us when no one else would. Great communication by Dan and his team.

Mortgage Broker for Erin Michelle

★★★★★

Dan and his team is amazing. When I thought I would never be able to get financed he was able to get me financed. I was very impressed. A year later I went to him to refinance me to get lower rates and yet again he was able to do that as well. I would recommend him to everyone I know. Thanks Dan and your team. I have an amazing home thanks to you!!!

Mortgage Company for Tonya M Moore-Bell

★★★★★

Dan is amazing and has helped us save alot of money over the years with several mortgages. He truly cares about his clients

Mortgage Lender for Aaron Stupica

★★★★★

As first time home buyers, Dan was extremely helpful throughout the process. He was available anytime we had questions, through text, call or email. If he was busy, he would let us know that he would get back to us ASAP, and he did. He made it to our closing, even though it was not necessary and provided great information that we didn't even know we needed. We were referred to Dan through our realtor and we were very happy to have that introduction!

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

Home Financing in Daniel Island, 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 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.

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 Daniel Island, SC.

Refinancing in
Daniel Island, 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 Daniel Island, 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:

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

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

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.

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, 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 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.

Trust Dan Crance

Your Mortgage Lender in Daniel Island, 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 Daniel Island loves Classic Home Mortgage.

After hours by appointment only. CONTACT DAN

Cainhoy warehouse, logistics building slated to replace pond site

This week there are new developments coming before the various City of Charleston boards and committees. Below are those items as well as the application results for items specific to Daniel Island and the Cainhoy area. More detailed agendas and results can be found at charleston-sc.gov/agendacenter.UPCOMING CITY OF CHARLESTON TECHNICAL REVIEW COMMITTEEApril 20Cainhoy Sanders House – Site plan on park and open space improvements at 2025 Sanders House St. in Cainhoy.No...

UPCOMING

CITY OF CHARLESTON TECHNICAL REVIEW COMMITTEE

April 20

Cainhoy Sanders House – Site plan on park and open space improvements at 2025 Sanders House St. in Cainhoy.

Nowell Creek Pedestrian/Cycling Bridge – Linear construction (e-Review) on shared-use path and pedestrian bridge along Daniel Island Drive.

April 27

Point Hope Pump Station – Site plan for a pump station, force main and gravity sewer extension at 1236 Clements Ferry Road in Cainhoy.

Restore at Point Hope – Site plan for a single-family attached and detached residential building with 93 units at 1236 Clements Ferry Road in Cainhoy.

Mankiewicz Expansion – Site plan for expansion/improvement of existing facility by the addition of a warehouse and logistics building and filling a pond site at 1200 Charleston Regional Pkwy. in Cainhoy.

RESULTS

CITY OF CHARLESTON TECHNICAL REVIEW COMMITTEE

April 13

Medical Office Building – Site plan for a new medical office building with associated infrastructure at 1236 Clements Ferry Rd. in Cainhoy. Results: Submit to TRC for 1st review.

Primus Park – A concept plan for a new single-family subdivision with 101 units on 108 acres at 2150 Clements Ferry Road in Cainhoy. Results: Revise and resubmit to TRC.

Clements Ferry Industrial – A site plan (eReview) on one industrial building with a stormwater detention pond and bioswale at 1001 Charleston Regional Pkwy. in Cainhoy. Results: Revise and resubmit to TRC.

Marshes at Daniel Island – Review of revisions to previously approved single-family major subdivision road plans at 146 Fairbanks Drive on Daniel Island. Results: Revise and resubmit to TRC.

REGULARLY SCHEDULED CITY & COUNTY MEETINGS

Berkeley Co. Bd. of Education is meeting the first and third Tuesday each month through April 2023. Starting May 2023, they will meet the first and third Monday. Executive Committee meets at 5:30 p.m.; meeting starts at 6:30 p.m.

Berkeley Co. Council meets fourth Mon. of each month, 6 p.m., Berkeley County Admin. Blg., 1003 Hwy 52, Moncks Corner.

City of Charleston Council typically meets the second and fourth Tues. of each month, 5 p.m., City Hall, 80 Broad Street, Charleston, SC and/or virtually via Conference Call #1-929-205-6099; Access Code: 912 096 416. Exceptions: Summer Schedule - 3rd Tues. of June, July, and August; December meetings on the 1st and 3rd Tues. Dates and locations subject to change.

City of Charleston Technical Review Committee meets every Thurs. at 9 a.m.via Zoom.

City of Charleston Board of Zoning Appeals – Site Design meets the 1st Wed. of each month at 5 p.m. via Zoom.

City of Charleston Board of Zoning Appeals – Zoning meets the 1st and 3rd Tues. of each month at 5:15 p.m., except for January and July when no meeting is held on the 1st Tues.

City of Charleston Design Review Board meets the 1st and 3rd Mon. of every month at 4:30 p.m.

City of Charleston Planning Commission meets the 3rd Wed. of every month at 5 p.m.

City of Charleston Board of Architectural Review – Large projects meets the 2nd and 4th Wed. of every month at 4:30 p.m.

City of Charleston Board of Architectural Review – Small projects meets the 2nd and 4th Thurs. of every month at 4:30 p.m.

All meetings are open for public comment except the City of Charleston Technical Review Committee meetings.

Compiled by Zach Giroux

Point Hope slated for another mixed-use development with single-family housing

This week there are new developments coming before the various City of Charleston boards and committees. Below are those items as well as the application results for items specific to Daniel Island and the Cainhoy area. More detailed agendas and results can be found at charleston-sc.gov/agendacenter.UPCOMINGCITY OF CHARLESTON TECHNICAL REVIEW COMMITTEEFeb. 23: Hawthorne at Clements Ferry Road – Review of revisions to a previously approved site plan for 210-unit multifamily development at 2800 Clements Ferry Road, C...

UPCOMING

CITY OF CHARLESTON TECHNICAL REVIEW COMMITTEE

Feb. 23: Hawthorne at Clements Ferry Road – Review of revisions to a previously approved site plan for 210-unit multifamily development at 2800 Clements Ferry Road, Cainhoy.

March 2: Marshes at Daniel Island – Review of revisions to previously approved road construction plans for a 56-unit development at 146 Fairbanks Drive.

Thomas Island Marina – Gravel parking lot and restroom building to serve Thomas Island Marina at 100 Sands Preserve Drive, Cainhoy.

Woodfield Daniel Island III – 12-unit townhome (Phase 2 ) of Woodfield Daniel Island III Multifamily (Phase 1) at 350 Henslow Drive.

The Waterfront Phase 3 – Road extension and six single-family lots at 515 Helmsman St., Daniel Island.

Point Hope – Goldfinch Tract – Construction of a mixed-use development containing 192 units of single-family attached homes and amenities in Cainhoy (address to be determined).

RESULTS

Feb. 16: Haswell – A plat for a 20-lot single-family residential subdivision at 509 Seven Farms Drive on Daniel Island. Results: Approval pending final documentation to MS4. Once approved, submit plat to Planning for stamping.

Haswell – Roads for a 20-lot single-family residential subdivision at 509 Seven Farms Drive on Daniel Island. Results: Approval pending final documeentation to Engineering and MS4.