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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, FL, 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 Broker Daniel Island, FL
 Refinance Daniel Island, FL

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

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 Daniel Island, FL

Home Financing in Daniel Island, FL

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.

 FHA Mortgages Daniel Island, FL

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, FL.

Refinancing in
Daniel Island, FL

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, FL - 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 Daniel Island, FL
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 Daniel Island, FL

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, FL, 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.
 Mortgage Company Daniel Island, FL

Trust Dan Crance

Your Mortgage Lender in Daniel Island, FL

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

Latest News in Daniel Island, FL

Luxury Daniel Island townhome development launches new phase

East West Partners, a luxury real estate developer, has launched sales for the initial offering in its third collection at the mixed-use community, The Waterfront Daniel Island, which features 11 townhomes.Located in the heart of the Waterfront, the 11 Sanderling townhomes offer approximately 2,900 to 3,500-square-feet of indoor living space, including an upstairs flex space perfect for a game room or den, in addition to a spacious, covered outdoor terrace and a...

East West Partners, a luxury real estate developer, has launched sales for the initial offering in its third collection at the mixed-use community, The Waterfront Daniel Island, which features 11 townhomes.

Located in the heart of the Waterfront, the 11 Sanderling townhomes offer approximately 2,900 to 3,500-square-feet of indoor living space, including an upstairs flex space perfect for a game room or den, in addition to a spacious, covered outdoor terrace and a two-car garage in each unit, according to an East West Partners news release.

Starting at $2 million, the development offers four floor plans.

“The Sanderling townhomes bring one of our most highly sought after residential product types back to the community and we couldn’t be more excited to share this latest collection,” said Harriette Calder, project manager for The Waterfront Daniel Island, in the release. “With sales launched in a phased approach, it allows us to listen to our buyers’ needs and adapt accordingly. This offering incorporates valuable feedback from our existing homeowners and emphasizes indoor/outdoor living to maintain coastal sensibilities.”

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The design vision for the third collection is led by Betsy Berry of B. Berry Interiors, the Charleston-based firm also behind the community’s second collection offering, the release stated. Berry creates a classic aesthetic throughout. Bluffton-based architecture firm Court Atkins Group is involved with the project.

Celebrating the best of waterfront living and the Lowcountry lifestyle, The Waterfront Daniel Island combines an elevated residential offering with premium community amenities, the release stated. Amenities include:

Other partners involved in the waterfront village include Hart Howerton, the master plan architect; Thomas & Hutton, the civil engineer and landscape architect; and Brockington and Associates, environmental consultants for the project. Phase II, which began construction in April 2022, is sold out and expected to deliver in early 2024. The master plan for the development of The Waterfront on Daniel Island includes a total of six phases.

Stay informed about Cainhoy and DI development projects

This week there are several developments coming before the various City of Charleston boards and committees. Below are those items as well as results, if any, from the prior week’s 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 COMMITTEEOct. 26: Cainhoy Sports Park Amenity – Site plan for amenity, swimming pools, sports parks, parking lot, and stormwater pond on 23.5 acres at 3050 Riv...

This week there are several developments coming before the various City of Charleston boards and committees. Below are those items as well as results, if any, from the prior week’s 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 COMMITTEE

Oct. 26: Cainhoy Sports Park Amenity – Site plan for amenity, swimming pools, sports parks, parking lot, and stormwater pond on 23.5 acres at 3050 River Village Dr. TMS: B2620000008. Owner: Cainhoy Land & Timber, LLC. Contact: Steven Roach, roach.s@tandh.com.

Oct. 26: Towne at Cooper River Phase II - Road and infrastructure – Three separate items for road improvements to Enterprise Blvd, Beresford Run, and Clements Ferry Rd. and R/W extension, roadway construction, and master infrastructure to serve future development on 30.1 acres at 2620 Clements Ferry Rd. TMS: B2710001035. Applicant: Seamon, Whiteside & Associates, Inc. Contact: Spencer Plowden, splowden@seamonwhiteside.com.

Oct. 26: Woodfield Cooper River Farms – Site plan for 71 multifamily units on 2.7 acres at 700 Silo Acres Dr. TMS: B2710001035. Applicant: Seamon, Whiteside & Associates, Inc. Contact: Malcolm Glenn, mglenn@seamonwhiteside.com.

Oct. 26: Tuxbury Farm Tract - Concept plan for an 82-unit mixed-use development on15.1 acres at 2686 SC41. TMS: B2630004006.

Oct. 19: Woodfield Point Hope 3 Mixed – Site plan for multifamily and commercial mixed-use development for 348 units on 44.6 acres at 1260 Clements Ferry Road. TMS: B2620000028. Applicant: Seamon, Whiteside & Associates, Inc., Contact: Malcolm Glenn, mglenn@seamonwhiteside.com.

Oct. 19: Marshes at Daniel Island Phases 1A/1B – Review of revisions to approved road construction plans for a new residential subdivision consisting of 59 units on 16.78 acres at 146 Fairbanks Drive. TMS: B2710000010. Applicant: Seamon, Whiteside & Associates, Inc. Contact: Zachary Wortman, zwortman@seamonwhiteside.com.

Oct 19: Alliance Apartments Phase 1 – Site plan for multifamily development with supporting amenities and infrastructure at 1730 Clements Ferry Road, 336 units on 23.9 acres. Applicant: Seamon, Whiteside & Associates, Inc. Contact: Hannah Wilken, hwilken@seamonwhiteside.com.

Oct. 19: Cainhoy Del Webb Phase 2 – Preliminary plat and road construction plans for 233 lots of a new residential subdivision on Clements Ferry Rd. TMS: B2620000028. Applicant: Thomas & Hutton Engineering. Contact: Steven Roach, roach.s@tandh.com.

RESULTS: CITY OF CHARLESTON TECHNICAL REVIEW COMMITTEE

Oct. 12: Seven Farms at Pier View Pedestrian Improvements - Installation of curb extensions, Rectangular Rapid-Flashing Beacon (crossing signal), drainage, and roadway striping. Owner: City of Charleston Applicant: City of Charleston Contact: James Wallace, wallacej@charleston-sc.gov. Results: Revise and resubmit to TRC.

Oct. 12: Mikasa Apartments - Review of revisions to approved project, 336 units on 19.55 acres at 1980 Clements Ferry Rd. TMS: B2680000133. Applicant: Thomas & Hutton Engineering Contact: Corey Balenger, balenger.c@tandh.com. Results: Approval pending final documentation to Engineering and Planning.

Oct. 12: Parcel K Residential (Blaze Residential) - Site plan for 50 single-family attached townhomes and associated infrastructure on 5.58 acres at 716 Oyster Isle Dr. (Former Blackbaud and Charleston Battery site on Daniel Island Dr.) TMS: B2750000086. Applicant: Seamon, Whiteside & Associates. Contact: Abigail Richardson, arichardson@seamonwhiteside.com. Results: Open pending the delivery of comments from Stormwater Management.

Compiled by Suzanne Detar, sdetar@thedanielislandnews.com.

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

Developers report sellout of The Waterfront Daniel Island Phase II

All of the residences in Phase II at the mixed-use lifestyle community The Waterfront Daniel Island have been sold, a little more than a year after they were released, according to developers East West Partners.Phase II comprises 41 one-, two-, and three-bedroom condominium units across three new buildings, according to a news release from the development company.“We are thrilled to officially close out sales on this second residential phase at ...

All of the residences in Phase II at the mixed-use lifestyle community The Waterfront Daniel Island have been sold, a little more than a year after they were released, according to developers East West Partners.

Phase II comprises 41 one-, two-, and three-bedroom condominium units across three new buildings, according to a news release from the development company.

“We are thrilled to officially close out sales on this second residential phase at The Waterfront,” Harriette Calder, project manager for The Waterfront Daniel Island, said in the release. “Demand for this community has remained strong ever since its inception, reflecting a continually growing interest in the elevated, yet relaxed coastal lifestyle and vibrant social environment we’ve been able to cultivate here. Our residents truly make this community a one-of-a-kind destination in the Lowcountry and we can’t wait to welcome our Phase II residents home to The Waterfront soon.”

Phase II, for which began construction in April 2022, will feature luxury condominium residences spread across the Sabal, Camellia and Magnolia buildings, most of which offer direct, unobstructed views of the Wando River. Ranging from approximately 1,220 to 3,400 square feet, floor plans in the second collection feature outdoor terraces, elevated finishes by interior designer Betsy Berry, and river views, with some penthouse units. In addition to the residences, this second collection also features exclusive new homeowner amenities, including a shared, elevated outdoor courtyard for residents of the Sabal and Magnolia buildings and an outdoor terrace and gathering space called The Perch for residents of the Camellia building. Construction is expected to be complete on units early in 2024, the release stated.

Later this fall, East West Partners expects to announce the release of sales for Phase III of the development, a new collection of 47 total residences including condominiums, townhomes and a handful of marsh cottages, representing a new product offering for the community. East West Partners will expand upon its collaboration with Berry for the interior design of Phase III products and will partner with two architectural firms, including MacMillan Pazdan Smith and Court Atkins, to bring the residences to life.

All homeowners who purchase at The Waterfront enjoy access to standout amenities, including:

Direct access to Daniel Island’s newly redesigned waterfront park, featuring two public docks with paddle launch and dog ramp, an interactive fountain, waterfront swings, and children’s play area.

Access to an array of natural and planned amenities, including 25+ miles of trails with views along the marsh and water; The Kingstide, Daniel Island’s only waterfront restaurant with rooftop bar; and The Daniel Island Market and Eatery (The Dime), a gourmet grab-and-go market.

Private amenities including a resort-style pool; pool pavilion with fire pit, fireplace, and grilling station; fitness center with state-of-the-art equipment; community outdoor gathering spaces; and post center with onsite property management.

The master plan for the development of The Waterfront on Daniel Island includes six phases.

Residential and mixed-use developments under review

This week there are several developments coming before the various City of Charleston boards and committees. Below are those items as well as results, if any, from the prior week’s items specific to Daniel Island and the Cainhoy area. More detailed agendas and results can be found at charleston-sc.gov/agendacenter.Oct. 26: Cainhoy Sports Park Amenity – Site plan for amenity, swimming pools, sports parks, parking lot, and stormwater pond on 23.5 acres at 3050 River Village Dr. TMS: B2620000008. Owner: Cainhoy Land & Tim...

This week there are several developments coming before the various City of Charleston boards and committees. Below are those items as well as results, if any, from the prior week’s items specific to Daniel Island and the Cainhoy area. More detailed agendas and results can be found at charleston-sc.gov/agendacenter.

Oct. 26: Cainhoy Sports Park Amenity – Site plan for amenity, swimming pools, sports parks, parking lot, and stormwater pond on 23.5 acres at 3050 River Village Dr. TMS: B2620000008. Owner: Cainhoy Land & Timber, LLC. Contact: Steven Roach, roach.s@tandh.com.

Oct. 26: Towne at Cooper River Phase II - Road and infrastructure – Three separate items for road improvements to Enterprise Blvd, Beresford Run, and Clements Ferry Rd. and R/W extension, roadway construction, and master infrastructure to serve future development on 30.1 acres at 2620 Clements Ferry Rd. TMS: B2710001035. Applicant: Seamon, Whiteside & Associates, Inc. Contact: Spencer Plowden, splowden@seamon whiteside.com.

Oct. 26: Woodfield Cooper River Farms – Site plan for 71 multifamily units on 2.7 acres at 700 Silo Acres Dr. TMS: B2710001035. Applicant: Seamon, Whiteside & Associates, Inc. Contact: Malcolm Glenn, mglenn@seamonwhiteside.com.

Oct. 26: Tuxbury Farm Tract - Concept plan for an 82-unit mixed-use development on 15.1 acres at 2686 SC41. TMS: B2630004006.

Nov. 2: Agenda was not posted prior to print.

Oct. 19: Woodfield Point Hope 3 Mixed – Site plan for multifamily and commercial mixed-use development for 348 units on 44.6 acres at 1260 Clements Ferry Road. TMS: B2620000028. Applicant: Seamon, Whiteside & Associates, Inc., Contact: Malcolm Glenn, mglenn@seamonwhiteside.com. Results: Revise and resubmit to TRC. Pending delivery of Zoning and Stormwater comments.

Oct. 19: Marshes at Daniel Island Phases 1A/1B – Review of revisions to approved road construction plans for a new residential subdivision consisting of 59 units on 16.78 acres at 146 Fairbanks Drive. TMS: B2710000010. Applicant: Seamon, Whiteside & Associates, Inc. Contact: Zachary Wortman, zwortman@seamonwhiteside.com. Results: Open pending delivery of Zoning and Stormwater comments.

Oct 19: Alliance Apartments Phase 1 – Site plan for multifamily development with supporting amenities and infrastructure at 1730 Clements Ferry Road, 336 units on 23.9 acres. Applicant: Seamon, Whiteside & Associates, Inc. Contact: Hannah Wilken, hwilken@seamonwhiteside.com. Results: Revise and resubmit to TRC, pending delivery of Zoning and Stormwater comments.

Oct. 19: Cainhoy Del Webb Phase 2 – Preliminary plat and road construction plans for 233 lots of a new residential subdivision on Clements Ferry Rd. TMS: B2620000028. Applicant: Thomas & Hutton Engineering. Contact: Steven Roach, roach.s@tandh.com. Results: Revise and resubmit to TRC, pending delivery of Zoning and Stormwater comments.

Blue Raiders win Daniel Island Intercollegiate

Full Results Charleston, S.C. — Middle Tennessee men's golf used a hot start in Tuesday's third round to pick up a win at the Daniel Island Intercollegiate. Gavin Clements set a new personal best with a score of 67 (-5) in the third round, while ...

Full Results Charleston, S.C. — Middle Tennessee men's golf used a hot start in Tuesday's third round to pick up a win at the Daniel Island Intercollegiate. Gavin Clements set a new personal best with a score of 67 (-5) in the third round, while Kevin Jegers, Michael Barnard and Markus Varjun all finished within the top 15.

The Blue Raiders combined for eight birdies and an eagle on the front nine, compared to just four bogeys. Clements was responsible for the eagle and three of those birdies. He played even-par golf on the back nine for his second career-low round of the season.

The second half of the final round proved challenging for MTSU, as the Blue Raiders combined for 10 holes over par with just six birdies.

Jegers and Barnard finished the tournament in a tie for ninth at 213 (-3). Barnard was 2-under for the third round until a triple bogey on the 16th hole forced him to settle for a 73 (+1). Jegers carded a 76 (+4) in the third round.

Paired with his brother, Mattias, of VCU, Markus Varjun shot a 71 (-1) for the second straight round Tuesday. He tied for 15th individually at 216 (E).

Clements and Owen Stamper tied for 41st overall at 222 (+6).

By the Numbers 48 – The Blue Raiders' 48 birdies were the second-most in the tournament. 14 – Jegers tied for the most birdies in the tournament with 14. 30 – Varjun gained 30 spots on the individual leaderboard from the end of the first round to the end of the event.

Coach's Comments: Mark McEntire "What a great week! I am so proud of this team and glad we finished this one off! Round of the year from Gavin, and we needed it. Solid tournament by everyone and a great way to end the fall. Let's go!"

Tournament Notes

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