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 Folly Beach, SC, who can educate you on mortgage rates and provide trustworthy guidance to help you make an informed decision.
My name is Dan Crance - Folly Beach'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 Folly Beach, 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 Folly Beach, 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 Folly Beach, 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).
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 Folly Beach, 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 Folly Beach, 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.
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 Folly Beach loves Classic Home Mortgage.After hours by appointment only. CONTACT DAN
Folly Beach received a significant amount of federal funding for emergency renourishment following beach damage from Hurricane Ian.FOLLY BEACH, S.C. (WCSC) - Folly Beach received a significant amount of federal funding for emergency renourishment following beach damage from Hurricane Ian.The September storm washed away sand dunes and caused erosion to take away parts of the beach.The $27 million of funding will work to get the beach back to normal with sand replacement.“This is not a full renourishment, but ...
Folly Beach received a significant amount of federal funding for emergency renourishment following beach damage from Hurricane Ian.
FOLLY BEACH, S.C. (WCSC) - Folly Beach received a significant amount of federal funding for emergency renourishment following beach damage from Hurricane Ian.
The September storm washed away sand dunes and caused erosion to take away parts of the beach.
The $27 million of funding will work to get the beach back to normal with sand replacement.
“This is not a full renourishment, but it does allow us to get a little more beach back in place for the protection of infrastructure and recreation,” Folly Beach Mayor Tim Goodwin said.
Around 900,000 cubic yards or 90,000 dump trucks of sand, will be replaced, and the city plans to use sand from the Folly River.
“That kind of does two things,” Goodwin said. “It helps us refurbish the beach with beach sand that just kind of washes around in the river, and it kind of opens up the river for the boaters, gets rid of some sand bars.”
The mayor believes beachgoers will be excited about the project, but they are not the only ones who will benefit.
Safety is a concern when the beach is in its current state.
“A lot of people don’t understand but especially in medical emergencies, we have a lot of equipment to carry, so it’s helpful when we can bring that one a cart or a four-wheeler, and with a small beach that’s impacted by the storm, it makes it pretty difficult or impossible to do, so getting this sand is a huge help for us,” the City of Folly Beach Director of Public Safety Andrew Gilreath said.
The sand is also crucial for those who rely on the beach for business.
“Just makes the beach so much deeper, so much more room for everybody, everybody’s not shoulder to shoulder stuffed on the beach, so once we get that new beach it’ll be glory days for us,” Sun & Ski Beach Service Owner Andy Pracht said.
The project most likely will not get underway till after the busy season.
“Everybody just has to work together to get through the summer,” Pracht said. “It’s going to be crowded. It kind of is what it is. Hopefully, we could have a new beach by this summer but we’re not going to. So, if we have one by next summer that would be awesome.”
City officials say this will be the first emergency renourishment Folly has needed since 2018.
They say It will be a few months before a timeline is laid out for the project.
A contract should be awarded in late summer/early fall and construction will start shortly after.
Copyright 2023 WCSC. All rights reserved.
Charleston County Parks and Recreation Officials say they look forward to formally celebrating the Edwin S. Taylor Folly Beach Fishing Pier Wednesday.FOLLY BEACH, S.C. (WCSC) - Charleston County Parks and Recreation Officials say they look forward to formally celebrating the Edwin S. Taylor Folly Beach Fishing Pier Wednesday.The pier will be dedicated at 10 a.m. with a ceremonial cast of fishing lines following ...
Charleston County Parks and Recreation Officials say they look forward to formally celebrating the Edwin S. Taylor Folly Beach Fishing Pier Wednesday.
FOLLY BEACH, S.C. (WCSC) - Charleston County Parks and Recreation Officials say they look forward to formally celebrating the Edwin S. Taylor Folly Beach Fishing Pier Wednesday.
The pier will be dedicated at 10 a.m. with a ceremonial cast of fishing lines following a quiet opening back in December.
Charleston County Parks and Recreation spokesperson Sarah Reynolds said the history of a pier in this location dates back to the 1930s.
Reynolds said Charleston County purchased the land in 1992 and built the “original” wooden pier, which opened in 1995. After it showed signs of deteriorating, officials closed that pier in 2020, tore it down and built a new one from scratch.
But Reynolds said they didn’t want the new pier to lose its original feel, so they decided to build it in the same footprint.
The structure is made from concrete, meaning it will last generations longer than the original, but the walkways, railings and fishing stations are all wooden.
“We knew it was so important to the Lowcountry and to so many visitors and people who have made memories on the pier with fishing and, I’ve heard so many stories of people getting engaged out there and going there after their weddings and stuff, so we knew it meant a lot to a lot of people. So we wanted it to be reminiscent and nostalgic of the previous wooden pier at the site,” Reynolds said.
The pier stretches 1,049 feet and is 25 feet wide and 22 feet above sea level. Charleston County Parks and Recreation says its amenities include a 7,500-sq.-ft. diamond-shaped platform at the end of the pier, beach access, accessible restrooms, showers, rod rentals, a gift and tackle shop and oceanfront dining at Pier 101 Restaurant & Bar.
She said the pier is being dedicated to Edwin S Taylor, a prominent member of their commission in the 1990s and an instrumental part of building the original wooden pier.
The new pier is being dedicated to Taylor once again along with honoring many others who played key roles in its construction.
She said the pier is an iconic landmark, and it is important to acknowledge people who have invested so much time into making the pier a reality.
Copyright 2023 WCSC. All rights reserved.
Dozens of Short-term rental property owners met Monday night on Folly Beach to discuss how to maintain both their property’s value their licenses.FOLLY BEACH, S.C. (WCSC) - Dozens of short-term rental property owners met Monday night on Folly Beach to discuss how to maintain both their property’s value and short-term rental license.This comes after the months-long short-term rental discussion ...
Dozens of Short-term rental property owners met Monday night on Folly Beach to discuss how to maintain both their property’s value their licenses.
FOLLY BEACH, S.C. (WCSC) - Dozens of short-term rental property owners met Monday night on Folly Beach to discuss how to maintain both their property’s value and short-term rental license.
This comes after the months-long short-term rental discussion came to a close last month, officially capping the number of short-term rentals on Folly Beach at 800.
The owner of Folly Beach property management company “Folly’s Best Rentals,” and host of Monday’s meeting, Greg Hart, said the short-term rental cap will drive down property value and make Short-term rental licenses more valuable.
“My advice for those who have a license is to be sure to take care of it, because it’s worth its weight in gold,” Hart said.
Right now, the short-term rental cap is set at 800, and there are currently around 1,200 on the island. Hart said he believes the city will try to lower the number of short-term rental licenses.
He said he encourages property owners to pay attention to strikes on their property, and the short-term rental license renewal date itself. Other suggestions included contacting Folly Beach Officials, and supporting a state-wide bill that would make imposing short-term rental bans illegal.
One short-term rental owner, Randy Holton, said he’s going to keep a close eye on his own short-term rental license.
Holton said when he and his family bought the house thirty years ago, renting it was always part of their retirement plan.
“Now we are reaching retirement age, so we are very threatened by laws that come along and say, ‘no we can’t do that,’” Holton said.
A majority of people at Monday night’s discussion were short-term rental property owners who are against the short-term rental cap.
Live 5 News reached out to The Folly Beach Resident Association, a group that is openly in favor of the short-term rental cap, for a statement.
We at the Folly Beach Residents Association (FRA) were pleased to see the highest voter turnout of any election on the Island vote to retain our sense of community and quality of life by passing the Referendum to CAP Investment Short Term Rental licenses at 800. The City leadership team is now beginning the implementation process of updating ordinances and capturing this decision into implementable city rules and regulations and the FRA is partnering with the City however they need us to through this process. We’ve already heard of one positive shift so far... the City confirmed to us that there are more Long Term Rental licenses being requested.
The City of Folly Beach said they did not want to comment on Monday’s discussion at this time.
Copyright 2023 WCSC. All rights reserved.
FOLLY BEACH – Those looking to book their future vacations on Folly Beach may need to start planning ahead after a recent vote capping the number of short-term rental properties on the barrier island.Folly Beach residents voted “yes” on Tuesday to enact a cap on short-term rentals at 800 units.The results came in 656-579. The vote is expected to change the course of Folly rentals, similar to what’s happening statewide as cities and counties react to an increase in short-term rentals.Folly Beach re...
FOLLY BEACH – Those looking to book their future vacations on Folly Beach may need to start planning ahead after a recent vote capping the number of short-term rental properties on the barrier island.
Folly Beach residents voted “yes” on Tuesday to enact a cap on short-term rentals at 800 units.
The results came in 656-579. The vote is expected to change the course of Folly rentals, similar to what’s happening statewide as cities and counties react to an increase in short-term rentals.
Folly Beach residents have been divided for years on whether to cap short-term rentals.
The beaches of Charleston, including Folly, are largely responsible for the masses of tourists that visit the area each year.
Folly is a popular destination for Upstate, Midlands and Lowcountry folks looking for a weekend escape on the six-mile stretch of a barrier island.
“Tourism, in general, is crucial to Folly,” said Vince Perna, a sign-carrying Folly resident who encouraged people to vote “no” the morning of the vote.
Folly is not the first to see a change in rules and regulations.
The Town of Mount Pleasant capped short-term rental permits at 414 for 2023, half as many as Folly.
The City of North Charleston allows eight guests maximum at any rental, while the city of Charleston allows only four adults at a time in a short-term rental.
The South Carolina Policy Council, an unaffiliated think tank, studied short-term rentals across the state during the summer of 2022.
Folly Beach was included as a “positive example of short-term rental policy,” according to the study.
“The kind of general messaging that we’ve been trying to push to some municipalities is actually to look at the specific problem that your municipality has, and make regulations accordingly,” said Bryce Fielder, senior policy analyst for the Policy Council.
Some residents of Folly and surrounding areas had been campaigning on either side long before the Feb. 7 vote.
Yard signs were scattered across Folly and parts of James Island in support of either “Folly United” or “Save Folly’s Future.”
Before the vote, Folly real estate agent Carrie Rosen wanted the short-term rental cap to be greater than 800.
“If we start a cap north of the amount we have right now, I think we would be able to agree a lot more,” Rosen said. “We wouldn’t have such a divide.”
Rosen helped organize “Folly United,” which argued the cap on short-term rentals hadn’t been fully thought through and feared it would impact Folly’s businesses, taxes and property values.
The other side of the vote was “Save Folly’s Future.”
Its successful mission was to “save a disappearing community and way of life by reversing the island’s population decline,” as said on its website.
A group of residents about a year ago banded together to help create the Folly Beach Residents Association, which supported “Save Folly’s Future.”
The residents association was looking for a compromise, said Ann Peets, who helped the association with its marketing and communications.
“We’re not trying to push people off the island,” Peets said. “It’s a tourist island – everybody gets that. We’re really working together to strive for community balance and quality of life.”
Even though Folly residents have voted “yes” to limiting the number of short-term rentals, that doesn’t mean the issue is settled.
The 1,157 short-term rental licenses held can remain in use until there’s a change of ownership for those properties.
Cyclists, walkers and joggers going through James Island to Folly Beach are one step closer to what officials hope is safer and easier travel.FOLLY BEACH, S.C. (WCSC) - Cyclists, walkers and joggers going through James Island to Folly Beach are one step closer to what officials hope is safer and easier travel.The Rethink Folly Road Complete Streets Initiative focuses on improving connectivity and reducing congestion on Folly Road.The steering com...
Cyclists, walkers and joggers going through James Island to Folly Beach are one step closer to what officials hope is safer and easier travel.
FOLLY BEACH, S.C. (WCSC) - Cyclists, walkers and joggers going through James Island to Folly Beach are one step closer to what officials hope is safer and easier travel.
The Rethink Folly Road Complete Streets Initiative focuses on improving connectivity and reducing congestion on Folly Road.
The steering committee made up of officials from Charleston County, the city of Charleston, James Island and Folly Beach held their quarterly meeting Wednesday to go over where this project stands.
As far as the phase one update, Charleston County says we are seeing “the light at the end of the tunnel.”
The state’s department of transportation and health has officially approved the permits for phase one of Rethink Folly Road, according to a Charleston County official.
Phase one is the initial phase of the bike and pedestrian accommodation project, which includes mixed-use paths or lane markings, but construction cannot start just yet.
James Island Mayor Bill Woolsey says they are thinking of beach traffic and how this would impact construction if it were to start in the summer.
In addition to less traffic, these islanders could also see a beach shuttle connecting Folly Beach to James Island, sometime in the future. The town of James Island put out a survey on this to see if people would really use it.
“There is an interest if we can make the ride feasible,” Jenny Costa Honeycutt, Charleston County District 9 councilmember, said. “That is get out there in a way that makes it, encourages people to ride it instead of simply driving and waiting in traffic on their own.”
A survey that pulled in 400 responses from people on James Island, West Ashley and beyond says 77% of people would use a beach shuttle with 23% would not.
When asked if they would take a 10-minute ride in the shuttle in an alternative lane passing traffic, 86% said yes and 14% said no. When asked if they would take a 45-minute ride in the shuttle in the same lane of traffic, 19% said yes and 81% said no.
Katie Zimmerman, executive director of Charleston Moves, says this data could create transit opportunities in the future.
“I think the results are really telling and really useful,” Zimmerman said. “And its information we keep in the back of our minds proceeding forward.”
Charleston County says they are anticipating a 300-day construction timeline for phase one. There is not a set date of when that will start as of now.
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