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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 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.

Service Areas
Mortgage Broker Folly Beach, SC
 Refinance Folly Beach, SC

Why Choose Dan Crance As Your Mortgage Lender in Folly Beach, SC?

Clients choose my mortgage company because I truly care about helping them navigate the often-confusing landscape of the mortgage process. I am fiercely dedicated to my clients and make every effort to provide them with trustworthy advice and an open line of communication.

In my business, I work for two different customers. On one hand, I have the buyer: the person entrusting me with the responsibility of guiding them through one of the most important decisions ever. Serving homebuyers is not a task that I take lightly. I work with them daily to help them through the process and provide timely updates and news on their mortgage status. On the other hand, I have the realtor: the person who works with my client to find their dream home. Since their commission is in my hands, working with realtors is also a very important task. I update these agents on the status of their customers weekly. Only when I take care of both parties can I say my job as a mortgage loan officer is complete.

As a mortgage broker with more than 30 years of experience, I pledge to give you the highest level of customer service while providing you with the most competitive loan products available. That way, you can buy the home of your dreams without second-guessing your decision.

 Conventional Mortgage Folly Beach, SC

Home Financing in Folly Beach, 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 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.

 FHA Mortgages Folly Beach, SC

When you work with Classic Home Mortgage, you can always count on our team to:

  • Put your needs first.
  • Work efficiently and quickly. Many of our home loans close in 30 days or less.
  • Offer you a variety of home loans to choose from, and help you make an informed decision.
  • Provide you with competitive rates that make sense for your budget and lifestyle.

While no two loan terms are the same, a few of the most common loan types include:

30-Year Loan - This loan is often considered the most secure option to choose. With a 30-year loan, you can lock in a low payment amount and rest easy knowing your rate won't change.

FHA Loan - If you're not able to make a large down payment, an FHA loan could be the right choice for you. With an FHA loan, many of our clients have successfully purchased a home with less than 4% down.

VA Loan - This loan is reserved for military veterans and active-duty men and women. Those who qualify may be able to purchase a home with no down payment and no Private Mortgage Insurance (PMI).

Choosing a home loan is an important step in the home buying process. At Classic Home Mortgage, we are here to make choosing a loan as easy as possible, so you can focus on the joys of being a homeowner. Contact our team of experts today and ask how you can get pre-qualified for your home loan in Folly Beach, SC.

Refinancing 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.

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 Folly Beach, SC
Shorter Term Loan

Shorter Term Loan

Refinancing from a 30-year to a 15-year mortgage might seem counterproductive on the surface because your monthly payment usually goes up. However, interest rates on 15-year mortgages are lower. And when you shave off years of your previous mortgage, you will pay less interest over time. These savings can be very beneficial if you are not taking the mortgage interest deduction on your tax returns.

Do Away with FHA

Do Away with FHA

FHA loans are notorious for paying premiums for the life of the loan. Mortgage insurance premiums for FHA loans can cost borrowers as much as $1,050 a year for every $100k borrowed. The only way to get rid of mortgage insurance premiums is to refinance to a new loan that the Federal Housing Authority does not back.

Switch to Fixed Rate or Adjustable-Rate Home Loan

Switch to Fixed Rate or Adjustable-Rate Home Loan

Sometimes, borrowers with adjustable-rate mortgages refinance so they can switch to a fixed rate, which lets them lock in an interest rate. Doing so is beneficial for some homeowners who like to know exactly how much their monthly payment is each month. Conversely, some homeowners with fixed rates prefer to refinance to an adjustable-rate mortgage. Homeowners often go this route if they plan on selling in a few years and don't mind risking a higher rate if their plans fall through.

 Mortgage Banker Folly Beach, SC

Common Questions About Home Loans

Finding the right loan can be a difficult proposition, even if you have been through the process before. This is especially true since mortgage rates and market conditions change frequently. If you're like most of my clients, you probably have questions about interest rates, refinancing options, and a litany of other topics. To help alleviate some of your stress, here are just a few common questions with answers so that you can better educate yourself as we work our way to securing your loan.

Generally speaking, you should consider refinancing when mortgage rates are 2% lower than the current rate on your home loan. For some homeowners, refinancing makes sense when there is only a 1% difference. Reducing your mortgage rate is a great way to save money or apply your savings to a home upgrade. The money you save on your refinanced loan depends on your loan amount, budget, income, and charges from interest rates. It's crucial that you work with a trusted mortgage loan officer in Folly Beach, 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 Folly Beach 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 Folly Beach, SC

Trust Dan Crance

Your Mortgage Lender in Folly Beach, 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 Folly Beach loves Classic Home Mortgage.

After hours by appointment only. CONTACT DAN

Latest News in Folly Beach, SC

Nearshore placement project at Folly Beach proves to be successful, another in the works

CHARLESTON COUNTY, S.C. (WCIV) — The Army Corps of Engineers is working to replenish Folly Beach by using what is called a "nearshore placement" project.&...

CHARLESTON COUNTY, S.C. (WCIV) — The Army Corps of Engineers is working to replenish Folly Beach by using what is called a "nearshore placement" project.

"You would literally walk off the steps and the water would be underneath the steps. There's no beach at high tide at all, like down by the washout," says Folly Beach visitor Amy Heaton.

Beach replenishment projects are crucial in protecting beaches and buildings on Folly.

"This will help protect the infrastructure of the homes, the businesses behind the beach, as a protective structural measure," says Wes Wilson, project manager with the Army Corps of Engineers in Charleston.

One of the ways to replenish beaches is through a project that has worked before.

"The nearshore placement project is a really innovative approach that the Army Corps is taking to utilize sediment that is being dredged for navigation purposes and to keep the boating channels clear, and then take that sand and help to feed the beaches in a different way than traditional beach nourishment," says Nicole Elko, president of Elko Coastal Consulting.

The last nearshore placement project took place in 2021. The Army Corps of Engineers and City of Folly Beach dredged up 50,000 cubic yards of sand from the Folly River, took it to the northeast end of the beach and dumped it about 200 to 300 yards offshore.

It proved to be successful thanks to the tracer monitoring contract and some colorful markers.

"The contractor used orange and pink dye in some of their sand loads and disposed of it. They sampled it and determined where on the beach those particular deposits landed," says Wilson.

These placement projects come with a lot of benefits.

"It is known to be a lot more environmentally friendly, too. That's one of the things we look for. The three "E's" is engineering, economics and environmental. The economics- that's cheaper; environmentally more friendly; and the engineering is constructible," says Wilson.

Another project is already being designed due to the success of the first. It is projected to wrap up by late spring of 2023.

These projects are federally funded.

Children with autism ride the waves during annual Surfers Healing Folly Beach event

FOLLY BEACH, S.C. (WCIV) — The crashing waves off Folly's coastline is the perfect place to make that perfect connection."This is awesome man. Surfers Heal...

FOLLY BEACH, S.C. (WCIV) — The crashing waves off Folly's coastline is the perfect place to make that perfect connection.

"This is awesome man. Surfers Healing Folly Beach." The volunteers were definitely excited.

So, you can imagine how the families of Autistic children and the pros on the surfboards feel.

"They're healing me," says a surfer who goes by the name Sushi. Probably a good mix for the turf and surf environment.

The expression of joy on the faces of the kids who surfed with Sushi, and his own face after each ride, are tough to describe but amazing to see.

"Just being able to experience something that you think your kid on the spectrum will never experience."

That's Jessica Miler. She's a mom of two autistic kids taking part in the annual program. It's the family's third year.

Surfers Healing's Folly Beach event has been going on for more than a decade.

It gives children struggling with social abilities a chance to surf in a family-like atmosphere.

250 participants plus around another 250 volunteers, staff, family members and surfers from around the country- making it happen.

One of the organizers, Nancy Morris, tells us during her years working the event, "I've seen parents who've never seen their kids swim or do anything -- they don't have to be able to swim -- but never seen their kids come to the beach, because it's too hard to bring them. Get to experience a beach day for the first time."

It's emotional moments that the event brings out.

Morris says, "Like standing with parents and really having them, never gotten to see, I've had people just be like 'I didn't know he could do this.' And just tears streaming down their faces."

Morris hears the children's loved ones and strangers cheering them on.

Jessica Miler keeps discovering more moments that'll last for years as her kids, Brody and Izzy, are steadied on a surfboard while feeling the waves crash around them.

"To see my kid out there. It's just a locked memory."

Each of the kids not only got pictures taken and big hugs after surveying the surf- they also got special medals.

A new restaurant moving into the former Zia Taqueria in West Asheville, plus Biltmore Park

ASHEVILLE - The question of what will take over the former Zia Taqueria location in West Asheville has been answered.South Carolina-based restaurant management company has announced it will make its Asheville debut with two Taco Boy restaurant locations slated for the mountain city.“I couldn’t be more excited to bring Taco Boy to Asheville. Living in both cities has confirmed what I always believed as a visitor: that our values, as a family of neighborhood taquerias, align with the greater sense of pu...

ASHEVILLE - The question of what will take over the former Zia Taqueria location in West Asheville has been answered.

South Carolina-based restaurant management company has announced it will make its Asheville debut with two Taco Boy restaurant locations slated for the mountain city.

“I couldn’t be more excited to bring Taco Boy to Asheville. Living in both cities has confirmed what I always believed as a visitor: that our values, as a family of neighborhood taquerias, align with the greater sense of purpose I feel within the community in Western North Carolina,” founder Karalee Nielsen Fallert said in a news release. She is also the founder and CEO of All Good Industries restaurant management group. “We believe that all good things are possible with the power of inclusivity, generosity, interconnectedness and tacos ... and always EXTRA guac!”

Taco Boy, a Mexican cuisine-inspired eatery, will open at 521 Haywood Road, tentatively by the end of 2022. It is the address of Zia Tacqueria, which closed in May.

Hiring for Taco Boy will begin in November.

The venue will be remodeled before opening day and the décor will be accented by work from local artisans. It will be designed to encourage community collaboration through food, drink, music, entertainment and art.

Related:West Asheville restaurant announces permanent closure after 10 years of service

Food news:Cookbook dinner with James Beard chefs, new hot sauce, freebies and deals

By spring 2023, a second location is scheduled to open in Biltmore Park Town Square, 2 Town Square Blvd., #130. Hiring is expected to begin in late January.

In 2006, the first Taco Boy was opened in Folly Beach and now operates with a location in downtown Charleston and Summerville, South Carolina.

Taco Boy touts its fresh, scratch-made Mexican-inspired dishes and drinks. The menu features tacos, fajitas, quesadillas, rice and beans, chipotle slaw, Mexican street corn, guacamole and more.

Vegetarian, vegan and gluten-free options will be available.

“All tortillas will be made in-house using heirloom corn and a traditional nixtamalization process,” according to the news release.

The beverage menu features margaritas and Latin-infused craft cocktails.

The restaurant will offer brunch services, too.

The Asheville team will be headed by culinary director Francisco Alvarez. The chef offers his training and experience gained at Las Vegas restaurants and through his Mexican family and heritage.

Maty Hollingsworth will be the beverage director, described as a long-time Ashevillian and restaurant industry veteran who’s managed beverage programs at many local restaurants including Jargon and Limones.

View Taco Boy’s menu at tacoboy.net.

Tiana Kennell is the food and dining reporter for the Asheville Citizen Times, part of the USA Today Network. Email her at tkennell@citizentimes.com or follow her on Twitter/Instagram @PrincessOfPage. Please help support this type of journalism with a subscription to the Citizen Times.

These are the best beaches near military towns

MIGHTY CULTURE Sun! Fun! Sand and beach. If you’re fortunate enough to live at an installation that’s near a beach – or if you’re willing to brave the gas prices and set out on a great American road trip for Labor Day weekend, why not check out this list of the best beaches near military towns?Hello, Florida! Topping our list are two installations in Florida. Because, let’s face it ...

MIGHTY CULTURE

Sun! Fun! Sand and beach. If you’re fortunate enough to live at an installation that’s near a beach – or if you’re willing to brave the gas prices and set out on a great American road trip for Labor Day weekend, why not check out this list of the best beaches near military towns?

Hello, Florida!

Topping our list are two installations in Florida. Because, let’s face it – if you’re assigned to Florida, you’re going to need to find a little R&R.

First up is Naval Air Station Key West. If you’re a lucky Sailor, you’ll get stationed at Naval Air Station Key West. The Florida Keys are widely known for being a tropical paradise, complete with white sand beaches and a turquoise sea. Year-round beach weather sure doesn’t hurt either. NAS Key West will have you hoping you are never transferred anywhere else. Year-round tropical weather, soft white sand beaches, and stunning turquoise seas make this joint installation among the most coveted in the country.

Just like Key West, Naval Air Station Pensacola is almost a dream come true. NAS Pensacola sits in Pensacola, Florida, on the Sunshine State’s beautiful panhandle. The base has a private beach to enjoy, though there is plenty more where that came from if you venture around the area. An extra perk of getting stationed here is its relatively low cost of living, despite the prime location. For any beach-lover out there, this installation is the perfect place to land. That’s because this installation boasts it’s own private beach! And, you’ll be looking right out into the Gulf of Mexico. Not too bad compared with some of the other places the DoD can send you.

South Carolina, here we come

The beaches of South Carolina are stunning, so getting stationed at Joint Base Charleston is right up a beach lover’s alley. The immediate area is home to six beaches, like Folly Beach and Isle of Palms Beach. Myrtle Beach and Hilton Head are not very far either. All in all, the variety of gorgeous coastline will keep you busy in your off-hours.

Virginia is for Lovers

Naval Air Station Norfolk is in Norfolk, Virginia, right on the Atlantic coast. Ocean View Beach is nearby, just off base. If you venture a little further, you will arrive at Virginia Beach, a quaint and lively town with a sprawling beach right in the middle of it. All in all, NAS Norfolk should be on any beach lover’s “dream list.” Besides its stunning beaches, NAS Norfolk is the largest Naval base in the world. That means there’s plenty to see, do, and learn. You can get an up-close look at everything from aircraft to assault shifts, destroyers, and even frigates!

Sunny San Diego

There is no shortage of beaches in San Diego and no shortage of military installations either. Did you know that San Diego is long considered the city with the best weather in the US? So when the DoD sends you off to the west coast, it really might just be a dream come true! While any military assignment in San Diego is a lucky draw, Naval Base Coronado has extra appeal. Beaches line Coronado Island, so you won’t have to drive across town to lie in the sand, soak up the sun, and swim in either the San Diego Bay or the Pacific Ocean. While on base, you can easily fill your time with all kinds of great water sports. Be sure to try your hand at surfing and parasailing – they’re harder than they look!

Hawaii, AKA paradise

Hawaii has some of the best beaches in the world, so count your blessings if you find yourself stationed at Marine Corps Base Hawaii. (Or even if you get assigned to Schofield Barracks!) On the tropical island of Oahu, take your pick of beach styles. Some have giant surfing waves, while others are calmer for taking a peaceful dip. The Marine base even has four of its own private beaches if you’re not in the mood to venture out. No matter where you look, the beaches and surfing are to die for. Be sure to check out the amazing hiking opportunities everywhere. And, the weather there are gorgeous volcano hikes all around, and the warm and sunny weather makes it perfect to spend your free days exploring no matter the time of year. As if all that weren’t enough, being in Honolulu means you get the cultural benefits of a city while still being surrounded by some of the most spectacular nature on the planet.

Spring Break in South Carolina: Folly Beach & Charleston

Like most people, when I go on vacation with my family, I like to take a break from work. Hence, why there aren’t in-depth posts here on the blog about most of our travels. When we’re away, I don’t want the pressure of recording all the details or feeling like I need to check out certain things to report back; on vacation, I generally like to go with the flow and relax. I’ve written about some of our shorter closer-to-home tr...

Like most people, when I go on vacation with my family, I like to take a break from work. Hence, why there aren’t in-depth posts here on the blog about most of our travels. When we’re away, I don’t want the pressure of recording all the details or feeling like I need to check out certain things to report back; on vacation, I generally like to go with the flow and relax. I’ve written about some of our shorter closer-to-home trips, but the bigger ones I usually just share through Instagram posts (if interested, check out Idaho, Asheville, Mexico, Croatia, Barcelona, Maine, Vermont, California, Nicaragua).

This is my rambling way of explaining why this post about our Spring Break trip to South Carolina — specifically Folly Beach and Charleston — is mostly scenes and quick tips, less of a thorough guide. But sometimes, that’s all you need — inspo for a destination, a starting point for planning, and a few ideas for activities.

So, the quick gist of our trip: We spent three nights in Folly Beach, three nights in Charleston (and one in NC on the way down to break up the eight-hour drive). At the last minute, my friend Margaret and her family decided to meet us there, so we spent a lot of time with them (though stayed in separate places since we’d already booked when they decided to join). Our crews always have a great time together and similar traveling sensibilities (very important when traveling with others). She also posted about the trip in her Designer’s Guide to Charleston SC (she’s an architect and interior design extraordinaire), which includes details that this post doesn’t, so be sure to check it out for even more travel inspiration!

FOLLY BEACH

This actually wasn’t our first Spring Break getaway to the area, though last time we stayed in Charleston and Isle of Palms. During that trip, we took a drive south to Folly and decided that next time we would stay there. Both are great in their own ways, but Folly has a more laid-back surf vibe and more of a town, plus there is excellent fossil hunting! We found a rental through Airbnb that was perfect — just the right size for our family, an easy walk to the beach, and surrounded by leafy trees.

Part of the reason we went to SC for Spring Break was better chances for warmer temps than more northern beaches, and that was a good call, because the weather was fantastic. Sunny and high 70s made for very pleasant days on the beach, and the water wasn’t too cold for swimming.

We ate most of our meals out, but had breakfast and snacks at the house. There are a bunch of good restaurants and places to get a bite in town, most of them casual and fun. Our favorite easily Chico Feo, with delicious tacos, sandwiches, bowls, and drinks. For snacks and stuff at the house, Bert’s Market had everything we needed and then some. It’s not a huge grocery store, but they also have take out sandwiches and other freshly made fare, plus it’s open 24 hours. And non-food related, but I must mention the great massage I had at Folly Beach Medispa.

Before we headed to Charleston after we left our digs in Folly, we went to see Morris Island Lighthouse. You can’t actually go in or even get up close to it, but we walked to a small beach to get a view. However, the path leading to the beach may have been the highlight, the stretch of asphalt covered with colorful graffiti. The walk should have been quick, but we kept stopping to check out the art beneath our feet.

CHARLESTON

Okay, I’ll be straight up: This part of our trip was really a lot of eating and drinking and walking around. We’d been to the city before and had done a lot of touristy stuff — Fort Sumter and tours of historic places, etc. — and we didn’t feel the need to repeat them. So, besides the guys taking a water taxi to the Patriots Point Naval and Maritime Museum (while Margaret, Sasha, and I shopped on King Street), we really mostly ate, drank, strolled, and just enjoyed hanging out with everyone. Here’s a recap of that in pictures.

Have you been to Folly Beach or Charleston? What are some of your favorite things to do and places to go there?

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