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Mortgage Broker in Gaffney, 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 Gaffney, SC, who can educate you on mortgage rates and provide trustworthy guidance to help you make an informed decision.

My name is Dan Crance - Gaffney'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 Gaffney, 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 Gaffney, SC
 Refinance Gaffney, SC

Why Choose Dan Crance As Your Mortgage Lender in Gaffney, 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 Gaffney, SC

Home Financing in Gaffney, 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 Gaffney, 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 Gaffney, Dan Crance will help you choose the home loan, interest rate, term options, and payment plans that fit your unique situation.

 FHA Mortgages Gaffney, 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 Gaffney, SC.

Refinancing in
Gaffney, 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 Gaffney, 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 Gaffney, 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 Gaffney, 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 Gaffney, 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 Gaffney 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 Gaffney, SC

Trust Dan Crance

Your Mortgage Lender in Gaffney, 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 Gaffney loves Classic Home Mortgage.

After hours by appointment only. CONTACT DAN

Latest News in Gaffney, SC

Spring Groundbreaking Set for $415M Spec Warehouse Off I-85 in Gaffney, S.C.

The largest ever capital investment in upstate South Carolina's Cherokee County will begin late this spring when Chicago-based Glenstar Properties will start building the $415 million Cherokee Commerce Center 85 (CCC 85) in the town of Gaffney.From start to finish, the warehouse's construction is slated to wrap up in about one year, noted the American Journal of Transportation (AJOT), a national publication.The 550,520-sq.-ft. spec-to-suit warehouse, known as Building 2, will be built so that it can be expanded to 1.3 million s...

The largest ever capital investment in upstate South Carolina's Cherokee County will begin late this spring when Chicago-based Glenstar Properties will start building the $415 million Cherokee Commerce Center 85 (CCC 85) in the town of Gaffney.

From start to finish, the warehouse's construction is slated to wrap up in about one year, noted the American Journal of Transportation (AJOT), a national publication.

The 550,520-sq.-ft. spec-to-suit warehouse, known as Building 2, will be built so that it can be expanded to 1.3 million sq. ft., if needed.

It is only one of five buildings planned by Glenstar and its partner, Creek Lane Capital, for the 290-acre warehouse park that will encompass 3.6 million-sq.-ft. at the intersection of S.C. Highway 105/Hyatt Street and the Interstate 85 corridor. It is an area of rapid growth between Greenville-Spartanburg, S.C., to the southwest, and Charlotte, N.C., to the northeast.

Glenstar, known for two decades as a national office and multifamily developer, is expanding its recent focus in industrial development with the Gaffney project. The news of CCC 85 follows the firm's 2022 debut in the southeast U.S. industrial sector with the groundbreaking of Tri-County 75, a new 72-acre, four-building industrial park in Fort Myers, Fla., totaling 818,000 sq. ft.

Last year, Glenstar also made the strategic hire of 30-year industrial veteran Brian Netzky as its principal. He joins company co-founder Michel Klein in leading the firm's new industrial initiatives, which are primarily focused on the Sunbelt region, and specifically the Southeast's booming I-85 corridor.

CCC 85 to Offer Massive Product Storage Space

All the warehouses at CCC 85 are being built on a speculative basis with pre-leasing now under way.

Building 2 will have a cross-dock orientation, 40-ft. clear heights, up to 232 dock doors, four drive-in doors, and parking for 452 trailers and 540 cars.

The next to break ground will be Building 4, which will include a rear-load orientation, 36-ft. clear heights, 56 dock doors, two drive-in doors, and parking for 132 trailers and 324 cars.

"Due to CCC 85's massive scope and ideal location, tenants can choose from a range of mid- to bulk-size, and best-in-class industrial space adjacent to the I-85 corridor, one of the most critical supply chain links in the Southeast," said Netzky. "The ample space also allows for flexibility to accommodate up to 1.7 million sq. ft. under one roof."

CCC 85 will be located 33 mi. from the BMW Group Plant in Spartanburg, 38 mi. from Inland Port Greer and 50 mi. southwest of Charlotte. From CCC 85, tenants can reach 100 million consumers within a one-day drive, noted AJOT. Tenants and owner/occupiers also will have access to Tier-3 incentives to further maximize their return on investment.

The Conlan Company, a Texas-based firm with an office in Marietta, Ga., will serve as the project's general contractor; South Carolina's SeamonWhiteside will provide civil engineering services.

In addition, Ware Malcomb, a nationally known architecture firm in Irvine, Calif., was selected to design CCC 85.

The industrial space will be leased by Charlotte-based Colliers, recognized as one of the nation's top commercial real estate companies.

"Despite headwinds and talk of cooling in some markets, we see only room to run for industrial, particularly in the Southeast, which has record-low occupancy combined with tremendous population growth that's creating even more demand," said Glenstar's Klein. "We anticipate significant pre-leasing on our ground-up, big box, institutional-quality industrial facilities, which enables us to modify the spec space to suit tenant needs in real-time."

Bakery's $96 million facility will bring hundreds of jobs to Upstate South Carolina, officials say

GAFFNEY, S.C. —More than 250 jobs are coming to the Upstate thanks to a new bakery, officials said Wednesday.State officials announced that Gaffney Bakery, LLC and its partners plan to establish operations in Cherokee County.The company’s $96 million investment will create more than 260 new jobs, officials said.“Gaffney Bakery, LLC recognizes that South Carolina is the key ingredient for success," Chairman of the Senate Finance Committee Harvey S. Peeler Jr. said. "Our ...


More than 250 jobs are coming to the Upstate thanks to a new bakery, officials said Wednesday.

State officials announced that Gaffney Bakery, LLC and its partners plan to establish operations in Cherokee County.

The company’s $96 million investment will create more than 260 new jobs, officials said.

“Gaffney Bakery, LLC recognizes that South Carolina is the key ingredient for success," Chairman of the Senate Finance Committee Harvey S. Peeler Jr. said. "Our greatest asset – our people – is what makes that ingredient so strong."

Gaffney Bakery, LLC plans to purchase an existing state-of-the-art bakery facility located at 131 Corporate Drive in Gaffney that once housed ACE Bakery operations until it closed late last year.

Here is a look at the inside of the bakery facility when ACE opened in 2013.

The company will make significant renovations and improvements to assist in manufacturing frozen bakery products, officials said.

Operations are expected to be online by mid-2024.

More news (story will continue after links.)

Anyone interested in applying for a job at the new bakery should visit readySC in late 2023 and early 2024 for job postings, officials said.

Company officials look forward to opening this facility and partnering with South Carolina and Cherokee County.

Old Europe transports South Carolina customers with sweet tooth to traditional cafe

"This is a testament to the strength of our workforce, our business-friendly environment and our strategic location," Cherokee County Council Chairman Tim Spencer said. "We look forward to supporting their growth and success in our community."

The Coordinating Council for Economic Development approved job development credits related to this project. The council also awarded a $2.5 million Rural Infrastructure Fund grant to Cherokee County to assist with the costs of building improvements.


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