With 30 years in the industry

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

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

Why Choose Dan Crance As Your Mortgage Lender in Hanahan, 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.

Ask Dan Anything843-478-5612
 Conventional Mortgage Hanahan, SC

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

 FHA Mortgages Hanahan, 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.
Ask Dan Anything843-478-5612

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 Hanahan, SC.

Refinancing in
Hanahan, 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 Hanahan, 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 Hanahan, 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 Hanahan, 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 Hanahan, 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 Hanahan 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 Hanahan, SC

Trust Dan Crance

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

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Latest News in Hanahan, SC

GALLERY: Skeletons run amok in Hanahan’s Otranto neighborhood

HANAHAN, S.C. (WCBD) – It was a Monday night filled with tricks and treats as the Otranto Civic Club held its annual neighborhood Halloween decorating contest.A cloudy but cool night set the backdrop as judges roamed the historic Hanahan subdivision in search of the funniest, scariest, and most creatively decorated homes this haunt season.Skeletons of many shapes and sizes made appearances throughout the community.One home on North Basilica Avenue is keeping the spirit of Halloween alive with its extravagant displa...

HANAHAN, S.C. (WCBD) – It was a Monday night filled with tricks and treats as the Otranto Civic Club held its annual neighborhood Halloween decorating contest.

A cloudy but cool night set the backdrop as judges roamed the historic Hanahan subdivision in search of the funniest, scariest, and most creatively decorated homes this haunt season.

Skeletons of many shapes and sizes made appearances throughout the community.

One home on North Basilica Avenue is keeping the spirit of Halloween alive with its extravagant display. Here, skeletons run amok – many climbing trees, digging graves or scaling the front of the home. Be sure to look up as winged, bat-like skeletons hover overhead and ghosts fly across the yard.

The resident here tells us it takes roughly two weeks to set up their haunt scene; however, the threat of two tropical systems in September added a little extra time. What started small years ago has expanded to reach nearly every corner of the yard this Halloween. Some of the props, like a gate with stone pillars, are custom-made by the homeowners. Drive by and you’ll see fog rolling across the lawn and perhaps a real back cat or two on the prowl.

The home was awarded first place in the scariest category.

Next door, the “Fooregotten Souls Music Festival” is well underway. A group made up of skeleton rockstars, ‘Don’t Fear the Reapers,’ are performing Halloween favorites like Michael Jackson’s “Thriller,” or “Monster Mash” for passersby. But it’s the barebones spectators that may catch your eye – look closely and you’ll find a flashing groupie or two.

The scene comes with a werewolf serving drinks at the nearby bar, and witches are hanging out just off stage. They earned first place in the funniest category.

Music continues just up the road on Michelle Manor where a “swinging wake” is happening outside one home. Ghosts of every size are found haunting this yard as “Grim Grinning Ghosts” plays from an outside speaker. This scene came in second place for the most creative.

An unnerving display was found on Corsica Court where a home was illuminated in a red flickering glow. Outside stood several dark ghouls – will they be replaced with live actors waiting for a scare on Halloween night? This scene was awarded second place scariest.

Around the loop on Monte Sano Drive, you’ll find homes with happy inflatables, like a family of dinosaurs with their trick-or-treat pails. But continue your drive (or walk) and you’ll find a home just across from Roma Road that takes Halloween decorating to another level.

Neighbors say this home at 20 Monte Sano custom-builds nearly all of her props and scenes. It features a skeleton at a booth selling “Ghoulade & poison apples.” Large red-glowing columns with skeletons make up the fenced-in yard, and you’ll be greeted by the talking “plague doctor” out front. There is much to take in with this impressively decorated yard, so we recommend parking the car to take a closer look.

A sign there reads “Do not let Halloween be a thing of the past. Decorate, turn on your light, hand out candy … Be a community!” This scene was awarded first place for most creative during Monday’s judging.

On the opposite end of Monte Sano Drive is a home you simply cannot miss. Set with a purple and green glow are myriad Halloween animatronics. From witches to skeletons, a giant werewolf, and even the headless horseman — be sure to stop and see what this yard has to offer. The home won first place judge’s choice, and just across the street earned second place judge’s choice.

Here you’ll find large sheets of spiderweb draping portions of the yard. A frightening scarecrow, spiders, and skeletons are taking over!

Many other homes in the neighborhood are decorated with creative, fun, and scary designs. If you are looking for something fun to do with the family, we recommend a drive through the subdivision.

Neighbors say it’s a trick-or-treating hot spot on Halloween night and welcome any guests to come by for a little candy.

Scariest1st place – 11 N. Basilica2nd place – 3 Corsica

Funniest1st place – 13 N. Basilica2nd place – 20 Ravenna

Most Creative1st place – 20 Monte Sano2nd place – 12 Michelle Manor

Judges Choice1st place – 66 Monte Sano2nd place – 67 Monte Sano

‘Bam! And that was it!’: Trees downed during Helene destroy Hanahan home

HANAHAN, S.C. (WCSC) - Despite Hurricane Helene making landfall in Florida, the storm’s winds toppled trees, leaving a Lowcountry mobile home a total loss.“By the time you really heard something it was over. Bam! And that was it. It sounded like a pinecone hitting the top of the trailer or something and all of a sudden bam it was gone,” Leonard Hollins says.He was inside the mobile home at about 5:30 a.m. Friday when the trees came down. He says he was lucky to be in the middle room, where he was physically no...

HANAHAN, S.C. (WCSC) - Despite Hurricane Helene making landfall in Florida, the storm’s winds toppled trees, leaving a Lowcountry mobile home a total loss.

“By the time you really heard something it was over. Bam! And that was it. It sounded like a pinecone hitting the top of the trailer or something and all of a sudden bam it was gone,” Leonard Hollins says.

He was inside the mobile home at about 5:30 a.m. Friday when the trees came down. He says he was lucky to be in the middle room, where he was physically not hurt and able to get out the destruction. The oak and pine toppled in the winds, hitting each other and leaving the home in tatters.

“My dad’s been living here since ‘86. He got real ill because of cancer and stuff, so I moved in to help him out, and he passed away about three months ago,” Hollins says. “And if he didn’t pass away where he was sitting at the table breakfast or drinking coffee this morning, it would have got, the tree would have got him.”

The trees crushed a new car parked out front that was just two weeks old. Hollins is calling it a total loss as well.

“Forty-something years, I go to sleep at night thinking one day a tree is going to come through this bad boy and here it was,” Hollins says.

Jamie Lewis lives at the corner of Old Pointe Road and says his family owned the land for the trailer park for a while. It is his routine to walk around and check out any damage and check on people after a storm.

“Our benchmark is pretty much Hugo, because I was here during Hugo, and actually this, we had some damage during that, but this is worse than that. We came across this, and it’s probably the worst I’ve seen,” Lewis says.

His daughter, Caisa, went on the walk with him and says overnight she could tell how strong the winds were.

“I remember last night, I woke up kind of at like 3 a.m. because I heard something,” she says. “And then I, like, started hearing the rain kind of going hard, then softer. And I kept thinking some of something was coming towards me.”

When she and her dad came up on Hollins’ home, they were shocked as well.

“It was crazy seeing this for the first time in person because I’ve never actually seen a real-life storm, like there’s that in person. It’s like, way worse than Ian was,” she says.

Many people in the neighborhood have lived there a long time. Hollins says he knows most all of his neighbors and it’s really a crazy sight to see his home destroyed while every other on the street is still standing. Hollins says he isn’t the kind of person to ask for help, but he’s not exactly sure what will happen next.

“I’m going to reach out to some friends and families and see if I can stay with them for a little while, until I get a place to live,” he says. “But other than that, I don’t know. It’s like everything somehow to see you don’t know what to do.”

Hollins, his neighbors and his brother and sons say they are grateful he made it out physically unharmed.

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