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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.

 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.

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.

After hours by appointment only. CONTACT DAN

Latest News in Hanahan, SC

Hanahan creates master plan, looks to revitalize town center with new businesses

HANAHAN, S.C. (WCIV) — Hanahan wants to expand.The city of Hanahan has developed a master plan to revitalize its town center and bring more businesses to the area.Kristen O'Neill is a part owner of Theory Collective in Hanahan. The hair salon opened about a year ago."Our team is growing...

HANAHAN, S.C. (WCIV) — Hanahan wants to expand.

The city of Hanahan has developed a master plan to revitalize its town center and bring more businesses to the area.

Kristen O'Neill is a part owner of Theory Collective in Hanahan. The hair salon opened about a year ago.

"Our team is growing. It's great. We offer more services and see more clients," said O'Neill.

O’Neill said she is happy the city is working to bring in more businesses. She thinks more storefronts could mean more traffic at the salon.

"I think it would be great, I mean, especially on Yeamans Hall Road, there is not a whole lot. There's gas stations. It would be great to get a bite to eat up the road," said O'Neill.

She thinks it would be great to work with new businesses.

"We love partnering with local businesses. We have done it in the past and we will do it in the future. However we can support local businesses, we will," said O'Neill.

Mayor Christie Rainwater says there are things that are missing from the city.

"The truth is, we are missing quality businesses, restaurants, boutiques. That’s something people want to see come in. They don’t want to have to go to North Charleston or a neighboring city to go to the doctor," said Mayor Rainwater.

She wants to know what residents see for the future of the town center.

The plan is something they can use to present to those who are interested in coming to the area.

"It really gives us resources that we need to present to people who would like to bring their development or business to Hanahan, and say this is where it may fit best," said the mayor.

The city wants to continue hearing from residents. They have a survey on their website at cityofhanahan.com.

"If you have a dream inside of you and you want to bring it to the downtown of Hanahan, we would love to work with you to do that," said Rainwater.

High turnout rates during first year of early voting in South Carolina

CHARLESTON, S.C. (WCSC) - Just six days before the primary election day, Charleston and Berkeley County have some of the highest turnout numbers in the state during the first year of early voting.In both counties, people were flooding in and out casting their votes by the minute. Hanahan Library is one of three polling locations in Berkeley County that’s seeing a steady increase in voters day by day.“Berkeley County is getting good percentage coming out early,” Doreen Thompson, one of the polling managers at H...

CHARLESTON, S.C. (WCSC) - Just six days before the primary election day, Charleston and Berkeley County have some of the highest turnout numbers in the state during the first year of early voting.

In both counties, people were flooding in and out casting their votes by the minute. Hanahan Library is one of three polling locations in Berkeley County that’s seeing a steady increase in voters day by day.

“Berkeley County is getting good percentage coming out early,” Doreen Thompson, one of the polling managers at Hanahan Library, said. “I can’t say overall how the percentage is, but for this area that we’re working right now, we’re getting fairly well.”

Records show that around 3 million people were registered to vote in 2020, but only about 22% of those people voted.

Isaac Cramer, the director of the Charleston County Board of Elections, is one of the main people in charge of making this happen.

“With our equipment and our poll managers and our training and our recruitment, we’re expecting a high turnout,” Cramer said. “Reality will probably be about that 20% number, but we are expecting a high turnout if that happens, so voters don’t have a long wait as they head into the polls.”

As of now, Charleston County has the fourth-highest number of early voters in the state. In 2018, only 1,700 people cast their votes in the first 30 days using in-person absentee voting. This year, the numbers have doubled to 3,600 in the first six days using early voting.

“Our intent with every election is to find access for every voter,” Cramer said. “So, Charleston, we’ve always led the state in ballots casts ahead of election day. We were actually the model for this legislation with the off-site early voting locations, but with the tight window of time between legislation passing and early voting starting, we weren’t able to expand to multiple locations across the county. But in November, we will have seven locations for early voting. So, we do anticipate this county to lead the state in early voting as we have had in the past.”

Cramer says that if you have not voted already, please visit scvotes.gov to find your polling location. He says he wants you to be best prepared on June 14.

Copyright 2022 WCSC. All rights reserved.

Boil water notice issued for Cainhoy area after water main break

CHARLESTON, S.C. (WCBD) – Charleston Water System has implemented a ‘boil water notice’ for the Cainhoy area due to a water main break.Approximately 1,600 customers are impacted by the notice, including those who live and work between Martins Point Drive and Highway 41 bridge.Charleston Water System said the water main break occurred at Martins Creek.“The notice will remain in effect until water samples confirm the water is safe to drink. CWS will collect water quality samples to be taken to the u...

CHARLESTON, S.C. (WCBD) – Charleston Water System has implemented a ‘boil water notice’ for the Cainhoy area due to a water main break.

Approximately 1,600 customers are impacted by the notice, including those who live and work between Martins Point Drive and Highway 41 bridge.

Charleston Water System said the water main break occurred at Martins Creek.

“The notice will remain in effect until water samples confirm the water is safe to drink. CWS will collect water quality samples to be taken to the utility’s laboratory at the Hanahan Water Treatment Plant in Hanahan,” officials said.

Leaders say it will take 16 hours from the point when the lab finalizes its protocols until the test results are available. “If no bacteria are present within the samples, the advisory will be lifted,” they said.

Customers who may experience discolored water can clear it by running their cold taps for up to five minutes to clear it up. If it doesn’t clear up, simply call CWS Customer Service at (843) 727-6800.

While this notice is in effect, customers are required to:

• Boil tap water vigorously for at least one minute and then let it cool before using it for cooking, drinking, making ice, washing uncooked foods, brushing teeth, and giving to pets.

The minute starts once the water comes to a rolling boil.

• Children, the elderly, and those with compromised immune systems are most likely to become sick if bacteria is present in the water.

• Water filters may not protect against bacteria. Check with the manufacturer, and if in doubt, boil your water.

• Throw away ice made during this advisory.

• Dishwashers and coffee makers do not get hot enough to kill bacteria.

• Tap water is safe to use for all other activities that do not include consumption.

For restaurants and food service establishments SCDHEC requires:

• If you cannot boil water and there is no other option, you MUST stop food service activities until the water is declared safe.

• Stop using appliances and equipment that use drinkable water including dish machines, ice machines, fountainheads, drinking fountains, tea brewers and coffee makers

• Use disposable paper, plastic or foam places, cups, forks, etc.

• Prepare food using water that has been boiled.

• Wash hands with water that has been boiled and cooled.

• Wash, rinse and sanitize pots, pans and other equipment with water that has been boiled and cooled.

Iron Horses want to be ‘in conversation for championships’ every season

Last fall, the Philip Simmons High School football team produced one of the most successful campaigns in the Lowcountry and claimed the first region title in school history.The Iron Horses won 11 games and reached the third round of the Class AA playoffs. Two postseason victories were the first for Philip Simmons since the school’s doors opened in 2017 and the Iron Horses were the last team standing from the Berkeley County School District.Coach Eric Bendig’s bunch moves up to Class AAA this fall, though. While a sm...

Last fall, the Philip Simmons High School football team produced one of the most successful campaigns in the Lowcountry and claimed the first region title in school history.

The Iron Horses won 11 games and reached the third round of the Class AA playoffs. Two postseason victories were the first for Philip Simmons since the school’s doors opened in 2017 and the Iron Horses were the last team standing from the Berkeley County School District.

Coach Eric Bendig’s bunch moves up to Class AAA this fall, though. While a small Class AAA school by enrollment, the Iron Horses have seen their numbers go up on the football field each fall.

“The whole goal when we started the program was to put the program at a premier status,” Bendig said. “We want to be talked about and be in the conversation for championships.”

Bendig’s message to his team over the summer is seasons like 2021 are a by-product of the sweat equity put in during the hottest time of the year.

“We have a lot of kids back who played meaningful snaps,” Bendig said. “We have to make sure they know seasons like last year just don’t happen. You don’t just get a trophy for showing up. Since we’ve been here we’ve been cultivating a culture in the program that you have to earn what you want. If we want to continue our success, we’ve got to put in the work.”

The Iron Horses hit the ground running this month, trying to get dialed in to the best version of themselves for the 2022 campaign. There’s the obligatory running and weight lifting to speak of, and Philip Simmons will compete in three of Cane Bay’s 7-on-7’s in June. They line up against Wando, Lucy Beckham and Georgetown in four different 7-on-7 dates in July. The Iron Horses host the group July 21.

Certainly, it’s not real football and a 7-on-7 win means nothing, but Bendig appreciates the opportunity his guys get to compete wearing Philip Simmons colors.

“There are some coaches who don’t like it or bash it because it’s not real football but our mindset is these guys get a chance to go out there and line up against another team and gain some confidence,” Bendig said. “I’ve seen it with our kids over the years. I’ve seen guys get more comfortable in their skin. They mentally grow from all those reps. I know we’re going to come out of the summer 0-0 but if I’ve got a corner or receiver out there who is replacing somebody, it’s a competitive situation and they can get better and learn some things about themselves.”

Philip Simmons will need to replace quarterback Tripp Williams, who was an all-state pick and the Region 6-AA player of the year as a senior.

Williams passed for 1,570 yards and 22 touchdowns and added 12 more touchdowns and 328 yards on the ground last season. Multiple players are competing for the starting job.

Junior Isaac Schimpf returns in the backfield as an all-region player. He rushed for 747 yards and seven touchdowns and caught 11 passes for 80 yards and a touchdown. Junior running backs Sharod Williams and Markellis Asbury combined for 856 yards on the ground and 11 touchdowns as sophomores.

On the outside, leading receiver Riley Beard, a rising senior, is coming off an all-state season. He grabbed 24 passes for 355 yards and eight touchdowns. Junior Troy Stevenson and senior Jacque Greene each snagged 13 passes and combined for 488 yards and six touchdown catches.

On the other side, Stevenson was all-region as a defensive back and made four interceptions.

Three more all-state players return in sophomore defensive lineman Devontay McNeil, junior defensive lineman Bryce Smalls and senior kicker/punter Griffin Gore.

Smalls and McNeil tallied 91 and 88 stops, respectively, and recovered five fumbles apiece. On special teams, Gore was successful on 51 extra points and seven field goals with 38 touchbacks and a 39.6 per-punt average.

“Even though we only graduated 12 seniors, all 12 of them were leaders and played a lot of meaningful downs,” Bendig said. “They were great leaders and workers. The way they helped bring up the young kids and guide the team was important.”

The first official practice for football season is slated for July 29, with scrimmages and jamborees allowed Aug. 4.

Squads can begin the regular season on Aug. 19 in Week 0, and Philip Simmons opens at Andrews.

The Iron Horses make the jump from Region 6-AA to Region 8-AAA as part of the most recent S.C. High School League realignment. Region foes include Beaufort, Battery Creek, Hanahan and North Charleston.

Beaufort is coming down from Class AAAA and played for the state championship last season. Hanahan handed Philip Simmons its lone setback in the 2021 regular season.

“The preparation and the things we have to put into it have always been the same,” Bendig said. “There are just some different teams in the region. For us it’s going to be business as usual. Obviously, Beaufort is a great program. Art Craig at Hanahan is as good a coach as there is. We’ve played North Charleston before. I’ve never played Battery Creek.”

Residents are frustrated as trains continue to block roads in Hanahan

HANAHAN, S.C. (WCBD) – Hanahan residents are still frustrated over trains that continue to block area roadways for hours at a time.One train was seen blocking Hanahan Road for hours Wednesday morning, and before that, Hanahan town administrator Mike Cochran told News 2 a train sat blocking roads for more than 20 hours straight recently.The road the trains are blocking is a major thor...

HANAHAN, S.C. (WCBD) – Hanahan residents are still frustrated over trains that continue to block area roadways for hours at a time.

One train was seen blocking Hanahan Road for hours Wednesday morning, and before that, Hanahan town administrator Mike Cochran told News 2 a train sat blocking roads for more than 20 hours straight recently.

The road the trains are blocking is a major thoroughfare for people driving to and from Rivers Avenue and Hanahan.

“We’ve got about 7,000 cars a day that cross the tracks right here, and in the last several months, we’ve had multiple instances where the tracks just get blocked by a parked train,” said Cochran.

Drivers are forced to add additional time to their commute; it also slows emergency responses.

“From the city’s perspective, if you’re trying to get an ambulance through the city, you’re crossing here in order to get over to the hospitals,” he explained.

Technically, blocking the road is illegal according to more-than-100-year-old state laws. But the fine is only $5 to $20, and it is difficult to enforce.

“We have contacted CSX and spoke with them on several occasions, and they’re aware of it, but it really is frustrating for our residents and frustrating for everybody involved,” said Cochran. “Last week, it sat there for over 30 hours.”

Cochran said he has a plan that may give residents a way to know when a train is stopped in the area. The county owns the library at the corner of Murray Drive and Highland Park Road. He’s asked about placing a camera there.

“I said is there a way that we could put a camera, or the county put a camera, on the library? If they were to put a camera on that library and point it toward the tracks, we would have a constant feed of exactly what the status of the tracks are.”

The video would also be streamed online.

“We’ll have that ability to push that information out, so while it’s not a perfect solution, it will at least allow an option because right now the only way you know if the tracks are blocked it’s the drive to them.”

News 2 reached out to CSX to see if they have any plans to change their policy of blocking trains for hours at a time. We are waiting to hear back.

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