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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.

 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’s Otranto neighborhood goes all-in for Halloween

HANAHAN, S.C. (WCBD) – It was a chilly and crisp October night in the Otranto neighborhood on Monday, a perfect setting for the community’s annual Halloween decorating contest.A walk down many of the Italian-named streets and you’ll see the sparkle of orange, green and purple lights inviting a view from passersby — but look a little closer and you’ll find skeletons running amuck and ghosts dangling in the trees high above.While many homes in the neighborhood are beautifully decorated for the fall s...

HANAHAN, S.C. (WCBD) – It was a chilly and crisp October night in the Otranto neighborhood on Monday, a perfect setting for the community’s annual Halloween decorating contest.

A walk down many of the Italian-named streets and you’ll see the sparkle of orange, green and purple lights inviting a view from passersby — but look a little closer and you’ll find skeletons running amuck and ghosts dangling in the trees high above.

While many homes in the neighborhood are beautifully decorated for the fall season, the star of the show is there along Monte Sano Drive where you’ll find home after home boasting dazzling but spooky décor.

Just past a home where Freddy Kruger himself sits off the front porch — and across from Roma Road — is a wildly haunted cemetery scene. There is much to take in with a dark creature looming over the graveyard and eye-catching creatures no matter where you turn.

At this home you will find a sign out front begging neighbors to keep Halloween a beloved holiday. “Do not let Halloween be a thing of the past,” the sign read. “Decorate, turn on your light, hand out candy … Be a community!”

It was the Judge’s Choice 1st place winner.

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A walk around the loop, enjoy the sights and sounds of inflatable ghosts and animated ghouls shouting at you from the roadway. Or a skeleton who was not able to keep anything down.

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 begging for your soul. From witches to skeletons, a giant werewolf and even the headless horseman — be sure to stop and see what this yard has to offer.

Our favorite was the green goblin and a nicely timed scare. The home won second place scariest yard.

And just across the street you’ll find large sheets of spiderweb draping portions of the yard. A frightening scarecrow and large ghosts were the setting for this home winning second place most creative.

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A short trip away down Monte Sano Court and you’ll find a home fit for Jack and Sally.

Say hello to Oogie Boogie and the gang as you walk through the pumpkin shaped door and take in the Nightmare Before Christmas themed yard including scenes from Halloween, Easter, and Christmas.

11th Hanahan military fest celebrates veterans, offers post-service resources

BERKELEY COUNTY, S.C. (WCSC) - Hundreds gathered in Hanahan on Saturday for a full-day affair dedicated to honoring the nation’s veterans.Several community members say it is vital to prioritize our Lowcountry military before, during and after their service.“That’s what it’s all about,” Navy Veteran Jerry Oldham says. “Right here. I’m one of you all, you’re one of us. We’re in this all together.”After two tours in Vietnam and several years of service, Oldham now ...

BERKELEY COUNTY, S.C. (WCSC) - Hundreds gathered in Hanahan on Saturday for a full-day affair dedicated to honoring the nation’s veterans.

Several community members say it is vital to prioritize our Lowcountry military before, during and after their service.

“That’s what it’s all about,” Navy Veteran Jerry Oldham says. “Right here. I’m one of you all, you’re one of us. We’re in this all together.”

After two tours in Vietnam and several years of service, Oldham now calls the Lowcountry his home.

He believes post-military resources didn’t always exist, but they are more important than ever.

“There’s more programs, opportunities, more things that look to help veterans today that weren’t there in the past.”

400,000 veterans currently live in the state out of 20 million nationwide, according to studies done by the South Carolina Department of Health and Environmental Control.

28% of them are experiencing a disability of some kind, whether physical or mental health-related.

Besides the day filled with speeches, songs, treats and trinket shopping, a handful of vendors were in attendance to support transitioning and post-service veterans.

“Whether it’s a lifelong career or just a few years, they come out different than when they went in,” City of Hanahan Mayor Christie Rainwater says. “They often need services and support.”

“Education, employment, nutrition, housing, social networking, all the different things which hug a veteran through their transition,” Palmetto Pathfinder Jean Brooks adds.

Palmetto Pathfinder is one of the many options available to veterans who need assistance.

It is a three-day mentorship program through the statewide Department of Veterans Affairs.

“A Pathfinder is a mentor for other veterans,” Brooks says. “We can speak to each other in our own language and provide resources.”

Oldham says it is heartwarming to see advocacy and celebration from the community in a time where it is becoming “less common.”

“It kind of hurts me sometimes, the things that happen today because people just don’t appreciate it.”

The City of Hanahan has been a long-time supporter with a population consisting of mostly military families.

They say they hope to continue to foster relationships and work toward making resources more accessible until the festivities start again next year.

“To those post-military, say ‘Hey, how can we support you, what are you in need of? You have served us, now we want to serve you.’”

For information on Veterans Affairs services, click here.

For information on the Palmetto Pathfinder Program, click here.

Copyright 2023 WCSC. All rights reserved.

Commentary: What makes a home? Hanahan has an answer to that.

Hanahan ... home sweet home. I regret to say I wasn’t born here. But I sure got here as fast as I could.Growing up in Hanahan would have felt like an American dream.However, I truly believe that not growing up here has created a deeper appreciation for where I now choose to live and raise my family. While the location is ideal and central to the Charleston region, it’s the culture and family values that I treasure most.Throughout this year, Hanahan has been celebrating its 50th birthday. This area was populat...

Hanahan ... home sweet home. I regret to say I wasn’t born here. But I sure got here as fast as I could.

Growing up in Hanahan would have felt like an American dream.

However, I truly believe that not growing up here has created a deeper appreciation for where I now choose to live and raise my family. While the location is ideal and central to the Charleston region, it’s the culture and family values that I treasure most.

Throughout this year, Hanahan has been celebrating its 50th birthday. This area was populated as far back as the 1600s, and one would find plantations where homes, parks and businesses now stand.

Sir John Yeamans founded Yeamans Hall, and brothers Arthur and Edward Middleton established Otranto Plantation to name a few of the first settlers.

After Reconstruction, the Charleston region grew, and so did its needs, especially for water.

To meet that need, the Commissioners of Public Works was established and purchased the Goose Creek Reservoir.

It later developed a vast system of tunnels and a pumping station to supply potable water to the region.

In addition to being a businessman and influential leader of this time, J. Ross Hanahan was named the first chairman of the Commissioners of Public Works. Upon his departure, the pumping station was named after him, and the area became known as Hanahan.

Schools were built. Business were created. Homes were established.

In September of 1973 (only a year after North Charleston officially became a city), the city of Hanahan was officially incorporated.

The city is still known for its award-winning schools, sports and community culture.

I recently co-authored a book called “Hanahan,” released by Arcadia publishing, as a part of its Images of America series.

When we met with people to learn about how Hanahan came to be, the stories weren’t just logistical. They were personal.

Stories of jumping off the train trestle into the water, dads coming home from work from the shipyard or paper mill, students at Senior Hill, first dates at the Arcadia Rollerdrome at Port Park, fishing at Mabeline Lodge and more.

Many stories started with “One time ...” or “Back in the day ...”

While the formation of the city itself is so important, just as important are the stories of the daily experiences of the people who became the city of Hanahan.

I began by referring to Hanahan as home sweet home. Many reading this will think of a place, a location, maybe even a house.

However, those who live in Hanahan know that home sweet home means the people, because through this extraordinary community one quickly learns that home is not a place but a person, or in our case, the people who surround us.

Christie Rainwater is Mayor of Hanahan.

Hanahan Middle School students learn to save lives

HANAHAN, S.C. (WCIV) — Learning how to save lives one class at a time is the goal of a course at Hanahan Middle School."Our principal came to me last year , wanting to start a new class," teacher Susan Hill said. "And we did."Read more: Berkeley County begins construction of Nexton Middle School...

HANAHAN, S.C. (WCIV) — Learning how to save lives one class at a time is the goal of a course at Hanahan Middle School.

"Our principal came to me last year , wanting to start a new class," teacher Susan Hill said. "And we did."

Read more: Berkeley County begins construction of Nexton Middle School

The new class, called Introduction to Health Professions, brings the medical world to the classroom.

"We go through a lot about the body systems, different tools used by health professionals, and different types of jobs," Hill said.

For students to get a complete understanding of what it’s like to work in the medical field, health professionals from the community are invited to come speak, including Rodney Profit, a training captain with Boeing Security and Fire.

Learning about these jobs isn't the only takeaway for the students; they leave the course certified in basic life support.

Learning how to save lives one class at a time is the goal of a course at Hanahan Middle School. (WCIV)

"We do everything from adult child infant, CPR, choking first aid, and AED usages to get these students certified in basic life support," Profit said. "Students are given a chance to kind of look and explore what's out there for them and letting them know that there are no hurdles. If there are any hurdles, they can transverse those hurdles, but no one can tell them they can't do what they want to do.”

This encouragement has left students with the world at their fingertips.

"This has opened a lot more like pathways," student Lianny Martinez said.

Student, Savannah Wika said, "I would say it really like helped me realize what I really want to do for like a job. It really opened up what's happening when you go to the hospital."

Read more: BCSD approves $1.5K and $500 bonuses for fourth incentive of the year

The course also includes off-campus field trips. The class recently visited Charleston Southern University (CSU), where students got a tour of the campus.

For Hill, she believes each and every one of the students are more than capable of accomplishing their dreams.

"I just hope they understand how valuable they are and what a future they have," she said. "They have their whole lives in front of them and I'm just really excited to see what they do with that."

Hill says she could not be prouder of her students and teaching them has been a rewarding experience.

Lowcountry Music Hall of Fame inducts members this Sunday

Musicians and business owners across the Charleston area will be celebrated for their achievements at the annual Lowcountry Music Hall of Fame.The idea to create a local celebration for the area’s musicians came from Michael Davis in 2015. Davis owns the 25-plus-year-old Ye Olde Music Shop in Hanahan. The store is advertised as the largest Gibson, Fender, Martin, Taylor a...

Musicians and business owners across the Charleston area will be celebrated for their achievements at the annual Lowcountry Music Hall of Fame.

The idea to create a local celebration for the area’s musicians came from Michael Davis in 2015. Davis owns the 25-plus-year-old Ye Olde Music Shop in Hanahan. The store is advertised as the largest Gibson, Fender, Martin, Taylor and Paul Reed Smith dealer in South Carolina. Davis was inspired by his business and customers to create a new Lowcountry tradition that went beyond his beloved shop.

The Hall of Fame has inducted several well-known Charleston artists, as well as some “unsung heroes” who can benefit from the recognition. The inaugural ceremony in 2015 inducted local music stores, politicians and music schools, with the tradition continuing into 2023.

The Lowcountry Hall of Fame will introduce 15 artists, business owners and radio personalities into the 2023 catalogue.

Attendees can enjoy food trucks, music mastery and good times with local music lovers at the induction ceremony for the 2023 Lowcountry Music Hall of Fame at 1 p.m. Oct. 22 at the Hanahan Amphitheater, 3100 Amphitheater Ave.

Get a weekly list of tips on pop-ups, last minute tickets and little-known experiences hand-selected by our newsroom in your inbox each Thursday.

It’s the last “My Charleston Weekend” of January already. Luckily, the further we get into 2024, the more and more the Lowcountry has to offer by way of events and festivals.

While, unfortunately, you can’t be everywhere at once, it’s an action-packed Saturday here in Charleston. Celebrate Commonhouse Aleworks’ sixth anniversary. Imbibe at the Charleston Winter Wine Festival or the Onesie Bar Crawl. Or whet your appetite at the 13th annual Bo’s Oyster Roast & Chili Cook Off.

Commonhouse Aleworks Sixth Anniversary

Commonhouse Aleworks, 4831 O’Hear Ave., celebrates its sixth anniversary with a blowout block party and oyster roast noon-10 p.m. on Jan. 27. Enjoy the party, complete with a vendor market, a whole-hog barbecue from Swig & Swine, kettle corn, face painting and plenty of competitions, including a pinup contest, beard and mustache contest and a beer-tasting challenge. Plus, there’ll be a bevy of live music shows with well-known players such as Southern Flavor Bluegrass, the Hot Club of Charleston, Jared Petteys & The Headliners, Tommy and The Chucktown Players and Dallas Baker and Friends. If you’re curious about the beer-brewing process, check out the brewery tour as well. Attendance is free. For more info, visit bit.ly/48KWbpu.

Charleston Winter Wine Festival

Head down to the fifth annual Charleston Winter Wine Festival for one of two sessions, noon-4 p.m. or 6-10 p.m., on Jan. 27 at Festival Hall, 56 Beaufain St. Enjoy tastings of more than 50 different wines, mimosas and beers while jamming out to live music from Mike Huhn and DJ Brent Folks. All beverage tastings are included in the ticket price, while food is available for separate purchase. Tickets are $55 in advance or, if available, $65 at the event. Guests will receive a souvenir acrylic wine glass with the purchase of a ticket. To grab your tickets and learn more, visit bit.ly/41gIBHE.

13th annual Bo’s Oyster Roast & Chili Cook Off

Oysters and chili join together to fight cancer from noon to 5 p.m. Jan. 27 at James Island County Park, 871 Riverland Drive. For the 13th year in a row, the James Island Vikings will throw a cook-off to benefit Islands Against Cancer and Sara’s Cure, two local nonprofit organizations dedicated to assisting those impacted by cancer. All ages are invited to get their fill. General admission tickets are $25 and provide access to the chili cook-off and entertainment. VIP tickets, $60, include all-you-can-eat oysters. For more information and tickets, visit bosroast.com.

Onesie Bar Crawl

The fan-favorite pajama party bar crawl is back from 3 to 11 p.m. on Jan. 27 starting at Uptown Social, 587 King St. Don your favorite onesie and brave the colder weather with your peers on King Street. Included in your ticket is a free crawl koozie, discounted drink specials, cover-free priority entry to top King Street bars and, for the first 300 to finish the crawl, custom celebratory T-shirts. Plus, enjoy an afterparty at Aura Latin Club, 28 Ann St., from 8 to 11 p.m. Anyone 21 and older is invited to participate, including designated drivers who are choosing not to drink! Tickets are $29 in advance or $34 the day of the event, available at bit.ly/47Kutbd.

Get a weekly list of tips on pop-ups, last minute tickets and little-known experiences hand-selected by our newsroom in your inbox each Thursday.

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