With 30 years in the industry

Mortgage Broker in Hanahan, SC

Ask us Anything843-478-5612

Book an Appointment

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

High School Scoop - Thursday December 22, 2022

Since 1999, all sources remain confidential. Mail@FootballScoop.com or 225.229.3429Fleming Island (FL): Chad Parker has accepted the head coaching job.Loyola Academy (Wilmette, IL): Loyola Academy is looking to hire a new head coach. The Head Football Coach is responsible for staffing at all aspects of the Football Program (Freshman A/B, Sophomore and Varsity), scheduling opponents (in conjunction with the Athletic Dire...

Since 1999, all sources remain confidential. Mail@FootballScoop.com or 225.229.3429

Fleming Island (FL): Chad Parker has accepted the head coaching job.

Loyola Academy (Wilmette, IL): Loyola Academy is looking to hire a new head coach. The Head Football Coach is responsible for staffing at all aspects of the Football Program (Freshman A/B, Sophomore and Varsity), scheduling opponents (in conjunction with the Athletic Director), strength & conditioning (off season & in season program), and coaching team members. Interested parties can apply via this link.

Western (Las Vegas, NV): Western HS is completing its new staff and has openings for coaches at multiple positions. Coordinator positions will be considered for qualified candidates. There are several teaching and non faculty positions on campus. Candidates with college experience or HS coordinator experience will be given preference. Candidates seeking teaching positions must have or be able to obtain a Nevada Teachers License. Interested applicants should contact Athletic Director John Norton at nortoj@nv.ccsd.net.

Masters of Sports Administration: Looking for an exceptional, convenient education to advance or kick off your career in sports? UIU’s Master of Sport Administration is delivered entirely online. As a graduate, you will understand the organizational, financial, personnel and technology issues involved in sport and sport business and have a greater understanding of the needs within athletic departments in high school, college, and professional sports.

Loyola Academy (Wilmette, IL): After 17 years, and three state titles head coach John Holecek is retiring from coaching high school football.

Glazier Clinics: You don’t want to miss out on these cutting-edge football talks. Gain an edge next year over your opponent → https://www.glazierclinics.com/coaching-clinics-2023

Wellington Community (FL): Wellington Community HS is seeking applicants for the position of Varsity Head Football Coach. The selected candidate will oversee, and be responsible, for the all operations related to the football program. This will include all three teams - Freshmen, JV and Varsity. If you are interested in applying, please forward your résumé, letter of interest, and the contact information for at least three references to Athletic Director, Robert Callovi, via email at robert.callovi@palmbeachschools.org.

Hanahan (SC): Hanahan HS has an opening for a Head Football Coach/teaching position (position TBD). We are a 3A school, located just outside of Charleston, SC in the Berkeley County School District. All interested applicants should apply at www.bcsdschools.net and email a letter of interest and resume to our Athletic Director Kim Joseph at josephk@bcsdschools.net. The position will close on December 29.

Reelected Hanahan mayor talks past, present and future of city

After being reelected for another term on Tuesday, Hanahan Mayor Christie Rainwater is already preparing for the next four years.HANAHAN, S.C. (WCSC) - After being reelected for another term on Tuesday, Hanahan Mayor Christie Rainwater is already preparing for the next four years.In this year’s election, no opponents ran against Rainwater, which she says was a relief to not sit on the edge of her seat and worry about winning or not.“I feel like the residents of the city have seen the work I’ve put in, a...

After being reelected for another term on Tuesday, Hanahan Mayor Christie Rainwater is already preparing for the next four years.

HANAHAN, S.C. (WCSC) - After being reelected for another term on Tuesday, Hanahan Mayor Christie Rainwater is already preparing for the next four years.

In this year’s election, no opponents ran against Rainwater, which she says was a relief to not sit on the edge of her seat and worry about winning or not.

“I feel like the residents of the city have seen the work I’ve put in, and they want that to keep going,” she says. “They want the momentum to continue, and no one ran against me. I’m able to really continue keeping that momentum going.”

The Hanahan City Council and school board members were all reelected on Tuesday, and the mayor says will continue as a strong partnership because of the established relationships.

Similar to the rest of the Lowcountry, Hanahan continues to grow. Rainwater focused on building economic development and recreation in the area by adding two new parks over the last four years.

“Really bringing this quality of life to the residents is what we’ve been doing over the past four years and will continue to do over the next four,” she says.

As for the upcoming four years, the mayor really wants to focus on flooding concerns, more economic growth and additional housing for the community. She also mentioned that the Lowcountry Rapid Transit plans include four stops that will positively impact Hanahan.

“We are really looking at our specifically downtown area and how can we allow for housing that will work for everyone,” Rainwater says. “We have changed the ordinances over the past few years that will allow for us to build up a little higher and bring that in.”

The mayor also expressed that Hanahan has a small-town feel despite being the seventeenth-largest city in South Carolina.

“I like to say I bleed blue and orange,” she says. “Hanahan is the heart of the Lowcountry. When you look at its location, you’ve got downtown Charleston, Summerville, Mount Pleasant, West Ashley, and right in the heart, you’ll find Hanahan. The truth is, it’s not just because of its location; the people in Hanahan are so special.”

Copyright 2022 WCSC. All rights reserved.

Lottery wins of 2022: A look back at people 'hitting the jackpot'

Jackpot CEO reveals plan to digitize the lottery industry00:0000:0006:44GO LIVEFacebookTwitterEmailEmbedSpeedNormalAutoplayWhile it’s unclear if 2023 will be your year, some people won big in 2022.From multimillion-dollar and multibillion-dollar jackpot drawings to five- and six-figure scratch-off tickets, here are 10 lottery stories that captured national and internatio...

Jackpot CEO reveals plan to digitize the lottery industry

00:00

00:0006:44GO LIVE

Facebook

Twitter

Email

Embed

SpeedNormal

Autoplay

While it’s unclear if 2023 will be your year, some people won big in 2022.

From multimillion-dollar and multibillion-dollar jackpot drawings to five- and six-figure scratch-off tickets, here are 10 lottery stories that captured national and international attention in the last 12 months.

(AP Photo/Keith Srakocic and AP Photo/Godofredo A. Vásquez / AP Newsroom)

Joe Chahayed, the owner of Joe's Service Center in Altadena, California, earned a $1 million maximum bonus in November for selling a winning $2.04 billion-dollar Powerball ticket, according to FOX 11 Los Angeles.

The winner of the record-breaking multi-state lottery jackpot is unknown. Powerball winners have 90 days to one year to claim their prize depending on the ticket’s selling jurisdiction, according to the lottery board’s website.

The Powerball is played in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

A man in the People’s Republic of China reportedly won $30 million from the Guangxi Welfare Lottery, a regional lottery that raises money for public welfare, including care centers for the elderly, disabled, orphaned and financially disadvantaged.

The man anonymously claimed his prize Oct. 24 under the alias "Mr. Li," and he did so while wearing a yellow mascot costume that represents the Guangxi Welfare Lottery. Mr Li told the lottery board he planned to hide his winnings from his wife, children, extended family and friends until he figured out what to do with the money.

Mary Starks of Davenport, Iowa, won $100,000 from a "Hit it Big!" scratch-off game issued by the Iowa Lottery Authority, a state-run lottery board that donates proceeds to veterans, military and public safety families, local tourism and schools.

Starks previously won $100,000 from a different scratch game in March 2020. She claimed her more recent prize Sept. 13. The two-time lottery winner told the Iowa Lottery she plans to use her winnings to pay off debt and start a new business.

Lori Janes, an office manager at a dental office in Louisville, Kentucky, won $175,000 from a Hit The Jackpot scratch-off game issued by the Kentucky Lottery Corporation, a state-run lottery board that donates proceeds to fund college scholarships, grants and programs.

POWERBALL LOTTERY DRAWING: WINNERS CAN REMAIN ANONYMOUS IN THESE STATES

Janes got her winning ticket at a white elephant gift exchange hosted by her company’s recent holiday party. She claimed her prize in December and took home $124,250 after taxes, according to the Kentucky Lottery’s Dec. 13 press release.

Janes told the Kentucky Lottery she plans to use her winnings to pay off family vehicles and her daughter’s student loans.

Dalton Radford, 18, of Dallas, North Carolina, won $1 million from a Carolina Jackpot scratch-off game issued by the North Carolina Education Lottery, a state-run lottery that raises money for schools, students and education programs.

Radford, a public works employee, told the lottery board he was on his way to his second job when he won his Instant Ticket prize. He claimed his prize Dec. 6 and took the lump sum, which left him with $426,063 after state and federal tax withholdings. The teen told the NC Education Lottery he plans to buy a new vehicle and save the rest of his winnings.

The Grand Lotto, a regional lottery board in the Republic of the Philippines, confirmed at least 433 people won a $4 million jackpot in October.

The lottery board, which is based in Intramuros, Manila, Philippines, and is operated by the government-run Philippine Charity Sweepstakes Office, issued a statement that many of the drawn numbers had a multiple of 9.

Winners of the lottery reportedly claimed their prizes Oct. 1, and each winner took home nearly $10,000 after the money was divided by lottery officials.

A lottery player in Florida reportedly purchased a winning Mega Millions ticket valued at $494 million in August, but the winner has yet to come forward, according to The Associated Press.

The ticket was reportedly purchased in Fort Myers from a 7-Eleven, according to officials from the Florida Lottery, a state-run lottery that donates proceeds to public education funds in the Sunshine State.

The winner remained unidentified even after Hurricane Ian made landfall in southwest Florida Sept. 28, The Associated Press reported. Florida Lottery Draw players have 180 days to claim their prize while scratch-off or Fast Play players have 270 days to claim their prize, according to the lottery board’s website.

A man won $100,000 from a Powerball ticket sold by a Kwik Fill gas station in Hanahan, South Carolina, according to a press release issued by the South Carolina Education Lottery, which is a state-run lottery board that benefits scholarship and grant funds in The Palmetto State.

The man claimed his prize anonymously in June and used part of his winnings to purchase a new car, according to the SC Education Lottery.

The man told lottery officials he committed himself to three months of weekly lottery playing, which he budgeted to $25 per week. He reportedly started playing the lottery after watching an episode of TLC’s documentary series, "Lottery Changed My Life."

Jose Flores Velasquez of Annandale, Virginia, won $1 million in August from playing the 20X the Money scratcher game issued by the Virginia Lottery, but he only learned about his seven-figure prize a month later, the lottery board reported in a press release Sept. 6.

Flores Velasquez bought his winning ticket from a Safeway supermarket while he purchased packs of soda. He reportedly thought he won $600 and was surprised to learn he was one of the game's top winners.

Flores Velasquez chose the one-time cash option, which totaled $759,878 before taxes, according to the Virginia Lottery, which donates proceeds to K-12 public education in the state.

Two lottery players in Illinois won the $1.337 billion Mega Millions jackpot in July, according to the Illinois State Lottery, which donates proceeds to fund public education, capital projects and special causes.

The anonymous pair reportedly played a single ticket they purchased in a Chicago suburb on July 29 and split their winnings. The duo opted for the lump sum payment and split the $780.5 million prize, according to a press release issued by the Illinois Lottery.

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.

Dominion Energy set to cut state tree identified as hazardous

One Hanahan resident is doing all he can to save his Palmetto tree after receiving a notice from Dominion Energy that it’s been scheduled to be cut down.HANAHAN, S.C. (WCSC) - One Hanahan resident is doing all he can to save his Palmetto tree after receiving a notice from Dominion Energy that it’s been scheduled to be cut down.Jay Mullis says after returning home recently he found his tree marked with an “X” and a note in his driveway from Dominion stating the condition of his tree warrants action by the...

One Hanahan resident is doing all he can to save his Palmetto tree after receiving a notice from Dominion Energy that it’s been scheduled to be cut down.

HANAHAN, S.C. (WCSC) - One Hanahan resident is doing all he can to save his Palmetto tree after receiving a notice from Dominion Energy that it’s been scheduled to be cut down.

Jay Mullis says after returning home recently he found his tree marked with an “X” and a note in his driveway from Dominion stating the condition of his tree warrants action by the company.

The Mullis family has lived in this home since December of 2019, and they say the palmetto is the most important piece of their front lawn.

Mullis contacted a Dominion representative and shared his concern about the sudden notice that the tree was a threat and was looking to find a mutually beneficial compromise.

Dominion Energy said the tree has made contact with their energized distribution conductors and has been identified as hazardous.

After being told there wasn’t anything the company could do to save the tree, Mullis took it into his own hands. He has since trimmed it in hopes that it will no longer pose a threat momentarily and can give him time to move the tree on his own dime.

Dominion Energy spokesman Paul Fischer warned that customers should never hire a private contractor to work near power lines or attempt to do the work themselves.

“Untrained individuals should not attempt to trim trees near overhead lines for risk of serious or fatal injury,” he said. “Only qualified utility line clearance professionals or contractors who meet OSHA qualifications are legally permitted to work within 10 feet of power lines, or work on a tree that has branches within 10 feet of power lines.”

“I think it’s important that we start working together on these issues, it’s a piece of me that we cut and the tree I think will be fine and hope that they just let me move it back 10 feet,” Mullis says.

To purchase a new tree would cost thousands and Mullis says it would take years to grow to the size of his current one. He says all he’s looking for is a chance to work with Dominion to save his tree.

Dominion says customers with concerns regarding trees on or near their property should call (800) 251-7234.

Copyright 2022 WCSC. All rights reserved.

Disclaimer:

This website publishes news articles that contain copyrighted material whose use has not been specifically authorized by the copyright owner. The non-commercial use of these news articles for the purposes of local news reporting constitutes "Fair Use" of the copyrighted materials as provided for in Section 107 of the US Copyright Law.