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Mortgage Broker in Indialantic, FL

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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 Indialantic, FL, who can educate you on mortgage rates and provide trustworthy guidance to help you make an informed decision.

My name is Dan Crance - Indialantic'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 Indialantic, 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 Indialantic, FL
 Refinance Indialantic, FL

Why Choose Dan Crance As Your Mortgage Lender in Indialantic, FL?

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 Indialantic, FL

Home Financing in Indialantic, FL

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

 FHA Mortgages Indialantic, FL

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 Indialantic, FL.

Refinancing in
Indialantic, FL

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 Indialantic, FL - 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 Indialantic, FL
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 Indialantic, FL

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 Indialantic, FL, 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 Indialantic 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 Indialantic, FL

Trust Dan Crance

Your Mortgage Lender in Indialantic, FL

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 Indialantic loves Classic Home Mortgage.

After hours by appointment only. CONTACT DAN

Latest News in Indialantic, FL

Irritating Indialantic speed bump disappears

The speed bump is gone, but safety questions remainINDIALANTIC, Fla. – A problematic speed bump in Indialantic has been ground flat after quickly gaining a reputation for sending drivers airborne.The resurfaced section of Fifth Avenue was brought to our attention Friday morning by News 6 viewer Misti Schneider.This comes just two days...

The speed bump is gone, but safety questions remain

INDIALANTIC, Fla. – A problematic speed bump in Indialantic has been ground flat after quickly gaining a reputation for sending drivers airborne.

The resurfaced section of Fifth Avenue was brought to our attention Friday morning by News 6 viewer Misti Schneider.

This comes just two days after we reported on a council meeting where some said the raised crosswalk was causing their vehicles to bottom out and scrape the ground. The bump had only been in place for about a week.

“Within a day, there was already gauges in the road from people bottoming out,” driver Paul Johnson said.

At Wednesday’s meeting, the Florida Department of Transportation said nothing would change for at least a week.

“I watched a couple cars almost go airborne,” driver Dan Barile said at the meeting Wednesday, expressing hopes that the bump would soon be gone or at least redesigned.

“I don’t think the people were prepared for the change,” Barile said. “That’s an issue that they should have had some forethought.”

Earlier that day, the new crosswalk signs were uncovered finally giving drivers a warning to slow down.

Among the options being considered at the time, Indialantic Mayor Mark McDermott said that the total removal we now see was one of them.

“Maybe remove it completely. Maybe shave it down,” McDermott said, claiming the council did not request a speed bump or a raised crosswalk for people walking to the town hall and adding the Florida Department of Transportation’s original description of the project allowed drivers to pass through without slowing down.

However, with one less crosswalk in Indialantic, questions remain over what’s now being done to improve safety in the area.

“I didn’t understand why we needed one,” Jim Hays said.

The driver said crosswalks on Fifth Avenue should be at intersections, not across the middle of the road.

McDermott on Friday said he was happy FDOT removed the speed bump so quickly.

“I didn’t know what to expect,” the mayor said. “I was hoping it would be that fast and we got lucky.”

FDOT said the crosswalk was supposed to make walking across Fifth Avenue safer, but now, the state is also canceling plans for four more crosswalks on the main road.

“We got what we wanted, and FDOT is going to go back and look at some other options and we’ll go on from there,” McDermott said.

“Amazing the government worked so fast in response to results they got,” Johnson said.

News 6 is working to learn more. This is a developing story and will be updated.

Copyright 2023 by WKMG ClickOrlando - All rights reserved.

Indialantic speed hump causing cars to bottom out

INDIALANTIC, Fla. — Some drivers say a speed bump installed for pedestrian safety on a Brevard County beachside road is causing their vehicles to bottom out.What You Need To Know It’s right along Fifth Avenue, also known as State Road 192, right in front of the Indialantic Town Hall.Part of a planned Florida Department of Transportation project, the roadway is being resurfaced and new speed bumps are being installed for pedestrian safety.But as Spectrum News saw Tuesday, some cars goi...

INDIALANTIC, Fla. — Some drivers say a speed bump installed for pedestrian safety on a Brevard County beachside road is causing their vehicles to bottom out.

What You Need To Know

It’s right along Fifth Avenue, also known as State Road 192, right in front of the Indialantic Town Hall.

Part of a planned Florida Department of Transportation project, the roadway is being resurfaced and new speed bumps are being installed for pedestrian safety.

But as Spectrum News saw Tuesday, some cars going the 35 mph speed limit met the pavement hard.

Officials say around 19,000 cars and trucks pass through the half-mile stretch of roadway that leads to State Road A1 daily.

People in the area say the sounds of cars bottoming out started on Nov. 3 when the new roadway feature was installed. It is one of four speed humps planned for the project to help reduce drivers' speed.

Signs warning of the new speed hump have not been unveiled yet.

Less than a week since it was installed, dozens of deep scrapes can be seen on the speed hump's pavement.

"Wow, I would not want to be coming down this street and have something like that happen and go out of control," says Curtis Byrd, who said he rides his bike down Fifth Avenue all the time, as he saw cars bottoming out on the speed hump.

After seeing it, he said he's concerned the new installation might actually make pedestrian safety worse.

"Like most speed bumps, you don't see much of a bottoming out afterwards, but this is a problem," he said.

As Spectrum News spoke with Indialantic Mayor Mark McDermott, another car hopped the bump and scraped the roadway.

McDermott said he's addressing all the concerned emails he has received from residents.

"They are concerned with how slow you have to go," he said.

He said for now, crews will grind down the speed hump and then a decision will be made about its future.

"That's the proper thing to do to make sure it's safe for drivers and pedestrians," Byrd said.

Part of the resurfacing project also involves lowering the speed limit from 35 to 30 mph.

FDOT representatives will be discussing the issue with the Indialantic Town Council at its Wednesday meeting.

Indialantic 'man cave' has neighbors up in arms over mountain of shipping containers

A backyard "man cave" near Indialantic has neighbors up in arms.The man cave at the heart of the dispute isn't just a spare room decked out with flat-screen TVS and sports memorabilia. Rather it is shipping containers stacked up on each other in the home's backyard and visible throughout the neighborhood.Construction has been halted for now following neighbors complaints.“I don’t think th...

A backyard "man cave" near Indialantic has neighbors up in arms.

The man cave at the heart of the dispute isn't just a spare room decked out with flat-screen TVS and sports memorabilia. Rather it is shipping containers stacked up on each other in the home's backyard and visible throughout the neighborhood.

Construction has been halted for now following neighbors complaints.

“I don’t think the code intended for people to dump tractor trailers in their backyards,” said next-door neighbor Michelle Snyder. “If they change the code for him this could potentially be in everyone’s backyard because they are cheap. It’s an eyesore.”

More:She sheds: The counterpoint to the man cave

The "man cave," as the owner described the structure in permitting documents, is on Diane Circle in an unincorporated enclave between Indian Harbour Beach and Indialantic.

According to Brevard County code, a new cargo shipping container may be used as residential storage, but stacking of containers is not permitted. However, the homeowner started submitting paperwork to the county last October and the permits were approved by planning and zoning officials. Construction began in September and that’s when neighbors took notice.

The neighborhood does not have a homeowners’ association, so the owner did not need approval from the neighborhood. According to permitting plans, the new addition, labeled as “Traska Man Cave” has roughly 670-square-feet of living space, two balconies and a spiral staircase.

No one answered the door when FLORIDA TODAY went to the residence and a telephone call went unanswered.

“My biggest concern right now is that Brevard County is going to save a buck by changing the code to allow this,” Snyder said. “This is a single-family residential neighborhood. (The man cave) doesn’t meet the code for Brevard County.”

Construction was halted on the structure after neighbors called attention to it.

“We have spoken with the homeowner, who has expressed a willingness to work with us on a workable solution,” said Don Walker, communications director for Brevard County.

A meeting was scheduled for Oct. 26 with the homeowner and planning and zoning county officials.

New speed bump frustrating drivers in Florida beach town: 'My car went up in the air!'

Indialantic speed bump frustrates driversA new speed bump is catching drivers off guard, sending some cars into the air and scraping several bumpers on a highly traveled beach road. A new elevated crosswalk is now partially opened on 5th Avenue right by the Indialantic Town Hall. With part of the crosswalk still under construction, warning signs are still covered up which is frustrating drivers because there are no signs letting people know about the new bump.INDIALANTIC, Fla. - A new speed bump is catching d...

Indialantic speed bump frustrates drivers

A new speed bump is catching drivers off guard, sending some cars into the air and scraping several bumpers on a highly traveled beach road. A new elevated crosswalk is now partially opened on 5th Avenue right by the Indialantic Town Hall. With part of the crosswalk still under construction, warning signs are still covered up which is frustrating drivers because there are no signs letting people know about the new bump.

INDIALANTIC, Fla. - A new speed bump is catching drivers off guard, sending some cars into the air and scraping several bumpers on a highly traveled beach road.

A new elevated crosswalk is now partially opened on 5th Avenue right by the Indialantic Town Hall. With part of the crosswalk still under construction, warning signs are still covered up which is frustrating drivers because there are no signs letting people know about the new bump.

The new traffic feature opened last week, and the new pavement already has damage from cars flying over it and scraping the road.

"There’s going to be a lot of alignment problems with the cars, making it very dangerous," said Curtis Byrd who noticed cars having issues on Tuesday. He usually bikes along the busy roadway.

FOX 35 cameras captured half a dozen doozies in about a half hour at the site on Tuesday.

"All of a sudden, my car went up in the air and came back down, and I was like, ‘What the hell?’" added David Agee who was caught off guard by the new bump.

The mayor said the goal of the speed bump was pedestrian safety because 5th Ave. is getting busier with tourists.

"My understanding is that raised crosswalks help with the visibility of pedestrians," said Mayor Mark McDermott.

The mayor said the current design by the Florida Department of Transportation (FDOT) has him concerned about driver safety, and he wasn't expecting so many issues.

"FDOT told us today [Tuesday] that they’re going to grind this one down to a lower height, so that will help," he added.

All along 5th Ave., the mayor said FDOT is planning to install four elevated crosswalks which will help people safely cross the road.

"Sometimes, it’s hard to ride your bicycle around here," said Byrd. "This actually slows it down and gives you a chance to get across the street."

After seeing the new addition, the community is asking FDOT to look into a different design before building the rest of the bumps.

"It seemed a little high. It seemed a little wide, too," Agee said.

"They could easily lose control of their car and go right onto the sidewalk, so it is a concern of mine now that you brought it up," Byrd concluded.

This issue will be addressed at Wednesday’s Town Council meeting. FDOT said a representative will be at the meeting, and they want to work with the town on a better solution to the design.

Indialantic discussing new raised crosswalk after drivers go airborne

INDIALANTIC, Fla. – Speed bumps are used to slow down drivers and keep pedestrians safe, but some people in one beach town say a new raised crosswalk was causing their cars to bottom out and scrape the road.After damages, the town of Indialantic put up signs warning drivers to slow down ahead of the crosswalk.Next, the town and the Florida Department of Transportation will discuss what else can be done to make the speed bump safer during Wednesday night’s council meeting.For a week on Fifth A...

INDIALANTIC, Fla. – Speed bumps are used to slow down drivers and keep pedestrians safe, but some people in one beach town say a new raised crosswalk was causing their cars to bottom out and scrape the road.

After damages, the town of Indialantic put up signs warning drivers to slow down ahead of the crosswalk.

Next, the town and the Florida Department of Transportation will discuss what else can be done to make the speed bump safer during Wednesday night’s council meeting.

For a week on Fifth Avenue, some drivers dangerously hit the bump at full speed.

[EXCLUSIVE: Become a News 6 Insider (it’s FREE) | PINIT! Share your photos]

“I watched a couple cars almost go airborne,” Dan Barile said.

And even though the crosswalk signs are visible now, drivers like Barile and Mayor Mark McDermott said the state needs to make a design change.

“Maybe remove it completely. Maybe shave it down,” the mayor said of the possible options.

McDermott said the council did not request a speed bump or a raised crosswalk for people crossing the road to the town hall.

The mayor said FDOT’s original description allowed drivers to pass through without slowing down.

“I like the idea of pedestrian safety, but I think it’s too abrupt the way it is now,” McDermott said. “It’s become a launching pad.”

Barile said he hopes the speed bump is removed.

“I don’t think the people were prepared for the change,” he said. “That’s an issue that they should have had some forethought.”

News 6 will let you know if the town and FDOT reach a resolution about the speed bump.

Watch for updates Tuesday night on News 6 at 11 and on ClickOrlando.com.

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