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

My name is Dan Crance - Isle of Palms'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 Isle of Palms, 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 Isle Of Palms, SC
 Refinance Isle Of Palms, SC

Why Choose Dan Crance As Your Mortgage Lender in Isle of Palms, 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 Isle Of Palms, SC

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

 FHA Mortgages Isle Of Palms, 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 Isle of Palms, SC.

Refinancing in
Isle of Palms, 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 Isle of Palms, 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 Isle Of Palms, 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 Isle Of Palms, 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 Isle of Palms, 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 Isle of Palms 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 Isle Of Palms, SC

Trust Dan Crance

Your Mortgage Lender in Isle of Palms, 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 Isle of Palms loves Classic Home Mortgage.

After hours by appointment only. CONTACT DAN

Latest News in Isle of Palms, SC

IOP residents oppose possible development of Wild Dunes greenspaces

ISLE OF PALMS, S.C. (WCBD) – Residents on the Isle of Palms spoke concerned about a possible threat to the island’s golf courses, green spaces, and recreation spaces.Some of the green spaces in the Wild Dunes Resort could be bulldozed if action isn’t taken to prevent development. Neighbors say they’re concerned Wild Dunes Resort owners are looking to build hotels and homes over the spaces.The overwhelming message from residents during a special called city council meeting Monday was working to protect th...

ISLE OF PALMS, S.C. (WCBD) – Residents on the Isle of Palms spoke concerned about a possible threat to the island’s golf courses, green spaces, and recreation spaces.

Some of the green spaces in the Wild Dunes Resort could be bulldozed if action isn’t taken to prevent development. Neighbors say they’re concerned Wild Dunes Resort owners are looking to build hotels and homes over the spaces.

The overwhelming message from residents during a special called city council meeting Monday was working to protect the green spaces. City council approved the first reading for five ordinances they say will do just that. Some council members warn it could be a lengthy process.

“Who wins when we give away accommodations tax money,” says Randy Bell, a former Isle of Palms City Councilman and concerned resident. “The entities that don’t benefit the community, that is not a benefit to this community.”

Dozens of residents voiced concerns about potential plans to build over Wild Dunes golf courses and recreational spaces saying the development could bring severe consequences.

“Not only to preserve the greenspaces and open spaces that are critical for stormwater management but also to limit the density in Wild Dunes to mitigate the impact on the city’s resources,” says Bev Miller, a concerned resident.

Plans for development within the resort could bring hundreds of homes, hotels, or condos in place of the current green spaces. Residents at the meeting say it would also bring traffic, noise, and parking issues with it.

“And it’s for the purpose of allowing this audience and this community a voice in the affairs of the community,” says Bell.

Council took up five ordinances meant to protect green space and prevent the building. All five ordinances passed with 8 to 1 votes.

“We need to make sure we protect all the interests, protect as much greenspace as we can,” says Councilman Rusty Streetman. “Conservation and all of that is top of mind.”

Councilman Kevin Popson was the only no vote on the ordinances. The ordinances will likely move to second reading in the coming weeks. Council warns the process could be a lengthy one with potential negotiations with Wild Dunes or legal action looming.

“I fully support what we are doing,” says Councilman Blair Hahn. “But this is the beginning of what could be a six-month process.”

During the special called meeting, residents say it’s important to keep fighting to protect the land and recreational spaces.

“We can not back down from these people,” says Tony Santiago, a concerned resident. “They will just keep coming and coming and coming.”

Isle of Palms City Council will hold a public hearing on the topic and five ordinances Tuesday, October 18th at City Hall to allow people to give feedback before they get a second reading. The hearing will start at 5 pm.

Isle of Palms prepares for late season storm

ISLE OF PALMS, S.C. (WCIV) — As Hurricane Nicole makes its way to the Lowcountry, officials along the coast are concerned about possible beach erosion.In September, Hurricane Ian left its mark on the Isle of Palms.“Lot of debris, for sure. Beach erosion was not so bad with Ian, and we’ll keep our fingers crossed for Nicole coming up. But a lot of debris, trees down, flooding in our hotspots," says Philip Pounds, the mayor...

ISLE OF PALMS, S.C. (WCIV) — As Hurricane Nicole makes its way to the Lowcountry, officials along the coast are concerned about possible beach erosion.

In September, Hurricane Ian left its mark on the Isle of Palms.

“Lot of debris, for sure. Beach erosion was not so bad with Ian, and we’ll keep our fingers crossed for Nicole coming up. But a lot of debris, trees down, flooding in our hotspots," says Philip Pounds, the mayor of Isle of Palms.

In preparation for Nicole, IOP's Public Safety team surveyed the beaches.

“Our public safety folks did some drone footage earlier this week just to kind of have a base line for a pre-storm view, and then they’ll do a post probably Saturday when the storm clears out just to see if we have any erosion," continued Mayor Pounds.

The direction of the storm is also causing some concern.

“Didn’t have any issues with Ian. This one, again, since we’re on the other side of the storm, there’s certainly heightened concerns. But hopefully by the time it gets here, we’re talking 30 to 40 mile per hour winds mostly and storm surge of a couple of feet. Hopefully that won’t do too much, but we’ll probably have some issues," said Mayor Pounds.

Nicole is expected to bring heavy winds, rain, and possible isolated tornadoes, which is why Mayor Pounds is assuring the public he's preparing for the worst.

"We’ve pulled off all the trash cans that sit out on the beach for beachgoers. We’ll have some public safety personnel this week," Mayor Pounds says.

His main message is to be cautious.

“As we saw with Ian, the past changes pretty regularly and a few miles makes a big difference. This one seems pretty certain as far as the cone as where it’s going so, but certainly for residents just stay plugged in wherever you get your news from," said Mayor Pounds.

We also checked in with Sullivan's Island town officials. They say they will continue to keep an eye on the beaches, but no emergency evacuation order has been issued.

Hendel: Wedding bells in Pittsburgh for Blade publisher, editor-in-chief

STARTING the holidays off together are newlyweds John Robinson Block, publisher and editor-in-chief of The Blade and the Pittsburgh Post-Gazette, and Mary Fackler Schiavo, an attorney and the former inspector general of the U.S. Department of Transportation.The pair tied the wedding knot at the stately Duquesne Club in Pittsburgh on Nov. 19. The Duquesne Club, founded in 1873, has counted in its membership such high-profile figures as Andrew Carnegie, Andrew Mellon, H.J. Heinz, and George Westinghouse...

STARTING the holidays off together are newlyweds John Robinson Block, publisher and editor-in-chief of The Blade and the Pittsburgh Post-Gazette, and Mary Fackler Schiavo, an attorney and the former inspector general of the U.S. Department of Transportation.

The pair tied the wedding knot at the stately Duquesne Club in Pittsburgh on Nov. 19. The Duquesne Club, founded in 1873, has counted in its membership such high-profile figures as Andrew Carnegie, Andrew Mellon, H.J. Heinz, and George Westinghouse.

The bride and groom grew up in northwest Ohio only 62 miles apart, Mr. Block in Toledo and the new Mrs. Block in Pioneer, Ohio, on a farm that she still owns and that has been in her family since its first settlement in the 1840s. Their paths never crossed until December, 1990, when Mr. Block interviewed Mrs. Block on The Editors, a current affairs program that aired on WNWO-TV, Channel 24, in Toledo.

Mr. Block, a Yale graduate, and Mrs. Block, a Harvard graduate, reconnected in 2017, and the rest is history.

Their late parents are Paul Block Jr., and Marjorie McNab Block and stepmother Mary Block, and Harland and Nina Essex Fackler.

The festivities started with a cocktail reception, while musicians played softly in the background. Passed hors d'oeuvres included the club's signature crab canapes.

The bride, resplendent in a beautiful white gown adorned with the McNab family’s Scottish tartan, strolled down the aisle escorted by her children, Larissa Fackler Schiavo and Alex Fackler Schiavo. Her groom was “given away” by Cynthia McNab, his first cousin and a former Toledoan. He waited for his bride in black tails adorned with his late mother's family crest and crest of The Blade.

The bridal party included Mr. Block's brother Allan Block, chairman of Block Communications Inc., and his wife Susan. There were also Alex Petok, stepbrother of the groom; John Kulesza, a college friend of the groom, and Amy Brauchle, a friend of the bride.

Cyrus Block, the brother of the groom who could not be there in person, was an honorary groomsman.

The exchange of vows was heartwarming. Then the pair exchanged gimmel rings, consisting of two interlocking hoops that fit together to form a single ring. Gimmel rings are an English and German tradition dating back to at least 1350; Mr. Block’s grandmother and great-grandmother also wed with gimmel rings.

Live music again played softly during the elegant dinner reception with white-glove service. The menu featured butternut squash soup, tournedo of beef tenderloin, and filet of Virginia spot, English style for which the club is known. It was all paired with wines and champagnes to toast the newlyweds.

Dessert was, of course, wedding cake: vanilla cake with vanilla bean chantilly, fresh berries, and vanilla bean creme anglaise. Guests also enjoyed the club's famous macaroons.

The night still young, many guests enjoyed nightcaps, while others ventured into the brisk weather to enjoy the 61st annual Light Up the Night, Pittsburgh's official kickoff of the holiday season that included extraordinary fireworks.

Family and friends came from all over the country to witness the wedding. Those from or with ties to the northwest Ohio area included Dr. S. Amjad Hussain, a long-time friend of Mr. Block’s and a Blade columnist, who read a touching ancient poem during the ceremony; Ohio Rep. Bob Latta and wife Marcia Latta, and former Toledo mayor Carty Finkbeiner and wife Amy; Dave and Judy Murray; Richard and Shelley Walinski; Richard and Cindy Nensel; Merrill and Nancy Frame; Tasha Hussain Black; Rex and Rhonda Damschroder, and Keith and Amy Burris.

Other locals attending were Kurt Franck, president and executive editor of The Blade, and his wife Lynn; Jodi Miehls, president and chief operating officer for Block Communications Inc.; John Straub, a former Toledo attorney and BCI board member, and former Toledoan Michael Sallah, deputy managing editor of investigations at the Pittsburgh Post-Gazette.

The newlyweds will call Mr. Block's Pittsburgh home, Mrs. Block's Isle of Palms, S.C. home, and northwest Ohio, their homes.

IOP councilman, former mayor fight back against beach parking law

ISLE OF PALMS, S.C. (WCSC) - More than a year after a state bill was passed that would ensure access to some free parking and give the state control of public roads in beach towns, the former mayor and a current councilman from the Isle of Palms say it is an “unprecedented attack upon the SC State Constitution and rule of law.”Isle of Palms Councilmember Blair Hahn and former Isle of Palms Mayor Jimmy Carroll sent an open letter to elected officials in the barrier island towns of the Isle of Palms, Sullivan’s Island,...

ISLE OF PALMS, S.C. (WCSC) - More than a year after a state bill was passed that would ensure access to some free parking and give the state control of public roads in beach towns, the former mayor and a current councilman from the Isle of Palms say it is an “unprecedented attack upon the SC State Constitution and rule of law.”

Isle of Palms Councilmember Blair Hahn and former Isle of Palms Mayor Jimmy Carroll sent an open letter to elected officials in the barrier island towns of the Isle of Palms, Sullivan’s Island, Folly Beach and Edisto Beach.

In the letter, Hahn and Carroll ask for support to fight back against senate bill S.40, which was signed into law by Gov. Henry McMaster in May 2021.

“We want the right to rule our community,” Carroll said. “We don’t want Columbia to tell us how to run this island.”

The bill requires free public beach parking, but also may include paid parking on state highways. Those highways have to be in communities that are eligible for beach renourishment funds, which use money to add sand back onto beaches.

Parking only can be restricted by the South Carolina Department of Transportation if they find that restrictions are necessary.

“Parking is not free,” Hahn said. “Parking costs emergency services, police services, fire services, it costs for landscaping for trash pickup. It costs money, somebody’s gotta bear that expense.”

It also requires governments to get approval from the South Carolina Department of Transportation before adding or making changes to state highways.

“It is blatantly illegal, it’s unconstitutional on four different grounds and it has to be stopped,” Hahn said.

Hahn says the Isle of Palms City Council has engaged legal counsel to explore their rights. Hahn says if they cannot negotiate a legal statute by amending or rescinding S.40, then they will go to the South Carolina Supreme Court.

The bill was sponsored by Sen. Larry Grooms (R- Berkeley). Grooms was not available for an interview at this time.

The South Carolina Department of Transportation has not yet responded to a request for comment.

Isle of Palms Mayor Phillip Pounds said: “The City continues to work with SCDOT to find solutions that are beneficial to our residents and visitors.”

Copyright 2022 WCSC. All rights reserved.

Where to park for the beach: Isle of Palms

ISLE OF PALMS, S.C. (WCIV) — Learn where you can park during your beach visit to Isle of Palms!Paid ParkingPaid parking on Isle of Palms is enforced between March 1 and Oct. 31 from 8 a.m. until 8 p.m.The City operates two parking lots near Front Beach on Pavilion Drive. The lots are managed by automated parking kiosks. The daily rate is $10 Monday through Friday and $15 on weekends and holidays. After 4 p.m., motorists can pay an hourly rate of $2. Leave your ticket on your vehicle's dash to avoid...

ISLE OF PALMS, S.C. (WCIV) — Learn where you can park during your beach visit to Isle of Palms!

Paid Parking

Paid parking on Isle of Palms is enforced between March 1 and Oct. 31 from 8 a.m. until 8 p.m.

The City operates two parking lots near Front Beach on Pavilion Drive. The lots are managed by automated parking kiosks. The daily rate is $10 Monday through Friday and $15 on weekends and holidays. After 4 p.m., motorists can pay an hourly rate of $2. Leave your ticket on your vehicle's dash to avoid a $50 parking violation.

Visitors can also park at the meters along Ocean Boulevard near Front Beach between 10th and 14th Avenues. Park in any open space and pay at the kiosk closest to you. The hourly rate is $2.50. Be sure to leave your ticket on your vehicle's dash.

Guests can also park at Isle of Palms County Park, where rates will vary based on the time of the year and vehicle.

Free Parking

The City regulates parking along the public rights-of-way between 9 a.m. and 6 p.m. Visitors are allowed to park on any road right-of-way within the Beach Parking District unless a "no parking" sign indicates otherwise. All four wheels of each parked vehicle must be off the road and vehicles cannot block beach access paths.

Vehicles parked on the ocean side of Palm Boulevard between 21st and 40th Avenue must parallel park at least four feet off the pavement. Double parking on the passenger side of a vehicle that is parked parallel is not allowed. For those parking on the land side of the roadway, vehicles must be at an angle in the marked spaces. Motorists must also not block driveways or mailboxes.

There is no permit requirement or parking fee to park along the public rights-of-way in the following locations:

Handicap Parking

Visitors in need of handicap parking can find spaces in the County Park at no charge, the Municipal Parking Lot on Pavilion Drive, on 9th Avenue, at the Front Beach Restrooms, on 21st Avenue and on 42nd Avenue. There is also free handicap parking available in the Municipal Parking Lot behind the Public Safety Building.

The City of Isle of Palms offers free beach wheelchairs on a first-come, first-serve basis. No reservations are taken for the program, and a copy of the user's license and credit card will be made.

To pick up a wheelchair, fill out a rental form and bring it to the second floor of the Public Safety Building, located at 30 J.C. Long Boulevard. Rentals must be returned by 8 p.m. the day of the rental.

Trailer Parking

Trucks or trailers greater than 20 feet cannot be parked along the public rights-of-way for more than one hour or as long as it takes to load or unload materials. There is an exception for the public right-of-way of 41st Avenue between Waterway Boulevard and the terminus of 41st Avenue for vehicles with attached boat trailers and a valid Resident Parking Permit.

For additional parking details, as well as more information for residents, click here.

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