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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

CARTA’s free shuttle to the Isle of Palms returns in time for Memorial Day Weekend

CHARLESTON COUNTY, S.C. (WCBD) – A shuttle aimed at making trips to the Isle of Palms a little easier will return this summer.The Charleston Area Regional Transportation Authority (CARTA) announced on Wednesday that its free park-and-ride shuttle, known as the Beach Reach Shuttle, will begin operation on May 28 through the Labor Day weekend.Those looking to hop a ride to the beach can board the shuttle at stop No. 715, located behind the Belk Men’s store in Mount Pleasant Towne Centre, and disembark at 14th Avenue a...

CHARLESTON COUNTY, S.C. (WCBD) – A shuttle aimed at making trips to the Isle of Palms a little easier will return this summer.

The Charleston Area Regional Transportation Authority (CARTA) announced on Wednesday that its free park-and-ride shuttle, known as the Beach Reach Shuttle, will begin operation on May 28 through the Labor Day weekend.

Those looking to hop a ride to the beach can board the shuttle at stop No. 715, located behind the Belk Men’s store in Mount Pleasant Towne Centre, and disembark at 14th Avenue and Ocean Boulevard, adjacent to the Isle of Palms beach access.

The shuttle will run every half-hour from 9:15 a.m. until 5:30 p.m. on Saturdays and every hour from 9:40 a.m. until 5:55 p.m. on Sundays. Riders should plan to arrive at least five minutes prior to the scheduled departure time.

Parking will be available along Market Center Boulevard in Mount Pleasant Towne Centre. Connections to Route 40 Mount Pleasant and Route 42 Wando Circulator will also be available.

“Now in its second year, we’re proud to announce the highly anticipated return of the Beach Reach Shuttle,” said Isle of Palms Mayor Philip Pounds. “This has been a team effort in the truest sense of the term, and we’re glad to be working alongside our remarkable partners to increase beach access and share the beauty of the Isle of Palms shoreline this summer.”

“The Town of Mount Pleasant is proud to stand alongside CARTA, Isle of Palms, and our very own Towne Centre to bring the Beach Reach Shuttle back into service,” said Mount Pleasant Mayor Will Haynie. “I hope folks throughout our community and beyond will join us in taking advantage of this exciting opportunity to make the most of this summer.”

Rules of the ride: In order to maintain the safety of all riders and provide adequate space for those on board, Beach Reach passengers must adhere to the policies which are outlined below.

Riders found to be in violation of any of the aforementioned policies may not be permitted onboard the shuttle.

Full route details and bus tracking can be found in the Transit App, which is available for download in the Apple and Google Play stores. Riders can also view traffic conditions and municipal information for all area beaches via the Beach Reach app, which is also available for Apple and Google smartphones.

Isle of Palms City Council reviews marina lease agreement, considers allowing alcohol

ISLE OF PALMS, S.C. (WCIV) — Isle of Palms City Council held a special meeting Thursday to review the lease of the marina.The debate: whether beer and wine can be sold and consumed at the marina.Some say this wouldn't be an issue because people already drink beer by the marina and it hasn't caused any trouble. However, others believe allowing beer and wine could cause concern for parents."It seems like every time we amend this lease, we give more to the tenant and take away from the city," said councilmem...

ISLE OF PALMS, S.C. (WCIV) — Isle of Palms City Council held a special meeting Thursday to review the lease of the marina.

The debate: whether beer and wine can be sold and consumed at the marina.

Some say this wouldn't be an issue because people already drink beer by the marina and it hasn't caused any trouble. However, others believe allowing beer and wine could cause concern for parents.

"It seems like every time we amend this lease, we give more to the tenant and take away from the city," said councilmember Katie Miars.

Miars is hesitant about the current lease agreement. She worries selling beer and wine could change the family friendly environment the marina holds.

"Granted, some people have a beer on the back - just like some people are going to have a beer on the beach, but when you make it legal - it becomes different," Miars said.

Still, others say they don't see a problem with allowing beer and wine.

"I do not see where this has to be that big of an issue, by allowing someone to sit there with a sandwich a fish basket, and have a beer with it, and being able to walk away satisfied," said councilman Rusty Streetman.

That's because many people say they already see beer consumption along the marina.

"So I do not personally see the issue on this is going to explode because this has been happening for the past 25 years and I have not seen this explode," said councilman Blair Hahn.

Neighbors say they just want clarity.

"The problem is the conversations have been with the restaurant, the marina store, and the council, and as a resident there has been no information," said Christine Donaven, an IOP resident.

The CEO of Coastal Marinas, Mike Schuler, is hoping to enter into this lease agreement with Isle of Palms. His goal is to cater to the community.

"In fact, we have gone to great lengths to ensure self imposed limitations on any consumption of alcohol on the premise, in what I think is a very reasonable way," Schuler said.

Some of Coastal Marina's plans include giving Isle of Palms residents better access to water, including free parking, priority access to slips, and upgrading retail offerings and operations along the marina.

South Carolina Rockers The Blue Dogs Return With Brand New LP "Big Dreamers"

Today, after almost two decades since their last release, Carolina’s favorite rock and rollers the Blue Dogs are back in the game with the release of a brand new full-length album, Big Dreamers. Produced by accomplished guitarist and longtime Blue Dogs fan—and at times, guitar player—Sadler Vaden (Jason Isbell & The 400 Unit), Big Dreamers marks a long...

Today, after almost two decades since their last release, Carolina’s favorite rock and rollers the Blue Dogs are back in the game with the release of a brand new full-length album, Big Dreamers. Produced by accomplished guitarist and longtime Blue Dogs fan—and at times, guitar player—Sadler Vaden (Jason Isbell & The 400 Unit), Big Dreamers marks a long-awaited comeback for the band and an inevitable full-circle moment for their producer. “I have a history with these guys,” Vaden says. “They used to hire me when I was 18 or 19 years old to play with them.” Vaden isn’t the only fan of Blue Dogs contributing to Big Dreamers, legendary Texas songwriter Radney Foster sings background vocals on “That’s How I Knew,” which he co-wrote with Bobby Houck along with the greasy, mid-tempo “If Ever,” and dobro master Jerry Douglas joined the boys on the bluegrass-inspired “The Road You Don’t.”

This week Folk N Rock premiered the music video for “Big Dreamers” and Relix Magazine shared a full album first listen of Big Dreamers. Fans can now stream or purchase Big Dreamers in its entirety at this link. The Blue Dogs are celebrating the release of Big Dreamers with a performance (June 3rd) at The Windjammer in Isle of Palms, South Carolina. Tickets are still available at this link.

More About Blue Dogs and Big Dreamers: Founded in 1987 and based in Charleston, the group is still led by songwriters Hank Futch (bass) and Bobby Houck (lead singer, acoustic guitar), who grew up together in Florence, South Carolina. ??After nearly two decades on the road, the Blue Dogs took an extended break from touring in 2007 as Futch and Houck accepted jobs outside of music to support their new families. Yet they both filed away occasional phrases and potential titles, just in case they ever had a chance to make another album together. For this project they were joined in the studio by guitarist Dan Hood, steel guitar player Charlie Thompson, and longtime drummer Greg Walker. Keeping it all in one big Blue Dogs family, former member Phillip Lammonds co-wrote three of the new songs.

“We’re doing this to follow that dream of playing music and sharing our sound with whoever wants to listen,” Futch says. “We’ve probably been Americana before that became a term. But we didn’t feel like we had to be anything other than ourselves to write these songs.” Houck adds, “We still have something to say. We can write good songs that we like, knowing other people will like them too. We’ve got a lot more to do, more places to play, and maybe bigger places to play. Because of this album, we get to live this dream longer than we thought.”

Big Dreamers Tracklist:

The Good Ones

Big Dreamers

Young Love

All Night Long

That’s How I Knew

Love Is Love Is Love

The Good Road

If Ever

The Road You Don’t

Carolina Grand

All Out Of Time

Blue Dogs On Tour:

June 3 - Isle of Palms, SC - The Windjammer’s Kona Liquid Aloha Beach Stage

June 10 - Norfolk, VA - Norfolk Harbourfest

July 2 - Aiken, SC - Aiken Music Fest

July 8 - Columbia, SC - The Main Course

July 9 - Knoxville, TN - Barley's Knoxville

July 10 - High Point, NC - The Revival with Paul Thorn & Friends

July 23 - Phenix City, AL - Chattahoochee Brewing

Sept. 13-17 - Nashville, TN - AMERICANAFEST

Sept. 30 - Sumter, SC - Sumter Opera House

Oct. 8-9 - North Charleston, SC - Riverfront Revival

For all tour dates and ticket information, please visit https://bluedogs.com/shows

Fishing tournament honoring teen kicks off on National Safe Boating Week

ISLE OF PALMS, S.C. (WCBD) – National Safe Boating Week kicks off on Saturday, and Lowcountry officials are sharing tips to keep in mind before heading out on the water.According to the South Carolina Department of Natural Resources, there were 201 reported boating accidents and 21 boat fatalities in 2021.Captain Michael Paul Thomas said to always check the boat’s safety equipment like the fire extinguisher. Make sure there are enough life jackets for everyone onboard and that they fit.“Make sure that t...

ISLE OF PALMS, S.C. (WCBD) – National Safe Boating Week kicks off on Saturday, and Lowcountry officials are sharing tips to keep in mind before heading out on the water.

According to the South Carolina Department of Natural Resources, there were 201 reported boating accidents and 21 boat fatalities in 2021.

Captain Michael Paul Thomas said to always check the boat’s safety equipment like the fire extinguisher. Make sure there are enough life jackets for everyone onboard and that they fit.

“Make sure that they are proper size, that they aren’t worn out. They may have been sitting up all winter. Make sure that they are serviceable,” said Thomas.

Another tip from Thomas – boaters should let friends and family know when they plan on returning from a boating trip, so they can call for help if the deadline is not met.

Thomas recommends the driver wears a kill switch to cut off power if they fall off the boat.

Officials are stressing the importance of sober boating. They said to always have a designated driver.

With more than 339,000 registered boats last year, officials said its important to be responsible on the water.

According to DNR, there have been 49 reported boat accidents this year. One of those involved 18-year-old Logan Wood.

Wood’s family knows all too well what it’s like to lose someone in a boating accident. The teen went missing back in January when he was out boating. His body was recovered a month later.

“As much as it hurts to have him gone, at least he was doing something he loved when it happened,” said close family friend Kimberly Ambrose.

On Saturday, his family is holding a memorial fishing tournament on what would’ve been his 19th birthday. The goal of the event is to raise money to buy safety equipment for other boaters in hopes of preventing this tragedy from happening again.

“You want take something terrible and make it positive. This is a way, in his name, we can honor him and bring everyone else’s family members home,” said Ambrose.

DNR is hosting several upcoming courtesy boat inspections. Click here for more information.

Album Premiere: South Carolina Rockers Blue Dogs Share ‘Big Dreamers’

Photo by Suz FilmToday, South Carolina rock outfit The Blug Dogs released Big Dreamers, their first studio-recorded offering since 2004’s Halos and Good Buys. The anticipated album was produced by acclaimed producer, solo artist, songwriter and Grammy-winning member of Jason Isbell and the 400 Unit, Sadler Vaden.Blue Dogs were founded in Charleston, S.C. in 1987 and are led by songwriters Hank Futch and Bobby Houck, who handle bass and acoustic guitar respectively. Since forming, the duo spent t...

Photo by Suz Film

Today, South Carolina rock outfit The Blug Dogs released Big Dreamers, their first studio-recorded offering since 2004’s Halos and Good Buys. The anticipated album was produced by acclaimed producer, solo artist, songwriter and Grammy-winning member of Jason Isbell and the 400 Unit, Sadler Vaden.

Blue Dogs were founded in Charleston, S.C. in 1987 and are led by songwriters Hank Futch and Bobby Houck, who handle bass and acoustic guitar respectively. Since forming, the duo spent two decades on the road eventually slowing down in 2007 to take jobs outside of music to support their new families. Despite that, music stayed at the forefront of their minds and the desire to create an album only grew.

“We’re doing this to follow that dream of playing music and sharing our sound with whoever wants to listen,” Futch said. “We’ve probably been Americana before that became a term. But we didn’t feel like we had to be anything other than ourselves to write these songs.” Houck added, “We still have something to say. We can write good songs that we like, knowing other people will like them too. We’ve got a lot more to do, more places to play, and maybe bigger places to play. Because of this album, we get to live this dream longer than we thought.”

Big Dreamers came together when guitarist Dan Hood, steel guitar player Charlie Thompson, and longtime drummer Greg Walker joined the Flutch and Houck in the studio – former member Phillip Lammonds also joined them to co-write three of the new songs featured on the project. The LP serves as a comeback for the Blue Dogs and a full-circle moment for Vaden who collaborated with the band since he was 18 and admired their sound even before that.

“Any time I hear the Blue Dogs, it takes me home to the Carolinas. I feel like they have never gotten the recognition outside of South Carolina and the Southeast circuit,” said Vaden. “So, I hope this album can get them out there a bit more and gain some new fans who will look back at their legacy as well. These guys deserve the type of record we made.”

Vaden isn’t the only support seen on Big Dreamers, legendary Texas songwriter Radney Foster is featured on “That’s How I Knew,” which he wrote with Houck and adds background vocals on the glossy, “If Ever.” Master dobro player Jerry Douglas also assists Blue Dogs on the bluegrass-influenced “The Road You Don’t.”

To celebrate the release of the project Blue Dogs will perform a show at Isle of Palms, S.C. famed Windjammer beach stage tomorrow, June 3. Tickets are available now and can be found here. Following the album release party, Blue Dogs will continue to perform around the South through the summer and into October where they’ll perform a homecoming performance stint at North Charleston, S.C.’s Riverfront Revival Music festival.

“[‘Big Dreamers’] is written for all the family members, friends and fans that have loved and supported us and our music and helped us be big dreamers,” said Futch, tying a bow on the project. “‘Big Dreamers’ seemed to be a title that we can all relate to and embrace. Take the Big Dreamers recording wherever you go and be a big dreamer believer.”

Listen to Big Dreamers below:

Tour dates:

June 3 – Isle of Palms, SC – The Windjammer’s Kona Liquid Aloha Beach Stage

June 10 – Norfolk, VA – Norfolk Harbourfest

July 2 – Aiken, SC – Aiken Music Fest

July 8 – Columbia, SC – The Main Course

July 9 – Knoxville, TN – Barley’s Knoxville

July 10 – High Point, NC – The Revival with Paul Thorn & Friends

July 23 – Phenix City, AL – Chattahoochee Brewing

Sept. 13-17 – Nashville, TN – AMERICANAFEST

Sept. 30 – Sumter, SC – Sumter Opera House

Oct. 8-9 – North Charleston, SC – Riverfront Revival

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