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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 to offer free weekend shuttle to Isle of Palms starting later this month

CHARLESTON, S.C. (WCSC) - The Charleston Area Regional Transportation Authority will resume its Beach Reach Shuttle service later this month.The agency announced Wednesday the free seasonal park-and-ride shuttle that provides a connection between Mount Pleasant and the Isle of Palms, will relaunch on May 28.The service will operate on Saturdays and Sundays through Sept. 5, as well as on Memorial, Independence and Labor Days.“We work hard at CARTA to make sure we’re providing a cost-effective and efficient way...

CHARLESTON, S.C. (WCSC) - The Charleston Area Regional Transportation Authority will resume its Beach Reach Shuttle service later this month.

The agency announced Wednesday the free seasonal park-and-ride shuttle that provides a connection between Mount Pleasant and the Isle of Palms, will relaunch on May 28.

The service will operate on Saturdays and Sundays through Sept. 5, as well as on Memorial, Independence and Labor Days.

“We work hard at CARTA to make sure we’re providing a cost-effective and efficient way of getting people where they need to go – and, in the summer months, that includes the beach,” CARTA Board of Directors Chairman Mike Seekings said. “Thanks to our Isle of Palms, Mount Pleasant and Towne Centre partners, we’re able to once again make that happen, and we look forward to re-introducing our riders to the Beach Reach Shuttle.”

Each Saturday, the shuttle will run every hour from 9:15 a.m. (first departure from Towne Centre) to 5:30 p.m. (final departure from Isle of Palms). On Sundays, in order to improve efficiency and ease necessary transfers, the shuttle will run every hour from 9:40 a.m. to 5:55 p.m.

“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,” Town of Mount Pleasant Mayor Will Haynie said. “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.”

“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,” City of Isle of Palms Mayor Philip Pounds said.

Riders should plan to arrive at least five minutes prior to the scheduled departure time.

Beach Reach riders will be able to board the shuttle at stop No. 715, behind the Belk Men’s store in Mount Pleasant Towne Centre, and disembark at 9th Avenue and Ocean Boulevard, adjacent to the Isle of Palms beach access.

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.

CARTA provided the following rules for the shuttle service:

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.

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.

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.

Beach-goers discuss high temperatures, lifeguard shortages

ISLE OF PALMS, S.C. (WCBD) – Temperatures reached well into the 90s in parts of the Lowcountry Thursday, and many people coped with the heat by heading to the beach.The heat is on here in the Lowcountry.“This is a whole other ballgame here,” Crystal Appleton said. “This is like extreme humidity, on top of heat.”Some people don’t mind the high temperatures.“I like it,” Joshua Sharer said. “I like it better than the cold, that’s for sure. You know, it&rsquo...

ISLE OF PALMS, S.C. (WCBD) – Temperatures reached well into the 90s in parts of the Lowcountry Thursday, and many people coped with the heat by heading to the beach.

The heat is on here in the Lowcountry.

“This is a whole other ballgame here,” Crystal Appleton said. “This is like extreme humidity, on top of heat.”

Some people don’t mind the high temperatures.

“I like it,” Joshua Sharer said. “I like it better than the cold, that’s for sure. You know, it’s lets me have a chance to get out here.”

But others feel like the heat has arrived too soon.

“It’s way too early,” Appleton said. “I mean, we just picked up jogging recently, so we’re trying to have to beat the heat to jog, and I’m having to do it late in the evening, when it’s dark pretty much because it’s been so hot here lately.”

Storm Team 2 chief meteorologist Rob Fowler says it’s slightly early for such high temperatures.

“I think last year,” Fowler said, “we didn’t hit 90s until late May, so we’re running ahead of that pace.”

But Fowler says the heat has been worse in previous years.

“Thank goodness this isn’t 2016 when we hit 90 98 days,” he said. “So, just about one out of every three days that year, was 90 or better.”

As people look for places to cool off this summer, Charleston County Parks is on the lookout for lifeguards to patrol those places. They recently announced operations at some of their waterparks will be impacted by the staffing shortage.

“I know when I was a kid,” Sharer said, “I enjoyed getting out there to those Splash Zone-type places, so I’d be disappointed unable to go to those just because of a shortage on lifeguards.”

People who live around the Lowcountry say the presence of lifeguards near any body of water is always reassuring.

“Lifeguards are usually CPR-trained,” Sharer said. “Good to have there in case of those emergencies, you know, have an extra set of eyes that are always on the lookout and lets you feel more safe.”

Charleston County Parks says they conducted lifeguard training on Thursday, at James Island County Park.

Charleston Co. Parks in need of lifeguards

ISLE OF PALMS, S.C. (WCBD) – Charleston County Parks says the number of lifeguards they have is way down and now, they’re doing all they can to increase that number before summer arrives and beach and pool season is in full swing.Charleston County Parks say they are on the lookout for lifeguards.“We’re definitely in a shortage of lifeguards,” Charleston County Parks safety program coordinator Kari Lavoie said. “We’re looking for as many as we can get.”Charleston County Park...

ISLE OF PALMS, S.C. (WCBD) – Charleston County Parks says the number of lifeguards they have is way down and now, they’re doing all they can to increase that number before summer arrives and beach and pool season is in full swing.

Charleston County Parks say they are on the lookout for lifeguards.

“We’re definitely in a shortage of lifeguards,” Charleston County Parks safety program coordinator Kari Lavoie said. “We’re looking for as many as we can get.”

Charleston County Parks is looking for people 16 and up who are committed to helping swimmers stay safe in the ocean and pool.

“Ocean rescue guards do have a prerequisite swim test and a run that they have to do prior to employment,” Lavoie said. “The waterpark and pool lifeguards don’t have that requirement.”

Lavoie says lifeguards are essential to ensuring a safe and fun summer for everyone in the water.

“The biggest thing is anything can happen at anytime,” she said. “Anything can happen to the best of swimmers and not all people have that talent to be the best swimmer. So, I think it’s just really important because anything can happen at anytime, and if you swim near a lifeguard, you’re safe.”

Charleston County Parks says they make sure all of their lifeguards are highly trained before patrolling the waters.

“On the waterpark-pool side,” Lavoie said. “They’ll have to go through a 16-hour course. Typically, it’s spread across three days, so we’ll do Friday, Saturday and Sunday. On the ocean rescue side, they’ve got about 48 hours of training that they have to put in, plus a 40-hour medical responder course that they have to take.”

They also say being a Charleston County lifeguard comes with great benefits.

“The ocean rescue lifeguards,” Lavoie said. “Their starting pay is at $16 an hour. The waterpark and pool lifeguards are at $14 an hour. We pay for all of their certifications, so the lifeguards get paid to be at training while we’re teaching them how to do their job.”

Charleston County Parks will be hosting a job fair for lifeguards this Saturday from 10 a.m. to 1 p.m. at James Island County Park.

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