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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

City of Isle of Palms names new fire chief

ISLE OF PALMS, S.C. (WCSC) - Officials with the City of Isle of Palms have named Craig Oliverius as the new fire chief.This comes after city leaders unanimously approved a recommendation from the city administrator to appoint Oliverius who is the deputy chief of the Mount Pleasant Fire Department.Oliverius will start his new job on March 29 and will oversee 34 full-time employees and an annual budget of approximately $5 million, city officials said.Oliverius began his career as a volunteer firefighter in the Sullivan&rsq...

ISLE OF PALMS, S.C. (WCSC) - Officials with the City of Isle of Palms have named Craig Oliverius as the new fire chief.

This comes after city leaders unanimously approved a recommendation from the city administrator to appoint Oliverius who is the deputy chief of the Mount Pleasant Fire Department.

Oliverius will start his new job on March 29 and will oversee 34 full-time employees and an annual budget of approximately $5 million, city officials said.

Oliverius began his career as a volunteer firefighter in the Sullivan’s Island Fire Department before joining Mount Pleasant as a firefighter. IOP officials say during his 20-year career, Oliverius rose through the ranks serving in wide areas including emergency response, operations, fire prevention, training, human resources, public relations, administration, emergency medical services and professional standards.

In addition, the city says Oliverius was instrumental in the planning and development of the Mount Pleasant Fire Department’s Strategic Plan and in maintaining accredited status through the Commission on Fire Accreditation International.

“I am thrilled for Chief Oliverius to join our team at Isle of Palms. He has impressive qualifications and well-rounded experience working in an accredited Fire Department,” said City Administrator Fragoso. “We are fortunate to be able to draw from that experience and ensure that the Isle of Palms Fire Department is a beacon for professionalism and service to our community. His desire to foster innovation, collaborate with our partners, develop stronger relationships with our neighbors, and mentor the next generation of fire service leaders will truly benefit the Isle of Palms Fire Department and the community.”

City officials say they retained the services of executive recruiting firm Developmental Associates to facilitate the search for the new fire chief.

“I am humbled and honored to have this amazing opportunity to work with the City of Isle of Palms Administrator, Council, Firefighters, Staff, and Elected Officials,” Oliverius said. “I look forward to hitting the ground running to lead and serve alongside this talented group of firefighters and staff. I’m excited to develop community partnerships as well as enhance existing public safety relationships. My goal is to deliver excellent customer service to everyone the fire department comes in contact with, including residents, businesses, and visitors.”

“We are thrilled to add someone to our IOP family with Craig’s credentials and background. Craig will be a great addition to an already strong department,” Mayor Pounds said.

Copyright 2022 WCSC. All rights reserved.

Can She Crab Soup Get Any Better? Maybe, If You Pour It Over Fries

People can’t stop ordering the combo at this new restaurant on Isle of Palms, South CarolinaShe crab soup is a mainstay of the Charleston, South Carolina, dining scene. The Gullah matriarch Emily Meggett included a recipe for the dish in her outstanding new cookbook, Gullah Geechee Homecooking, (and shared it here), and plenty of area...

People can’t stop ordering the combo at this new restaurant on Isle of Palms, South Carolina

She crab soup is a mainstay of the Charleston, South Carolina, dining scene. The Gullah matriarch Emily Meggett included a recipe for the dish in her outstanding new cookbook, Gullah Geechee Homecooking, (and shared it here), and plenty of area restaurants serve their takes on the classic—a savory, creamy stew that’s usually topped with crab roe and a splash of sherry.

When the owners behind the shiny new fish camp Islander 71, perched above the Intracoastal Waterway on Isle of Palms, South Carolina, were playing around in the restaurant’s kitchen before opening, they stumbled upon what they now consider their menu’s gold star.

“We’d figured out our she crab soup recipe,” says co-owner Dave Lorenz. “And we also had these nice and crispy seasoned fries, and we’re hanging out in the kitchen and one thing led to another and we’re like, let’s dump this on top of that, and it was just like…this is amazing.”

The seasoned fries draw on Lorenz’s memories of growing up in Maryland. “I remember visiting the boardwalk near Rehoboth Beach, or along the Chesapeake, and you’d get these fries—really salty with a little spice, a little sweet in the seasoning. That’s how we make them here, too.” He says everything about Islander 71 is meant to throw back to a 1970s fish-camp feel.

“The soup itself is very Lowcountry driven, very much your classic she-crab,” he says. “So the creamy richness of the soup over those crave-able salty fries, it’s turned out to be a crowd favorite. Big tables will order two or three and you can tell when people have had it—they’re like, ‘Oh, here’s the fries! Here’s the fries!’”

Although he generously shared the soup recipe, he won’t give away all his French fry secrets, but using your favorite seasoning salt—and a pinch of sugar—will make this recipe “extra crave-able.”

IOP community raises money for grocery store worker after scam

ISLE OF PALMS, S.C. (WCBD) – A beloved grocery store employee is receiving some help from the Isle of Palms community after she fell victim to a scam.Keera Urick has been a cashier at the IOP Harris Teeter for the last 2.5 years. Back in February, she and her husband moved into a new home in Summerville that they found on Craigslist. After living in the house for eight weeks, they discovered a scammer was pretending to be American Homes 4 Rent.Suddenly, the couple was out thousands of dollars and a place to live.&l...

ISLE OF PALMS, S.C. (WCBD) – A beloved grocery store employee is receiving some help from the Isle of Palms community after she fell victim to a scam.

Keera Urick has been a cashier at the IOP Harris Teeter for the last 2.5 years. Back in February, she and her husband moved into a new home in Summerville that they found on Craigslist. After living in the house for eight weeks, they discovered a scammer was pretending to be American Homes 4 Rent.

Suddenly, the couple was out thousands of dollars and a place to live.

“I was calling family members, people I knew trying to see if they could come and help us. I was freaking out. I got so upset,” said Urick.

Urick and her husband fell on hard times after that, both financially and emotionally. The couple has been staying in a hotel. They even spent a few nights in their car.

“Some nights we didn’t have a meal because of this,” she explained.

Darla Hood frequents the IOP Harris Teeter and has gotten to know Urick over the years. After learning about her situation, Hood knew she wanted to help.

“We all go to the grocery store every day, we’re a small community, it’s a small island. I know that there has to be other people that would want to help her but maybe didn’t know,” said Hood.

She was right. Hood organized a gofundme which has reached over $30,000. With this money, the community was able to pay off the couple’s car, cell phone bill, and insurance for six months – among other things.

Hood’s social media was flooded with supportive comments from community members.

“Darla this is so awesome, I love Keera. I always talk to her while I’m in line,” Hood read aloud from a printed sheet of comments.

On Thursday, News 2 was there for the moment Hood surprised her friend with the exciting update.

“I never knew that anything like that could ever happen for me. I’ve never had people step up for me like that,” said Urick.

Hood said she is working on finding housing for the couple. To donate to the fundraiser, click here.

South Carolina Has 5 Of The Cutest Seaside Towns In The South

There are still a few weeks of summer left so it’s not too late for that beach trip. Or as fall approaches maybe you want to get away without getting in the water. If either one of those is the case then we’ve got the list for you! Country Living recently compiled a list of what they consider the cutest seaside towns in the south. And we are proud to say that of the 30 seaside towns featured...

There are still a few weeks of summer left so it’s not too late for that beach trip. Or as fall approaches maybe you want to get away without getting in the water. If either one of those is the case then we’ve got the list for you! Country Living recently compiled a list of what they consider the cutest seaside towns in the south. And we are proud to say that of the 30 seaside towns featured in the list 5 are in South Carolina! That’s pretty impressive. And gives you several options for a relaxing vacation on the coast.

Whether you like the historic charm, soaking in nature, or proximity to a larger town there is a destination on this list you’ll adore. There’s a good chance you’ve been to one or two as well. If not there is still time! I have to say though, even as a North Carolina resident, I’ve been to more of the South Carolina towns on this list. However, 5 North Carolina ones are also featured. But there is nothing wrong with adding to the bucket list though it’s getting pretty long these days.

What do you think are the cutest seaside towns in South Carolina? Would you agree with this list?

South Carolina Town Looks "Straight Out Of Europe"

You don’t have to fly to Europe to experience its beauty. It seems like everyone I know has been in Europe these past few months. However, that trip is not in my budget these days! But the good news is you can still get the look and feel of several European cities and regions right here in the United States. And no, I’m not telling you to visit Paris, TX, or Rome, GA. Though I’m sure they are wonderful places to visit. We can do more than just a name! In fact, you don’t have to travel far at all. One South Carolina town is featured on House Beautiful‘s list of towns Straight Out Of Europe.

Even as someone who hasn’t visited Europe it’s obvious even through photos how much more beauty and culture is in the architecture and towns. This is obviously due to the rich history of the cities and countries. The charm is quaint and iconic and even when relocating many immigrants chose to bring the style of their homeland with them. We are very lucky to have towns all across the county with influences from places like England, Spain, Italy, Poland, The Netherlands, France, Greece, Germany, and more.

Even if you’re idea of a vacation leaves you stuck in the country you can still revel in the European style. (And get that perfect Instagram photo). You can even make the quick drive to South Carolina to feel like you’re in Europe. Keep reading to see the 35 towns and cities featured on House Beautiful‘s list.

Charleston, South Carolina

Charleston is a large city situated in Charleston County in the US State of South Carolina. The 1670-founded port city is known for its horse-drawn carriages, pastel antebellum homes, and cobblestone walkways. Although Charleston is renowned for its romantic appeal, the world-class dining, shopping, and natural beauty are what draw people to this...

Charleston is a large city situated in Charleston County in the US State of South Carolina. The 1670-founded port city is known for its horse-drawn carriages, pastel antebellum homes, and cobblestone walkways. Although Charleston is renowned for its romantic appeal, the world-class dining, shopping, and natural beauty are what draw people to this all-around charming city.

Geography And Climate Of Charleston

Charleston is the principal city in the Charleston-North Charleston metropolitan area. It is also an important port on the Atlantic coast, an important historical site for Southern culture, and the center of a significant urbanized region that also includes Goose Creek, Mount Pleasant, North Charleston, and Hanahan. Charleston covers a total area of 349.92 sq. km, of which 297.24 sq. km is occupied by land, and 52.68 sq. km is covered by water. There are six separate districts in the city proper of Charleston: Downtown, West Ashley, Johns Island, James Island, Cainhoy Peninsula, and Daniel Island. The city is located on a peninsula that faces the picturesque deep-water Charleston Harbor and is wedged between the estuaries of the Ashley and Cooper rivers. Apart from its entrance, Charleston Harbor is bordered on all sides and extends roughly 11 km southeast to the Atlantic. The harbor's average width is around 3.2 km.

According to the Köppen climate classification, Charleston experiences a humid subtropical climate, characterized by hot and humid summers and mild winters, with fog and rainy days almost all year long. July and January record the highest (28°C) and lowest (10°C) average temperatures, respectively. A significant part of the annual rainfall is received as thundershowers by the city from June to September. Freezing rain is quite common in Charleston during the winter months.

Brief History Of Charleston

Early in the seventeenth century, Charleston is claimed to have been given as a gift to the devoted followers of King Charles II of England. More than 150 English colonists, their servants, and slaves arrived in what is now Charleston harbor in the spring of 1670. Pious supporters of King Charles II had a vision of "Charles Town," a regal port city bearing the king's name, and within a few days, colonists and slaves from all over Europe began to swarm to this town. Charles Town, however, experienced several riots and was frequently attacked. Following the city's siege by pirates, numerous additional uprisings occurred. Charles Town quickly grew to be the fourth largest colony, as things began to improve in 1750 when it started to serve as a commerce hub for southern colonies. Later, the name was changed to Charlestown, and in 1782, the city got officially reincorporated as Charleston.

The Population And Economy of Charleston

As per the latest US Census, Charleston has a population of 150,227 residents, where 53.1% are females and 46.9% are males. The city's racial makeup is 71.4% white (non-Hispanic/Latino), 20.8% African-American or Black, and 3.6% Hispanic or Latino. The remaining population is distributed among Asians, Native Americans, and other races. English is spoken by 93.8% of the population. The rest speak Spanish (2.6%), Indo-European languages (2%), Asian and Pacific Islander languages (1.3%), and other foreign languages (0.3%). Only 53.5% of the population in Charleston are naturalized US citizens. And veterans make up 8% of Charleston's population, of which 90.2% are males, and 9.8% are females. As per the same Census, 63.7% of the population are employed, with a poverty rate of 12.6%. The homeownership rate in Charleston is 55.4%, where the median gross rent cost is $1,318 per month, with a median household income of $72,071.

Attractions In And Around Charleston

Charleston's parks are among the nation's most scenic and beautiful parks. Visit a festival in Brittlebank Park, observe the sunset in Charleston Waterfront Park, or check out James Island County Park for a ton of fun family activities. There are several picturesque picnic spots across Charleston's parks that are also lovely and intriguing.

If you are a big fan of art, you'll be delighted to visit the Halsey Institute of Contemporary Art. You can also visit the City Gallery at Waterfront Park for even more art, which offers a wide variety of selections. If science is more your thing, visit the Mace Brown Museum of Natural History to see thousands of incredible fossils.

Charleston offers a lot of options if you enjoy sunbathing and surfing. Folly Beach is one of the best-loved selections, but there are loads of other options out there for you. These are a couple of other beaches in the Charleston area you may want to check out: Sullivan Island, Edwards Beach, Bull Island, Isle of Palms, and Kiawah Island.

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