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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 James Island, SC, who can educate you on mortgage rates and provide trustworthy guidance to help you make an informed decision.

My name is Dan Crance - James Island'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 James Island, 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 James Island, SC
 Refinance James Island, SC

Why Choose Dan Crance As Your Mortgage Lender in James Island, 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 James Island, SC

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

 FHA Mortgages James Island, 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 James Island, SC.

Refinancing in
James Island, 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 James Island, 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 James Island, 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 James Island, 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 James Island, 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 James Island 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 James Island, SC

Trust Dan Crance

Your Mortgage Lender in James Island, 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 James Island loves Classic Home Mortgage.

After hours by appointment only. CONTACT DAN

Latest News in James Island, SC

Weather threat brings changes to SC high school football playoff schedule

Some of the S.C. high school football playoff schedule is being altered this week with the threat of Subtropical Storm Nicole.The storm is expected to bring rain to South Carolina on Friday, and some schools have already decided to move their games up a day. Here is updated playoff schedule.Class 5ALower StateBerkeley at Fort DorchesterClass 4A Upper Sta...

Some of the S.C. high school football playoff schedule is being altered this week with the threat of Subtropical Storm Nicole.

The storm is expected to bring rain to South Carolina on Friday, and some schools have already decided to move their games up a day. Here is updated playoff schedule.

Class 5A

Lower State

Berkeley at Fort Dorchester

Class 4A

Upper State

Catawba Ridge at North Augusta, 7:30 p.m.

Class 3A

Lower State

Brookland-Cayce at Dillon, 7 p.m.

Class A

Upper State

Denmark-Olar at Lewisville, 7 p.m.

CA Johnson at Wagener-Salley, 7 p.m.

SCISA 4A

Porter-Gaud at Hammond, 6:30 p.m.

Class 5A

Upper State

Spartanburg at TL Hanna

Dorman at Dutch Fork

JL Mann at Gaffney

Byrnes at Blythewood

Lower State

Cane Bay at Sumter

Lexington at Summerville

Carolina Forest at Goose Creek

Class 4A

Upper State

South Pointe at Greenville

Indian Land at Westside

Greenwood at Northwestern

Lower State

Hartsville at AC Flora

Myrtle Beach at West Florence

Irmo at James Island

Bluffton at South Florence

Class 3A

Upper State

Chester at Powdersville

Woodruff at Daniel

Belton Honea Path at Clinton

Seneca at Chapman

Lower State

Lower Richland at Camden

Crestwood at Beaufort

Manning at Gilbert

Class 2A

Upper State

Newberry at Abbeville

Fairfield Central at Silver Bluff

Keenan at Strom Thurmond

Saluda at Gray Collegiate

Lower State

Timberland at Andrew Jackson

Andrews at Barnwell

Wade Hampton (H) at Oceanside Collegiate

Cheraw at Woodland

Class A

Upper State

Calhoun County at Christ Church

St. Joseph’s at Southside Christian

Lower State

Bamberg-Ehrhardt at Johnsonville

Baptist Hill at Lamar

Carvers Bay at Estill

Lake View at Cross

SCISA

Class 4A

Trinity Collegiate at Laurence Manning

Class 3A

Florence Christian at Wilson Hall

Pinewood Prep at Pee Dee Academy

Class 2A

Bethesda Academy at Williamsburg Academy

Colleton Prep at Beaufort Academy

Class A

St. John’s at Lee Academy

Calhoun at Thomas Heyward

8-Man

Richard Winn at Holly Hill

Faith Christian at WW King

Find impressive $9 fried seafood plates at this unexpected James Island location

A windowless white cinderblock building looked lifeless at 1:22 p.m. on a recent Friday afternoon, though a parking lot full of cars suggested otherwise.After unsuccessfully trying to enter through a locked front door, I wandered to the right side of the single-story structure, opening the door to a cozy room full of people and the scent of fresh fried fish.One couple sat down with their basket of flounder, french fries, hush puppies and coleslaw at a table by the fireplace, while three women across the room laughed as a tower ...

A windowless white cinderblock building looked lifeless at 1:22 p.m. on a recent Friday afternoon, though a parking lot full of cars suggested otherwise.

After unsuccessfully trying to enter through a locked front door, I wandered to the right side of the single-story structure, opening the door to a cozy room full of people and the scent of fresh fried fish.

One couple sat down with their basket of flounder, french fries, hush puppies and coleslaw at a table by the fireplace, while three women across the room laughed as a tower of Jenga pieces fell to the floor. Most, however, crowded around the bar, or canteen, as it’s called at the PFC Ralph H. Johnson USMC American Legion Post 147 on James Island.

Established in 1919, The American Legion is a wartime veterans service organization with over 3 million members. Post 147 is one of about 12,000 American Legion posts across the country. Membership is open to veterans who served during wartime periods. Spouses and family members of those who served during wartime dates are eligible to join the American Legion Auxiliary or Sons of The American Legion.

But membership isn’t a requirement to come enjoy Friday Seafood Lunch at The American Legion Post 147.

“We’re glad to bring people in and, as I say, take care of veterans and their families, and veterans and their friends, if it comes to that,” said Post Commander Steve Driscoll, a Marine Corps veteran who worked in education for 48 years. “On a given day we’ll almost always have 100 if not 115 folks coming through the door.”

The bang for your buck is unmatched at Post 147’s Friday Seafood Lunch — a basket of flounder, french fries, hush puppies and coleslaw costs just $9. Add shrimp, oysters or both for an additional $3 each.

Beyond just the price, the group of volunteers churning out 100-plus orders of fish every Friday knows what they’re doing in the kitchen. Close your eyes, take a bite and you might feel as though you’re at a trendy new Lowcountry fish camp.

In this welcoming environment, people want to learn your name — whether it’s the volunteer chefs, four staff bartenders or canteen manager Tina Baugh, who has worked at Post 147 for 11 years.

Baugh and Driscoll both recounted the origin story of Friday Seafood Lunch, which started with a group of five members who garnered the nickname the Weenee Boys. Sam Brown, Jim Churchill, Trip Compton, Pat Clute and Mike Garvin, the post’s first kitchen crew, started serving hot dogs on Fridays as a way to fund improvements to the post. Hot dogs were traded for seafood in 2014, and years later, the meals were opened to the public, with 100 percent of proceeds going right back to Post 147.

“We opened up to the public and they were very receptive,” said Baugh, who took a short pause during our interview to tell one of the bartenders a customer’s regular drink order (Canadian Mist Whisky, cherry juice and sweet vermouth). “All we’ve got is that one sign out there.”

“We’ve picked up over time maybe 10, 15 members that way, which is always good,” added Driscoll. “The more members you have the greater chance you have of impacting change.”

Legionnaires participate in community activities and work with the students at four local high schools. They also support one another, welcoming newcomers with open arms.

Members of Post 147 now have a new canteen to gather in thanks to Friday Seafood Lunch and other meals that are open to the public, including Wednesday and Thursday lunch, Saturday dinner and Sunday breakfast.

Improvements include a raised ceiling, updates to the bar and the addition of a Purple Heart memorial, marked by a gorgeous stained glass window from the American Military Museum, which closed and never found a new home.

“They seem to like it a lot because it’s more open,” Driscoll said of the upgrades, completed in September. “It’s improved the service and certainly the ambiance.”

The atmosphere is quite nice, I concluded while dipping the last bits of flounder in a small pool of Texas Pete hot sauce.

Go see for yourself next Friday from 11:30 a.m.-2 p.m., when Driscoll will holler “last call for seafood!”

I’m fairly certain you’ll be glad I sent you.

Charleston leaders address flooding in James Island neighborhood

JAMES ISLAND, S.C. (WCBD) – Charleston City leaders provided some insight on a flood-prone neighborhood on James Island that saw an excess of water after Hurricane Ian.News 2 first introduced viewers to Michael Miller and his wife on Friday when Hurricane Ian flooded their home and others on Shoreham Road.According to Miller, it took about five to six hours for the water to drain on the street and about three hours for it to recede inside his home.“We just started getting as much of the water and as much of t...

JAMES ISLAND, S.C. (WCBD) – Charleston City leaders provided some insight on a flood-prone neighborhood on James Island that saw an excess of water after Hurricane Ian.

News 2 first introduced viewers to Michael Miller and his wife on Friday when Hurricane Ian flooded their home and others on Shoreham Road.

According to Miller, it took about five to six hours for the water to drain on the street and about three hours for it to recede inside his home.

“We just started getting as much of the water and as much of the dirt out as we could. Putting up fans, scrubbing down everything. Trying to assess the damage,” said Miller.

According to Charleston City leaders, Shoreham Road is known to flood because it sits in a low-lying area.

“It’s a neighborhood where when that water falls on the streets and on the roofs and on the properties it’s hard to move it out very quickly especially if we get higher tides,” explained Matthew Fountain, the Director of Stormwater Management for the City of Charleston.

There are a few projects in the works to help prevent flooding in the neighborhood. Fountain said one includes a rain garden that is set to be built at the site of a former flood-prone home the city acquired through federal grants.

He said the other small project consists of constructing a drainage swale system to help store more water in the neighborhood. While these projects can help with a typical thunderstorm/rain event, Fountain said it will take more to prevent flooding in a major storm like Ian.

“That neighborhood is going to experience flooding. That’s part of the reason we’ve looked at home acquisitions and demolition in that location giving people the opportunity if they have a heavily flooded home to have the city work with the federal government and eventually buy their homes,” explained Fountain.

Meanwhile, drainage projects on other parts of James Island seem to be showing signs of improvement. News 2 met with Charleston County Councilwoman Jenny Costa Honeycutt at the Charleston Municipal Golf Course where drainage improvements are underway.

She said Hurricane Ian was one of the first big storms to hit the area since rolling out the projects. Because of the work that was done over the last few years, Honeycutt said the water in the system was able to drain within one tide cycle, as opposed to sitting for days as it has in the past.

“One of the parts of the improvements that really helped was cleaning out the Stono River outfall and then back up the ditch system to the entire watershed, so that water could drain out faster. In conjunction, we also enhanced these ponds you see on the golf course to allow more water to stay in the system as the tides change,” explained Honeycutt.

According to city leaders, they monitor streets like Shoreham Road ahead of big storms, making sure the pipes aren’t clogged.

Copyright 2022 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Plans for new development on James Island under review

CHARLESTON, S.C. (WCSC) - The City of Charleston’s Planning Commission on Wednesday will review plans for a new residential development on James Island.The property has both low-lying wetlands and high ground, which appears to be causing concern for some James Island residents.One James Island resident, Franny Henty, said she is concerned about the flooding problems that developments in low-lying areas m...

CHARLESTON, S.C. (WCSC) - The City of Charleston’s Planning Commission on Wednesday will review plans for a new residential development on James Island.

The property has both low-lying wetlands and high ground, which appears to be causing concern for some James Island residents.

One James Island resident, Franny Henty, said she is concerned about the flooding problems that developments in low-lying areas may cause for surrounding neighbors.

Developers are proposing to build the ‘Harbor View Towns’ near the intersection of the James Island Expressway and Harbor View Road. According to the submitted plans, it will consist of six single-family and 10 multifamily units.

Henty lives off of Folly Road, right near Publix.

With the multiple jurisdictions interacting on James Island, she said she hopes the city is being careful with its stormwater retention plan, especially considering the low-lying areas and wetlands on the property.

“Adding so much development can flood out the neighbors, and that’s not apparent immediately, its apparent years later, Henty said.

City of Charleston Director of Planning, Preservation and Sustainability Robert Summerfield said the majority of the property is high land, but the portion of the property containing wetlands will be “pretty significantly” buffered away.

He said the developer’s plans include a stormwater retention plan, and even though the multiple jurisdictions can be confusing from a planning perspective, he is confident in the city’s stormwater requirements.

“This property is in the city, this property is not, and so on and so forth. But this one is in the city, has to meet all of our requirements. And again, our stormwater requirements, I would put those up against any in the state in terms of their stringent requirements to safeguard against future, and particularly downstream, flooding,” Summerfield said.

We are waiting to hear from the developer for comment.

Today’s planning commission meeting will take place at 5:00 p.m. in the Public Meeting Room on the first floor of 2 George Street.

The meeting will also be live streamed and recorded on the City of Charleston Public Meetings YouTube channel.

Copyright 2022 WCSC. All rights reserved.

Festival of Lights returns to James Island for the holiday season

CHARLESTON, S.C. (WCIV) — The 33rd Holiday Festival of Lights is back and as bright as ever.It features over 2 million lights and more than 700 displays.Guests are invited to drive along a three-mile stretch of colorful blinking bulbs and get out of the car for more holiday experiences."There's two areas in the park, Winter Wonderland and Santa's Village, and there's a lot more to see in those areas such as gift shops, Santa will be here in a few weeks. We have marshmallow roasting, food, all kinds of other gr...

CHARLESTON, S.C. (WCIV) — The 33rd Holiday Festival of Lights is back and as bright as ever.

It features over 2 million lights and more than 700 displays.

Guests are invited to drive along a three-mile stretch of colorful blinking bulbs and get out of the car for more holiday experiences.

"There's two areas in the park, Winter Wonderland and Santa's Village, and there's a lot more to see in those areas such as gift shops, Santa will be here in a few weeks. We have marshmallow roasting, food, all kinds of other great things that you have to experience while you're here," said Sarah Reynolds, Public Information Coordinator for Charleston County Parks.

Reynolds says almost 6 million people have come to the event since it opened in 1989.

She says it takes the staff more than an hour to turn on the displays.

"We have some really unique light displays, and you know, some iconic Charleston imagery that are reflected in the light displays here. So it's a really beautiful, really amazing event to drive through," Reynolds said.

Many people say they were ready to get into the holiday spirit. That’s why they attended this season’s debut.

"Every year is something different, and it just always makes people so happy," returning visitor Alexandra Yakobleba said.

Parks and recreation officials say there are more lights this year and you can buy tickets to see the displays from a dragon boat tour.

You get to dry you get to paddle next to like some of the light displays and so it's a really unique opportunity to see those light displays up close," Reynolds said.

Tickets can be bought online in advance or at the gate.

But they’ll be slightly more expensive on busier evenings.

"We have identified peak nights and regular nights at the Festival of Lights. So if you come on a regular night, you're going to be paying a lower admission rate for your vehicle. So we encourage everyone to check out our website, check out the calendar and try to come on a regular night if you can. And we're also offering advance ticket purchases so you don't have to buy your ticket at the gate," Reynolds said.

"Whoever is seeing this, you have got to come out here," Yakobleba said.

If you didn't make it opening night, the festival will be open each night from 5:30 to 10 p.m. through December 31st.

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