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 Johns 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 - Johns 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 Johns 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.
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.
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 Johns 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 Johns Island, Dan Crance will help you choose the home loan, interest rate, term options, and payment plans that fit your unique situation.
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 Johns 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 Johns Island, SC - Dan Crance.
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.
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.
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.
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.
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 Johns Island loves Classic Home Mortgage.
After hours by appointment only. CONTACT DANJOHNS ISLAND, S.C. – Matthew Doyle and Garrett Risner both tied for seventh on the individual leaderboard as the Elon University men's golf team finished in eighth place at the Battle at Briar's Creek on Tuesday. College of Charleston hosted the event at the par-72, 7,175-yard Golf Club at Briar...
JOHNS ISLAND, S.C. – Matthew Doyle and Garrett Risner both tied for seventh on the individual leaderboard as the Elon University men's golf team finished in eighth place at the Battle at Briar's Creek on Tuesday. College of Charleston hosted the event at the par-72, 7,175-yard Golf Club at Briar's Creek.
"It was nice to get the spring season started," head coach Don Hill said. "Briar's Creek is a wonderful golf course, and the College of Charleston was a fantastic host."
Doyle completed the final two holes of his second round this morning and posted the low round of the tournament with a 66. Doyle and Risner both finished with a 54-hole total of 215, eight shots behind Wake Forest's Mark Power, who won the individual competition by four shots with a 54-hole score of 207.
Elon carded a 6-over par 294 in the final round to finish with a 54-hole total of 882 (+18). Wake Forest won the event with a total score of 851 (-13), while Memphis placed second and was the only other team to finish under par with a 54-hole score of 860 (-4).
"We did a lot of good things physically this week moving the ball from point A to point B. Our ball striking was better than anticipated for the first event in three months. However, our short games and putting left a lot to be desired," Hill continued. "We look forward to getting back home and getting some work in for a couple of days before we leave for Florida."
HIGHLIGHTS
2023 Battle at Briar's Creek Feb. 6-7 | Johns Island, S.C.
Team Standings 1. Wake Forest (291-282-278--851) -13 2. Memphis (289-285-286--860) -4 3. UNC Wilmington (292-279-294--865) +1 4. Kentucky (290-286-291--867) +3 5. Virginia Tech (290-294-287--871) +7 6. Campbell (287-296-292--875) +11 7. Lipscomb (289-300-290--879) +15 8. Elon (297-291-294--882) +18 9. Augusta (304-290-291--885) +21 10. Boston College (302-295-290--887) +23 11. College of Charleston (298-295-295) +24
Individual Standings T7. Matthew Doyle (75-66-74--215) -1 T7. Garrett Risner (69-73-73--215) -1 T48. Juan Callejo Ropero (78-76-71--225) +9 T59. Oliver Rotermund (77-76-78--231) +15 T62. Timmy Gannon (76-80-76--232) +16
--ELON--
Nearly 200 historic trees on Johns Island were on the chopping block at a Charleston Board of Zoning Appeals meeting Dec. 7, and the debate surrounding their removal is stirring up questions about preserving the island’s natural habitat while planning for booming population growth at the city’s outer edges.Developers requested permission to cut down 193 “grand” trees across two developments in cases heard before the board, which reviews projects that need special exceptions to city ordinances.The grand c...
Nearly 200 historic trees on Johns Island were on the chopping block at a Charleston Board of Zoning Appeals meeting Dec. 7, and the debate surrounding their removal is stirring up questions about preserving the island’s natural habitat while planning for booming population growth at the city’s outer edges.
Developers requested permission to cut down 193 “grand” trees across two developments in cases heard before the board, which reviews projects that need special exceptions to city ordinances.
The grand classification means the trees are more than 24 inches in diameter, likely indicating that they are well over 100 years old. As a result, they are protected by city ordinance. Not only are the trees considered an aesthetic trademark of the once entirely rural island but they are also a key component of the area’s ecosystem and a natural flood prevention tool.
“The trees help us for resilience, absorbing water, supplying shade and wildlife habitat,” John Zlogar, chair of the community group Johns Island Task Force, told The Post and Courier. He is one of nearly 30 residents who submitted comments to the zoning board in favor of saving as many trees as possible amid development.
The board ultimately approved both tree removal plans with some caveats.
Developers of the first project, a 71-home planned community near Fenwick Hall Plantation, requested permission to cut down 21 trees. The zoning appeals board reduced that to 15. They also stipulated that the developers of the property must hire an arborist to create a protection plan for the remaining trees and plant 151 new native trees with at least a 2½-inch diameter.
The developers argued that after having an arborist evaluate the trees on the property, the ones slated for removal were already in poor health.
“We designed the proposed concept plan which ultimately preserves 36 grand trees and impacts grand trees only with a health grade ‘D’ or lower,” wrote Jenna Nelson in a letter to the zoning board. Nelson leads the development’s engineering team, Bowman Consulting Group.
If those trees fell naturally, however, they would have returned organic matter to the ecosystem, promoting other forms of plant life that provide food for animals and insects, said Philip Dustan, an ecology professor at the College of Charleston.
“When (the tree) falls down. it slowly rots and releases its nutrients,” he said.
Tree removals at the second project on Johns Island, called Wooddale, were also approved by the board. Instead of removing 172 trees as originally requested, the developers revised the plan to remove 124. They must also develop a protection plan for the remaining trees and plant about 500 native 2½-inch or wider trees. They also have plans to establish a conservation easement along the southern portion of the property, meaning it will be protected from development moving forward.
“Multiple layout alternatives have been explored by following the natural contours of the site by placing most of the density in the highest area to minimize the cut and fill needed as well as minimize the tree and environmental impacts,” wrote Jason Hutchinson, an engineer for the development with firm Thomas & Hutton.
The Wooddale project has been in the works since 2013 because of a lawsuit that hinged on disagreements between the city and the developer about how to zone the development. As proposed, it includes single-family homes, offices, an assisted-living facility and other amenities, according to site plans. Because it is south of the island’s urban growth boundary, it is subject to stricter limitations than the northern tip of the island. The boundary was established decades ago as a way to preserve the island’s rural origins.
The Woodale tract sits not too far away from Charleston Executive Airport where conservationists secured a win earlier this year. The Charleston County Aviation Authority signed off on a deal to place just under 100 acres in a legally binding conservation easement. An agreement with Lowcountry Land Trust will keep 94 acres from ever being developed there.
As growth continues within the boundary’s limits, some residents are trying to advocate for developments with as little ecological impact as possible on the southern side of the boundary line.
Dustan, who lives near Wooddale, is not pleased with the upcoming development. The most ecologically sensitive solution, he said, would be to build elevated homes on pilings and keep all the existing trees intact.
By removing the native trees, the surrounding area is robbed of parts of a centuries-old root network, which can affect the health of surrounding trees.
“A lot of the trees that you see are actually related to each other,” he said.
Although the development follows the city’s storm water standards, Dustan is concerned that runoff created by the new development will overflow nearby Burden Creek during major ran events.
After hurricane Ian came through in September, water was about a foot below breaching the banks of the creek, he said.
“The curious thing is ... if we keep building like this, we might start flooding the new communities, too,” he said.
Johns Island is seeing a massive influx of growth in ways that is not possible in more developed areas of the city. As a result, the island is seeing a patchwork of new developments separated by stretches of farmland and forests. Longtime residents want to see the city use modern planning tools to lessen the impact of new development on the environment and flooding.
“The area inside the urban growth boundary is only 20 percent of the island, let’s contain the growth in that 20 percent to make sure it’s smart,” Zlogar said.
A citywide water plan, which is currently in the works, will look at the city as a whole to see what types of flood mitigation are needed most and where they would have the most impact. Instead of tackling flood concerns on a project-by-project basis, the city is looking at ways to stop development that increases flooding and identify which flood projects need to be prioritized first.
Instead of trying to drain water as quickly as possible, the city’s main strategy is shifting toward effectively storing floodwater, such as in detention basins, and letting it slowly disperse. One advantage of this approach is that it helps prevent a sinking effect called subsidence. Shifting ground levels due to the movement of groundwater threaten buildings’ foundations and worsen flood risk. Forrest are a natural asset in this type of flood prevention, Dustan said.
“The best way to solve a problem is preventing it from happening in the first place,” he said.
The water plan will be worked into a new citywide zoning ordinance that Charleston officials are also currently drafting.
In the new version, officials want the zoning maps — the guide for what can get built where — to be based on elevation. High ground near major roadways will be fair game for high-density development, in most cases. Low-lying areas and wetlands will be restricted to little or no use at all. The ground rules for development will vary in each area of town. It’s an opportunity to set the framework for how Johns Island can grow in a sustainable way.
As these changes come down the pipeline, Johns Island residents will also have a new advocate in City Hall.
From 2010 to 2020, census data shows the island’s population within Charleston city limits doubled from nearly 5,300 residents to almost 12,000. As a result, in recently approved City Council redistricting maps, Johns Island will get its own council member for the first time in 2024.
How the city approaches tree preservation will need to be tailored to Johns Island, too, Zlogar said. The existing tree ordinance was designed with more developed areas of the city, such as the peninsula, in mind. There, developers are typically requesting to remove one or two trees in an already built-out neighborhood. But on Johns Island, developers are purchasing lots with upwards of 100 acres of land.
“We have a tree ordinance but to my knowledge there is no forest ordinance and that is the problem,” Zlogar said.
Every tree removed affects the overall ecosystem of a forest. And replanting smaller trees, even of the same variety, doesn’t have the same ecological benefit.
“It’s the equivalent of tearing down an apartment building and putting up a woodshed,” he said.
The other concern from Dustan and other community members is that the tree ordinance does not take a holistic view of the island. Saving contiguous swaths of forest is more effective strategy than saving groups of trees on a lot-by-lot basis. Having interrupted clusters of forest reduces storm water absorption and splits up wildlife habitats as well.
“We’re not seeing the forest for the trees,” Dustan said.
Reach Emma Whalen at 843-708-5837. Follow her on Twitter @_emma_whalen.
COLUMBIA, S.C. (WIS) -Thursday a resolution was filed that could begin an impeachment inquiry after a $3.5 billion accounting.Representative Gil Gatch (R-Summerville) filed the resolution directing the South Carolina House Judiciary Committee to begin an inquiry into if South Carolina Comptroller General Richard Eckstrom should be impeached.Eckstrom told the Senate Finance Committee in February that the state’s Annual Comprehensive Financial Reports have overstated how much reserve cash the state had. The error accounted ...
COLUMBIA, S.C. (WIS) -Thursday a resolution was filed that could begin an impeachment inquiry after a $3.5 billion accounting.
Representative Gil Gatch (R-Summerville) filed the resolution directing the South Carolina House Judiciary Committee to begin an inquiry into if South Carolina Comptroller General Richard Eckstrom should be impeached.
Eckstrom told the Senate Finance Committee in February that the state’s Annual Comprehensive Financial Reports have overstated how much reserve cash the state had. The error accounted for $3.5 billion over a ten-year period.
After the error was reported, a dozen Democratic state representatives filed a letter requesting an audit and further inquiry into the error.
Rep. Gil Gatch said, “This is a grave miscarriage of the public trust. If there was ever a reason for which the House should act on our authority to impeach, this rises to the top. At the end of the day, this is a $3.5 billion error, and we must hold the responsible parties accountable.”
Co-sponsors on Thursday’s resolution included Rep. Heather Bauer (D-Columbia) and Rep. Matthew Leber (R-John’s Island). Bauer was among the representatives that filed the earlier audit letter.
Bauer said, “I’ve asked for a full audit, and I got a meeting” She continued,“This has happened before, and he was warned. I’m honestly surprised he hasn’t resigned yet. Where there’s smoke, there’s fire.”
The South Carolina Constitution gives the SC House of Representatives the ability to impeach statewide officials for ‘serious crimes or misconduct in office.’ If the request is approved by two-thirds of the House of Representatives the question of impeachment would head to the South Carolina Senate.
Rep. Gatch said, “South Carolinians deserve better. We must demand transparency and accountability from our elected officials.”
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Cushman & Wakefield announced that the commercial real estate services firm arranged the $16.3 million sale of Forest at Fenwick, an 80-unit multifamily property located in Johns Island, South Carolina.Cushman & Wakefield’s John Phoenix, Richard Gore, and Tyler Fish represented the seller, Southwood Realty/Triangle Real Estate, in the transaction. The multifamily property was acquired in a partnership managed by Rowin Capital and Penny Lane...
Cushman & Wakefield announced that the commercial real estate services firm arranged the $16.3 million sale of Forest at Fenwick, an 80-unit multifamily property located in Johns Island, South Carolina.
Cushman & Wakefield’s John Phoenix, Richard Gore, and Tyler Fish represented the seller, Southwood Realty/Triangle Real Estate, in the transaction. The multifamily property was acquired in a partnership managed by Rowin Capital and Penny Lane Associates.
“We are pleased to enter the Charleston market with the acquisition of Forest at Fenwick,” said Joe Scherban, Managing Director at Rowin Capital. “Forest at Fenwick is an extremely desirable place to live, located just minutes from downtown Charleston but in the quiet elegance of Johns Island.”
Built in 2005, Forest at Fenwick is located on Johns Island, an area that is walkable to restaurants and grocers on Maybank Highway. Residents enjoy state of the art amenities including a swimming pool with sundeck, poolside gas grill, fire-pit, 24-hour fitness center, coffee bar, and screened-in outdoor lounge.
“Forest at Fenwick provided the Buyer a proven value-add opportunity to capitalize on a well-maintained asset in a thriving Charleston submarket,” said Phoenix, Senior Director at Cushman & Wakefield.
Cushman & Wakefield’s Sunbelt Multifamily Advisory Group is a 109-person investment sales team covering 11 states with No. 1 multifamily market share in that region based on sales volume and transactions reported to CoStar. Per Cushman & Wakefield, in 2022, the group closed $11.1 billion in sales volume through 360 deals and over 60,300 units.
While the two main confidence indexes for multifamily housing increased slightly in the fourth quarter, they both remained in negative territory, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) increased two points to 34 compared to the previous quarter and the Multifamily Occupancy Index (MOI) increased four points to 49.
The MPI measures builder and developer sentiment about current production conditions in the apartment and condo market on a scale of 0 to 100. The index and all of its components are scaled so that a number below 50 indicates that more respondents report conditions are getting worse than report conditions are improving.
The MPI is a weighted average of three key elements of the multifamily housing market: construction of low-rent units-apartments that are supported by low-income tax credits or other government subsidy programs; market-rate rental units-apartments that are built to be rented at the price the market will hold; and for-sale units—condominiums. The component measuring low-rent units increased five points to 41, the component measuring market rate apartments dropped one point to 38 and the component measuring for-sale units remained even at 23.
The MOI measures the multifamily housing industry’s perception of occupancies in existing apartments. It is a weighted average of current occupancy indexes for class A, B, and C multifamily units, and can vary from 0 to 100, with a break-even point at 50, where lower numbers indicate decreased occupancy. The MOI increased four points to 49, indicating that the market is close to being stable.
“Many developers continue to see strong demand for multifamily housing, but in some markets supply is catching up to demand,” said Lance Swank, president and co-owner of Sterling Group, Inc. in Mishawaka, Ind., and chairman of NAHB’s Multifamily Council. “In most markets, developers face challenges with regulatory costs and delays, and obtaining financing for new construction.”
“It is appropriate that multifamily developers are expressing some caution and that the MPI remains below 50, given the way starts have been outpacing completions,” said NAHB Chief Economist Robert Dietz. “This is also consistent with NAHB’s forecast that multifamily production will slow measurably from the very strong rates it sustained through most of 2022.”
For data tables on the MPI and MOI, visit www.nahb.org/mms.
For more information on the NAHB Multifamily program, please visit NAHB Multifamily.
A new elementary school planned for Johns Island is making its way through the approval process with the City of Charleston.CHARLESTON, S.C. (WCSC) - A new elementary school planned for Johns Island is making its way through the approval process with the City of Charleston.The construction plan went before the design review board for the second of its three times, on Monday. It’s a standard, but lengthy, process any builders go through with big projects in the city.Executive Director of Capital Programs Jasmeen Sha...
A new elementary school planned for Johns Island is making its way through the approval process with the City of Charleston.
CHARLESTON, S.C. (WCSC) - A new elementary school planned for Johns Island is making its way through the approval process with the City of Charleston.
The construction plan went before the design review board for the second of its three times, on Monday. It’s a standard, but lengthy, process any builders go through with big projects in the city.
Executive Director of Capital Programs Jasmeen Shaw explains the school is going to be state of the art and offer STEAM – science, technology, engineering, arts and math – education.
“The island truly deserves a brand-new school and we’re able to bring them a brand-new school which as well as alleviates some of the overcrowding that’s been caused by growth in the area – which is a great thing,” Shaw says.
The elementary school will be off of River Road. It is planned to be two stories and serve 700 2nd through 5th graders.
During community meetings last year – some people expressed concern about traffic. Part of the construction also includes building a roundabout on River Road to enter the school property. The project also includes adding a left turn lane from River Road to Brownswood Road and adding a right turn lane from Brownswood Road onto River Road.
“We’re going to bring several road improvements to the area, which is not only going to benefit the school which operates Monday through Friday for the most part, but even on weekends and as a whole, this particular school is going to be an asset to the entire community,” Shaw says.
Stephanie Yesil and her husband live in a neighborhood off River Road.
“Maybe it will help with the development of River Road and turning it into a safer place. Maybe adding some sidewalks, maybe adding some additional controls, maybe some new lights, maybe some new signs to make it even more family friendly. So, this could be a really good thing if it’s done well,” Yesil says.
She is a former education who says she doesn’t have kids yet, but supports investing in education.
“My husband and I hopefully one day will be parents but for now, I mean, we love our neighbors and almost every single one of them have new children and it would be really nice to make sure that this is more of a community-oriented place rather than having a bus kids all over the place,” Yesil says.
The elementary school is meant to help with the crowding at the Angel Oak Elementary, which is operating at 129% capacity over operating ability. The $53.5 million dollar brand new school will offer STEAM programs. Then, the Angel Oak Elementary building will be converted to serve as a head start and 1st grade center, so all levels are included. The goal open date for the school is the start of the 2024-2025 school year.
“I think education is always a great idea. I think there’s always going to be a need for it. I can’t speak to other city planning. I can’t necessarily speak to any other kinds of businesses that we should have over here. But you’ll always get a yes vote for me when it comes to bringing in good teachers, good people and giving more and more space for kids to go to places to learn,” Yesil says.
Monday, the design review board approved the conceptual plans and submitted the information to staff for a further focused review. The board made some aesthetic suggestions to the plans like more fencing around the back of the building, but overall supported the designs. Charleston County Schools says the project is on track and they expect to start site prep work in March.
Copyright 2023 WCSC. All rights reserved.