With 30 years in the industry

Mortgage Broker in Johns Island, 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 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.

Service Areas
Mortgage Broker Johns Island, SC
 Refinance Johns Island, SC

Why Choose Dan Crance As Your Mortgage Lender in Johns 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.

Ask Dan Anything843-478-5612
 Conventional Mortgage Johns Island, SC

Home Financing in Johns 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 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.

 FHA Mortgages Johns 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.
Ask Dan Anything843-478-5612

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 Johns Island, SC.

Refinancing 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.

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 Johns 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 Johns 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 Johns 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 Johns 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 Johns Island, SC

Trust Dan Crance

Your Mortgage Lender in Johns 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 Johns Island loves Classic Home Mortgage.

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Latest News in Johns Island, SC

St. John’s High School raises thousands to put on first homecoming in years

JOHNS ISLAND, S.C. (WCBD) – After the weekend, the Johns Island and Lowcountry community came together to help out St. John’s High School.The local high school hasn’t had a traditional homecoming dance since 2020, but this year they are bringing it back. One student on the dance’s committee took to Facebook and ...

JOHNS ISLAND, S.C. (WCBD) – After the weekend, the Johns Island and Lowcountry community came together to help out St. John’s High School.

The local high school hasn’t had a traditional homecoming dance since 2020, but this year they are bringing it back. One student on the dance’s committee took to Facebook and sent out a post hoping to make this year’s homecoming special.

“She was worried our homecoming dance wasn’t going to happen,” Erin Longshore, a teacher at St. John’s High School, said. “I think her original intention was to see if she could get a couple of things here and there for us to have really great decorations and from there it just kind of exploded.”

The response from that post allowed the school to raise over $13,000. Longshore checked her email on Saturday and shared the news with her committee members Madison Evans and Morgan Denton, who are also teachers at the school.

“Completely utter shock,” Longshore said. “I started crying when I saw all the emails on Saturday and I normally don’t check emails on Saturday, but something told me to.”

School officials said students are excited for the dance and were also surprised by the amount they fundraised. Some of the donations included buying tickets for students and others to their Amazon wish list. With the dance coming up tomorrow, students and staff on the decorating committee are continuing to prepare for the night.

“We’ve been patiently waiting for the Amazon delivery truck to show up so we can get all our packages and undo those,” Longshore said. “They’ve been able to come out of their classes do so, and we’ve been slowly decorating during lunch. And in any free time we might have, which we don’t have much, but we’ve been getting it done.”

Officials said the remaining amount of money will go towards future dances and activities, which will leave the students and staff plenty of time and resources to plan ahead. Longshore said this year’s decorations will be recycled and reused.

The dance is on Oct. 17, while the homecoming football game and parade will be on Oct. 18.

Classroom Champions: James Is. science teacher needs money for research project

JAMES ISLAND, S.C. (WCSC) - A science teacher at James Island Charter High School hopes you’ll help her provide her students with the tools to collect and analyze scientific data, specifically how sea level rise is changing our local environment.Eve Kendrick believes her students could be the key to solving serious environmental problems in the Lowcountry.“My students are very enthusiastic and passionate, and they’re full of life,” she says. “I want to capture and harvest that energy and maybe dire...

JAMES ISLAND, S.C. (WCSC) - A science teacher at James Island Charter High School hopes you’ll help her provide her students with the tools to collect and analyze scientific data, specifically how sea level rise is changing our local environment.

Eve Kendrick believes her students could be the key to solving serious environmental problems in the Lowcountry.

“My students are very enthusiastic and passionate, and they’re full of life,” she says. “I want to capture and harvest that energy and maybe direct it toward some environmental stewardship through learning about different aspects of sea level rise in environmental science.”

Kendrick plans to encourage this stewardship through a real-world research project in the field looking into coastal freshwater streams. The project aims to document how sea level rise and saltwater moving further inland are transforming these freshwater environments.

“We’re going to be looking at insects, and using these insects as an indicator of how our streams are changing,” she says. “They’ll be able to process these samples on the streambed outside, and they’re really going to get a personal connection with these ecosystems that maybe wasn’t on their radar before as something really critical to monitor.”

Kendrick hopes to provide her students with the tools to carry out this monitoring through her project on Donors Choose is called "Too Salty! Sea Level Rise & Freshwater Environments."

She plans to buy nets, waders, sieves and other testing equipment to track how these delicate coastal environments are being affected.

“I’m going to partner with the Adopt-a-Stream organization in South Carolina, and so this data that my students will collect through my ‘Too Salty’ Donors Choose project, that’s actually going to go into a state database,” Kendrick says. “Scientists will be able to access it, and it’s going to allow my students to take ownership of the research that’s currently happening in our state.”

With your donation, you’ll be able to not only make an impact on students but also your local environment now and into the future, Kendrick says.

“We’re going to take all of our skills and take them outside so [my students] can actually get their hands dirty and wet and actually collect insects and process their own data,” she says. “I think that going outside and having a personal connection with the environment helps to encourage students to become lifelong learners. It also might encourage them to have some environmental stewardship as they move forward as adults and citizens in South Carolina.”

Kendrick also has a second Donors Choose project called "Interactive Biology and Data Analysis" that is designed to bring biology concepts to life through collaboration, realistic case studies and interactive labs. She plans to use basic resources funded through the project, including calculators and clipboards, to create a notebook documenting her students' problem-solving and analyses.

You can become a Live 5 Classroom Champion for these students by helping to fund these projects. All donations are tax-deductible. The Donors Choose organization collects the money, purchases the items and sends them to the teacher. That way you know your donation is used appropriately.

If you’re a teacher who would like their Donors Choose project featured on Classroom Champions, please email classchamp@live5news.com.

Copyright 2024 WCSC. All rights reserved.

Judge rules in favor of Charleston homebuyers in lawsuit against builder

Published: Oct. 9, 2024 at 12:50 PM PDT|JOHNS ISLAND, S.C. (WCSC) - Nine couples sued a homebuilder on Johns Island after the builder terminated their contracts at the last minute, and a judge ruled in favor of the buyers saying the contract lacked ‘any mutuality’ and was ‘unconscionable.’Christopher Raybon was one of many who thought he had found his dream house with Eastwood Homes in Swygerts Landing on Johns Island.“I remarried in 2019 and my wife and I both were really excited about look...

Published: Oct. 9, 2024 at 12:50 PM PDT|

JOHNS ISLAND, S.C. (WCSC) - Nine couples sued a homebuilder on Johns Island after the builder terminated their contracts at the last minute, and a judge ruled in favor of the buyers saying the contract lacked ‘any mutuality’ and was ‘unconscionable.’

Christopher Raybon was one of many who thought he had found his dream house with Eastwood Homes in Swygerts Landing on Johns Island.

“I remarried in 2019 and my wife and I both were really excited about looking for a fresh start. We had our eyes on probably six or seven different properties, and decided to go with Eastwood because we’d heard such great things about the houses,” Raybon says.

He signed a contract with Eastwood Homes and the process began.

“We felt great going into it. The person who gave us contracts went over everything with us, assured us that they never had any problems with anyone with their contracts, and that it was pretty, as we’ve heard a couple times, just kind of a boilerplate contract,” Raybon says.

Raybon recalls getting weekly updates on the house, that started to slow in the months approaching the move, but he didn’t think anything of it. He was never notified of any sort of issues. Then, he says it was only a month until the big move when he got the call.

“Just out of the blue, I received a call from them, kind of, expressing that they had an HOA issue and that they wanted to work through, would take a couple months, and they want us to voluntarily exit the contract, and didn’t give me a choice of what to do. It was a really sinking feeling, because the impact of it didn’t hit me all at once, but after I got off the phone, it really sunk in it they want me to exit this contract, and I’ve got to explain to my wife how we no longer have anywhere to move,” Raybon says.

Eastwood Homes wrote the contract. The part this lawsuit deals with is a paragraph titled “Seller Option to Cancel Prior to Closing.” The paragraph says that if a bona fide dispute should arise between the buyer and seller, and it cannot be resolved, it is the seller’s sole judgment to cancel the contract. In that event, Eastside would notify the buyer, refund their purchase, plus $100 for the trouble.

Local attorneys Ross Appel and Michael Cooper handled the case. They say the legal issue isn’t whether there was an HOA dispute, but instead with how the contract is written and how dispute is defined.

“One of the issues that we have in this case is that when you’re dealing with these national builders, the contracts that you sign are not negotiated. These are take it or leave it form boilerplate contracts that are being provided on a take it or leave it basis by the builder,” Appel says.

“The builder is allowed to use their own contract, right? That’s totally fine, but the terms of the contract have to be fair and sort of mutual. Like, what’s good for the goose is good for the gander,” Cooper says.

At trial, Eastwood’s lawyer testified that they defined ‘dispute’ as any reason the builder wanted to cancel. The Eastside lawyer says in the record “Your opinion is irrelevant because it’s the seller’s sole judgment, so I really don’t care what your opinion is. It’s only my opinion that matters. Period.”

The judge ruled that the terms of the contract were not mutual, lulled the buyers into a false sense of security and “no reasonable, honest, or fair person would accept such terms that allow the party with superior bargaining power to terminate the agreement at-will and without meaningful consequence.”

“The ruling that we got from Judge Scarborough stands for a pretty simple proposition, that when a builder enters into a contract with a homebuyer, they have to take that contract seriously, and they can’t just terminate the contract for any reason they want and do so in a way that’s completely one-sided, and that’s really what this case is about,” Appel says.

“So they can’t say you have to use our contract, but then I get all the benefits and you get none. And so, you know that’s the issue - is when it’s not really bargained and it’s not fair,” Cooper says.

At trial, the Eastwood lawyer said the company had the right to define ‘dispute’ dispute however they wanted and for example, could end the contract if they wanted to try and re-sell the home for a higher price.

“It was really devastating us. We were really looking forward to beginning a new life, moving into this new house. And it was just devastating to know that someone could come into a contract that we entered into with faith and just decide on a whim not to sell it to you. And, you know, and the dream that you had, we don’t really care about that, because we care more about what we think we need to do for our bottom line,” Raybon says.

Eastwood homes is appealing against the ruling, so this case may be heard by the State Supreme Court in 2025. Raybon is glad to have been a part of setting the record straight in the first ruling, even if he still doesn’t have that dream home.

“It was just completely unfair. If they could do that to us, they could do that to who knows, however many other homeowners and I’ve never been one to stand by when I felt like there was a, you know, someone was being wrong,” Raybon says.

Copyright 2024 WCSC. All rights reserved.

Johns Island resident continues fight for speed bumps after second car hits tree

CHARLESTON, S.C. (WCSC) - A Johns Island resident is continuing to push for change after he says a road in his subdivision is a speedway for drivers trying to cut through the neighborhood.“Three years ago, we had to say this tree was hit by a speeder coming through,” Kent Kise says.Kise has lived off Brittlebush Lane in Whitney Lakes on Johns Island for about eight years.Kise and other nearby residents say not a lot has changed since ...

CHARLESTON, S.C. (WCSC) - A Johns Island resident is continuing to push for change after he says a road in his subdivision is a speedway for drivers trying to cut through the neighborhood.

“Three years ago, we had to say this tree was hit by a speeder coming through,” Kent Kise says.

Kise has lived off Brittlebush Lane in Whitney Lakes on Johns Island for about eight years.

Kise and other nearby residents say not a lot has changed since the last time they talked about this problem.

“Every morning and every evening we’re seeing cars racing through here at 40 to 50 miles an hour. It’s got straddled with walkways on both sides. We’ve got children, pets, pedestrians,” Kise says.

Kise and his neighbors are continuing to fight for speed bumps in the area and are still dealing with speedy drivers cutting through their neighborhood around Maybank Highway.

“We have a stretch here called ‘the Brittlebush Speedway,’” Kise says.

The nickname was coined by the neighborhood after residents said the constant flow of through traffic to Maybank Highway is causing safety concerns in the neighborhood

“It’s not a matter of if it’s going to happen, someone’s going to get seriously hurt,” Kise says.

Now, community members say they have reached the final straw after another high-speed driver recently crashed into the same tree in their subdivision.

“We had a very high-impact crash on the same tree in the same area. So, it just goes to show just how dangerous this area has gotten.” Kise said.

Speed bumps are on other roads in the neighborhood, but not on Brittlebush Lane - the one Kent says sees the worst of it.

“Of all areas that need speed calming and speed humps is this stretch right here… This is a very deserving location. If they want to prevent some serious accidents, they need to do it now,” Kise says.

Live 5 brought these concerns to the City of Charleston Section Chief of Public Works, Robert Somerville, who says that, for speed bumps to be considered, it’s going to take some work from the public, because of the amount of road requests they receive.

He said, first, a petition would need to be done with at least 75% of residents in the area agreeing to the issue, a study would then need to be done proving about 350 vehicles pass through at over 20 miles per hour. If this is proven, the proposal will be taken to the city council for approval.

Once approved, Somerville says they will proceed with speed bumps at the location.

What’s driving you crazy out on the roads? Submit your story suggestions here.

Copyright 2024 WCSC. All rights reserved.

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