With 30 years in the industry

Mortgage Broker in Malabar, FL

Ask us Anything843-478-5612

Book an Appointment

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 Malabar, FL, who can educate you on mortgage rates and provide trustworthy guidance to help you make an informed decision.

My name is Dan Crance - Malabar'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 Malabar, 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 Malabar, FL
 Refinance Malabar, FL

Why Choose Dan Crance As Your Mortgage Lender in Malabar, FL?

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 Malabar, FL

Home Financing in Malabar, FL

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 Malabar, 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 Malabar, Dan Crance will help you choose the home loan, interest rate, term options, and payment plans that fit your unique situation.

 FHA Mortgages Malabar, FL

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 Malabar, FL.

Refinancing in
Malabar, FL

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 Malabar, FL - 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 Malabar, FL
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 Malabar, FL

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 Malabar, FL, 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 Malabar 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 Malabar, FL

Trust Dan Crance

Your Mortgage Lender in Malabar, FL

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 Malabar loves Classic Home Mortgage.

After hours by appointment only. CONTACT DAN

Latest News in Malabar, FL

One last effort to dig up the past in Malabar tragedy

Amid the charred wood and furniture and under a grey sky, some color seeped through the site of Sunday's triple homicide and arson in Malabar Thursday.From the rubble, the colorful belongings of 9-year-old Sebastian Meachum peeked out. A pack of felt-tip markers. Clothing featuring the Teenage Mutant Ninja Turtles. Some books from the Sweet Pickles series.Sebastian's half-sister, Alexis McGuire, 20, returned to her mother's property Thursday for one last attempt to recover anything of sentimental value from the b...

Amid the charred wood and furniture and under a grey sky, some color seeped through the site of Sunday's triple homicide and arson in Malabar Thursday.

From the rubble, the colorful belongings of 9-year-old Sebastian Meachum peeked out. A pack of felt-tip markers. Clothing featuring the Teenage Mutant Ninja Turtles. Some books from the Sweet Pickles series.

Sebastian's half-sister, Alexis McGuire, 20, returned to her mother's property Thursday for one last attempt to recover anything of sentimental value from the blackened remnants of the home on Atz Road. The partial remains of the stairwell and the front of the garage are all that was left standing from the two-story home.

The property will be turned over to an insurance company Friday.

Sunday, Chrissy Hughes, her son Sebastian and her sister, Linda Woods, were found dead in the home, which was set on fire, the Brevard County Sheriff's Office said. Her husband, Tony Hughes, has disappeared. The state medical examiner's office has ruled the deaths as a homicide based on signs of trauma, but has not released the causes of their deaths.

More:Father to son: Young Malabar slaying victim was a 'happy spirit'

More:'Heartbreaking': Community mourns mother, child and aunt in Malabar triple-slaying

About 17 volunteers joined McGuire Thursday for the digging effort.

"We found lots of jewelry and some photo albums," she said about a dig earlier this week. "One of the albums had my baby photos."

Many of Sebastian's photos had been saved digitally, she said.

Six members of the Malabar Fire Department were among Thursday's volunteers. Some of them worked Sunday to put out the fire at the home.

"These guys feel a responsibility to help the family any way they can," Fire Chief Leonard Thomassen said. "It's a form of closure for them."

Woods, who taught advanced placement social studies in Rogers, Arkansas, will be missed by her students and her fellow faculty members, the public school district there said Thursday in a statement.

“Linda has been a strong teacher at our school since it opened in 2008,” said Rogers Heritage High School principal Karen Steen.

Woods had taught in the district since 2005, beginning as a special education teacher. She had also served as a Quiz Bowl adviser at the high school.

Nearly an hour after the fire was reported at the home Sunday morning, Tony Hughes’ truck was found at Fisherman’s Landing in Grant-Valkaria. Then at 2 p.m., Hughes’ 18-foot Grady White motorboat was found empty, with traces of blood inside, circling the waters several miles off of the Sebastian Inlet Park.

More:BCSO: Third victim found in Malabar house fire, triple homicide suspected

By Tuesday, the U.S. Coast Guard called off their search efforts. Sheriff’s investigators were attempting to determine if the blood was even Hughes'.

Brevard County Sheriff's spokesman Tod Goodyear said detectives consider Hughes a missing person. No evidence revealed publicly yet points to Hughes as the person responsible for either his family members' deaths or the arson.

Lamaur Stancil is a breaking news reporter for Florida Today and TCPalm.com. He can be reached at 321-242-3662 or 321-987-7179. E-mail him at lamaur.stancil@tcpalm.com. Follow him on Twitter at @TCPalmLStancil.

Fascination with honey bees grows into sweet, small business in Malabar

The importance of honey bees can’t be overstated."We don’t do it for money; we do it because we like it, and we have been doing it for over 30 years," Lee Jones said.Her husband agrees."Beekeeping is so interesting as a hobby, and gratifying as a business," Lyndon Jones added.The Joneses are honey beekeepers and owners of Trevena Bee Farm in Malabar."Bees are important. If there were a decline of bees, within four years, we would decline with it. We wouldn’t have e...

The importance of honey bees can’t be overstated.

"We don’t do it for money; we do it because we like it, and we have been doing it for over 30 years," Lee Jones said.

Her husband agrees.

"Beekeeping is so interesting as a hobby, and gratifying as a business," Lyndon Jones added.

The Joneses are honey beekeepers and owners of Trevena Bee Farm in Malabar.

"Bees are important. If there were a decline of bees, within four years, we would decline with it. We wouldn’t have enough food to eat and we would starve," Lyndon Jones said.

Every third bite of food eaten by humans is due to pollinators — honey bees are the primary pollinators and support the overall health of the ecosystem.

According to the Florida Department of Agriculture and Consumer Services (FDAC), commodity crops in Florida such as blueberries, watermelons, cucumbers and onions would produce little to no fruit if it were not for the honey bee.

What started as an enthralling hobby for the Joneses grew into a small business when they relocated to Florida. With 150 hives, each containing 65,000 honey bees, Trevena Bee Farm harvests up to 4,000 pounds of honey each year.

The owners are proud of their success in maintaining healthy bees, reducing the risk of parasites and, especially, avoiding the use of any chemicals. Their honey is sold to the public from their farm, with a credit given for returned glass bottles to express customer appreciation as well as to encourage recycling.

The Joneses have an infectious admiration for the short life and work of bees.

"They’re amazing — they are an organized species, they make beautiful honey combs, they keep themselves warm when it’s cold. And, they are hard working. Bee venom also might improve certain medical conditions," Lee Jones said.

Bees from Trevena Bee Farm collect nectar from wildflowers, palmetto and gallberries within a five-mile radius from their farm. The bees feed on their own honey.

The Joneses are happy to share tips with prospective beekeepers as a hobby or as a business. Detailed information about the state’s requirements for beekeeping can be obtained from the FDA’s website at fda.gov/animal-veterinary/animal-health-literacy/helping-agricultures-helpful-honey-bees.

Trevena Bee Farm is located at 2885 Corey Road in Malabar. For information, call 321-956-7850.

Malabar Road may widen from two to four lanes in Palm Bay west of Minton Road

Transportation engineers rank Malabar Road as an inadequate D- or F-rated roadway across most of the 4-mile western stretch between Minton Road and the St. Johns Heritage Parkway in Palm Bay.Worse, the number of crashes the past five years has increased from 88 to 137 — a 56% jump.Now, a $1.4 million engineering study is underway to someday widen this section of Malabar Road from a two-lane street to a four-lane divided highway.What's more, new traffic signals or roundabouts could be added at the St. Johns Heritage...

Transportation engineers rank Malabar Road as an inadequate D- or F-rated roadway across most of the 4-mile western stretch between Minton Road and the St. Johns Heritage Parkway in Palm Bay.

Worse, the number of crashes the past five years has increased from 88 to 137 — a 56% jump.

Now, a $1.4 million engineering study is underway to someday widen this section of Malabar Road from a two-lane street to a four-lane divided highway.

What's more, new traffic signals or roundabouts could be added at the St. Johns Heritage Parkway, Bending Branch Lane, Hurley Boulevard, Jupiter Boulevard and Garvey Road.

Thursday night, Kittelson & Associates, an Orlando transportation engineering firm, described the Malabar Road widening project during a virtual public meeting. An ongoing project development and environment study is scheduled for completion in winter 2022.

Preliminary road-widening cost estimates: $83.8 million to $85.3 million (with traffic signals) or $93.8 million to $97.0 million (with roundabouts). No funding has yet been identified.

Engineers project the four-lane widening project will reduce crashes 35% to 40%. And if roundabouts are added, crashes may drop another 10% — accompanied by a 45% drop in fatal and injury crashes, compared with signalized intersections.

Traffic volume on the 4-mile Malabar Road corridor is projected to almost double by 2050. Average daily vehicles between Minton Road and Jupiter Boulevard could increase from 16,000 to 28,000. To the west, between the St. Johns Heritage Parkway and Krassner Drive, daily vehicles may jump from 7,200 to 16,000.

More:Minton Road rush-hour traffic congestion under study in West Melbourne, Palm Bay

More:Future east-west expressway linking Brevard-Osceola counties under study

Adding a traffic signal typically requires less right-of-way and costs less than a roundabout, according to the presentation. But, over the long run, roundabouts boast lower maintenance and operation costs.

The highest crash locations along this stretch of Malabar Road are at four intersections: Minton Road, Jupiter Boulevard, Maywood Avenue/Daffodil Drive, and the Winn-Dixie plaza entrance. Combined, these intersections account for nearly 60% of the crashes across the 4-mile zone.

The city's Jupiter Elementary Safe Routes to School project will add a sidewalk along Malabar Road from Hurley Boulevard to the post office. Construction will start later this year.

In 2018, the Florida Department of Transportation completed a similar PD&E study on widening Malabar Road from two to four lanes between U.S. 1 and Babcock Street.

However, FDOT has not earmarked any funding for design engineering, right-of-way purchases or construction, said Georganna Gillette, executive director of the Space Coast Transportation Planning Organization.

Rick Neale is the South Brevard Watchdog Reporter at FLORIDA TODAY. Contact Neale at 321-242-3638 or rneale@floridatoday.com. Twitter: @RickNeale1. To subscribe: https://cm.floridatoday.com/specialoffer/

Human remains found in South Brevard near Malabar

MALABAR — Brevard County investigators were searching a heavily wooded area in Malabar Wednesday after a work crew discovered human bones there Tuesday evening.Deputies and forensic investigators remained at the Absaroka Lane site throughout the day Wednesday. The neighborhood lies just off Malabar Road a quarter-mile west of the Malabar Fire Department.The bones were believed to be that of an unidentified man, said Cmdr. Dan Singleton, spokesman for the Brevard County Sheriff’s Office. Investigators ...

MALABAR — Brevard County investigators were searching a heavily wooded area in Malabar Wednesday after a work crew discovered human bones there Tuesday evening.

Deputies and forensic investigators remained at the Absaroka Lane site throughout the day Wednesday. The neighborhood lies just off Malabar Road a quarter-mile west of the Malabar Fire Department.

The bones were believed to be that of an unidentified man, said Cmdr. Dan Singleton, spokesman for the Brevard County Sheriff’s Office. Investigators were working to determine if foul play was involved, he said.

UPDATED STORY:Mystery bones yield few clues in Malabar

More:Boeing suffers anomaly during Starliner test of launch abort engines in New Mexico

More:Man's body found in locked car at mobile home park in Melbourne

Before the remains were determined to be from a man, Tricia Mangat was hoping there would finally be closure in the Brandy Hall case. Hall was a firefighter who worked at the fire station down the road and went missing in 2006.

"I want her family to get closure so bad. And because it's right here," she said.

Mangat has lived in the neighborhood for six years. Surrounding her house are half-finished homes and the wooded lot where the body was discovered.

Kurt Panko arrived early Tuesday morning to install air conditioning ducts in one of the new houses.

"It's surprising. You wouldn't expect that in this neighborhood. It's a nice neighborhood," Panko said.

The remains will be investigated by the medical examiner's office. No timeframe was immediately available from Brevard County Sheriff's Office officials on when the man might be identified or his cause of death determined.

Contact Vazquez at tvazquez@floridatoday.com, 321-917-7491 or on Twitter @tyler_vazquez.

Support local journalism: To sign up for a special summer sale offer for new subscribers, visit floridatoday.com/subscribe

Project Appleseed Rifle Marksmanship Clinic Offered at Port Malabar Rifle and Pistol Club June 17-18

BREVARD COUNTY • PORT MALABAR, FLORIDA – Port Malabar Rifle and Pistol Club, located at 610 Hurley Boulevard SW in Palm Bay, Florida, will host a Project Appleseed rifle marksmanship clinic June 17 and 18.Registration begins at 8 a.m. The clinic starts at 8:30 a.m. and will continue until 5 p.m. both days.Participants are taught fundamental rifle marksmanship skills that are to allow a rifleman or riflewoman to be accurate out to 400 yards, with iron sights or a scope, a standard rifle and surplus am...

BREVARD COUNTY • PORT MALABAR, FLORIDA – Port Malabar Rifle and Pistol Club, located at 610 Hurley Boulevard SW in Palm Bay, Florida, will host a Project Appleseed rifle marksmanship clinic June 17 and 18.

Registration begins at 8 a.m. The clinic starts at 8:30 a.m. and will continue until 5 p.m. both days.

Participants are taught fundamental rifle marksmanship skills that are to allow a rifleman or riflewoman to be accurate out to 400 yards, with iron sights or a scope, a standard rifle and surplus ammo.

Most of the instruction at a Project Appleseed event is conducted on the firing range at 25 yards, at reduced size targets to simulate 100 to 400 yards.

Related Story:Get Brevard County’s Best, Most Trusted News Free – Download the Space Coast Daily App

Students will learn rifle shooting from the standing, sitting, kneeling, and prone positions, sight alignment, and breath control, along with safe gun handling, proper use of a sling, and Revolutionary War history.

Participants should bring their own ear/eye protection, a rifle with sling, ammunition, rifle mat, bug repellent, hat, sunscreen, a packed lunch, snacks, drinks, and plenty of water to stay hydrated.

A .22 caliber rifle is recommended due to the cost of ammo, but a centerfire rifle can be used if preferred. About 250 rounds of ammunition will be needed per day.

Marksmanship Clinic Fees:

• Adults: $60 (2-day events)/ $40 (1-day events only) • Youth under age 18: $20 (2-day events)/ $15 (1-day events only) • Additional club range fees may apply.

Project Appleseed is a nationwide program of The Revolutionary War Veterans Association, a non-profit educational organization operated by volunteer instructors dedicated to maintaining the ideals and traditions of the Founding generation of our country.

Volunteer instructors travel across the country teaching those who attend about the difficult choices, the heroic actions, and the sacrifices that the Founders made on behalf of modern Americans for our country’s freedom and independence.

April 19, 1775 – the day of the “Shot Heard ‘Round the World”…..

Project Appleseed teaches rifle marksmanship and the true story of Patriots’ Day, April 19th, 1775, the day of Paul Revere’s Ride in weekend clinics all over this great nation. By taking our participants back to that fateful day and teaching rifle marksmanship, we hope to reconnect “ordinary” Americans with their “extraordinary” heritage.

The ideals and traditions of the men, women and children who created this country resulted in the freest and most prosperous nation the world has ever known.

Project Appleseed‘s heritage program vividly portrays the Battles of Lexington and Concord. Modern listeners are confronted with the danger, the fear, and the heartbreaking separations that arose out of the choices made on April 19th, 1775.

Related Story:Cape Canaveral National Cemetery Commemorates Flag Day With Avenue of Stars and Stripes

They are also reminded of the marksmanship skills and masterful organization that ultimately helped set the colonists on the path to success. Those who attend gain a better understanding of the fundamental choices faced by our ancestors as they began to set the stage for the nation we now enjoy.

For more information, please contact Project Appleseed Southeast Regional Coordinator, Trey Dawson, at 727-452-4650 or tdawson@tampabay.rr.com Or visit: Facebook.com/FloridaAppleseed or AppleSeedinfo.org

CLICK HERE FOR BREVARD COUNTY NEWS

Disclaimer:

This website publishes news articles that contain copyrighted material whose use has not been specifically authorized by the copyright owner. The non-commercial use of these news articles for the purposes of local news reporting constitutes "Fair Use" of the copyrighted materials as provided for in Section 107 of the US Copyright Law.