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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 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

Indian River-Malabar to Vero Beach Aquatic Preserve

"The Indian River Lagoon, America's most diverse and beautiful estuary, is vital to our economy and environment, yet its future is uncertain. Preserving and protecting the lagoon is beneficial to ours and future generations." - Richard Baker, president of Pelican Island Audubon SocietyLocated in Brevard and Indian River counties, Indian River-Malabar to Vero Beach Aquatic Preserve encompasses 28 miles, totaling 29,000 acres of the lagoon. The aquatic preserve begins just north of Turkey Creek at Castaway Point in Pa...

"The Indian River Lagoon, America's most diverse and beautiful estuary, is vital to our economy and environment, yet its future is uncertain. Preserving and protecting the lagoon is beneficial to ours and future generations." - Richard Baker, president of Pelican Island Audubon Society

Located in Brevard and Indian River counties, Indian River-Malabar to Vero Beach Aquatic Preserve encompasses 28 miles, totaling 29,000 acres of the lagoon. The aquatic preserve begins just north of Turkey Creek at Castaway Point in Palm Bay, extends south to northern Vero Beach corporate limit and includes waters of Turkey Creek and St. Sebastian River, which are the main tributaries of the aquatic preserve.

The tidal influence of the Sebastian Inlet and wind-driven currents provide flushing of the aquatic preserve and regulate its salinity. Palm Bay, Malabar, Sebastian, Vero Beach, Orchid and Indian River Shores are incorporated cities that lie along the aquatic preserve boundary. Unincorporated cities include Floridana Beach, Melbourne Shores, Grant, Micco, Wabasso, Roseland and Gifford.

The aquatic preserve is accessible from the east by U.S. Highway A1A and from the west by U.S. Highway 1. Numerous parks and boat ramps provide direct public access to the aquatic preserve.

The Indian River Lagoon Aquatic Preserves are a proud partner of the Leave No Trace Center for Outdoor Ethics and were selected as a 2017 and 2018 Leave No Trace Hot Spot. To learn more about Leave No Trace in the Indian River Lagoon, contact Kaitlyn Britton, 772-429-2995.

The Indian River Lagoon Aquatic Preserves provide a variety of volunteer opportunities from projects in ecosystem science, restoration and spoil island activities. Volunteers help with activities such as wildlife monitoring, annual seagrass monitoring or microplastic sampling. The Shoreline Restoration Project enables volunteers to get involved in shoreline stabilization through native plantings. On spoil islands, volunteers take a hand in improving visitor access through activities such as invasive plant removal or installing picnic tables, fire rings or human waste bag dispensers.



Indian River


Managed Location Contact:

Matthew Anderson





Publication References:

Indian River Lagoon Aquatic Preserves System Management Plan

Total Acreage:




Receives State Funding:


State Owned:


Public Access:

The aquatic preserve is a popular destination for boating, fishing, kayaking and appreciating nature. Sebastian Inlet State Park, which borders the aquatic preserve, has boat launches and a non-motorized boat launch for kayaks, canoes and sailboats. It's also a popular destination for swimming and sunbathing. Manatees can be seen congregating in St. Sebastian River Preserve State Park from November to March in the C54 Canal.

The spoil islands of the aquatic preserve are popular destinations for picnicking and camping.

Archaeological Resources:

The Florida Department of State's Division of Historical Resources' Master Site File indicates there are scores of historical sites adjacent to the Indian River Lagoon Aquatic Preserves System.

Archaeological sites date from 10,000 B.C. to 1700 A.D. and include Spanish Fleet Survivors and Salvors Camp, Jungle Trail and Mount Elizabeth.

Historical sites include architectural, military, social, transportation, commerce and conservation sites. Many of the aboriginal shell mounds along the Indian River Lagoon Aquatic Preserves System were destroyed for roadfill for U.S. highways 1 and A1A, and other highways and train beds.

Judge orders Brevard and Malabar to meet over tree cutting on conservation land

A Brevard County judge ordered Brevard County and Malabar Town officials to meet to try to resolve their disagreement over how many trees need to be chopped down in a sanctuary for threatened ...

A Brevard County judge ordered Brevard County and Malabar Town officials to meet to try to resolve their disagreement over how many trees need to be chopped down in a sanctuary for threatened Florida scrub jays.

The resolution attempt must be made before a trial on the matter — and the public gets to weigh in, as well, according to Judge George T. Palk's March 6 order.

The conflict is over removal of several thousand trees on the 577-acre Malabar Scrub Sanctuary. The county says the trees need to come down to save the scrub jays. The town says the county wants to cut too many and it would ruin the shaded oak hammock trail beloved by hikers and bicyclists.

What happens next?

Per the judge's ruling, county and town officials will hold a public special joint meeting at 10 a.m. Monday, May 1, at First Baptist Church of Malabar. The goal: resolve their dispute over how many oaks and other trees must go to clear the way for healthier habitat for the jay and other threatened species that prefer open sandy spaces.

Can you go?

Yes. The agenda says the public can comment: three minutes per speaker, with each speaker getting one chance to speak. To speak, you must fill out a speaker card.

How did it come to this?

The conflict stems from land designated as habitat for scrub jays — birds on the verge of extinction. And while Malabar Scrub Sanctuary is in Malabar, it is managed by the county's Environmentally Endangered Lands Program (EEL) as part of a lease agreement with the state.

Biologists and the county say the habitat at the sanctuary has become overgrown, so thousands of trees must go.

Did Brevard have a permit to remove the trees?

Yes, then no. Malabar had issued a permit to the county in May 2021. But the permit expired before the county could begin work. Then when Malabar realized the extent of the planned clearing, town officials denied the county's request to extend the clearing permit and threatened to charge $40 for each tree removed, under a new town code that had taken effect since the county's previous permit had expired.

Then what happened?

Given the impasse, county commissioners requested staff discontinue public meetings with the town on the matter, rescinded transferring the scrub lease to the town, installed barriers blocking people from entering the site and requested input from the state regarding future action.

How did a lawsuit come about?

Malabar Town Council approved an April 4 ordinance to enter into a formal intergovernmental conflict resolution process with the county, a precursor to a lawsuit if the two sides failed to agree on what trees to remove.

Under state law, court proceedings on lawsuits between local governments are abated, by court order, until all state procedural options have been exhausted.

But before the town's April resolution, county commissioners already had made their own resolution to bypass that procedure, saying the tree removals are critical to save the scrub jay.

In April 2022, Brevard County filed a lawsuit against Malabar, asking the court to declare the town’s new regulations "void, invalid, or unenforceable" and prohibiting their enforcement against the County.

But according to state law, as the town had argued and the judge ultimately agreed, the two sides must first go through a conflict resolution process before a lawsuit can ensue.

Why is the town fighting for the trees?

Many hikers and bikers say that the commissioners aren't acknowledging their love of the shaded oak hammock trails and what they add to the sanctuary. Weddings have been performed there, and for many its a favorite for daily walks.

How does cutting down trees help scrub jays?

Biologists and county officials say removing trees will recreate the scrub jay's open, sandy scrub habitat. Hawks and other birds of prey occupy the current trees and are natural predators to the scrub jays. The argument is that thinning the trees will reduce the number of predators.

Which commissioner is driving the county's stance?

Commissioner John Tobia, whose district includes Malabar, pushed for the county to put barricades at the sanctuary to prevent entrance, after the town refused to extend the county's tree clearing permit.

Why didn't Malabar extend the county's permit?

Malabar Town Manager Matthew Stinnett has said the town could not give an extension of the county's existing permit, but was directed by town council to begin negotiating the conditions of a new permit to allow work on the site. That placed commissioners at an impasse because of advice from counsel against applying for a new permit because it could affect future action.

Where can you read the court documents?

Go to http://brevardclerk.us/case-search. Click on General Public Court Records Search, then search for case number: 05-2022-CA-022983.


Special Joint Meeting between Brevard County Commission and Town of Malabar to discuss removing thousands of trees from Malabar Scrub Sanctuary

When: 10 a.m. Monday, May 1, at First Baptist Church of Malabar, 1665 Malabar Rd., Malabar.

Contact Waymer at 321-261-5903 or jwaymer@floridatoday.com. Or find him on Twitter: @JWayEnviro or on Facebook: www.facebook.com/jim.waymer

Brevard County prevails against Malabar in fight over scrub Jays and shady trees

Jim WaymerMalabar tried to stand up against Brevard County, which plans to saw down untold thousands of trees to make way for more threatened Florida scrub jays, gopher tortoises and other endangered wildlife that voters decided twice to protect. In the end, the town of just over 3,000 residents failed.On Tuesday, Brevard County Commissioners decided to block off the Mala...

Jim Waymer

Malabar tried to stand up against Brevard County, which plans to saw down untold thousands of trees to make way for more threatened Florida scrub jays, gopher tortoises and other endangered wildlife that voters decided twice to protect. In the end, the town of just over 3,000 residents failed.

On Tuesday, Brevard County Commissioners decided to block off the Malabar Scrub Sanctuary's entrances until the town renews an expired permit for the county to remove the trees that block sunlight and hide raptors that feed on the threatened jays. The commission also decided to bill the town the cost of installing and removing those barriers.

Brevard also will look into the legalities of whether a clearing permit from the town is even required given that the sanctuary is on state conservation land. Brevard wants the sanctuary's tall pines and oaks thinned out by March, when scrub jays begin scouring the land for twigs and palmetto fibers to build their nests in smaller trees and shrubs.

"If this permit is extended, all this goes away," County Commissioner John Tobia said Tuesday. "I'm sorry it had to get this far."

Malabar residents have raised concerns about the county cutting down too many trees, especially the removing of some 100 oaks that provide a shady canopy along a stretch off trail that's popular among hikers, mountain bikers and joggers.

County officials estimate they'll have to remove 10,000 to 20,000 trees to bring the 577-acre sanctuary to the desired one or two acres per tree. Those who've walked, peddled and marveled along the canopied trails for years just don't get why so many trees have to go.

The town's greenways committee proposed a compromise plan that claimed fewer trees. But county officials said a scrub jay scientist and a review by Brevard's Environmentally Endangered Lands Program (EEL) science committee of that plan last Friday determined it was not compatible with the restoration needs of the site.

The sanctuary's forest thickened and cluttered up the open spaces scrub jays evolved to live in, due to decades of fire suppression to protect homes. Now the shady oak hammock that provides joy to hikers also provides good hideout perches for hawks to pick off jays at will.

Several local conservationists have spoken in favor of EEL's tree removal plan during Tuesday's meeting and at a commission meeting earlier this month. But some in the town counter that it all just seems too much, too fast.

"We learned about this when the signs went up," said Murray Hann, one of the roughly 400 members of the Brevard Mountain Bikers Association, which has been trying to get the county to scale back the tree cutting.

Malabar Town Manager Matt Stinnett said the town had issued a permit to the county, which had begun the land clearing project in early December. But when visitors saw a sign about the project posted at the sanctuary and brought concerns to the town's attention, town officials then noticed the county's permit had expired. And in the interim, the city's code had changed, now requiring a $40 per tree permit fee but not addressing conservation lands.

On Monday, Malabar Town Council directed Stinnett to work with the county "to negotiate modified permitting requirements that would be amenable to both the town and the county," and try to negotiate with the county on what trees might be able to be spared.

"I think we have an opportunity here if we can just hit the reset button," Stinnett told county commissioners Tuesday.

He said the town and county are close on the plan but Malabar just wants to prevent cutting trees without purpose. "We just wanted involvement," Stinnett added, "and I think we've had that , and I think we're very close to the same page."

Read more: Bicyclists, hikers and residents spar with Brevard over Malabar Scrub trees

But county officials say the EEL property tax referendums were approved by voters in 1990 and again in 2004 primarily to protect Florida scrub jays and other threatened species that require open scrub habitat, not for recreation.

EEL acquired Malabar Scrub Sanctuary in the 1990s — with the help of the state — to preserve scrub jays and other threatened species, with recreation the secondary reason, county officials emphasized. Five scrub jay families live on the sanctuary, or about 25 birds, county officials say. But many more would live there if the thick, tall trees were removed to restore the open sandy habitats the jays prefer. It's worked elsewhere, EEL officials say.

"There are (scrub) jays starting to show up in parts of Fox Lake where they did not exist prior to the restoration," Mike Knight, EEL's program manager, wrote in an email. "The best example of this type of work is the Cruickshank Sanctuary in Rockledge where there were no jays prior to restoration and within 4 years of the restoration the site had 6 new families with over 30 individual birds," he added. "Currently the population is far beyond that and exceeding what would be considered normal carrying capacity."

Under and agreement with the Florida Department of Agriculture and Consumer Services, Brevard County would get 80% of the $5.05 per ton of pulpwood/mulchwood sold from cutting down the trees to offset the project's cost. The state would get the rest.

The agreement with FDACS includes cutting three in three areas totaling 1,127 acres: Malabar Scrub, Micco Scrub and Grant Flatwoods.

Knight told commissioners Tuesday that EEL had yet to calculate the projected revenue from the Malabar Scrub tree cutting project but suspected any net profit from the timber sales would be minimal.

The Florida Forest Service estimates revenue generated based on historical sales and other data. "For the Malabar Scrub portion (383 acres) of the referenced sale, 3,078 tons are estimated to be harvested," Caroline Stonecipher, an FDACS, spokeswoman wrote in an email. "At $5.05 per ton, the estimated value is $15,543.90," she said. "The total estimated value for all 1,127 acres included in the sale is $140,188."

But commissioners emphasized Tuesday that the tree removal is about the birds and the habitat, not about the money.

"My primary concern is of the scrub jay population," Tobia said.

Jim Waymer is an environment reporter at FLORIDA TODAY. Contact Waymer at 321-261-5903 or jwaymer@floridatoday.com. Or find him on Twitter: @JWayEnviro or on Facebook: www.facebook.com/jim.waymer


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