With 30 years in the industry

Mortgage Broker in Merritt Island, 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 Merritt Island, FL, who can educate you on mortgage rates and provide trustworthy guidance to help you make an informed decision.

My name is Dan Crance - Merritt 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 Merritt 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 Merritt Island, FL
 Refinance Merritt Island, FL

Why Choose Dan Crance As Your Mortgage Lender in Merritt Island, 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 Merritt Island, FL

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

 FHA Mortgages Merritt Island, 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 Merritt Island, FL.

Refinancing in
Merritt Island, 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 Merritt Island, 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 Merritt Island, 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 Merritt Island, 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 Merritt Island, 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 Merritt 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 Merritt Island, FL

Trust Dan Crance

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

After hours by appointment only. CONTACT DAN

Latest News in Merritt Island, FL

Space Coast, Merritt Island win District 10 bowling, Heritage in District 11

Monday at River Lanes in Titusville, Space Coast's girls bowling team added the District 10 championship to their Cape Coast Conference title of last week.Merritt Island won the boys bracket, 3-2 over Edgewood, on the other side. District 11 bowlers competed Tuesday at Palm Bay Shore Lanes, and it was a good day for Heritage, which sent both boys and girls teams to state.Individually, the Vipers swept the top spots in District 10, with Sofia Trujillo the No. 1 girl and Dylan Carmichael leading the boys. Trujillo ...

Monday at River Lanes in Titusville, Space Coast's girls bowling team added the District 10 championship to their Cape Coast Conference title of last week.

Merritt Island won the boys bracket, 3-2 over Edgewood, on the other side. District 11 bowlers competed Tuesday at Palm Bay Shore Lanes, and it was a good day for Heritage, which sent both boys and girls teams to state.

Individually, the Vipers swept the top spots in District 10, with Sofia Trujillo the No. 1 girl and Dylan Carmichael leading the boys. Trujillo bowled games of 200-257-234 for a 691 and finished 24 pins in front of teammate Brooke Street. Carmichael's 236-223-237 gave him a 696, 46 pins better than the Red Wolves' Courie Husbands.

Vote:DC Roofing 321preps Athlete of the Week for Oct. 16-21

For the Mustangs, it was a 3-0 day, knocking both Titusville and the Space Coast boys into consolation before edging the Red Wolves in the final. The Vipers girls only gave up two games and won the final over the Terriers, 3-1.

Individually, Viera's Annabelle Duggan-Herhiem outpaced her counterparts in District 11, bowling games of 158-287-168 for a 613 total.

Sean Williams of Bayside posted the top boys score, shooting 247-214-246 for a 707 day. That was 11 pins better than Kayce Gentile of Eau Gallie (288-222-186—696).

Heritage's girls went 3-0, defeating Palm Bay in the District 11 final, 3-1. It was a rematch as the Pirates had been dropped into consolation by the Panthers. Palm Bay beat Odyssey Charter in the consolation bracket to make it back to the final.

The Heritage and Bayside boys advanced to the state tournament next week in Orlando, along with all the district winners and runners-up. Heritage won its way to the final, while the Bears took the consolation route back to the last match.

Individually, all bowlers on the top two teams in each district will compete at state, as will individual qualifiers. Those additional individuals are Faith Ozburn and Isabella Williams of Rockledge, Carmichael, James McGill of Titusville, Duggan-Herhiem, Mary Haywood of Odyssey Charter, Gentile and Melbourne's Victor Nardone.

Cape Coast Conference bowling:Vipers, Panthers take team titles

FHSAA District 11 bowling

Top individual girls: 1. Annabelle Duggan-Herhiem, V 158-287-168—613; 2. Mary Haywood, O 184-231-189—604; 3. Genevieve Giguere, WS 207-168-217—592; 4. Jennifer Chiarillo, EG 183-211-197—591; 5. Piper Honsa, PB 194-170-217—581; 6. Klarissa Schleicher, PB 219-173-185—577; 7. Kelly Brown, H 214-166-194—574; 8. Chloe Wood, EG 175-184-211—570; 9. Kara Brown, H 173-159-204—536; 10. Gabrielle Dancey-Renz, O 145-156-220—520.

Top individual boys: 1. Sean Williams, B 247-214-246—707; 2. Kayce Gentile, EG 288-222-186—696; 3. Vic Nardone, M 214-243-185—642; 4. Kevin Brown, H 205-190-245—640; 5. Ian Giguere, WS 167-228-236—631; 6. Jarrell Richards, EG 160-207-249—616; 7. Dominic Gibson-Smith, B 246-192-168—606; 8. Zachary Engler, B 226-192-168—594; Aiden Elrod, PC 205-223-166—594; 10. Gavin Ham, V 212-217-161—590.

FHSAA District 10 bowling

Top individual girls: 1. Sofia Trujillo, SC 200-257-234—691; 2. Brooke Street, SC 248-188-231—667; 3. Faith Ozburn, R 226-224-215—665; 4. Emily Street, SC 170-218-186—574; 5. Alexis Meadows, T 166-185-218—569; 6. Isabella Williamson, R 545; 7. Addilyn Orrick-Cole, SC 543; 8. Maya McKay, T 176-167-195—538; 9. Alayna Edwards, T 203-170-161—534; 10. Brooke Meadows, T 196-170-152—518.

Top individual boys: 1. Dylan Carmichael, SC 236-223-237—696; 2. Courie Husbands, E 220-198-232—650; 3. Christian Liquori, MI 204-216-222—642; 4. James McGill, T 183-244-213—640; Tyler Wickfelder, E 219-232-189—640; 6. Brodie Douglas, MI 204-186-247—637; 7. Austin Kerfoot, E 181-225-224—630; 8. Jonathan Udas, SC 194-202-233—629; 9. Brayden Horvath, MI 197-209-223—629; 10. Tristan Trujillo, SC 238-191-199—628.

Beloved former science teacher remembered for adventurous spirit, empathy for students

MERRITT ISLAND, Fla. – No matter where they went, Travis Kent says it never took long for someone to recognize his mom, former Rockledge High School chemistry teacher Caroline Kent.“(They) would say, ‘Miss Kent, Miss Kent,’ and they would come and track her down,” Travis Kent told News 6.In a 30-year career with Brevard Public Schools, Caroline Kent taught countless sophomore and junior high schoolers about the periodic table and stoichiometry — lessons some of her students s...

MERRITT ISLAND, Fla. – No matter where they went, Travis Kent says it never took long for someone to recognize his mom, former Rockledge High School chemistry teacher Caroline Kent.

“(They) would say, ‘Miss Kent, Miss Kent,’ and they would come and track her down,” Travis Kent told News 6.

In a 30-year career with Brevard Public Schools, Caroline Kent taught countless sophomore and junior high schoolers about the periodic table and stoichiometry — lessons some of her students still remember decades later.

[EXCLUSIVE: Become a News 6 Insider (it’s FREE) | PINIT! Share your photos]

“I can remember so many times where she was bright-red in the face laughing,” said Jameel Mohammed, a Rockledge High School grad who was a student in Kent’s class from 2001-2002.

“She was really funny,” Travis Kent said. “I mean, she was she was a chemistry teacher so she had a lot of tools at her disposal. She would do wacky science experiments of lighting things on fire and she’d have all these chemicals and stuff like that.”

Former student Sean Kutzner remembers a story when Kent refused to order a specific chemical for the AICE exam because she knew it was a volatile substance.

“(Kent) said, ‘There’s no way my kids are handling that, that’s one carbon atom away from rocket fuel!’”

Kutzner says her persistence eventually prompted the course leaders to allow a safer substitute for the exam.

“She was not afraid to stand up for what she knew was right as the expert,” Kutzner said.

Her empathy for her students and love for outdoor adventure were evident in the comments below the announcement of Kent’s death on Facebook on Aug. 31.

“She never took life too seriously and she always knew how to have a good time,” former student Sid Ferrell told News 6.

A celebration of life was held Sunday afternoon in Merritt Island. In lieu of flowers, Kent’s family asked to consider donating to a local food bank or the Brevard Humane Society.

Kent was an avid surfer who took up the sport after retirement and even went on an international surfing trip earlier this year.

“She was incredibly active. She loved skiing, snow skiing and waterskiing. So she was very, very active, she made every day count,” Travis Kent said.

A paddle-out ceremony was held Saturday morning in Cocoa Beach to honor Kent’s legacy.

Kent had a lifelong love for horses and even competed in equestrian competitions.

As if that wasn’t enough, Kent was also an accomplished scuba diver, venturing into underwater caves and springs in her younger years.

Since his mom’s death, Travis Kent says many of her former students have described how Ms. Kent inspired them to pursue science after graduation.

“I think students know that students can tell when a teacher cares and when they don’t care,” Kent said. “My mom really cared. She really cared about them on both on a chemistry course level and on a human level, too.”

Merritt Island homecoming king gives crown, sash to classmate

MERRITT ISLAND, Fla. – James Verpaele’s thoughtfulness stood out Friday night during his last football home game at Merritt Island High School.The senior student was crowned homecoming king but hundreds of students and parents witnessed him handing his crown and sash to his classmate Parks Finney.[TRENDING: ...

MERRITT ISLAND, Fla. – James Verpaele’s thoughtfulness stood out Friday night during his last football home game at Merritt Island High School.

The senior student was crowned homecoming king but hundreds of students and parents witnessed him handing his crown and sash to his classmate Parks Finney.

[TRENDING: Worker runs over 10-foot Burmese python at Kennedy Space Center | FEMA hiring workers to help with Hurricane Ian recovery, agency says | Become a News 6 Insider]

“All the senior guys got together, and we just kind of all agreed that Parks should get it — that we’d give it to Parks after we’d found out who would be king,” the 17-year-old senior said.

When Finney was asked what he said to Verpaele after his gesture of kindness, he said he was shocked and thanked him.

It was an emotional night for Amy Finney, whose son was born with a condition known as Periventricular Leukomalacia or PVL. It’s a brain injury 19-year-old Parks Finney suffered at birth.

“You know we see a lot of a lot of criticism of teenagers, that they’re only into their phones and that they don’t care about what’s going on, but this shows that they do, and it’s the magic of teenagers and just the magic of inclusion and acceptance,” Amy Finney said.

Despite her son’s condition, it hasn’t prevented him from being a welcoming and bright-spirited young man.

“He can strike up a conversation, he’s funny, he’s a nice guy and he’s the mayor. He’s mister mayor is what we call him,” Verpaele said. “He’s just like a brother to all of us.”

For Parks Finney’s mom, who is also an English teacher at the high school, the gesture sets an example everyone can learn from.

“I would like to say thank you, first of all, to the young men here at Merritt Island High School for including him and I think that the message that comes from this is just people are people and be accepting and be kind,” she said.

What’s the cost of making Merritt Island a city? New study aims to find out

Previous movements to incorporate one of Brevard County’s largest communities have failed Merritt Island looking at idea to become its own cityThis is a modal window.No compatible source was found for this media.‘Extremely disturbing, sickening, disgusting:’ Brevard elementary, daycare employee arrested on child porn chargesMERRITT ISLAND, Fla. – Advocates for making Merritt Island a city said it would attract new businesses, remove blight and protect miles of shor...

Previous movements to incorporate one of Brevard County’s largest communities have failed

Merritt Island looking at idea to become its own city

This is a modal window.

No compatible source was found for this media.

‘Extremely disturbing, sickening, disgusting:’ Brevard elementary, daycare employee arrested on child porn charges

MERRITT ISLAND, Fla. – Advocates for making Merritt Island a city said it would attract new businesses, remove blight and protect miles of shoreline and wildlife areas.

Incorporation has never had a majority of support from the public, though.

Voters rejected the idea 35 years ago, and the last movement more than a decade ago didn’t even make it to the ballot. But once again, Brevard County is paying for a study to determine what making a Merritt Island a city could cost its citizens now.

“It’s time for us to try it again, maybe,” Brevard County Commissioner Tom Goodson said during a January meeting.

[TRENDING: Become a News 6 Insider]

Chair Rita Pritchett agreed that funding the study would benefit the Merritt Island area.

In an interview Friday, commissioner John Tobia said population shifts and a potential change in public opinion warrants at least exploring the option.

Early results found the county would lose $8 million if Merritt Island became a city.

Tobia said that loss would come with a trade-off.

“There would be less services the county would need to take over,” he said. “So, in other words, (the fire department) would be run by Merritt Island. It would no longer be run by Brevard County Fire Rescue unless an agreement was struck to cover those services.”

Many people News 6 spoke to this week feared their taxes would increase, but Channing Black suggested residents wait on the results of the study.

“Jury’s still out for me, but I think best decisions are made at the local level,” the Merritt Island resident said. “Let the local citizens decide how their local government wants to run.”

When it’s done, the county will send the study to the state Legislature. If lawmakers approve it, then incorporation could be on the ballot on Election Day in 2024.

Get today’s headlines in minutes with Your Florida Daily:

Friday, October 27th 2023

Forward 15 seconds

Back 15 seconds

Share

Subscribe

Description

In This Playlist

10 of 347 Episodes

Friday, October 27th 2023

Thursday, October 26th 2023

Wednesday October 25th 2023

Tuesday, October 24th 2023

Monday, October 23rd 2023

Friday, October 20th 2023

Thursday, October 19th 2023

Wednesday, October 18th 2023

Tuesday, October 17th 2023

Monday, October 16th 2023

Copyright 2023 by WKMG ClickOrlando - All rights reserved.

Merritt Island lightning strike survivors meet first responders who saved their lives

BREVARD COUNTY, Fla. – It was quite the reunion on Thursday for the teens that were struck by lightning earlier this summer in Merritt Island.The girls, who were struck outside a Brevard County home on June 10, met the...

BREVARD COUNTY, Fla. – It was quite the reunion on Thursday for the teens that were struck by lightning earlier this summer in Merritt Island.

The girls, who were struck outside a Brevard County home on June 10, met the first responders who rushed to the scene that day for the first time at the Sudden Cardiac Arrest Recognition Ceremony Thursday morning.

[RELATED: Lightning can strike in more ways than one | TRENDING: Become a News 6 Insider (it’s free!)]

Rescue crews initially responded to the the 400 block of Via Salerno Court in Merritt Island after the teens, who were watching a movie, said they heard thunder and made the mistake of going outside to look.

Lori Leer, 14, was seriously hurt and her friend, Ava Weidmann, 14, stepped into action and called 911, performing CPR on Leer with the help of dispatchers over the phone.

McKenzie McCord, 12, was also struck by lightning and rushed to the hospital.

Both Leer and McCord thanked their heroes with the Brevard County Fire Rescue and the Brevard County Sheriff’s Office for their actions, as well as their friend, Weidmann, for her bravery.

“It’s good seeing all of you guys and seeing the people that saved my life,” McCord said.

Leer, who had been fighting for her life in the hospital back in June according to a GoFundMe set up to help support her recovery, was grateful as well.

“Crazy to see, like, everyone and like how people care and stuff like that. Thank you,” Leer said.

Officials played the 911 calls from that day, adding Leer was in cardiac arrest and dispatchers knew they did not have time to spare.

Brevard County Sheriff Wayne Ivey also attended the ceremony and honored all first responders and Weidmann for saving a life.

“Two little girls are alive because of the actions of another little girl. I was standing in the back and had goosebumps,” Ivey said.

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.