With 30 years in the industry

Mortgage Broker in Micco, FL

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

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

Why Choose Dan Crance As Your Mortgage Lender in Micco, 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.

Ask Dan Anything843-478-5612
 Conventional Mortgage Micco, FL

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

 FHA Mortgages Micco, 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.
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 Micco, FL.

Refinancing in
Micco, 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 Micco, 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 Micco, 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 Micco, 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 Micco, 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 Micco 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 Micco, FL

Trust Dan Crance

Your Mortgage Lender in Micco, 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 Micco loves Classic Home Mortgage.

After hours by appointment only. CONTACT DAN

Latest News in Micco, FL

Live Hurricane Milton updates: Brevard shelters open Wednesday, weather to worsen

Storm shelters throughout Brevard County are set to open Wednesday morning ahead of Hurricane Milton’s arrival on the Space Coast....

Storm shelters throughout Brevard County are set to open Wednesday morning ahead of Hurricane Milton’s arrival on the Space Coast.

The powerful Category 5 hurricane is expected to make landfall on the Gulf Coast of Florida either late Wednesday or early Thursday as a “dangerous major hurricane,” according to the National Weather Service. From there, it will lose some steam as it crosses the state, but Milton is still predicted to be at least a Category 1 when it reaches Brevard bringing with it heavy winds, significant rainfall, possible flooding and a tornado threat.

Uncertainty remains with Milton’s track as it slightly shifted to the south Wednesday morning. Forecasters said it could take a bounce back to the north before making landfall.

Whatever minor shift Milton takes, the National Weather Service in Melbourne, said it’s important not to focus on the precise track.

“Hazardous conditions will occur well outside of the cone,” meteorologists with the National Weather Service in Melbourne posted. “Preparations should be rushed to completion.”

Where is Hurricane Milton?

As of the Wednesday 5 a.m. advisory, Milton was about 160 miles west of the Dry Tortugas and about 300 miles southwest of Tampa. It had maximum sustained winds of 160 mph and was moving northeast at 14 mph.

Storm radar for Florida

Shelters open in Brevard County

Three shelters will open in Brevard County on Wednesday morning at 9 a.m.

The shelters are for "residents who live in manufactured or mobile homes, flood-prone or low-lying areas, or those needing safe harbor from potentially dangerous wind and rain conditions anticipated from Hurricane Milton, which is expected to begin impacting the county sometime late Wednesday and continuing throughout the day Thursday," according to a release from county officials.

The shelters are pet friendly. Space Coast Area Transit will provide transportation to the shelters for registered special needs clients. To request transportation to a special needs shelter call 2-1-1.

Residents going to shelters will need to take their own supplies, including bedding, folding chairs, or sleeping bags. It's also recommended to bring any needed medications, multiple changes of clothing, personal hygiene items and entertainment items, like games, cards, books or magazines.

Sign up for text messages about Hurricane Milton

The staff at USA Today Network is doing everything we can to keep the community updated and informed.

As a resource, we are manning a text message service to bring you the latest updates on Hurricane Milton, connect you with resources and answer questions. To sign up, submit your number below or text 'Hello' to (239) 241-6343.

We will do our best to answer every question individually, but depending on volume of inquiries we may not be able to get to every message right away. It is important to note that we are not an emergency services line, so if you have an emergency please call 911 or your local authorities right away.

John Gallas, Kim Luciani and Cheryl McCloud contributed to this report.

Hurricane Forecast for Micco, FL

Today's Weather OutlookA major weather system brings plenty of rain and mountain snow to the West today. At the same time, dry weather and moderating temperatures are expected for the eastern U.S.An elongated cold front will inch east and south across the western half of the U.S. today. By later in the day, this cold front will stretch from the Upper Mississippi Valley into the central Plains and Southwest. Expect occasional rain showers and even a few thunderstorms for the central/southern Rockies and Southwest throughout the ...

Today's Weather Outlook

A major weather system brings plenty of rain and mountain snow to the West today. At the same time, dry weather and moderating temperatures are expected for the eastern U.S.

An elongated cold front will inch east and south across the western half of the U.S. today. By later in the day, this cold front will stretch from the Upper Mississippi Valley into the central Plains and Southwest. Expect occasional rain showers and even a few thunderstorms for the central/southern Rockies and Southwest throughout the day. There could be some rain showers in the northern Plains in the morning, which will spread into the Upper Mississippi Valley and central Plains during the afternoon and evening.

Most of Wyoming will be cold enough for wet snow or a rain/snow mix for all of today. Likewise, cold temperatures will be present across the tallest parts of western Montana, Idaho, Nevada, Utah, Colorado, northern Arizona and northern New Mexico. These areas will also see snow throughout the day. Snowfall accumulations of a Trace to several inches will be common, though the highest elevations could see a foot or more of fresh powder.

Meanwhile, a warm front will try to lift across the Northwest for the end of the week. Rain and mountain snow will move into the Pacific Northwest starting late morning or early afternoon and will then push into northern Washington by the evening. There could also even be some light freezing rain that develops in the evening on the eastern slopes of the Cascades. Here, expect a Trace to a couple inches of new snow.

Expansive high pressure will be settled over the eastern half of the U.S. This will foster dry and quiet weather along and east of the Mississippi River. Most of California into the Great Basin and northern Rockies should also stay dry.

Expect near to above normal temperatures for most of the central U.S. into the Great Lakes and Northeast. Unseasonably cool weather will be found across the West as well as the Deep South and Southeast.

High temperatures will mainly reach the 60s and 70s for the eastern half of the U.S. Several places in the interior Northeast will report temperatures in the 50s, while Florida will see isolated 80s. Forties and 50s will be in the forecast for the Northwest, Great Basin, Rockies and northern Plains, though the tallest peaks will have temperatures peak only in the 20s and 30s. Sixties, 70s and lower 80s are likely for the rest of the West, including California, the Desert Southwest and the southern half of the Plains.

Brevard officials warn of widespread power outages ahead of Hurricane Milton

Brevard emergency officials Wednesday warned of widespread power outages caused by Hurricane Milton, which is expected to make...

Brevard emergency officials Wednesday warned of widespread power outages caused by Hurricane Milton, which is expected to make landfall on the gulf coast and impact all of Central Florida.

Milton heads toward Florida as a powerful Category 5 hurricane and is expected to make landfall on the Gulf Coast of Florida either late Wednesday or early Thursday. After hitting the gulf where it is expected to have devastating effects, Milton will lose some power as it crosses the state. The storm is still predicted to be at least a Category 1 when it reaches Brevard bringing with it heavy winds, significant rainfall, possible flooding and a tornado threat.

Brevard County director John Scott said the county is poised to be able to take on Milton's effects, which are predicted to last for some time due to the size of the storm.

"It's more wind than we've seen in a while but it's wind we should be able to handle," Scott said. "We'll see conditions deteriorate throughout the day. We will see those early winds arrive after 5 p.m."

Wednesday morning is the last opportunity to make final preparations before the storm.

Winds from Milton are expected to be above 75 mph with gusts up to 90 mph. County officials are prepared for 8-10 inches of rain with up to 12 inches in some areas of Brevard.

"We're going to have pretty widespread power outages," Scott said. FPL will likely be sending the majority of their workers to the gulf coast where devastating effects are most expected.

Sheriff Wayne Ivey said the county's causeways will not be closed except for a brief inspection immediately following the storm after which the bridges will be reopen to traffic to barrier islands.

Shelters open in Brevard County

Three shelters opened in Brevard County on Wednesday morning at 9 a.m.

The shelters are for "residents who live in manufactured or mobile homes, flood-prone or low-lying areas, or those needing safe harbor from potentially dangerous wind and rain conditions anticipated from Hurricane Milton, which is expected to begin impacting the county sometime late Wednesday and continuing throughout the day Thursday," according to a release from county officials.

The shelters are pet friendly. Space Coast Area Transit will provide transportation to the shelters for registered special needs clients. To request transportation to a special needs shelter call 2-1-1.

Residents going to shelters will need to take their own supplies, including bedding, folding chairs, or sleeping bags. It's also recommended to bring any needed medications, multiple changes of clothing, personal hygiene items and entertainment items, like games, cards, books or magazines.

Sign up for text messages about Hurricane Milton

The staff at USA Today Network is doing everything we can to keep the community updated and informed.

As a resource, we are manning a text message service to bring you the latest updates on Hurricane Milton, connect you with resources and answer questions. To sign up, submit your number below or text 'Hello' to (239) 241-6343.

Upcoming Micco Road Bridge Project has Residents Upset

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