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Mortgage Broker in Moncks Corner, SC

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Classic Home Mortgage Providing Trustworthy Mortgage Guidance for Over 30 Years

Buying a home is one of the most significant investments that you will ever make. Like most good things, finding the perfect home comes with a lot of work. From your initial search online to your home tour and finally closing, there are many difficult decisions to make along the way. The bottom line is that the entire home buying process can be very stressful, especially when it comes to finding the right mortgage broker and loan for your new home. Since market conditions and mortgage programs change frequently, you have a lot riding on your broker's ability to provide quick and accurate financial advice. Whether you're a first-time homebuyer or own several residential properties, you need a mortgage broker in Moncks Corner, SC, who can educate you on mortgage rates and provide trustworthy guidance to help you make an informed decision.

My name is Dan Crance - Moncks Corner'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 Moncks Corner, 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 Moncks Corner, SC
 Refinance Moncks Corner, SC

Why Choose Dan Crance As Your Mortgage Lender in Moncks Corner, SC?

Clients choose my mortgage company because I truly care about helping them navigate the often-confusing landscape of the mortgage process. I am fiercely dedicated to my clients and make every effort to provide them with trustworthy advice and an open line of communication.

In my business, I work for two different customers. On one hand, I have the buyer: the person entrusting me with the responsibility of guiding them through one of the most important decisions ever. Serving homebuyers is not a task that I take lightly. I work with them daily to help them through the process and provide timely updates and news on their mortgage status. On the other hand, I have the realtor: the person who works with my client to find their dream home. Since their commission is in my hands, working with realtors is also a very important task. I update these agents on the status of their customers weekly. Only when I take care of both parties can I say my job as a mortgage loan officer is complete.

As a mortgage broker with more than 30 years of experience, I pledge to give you the highest level of customer service while providing you with the most competitive loan products available. That way, you can buy the home of your dreams without second-guessing your decision.

 Conventional Mortgage Moncks Corner, SC

Home Financing in Moncks Corner, SC

At Classic Home Mortgage, our team works diligently to close on time without stress or hassle. Whether you're a seasoned homeowner or are buying your new home in Moncks Corner, 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 Moncks Corner, Dan Crance will help you choose the home loan, interest rate, term options, and payment plans that fit your unique situation.

 FHA Mortgages Moncks Corner, SC

When you work with Classic Home Mortgage, you can always count on our team to:

  • Put your needs first.
  • Work efficiently and quickly. Many of our home loans close in 30 days or less.
  • Offer you a variety of home loans to choose from, and help you make an informed decision.
  • Provide you with competitive rates that make sense for your budget and lifestyle.

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 Moncks Corner, SC.

Refinancing in
Moncks Corner, SC

Because home mortgage rates in the U.S. have been so low over the last year, many current homeowners are opting to refinance their home loans. Simply put, refinancing is replacing your existing mortgage with a different mortgage under new terms. Homeowners who refinance their homes enjoy lower interest rates, lower monthly payments, and even turn their home's equity into cash. If you're interested in refinancing your home, it all begins with a call to your mortgage broker in Moncks Corner, SC - Dan Crance.

Here are just a few reasons why more homeowners in the U.S. are taking advantage of lower rates and refinancing their homes:
 Home Ready Mortgages Moncks Corner, SC
Shorter Term Loan

Shorter Term Loan

Refinancing from a 30-year to a 15-year mortgage might seem counterproductive on the surface because your monthly payment usually goes up. However, interest rates on 15-year mortgages are lower. And when you shave off years of your previous mortgage, you will pay less interest over time. These savings can be very beneficial if you are not taking the mortgage interest deduction on your tax returns.

Do Away with FHA

Do Away with FHA

FHA loans are notorious for paying premiums for the life of the loan. Mortgage insurance premiums for FHA loans can cost borrowers as much as $1,050 a year for every $100k borrowed. The only way to get rid of mortgage insurance premiums is to refinance to a new loan that the Federal Housing Authority does not back.

Switch to Fixed Rate or Adjustable-Rate Home Loan

Switch to Fixed Rate or Adjustable-Rate Home Loan

Sometimes, borrowers with adjustable-rate mortgages refinance so they can switch to a fixed rate, which lets them lock in an interest rate. Doing so is beneficial for some homeowners who like to know exactly how much their monthly payment is each month. Conversely, some homeowners with fixed rates prefer to refinance to an adjustable-rate mortgage. Homeowners often go this route if they plan on selling in a few years and don't mind risking a higher rate if their plans fall through.

 Mortgage Banker Moncks Corner, SC

Common Questions About Home Loans

Finding the right loan can be a difficult proposition, even if you have been through the process before. This is especially true since mortgage rates and market conditions change frequently. If you're like most of my clients, you probably have questions about interest rates, refinancing options, and a litany of other topics. To help alleviate some of your stress, here are just a few common questions with answers so that you can better educate yourself as we work our way to securing your loan.

Generally speaking, you should consider refinancing when mortgage rates are 2% lower than the current rate on your home loan. For some homeowners, refinancing makes sense when there is only a 1% difference. Reducing your mortgage rate is a great way to save money or apply your savings to a home upgrade. The money you save on your refinanced loan depends on your loan amount, budget, income, and charges from interest rates. It's crucial that you work with a trusted mortgage loan officer in Moncks Corner, SC, to help calculate your refinancing options.
This is one of our most frequently asked questions at Classic Home Mortgage. In simple terms, points let you make a tradeoff between the upfront costs of your loan and your monthly payment amount. Points are essentially costs that you have to pay to your mortgage lender to get financing under specific terms. A point is defined as a percentage on your loan amount. 1-point is equal to 1% of the loan. So, 1 point on a loan worth $100,000 is equivalent to $1,000. When you pay some of the interest on your home loan upfront, you use discount points to lower your interest rate.
If you plan to live in the property for a few years, it makes a lot of sense to pay points to lower your interest rate. Doing so will help lower your monthly loan payment, which you can use to save money. Paying points may also increase the amount of money that you can borrow. If you do not plan on living in the property for at least a few years, this strategy might not make financial sense because you might not be able to make up the amount of the discount points you paid up-front.
In short, yes, your mortgage lender will need to know your credit score. Credit scoring is a system that creditors use to decide whether they will give you credit. Your credit score helps creditors decide how creditworthy you are or how likely you will repay your loan. In most circumstances, creditors will use your FICO scores during the loan process. Your score will fall between high risk (350) and low risk (850). Your credit score plays a big role in the loan process, and as such, your score must be accurate before submitting a credit report when applying for a loan.
The answer to this question depends on how money you choose to put as a down payment on your home. On a conventional loan, if your down payment is less than 20% of the price of your home, your mortgage broker in Moncks Corner 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 Moncks Corner, SC

Trust Dan Crance

Your Mortgage Lender in Moncks Corner, SC

Whether you're selling, buying, refinancing, or building the home of your dreams, you have a lot riding on your home loan specialist. When you need a mortgage broker who works tirelessly for you, answers your questions, provides guidance, and does so with a genuine smile, Dan Crance is your mortgage man. Contact Dan today at 843-478-5612 to get pre-approved and discover why Moncks Corner loves Classic Home Mortgage.

After hours by appointment only. CONTACT DAN

Latest News in Moncks Corner, SC

Moncks Corner mom pushes for blood donors as supply drops

MONCKS CORNER, SC — The American Red Cross is in desperate need of blood donors.The organization usually sees a dip in donations over the summer months with people on vacation, but the blood supply constantly needs to be replenished because donated blood has a limited shelf life.A Moncks Corner mom is encouraging people to donate blood after her daughters needed countless transfusions to keep them alive.Four-year-old twins Annalee and Kennedy Garvin are full of energy.“They are wild from the time they ...

MONCKS CORNER, SC — The American Red Cross is in desperate need of blood donors.

The organization usually sees a dip in donations over the summer months with people on vacation, but the blood supply constantly needs to be replenished because donated blood has a limited shelf life.

A Moncks Corner mom is encouraging people to donate blood after her daughters needed countless transfusions to keep them alive.

Four-year-old twins Annalee and Kennedy Garvin are full of energy.

“They are wild from the time they get up to the time they go to bed,” says their mom, Dana.

But, when the girls were born, it was a different story. Both children spent over 100 days in the NICU.

Dana says the girls were born at 26 weeks gestation, receiving around the clock care to keep them alive.

“While in the NICU they both received blood transfusions, and without those blood transfusions I wouldn’t have two healthy little girls sitting right here with me today,” says Dana.

She says their first three years were full of doctors appointments.

"They've had occupational therapists, speech therapists, physical therapists. They've had the works."

After watching her daughters fight for their lives, Dana now donates blood regularly.

“I didn’t even know my blood type until I became pregnant with them. But I’m O-negative which is good, my blood’s universal,” she explains.

With the nationwide blood shortage, Dana encourages her family and friends to donate blood every chance they get.

“You never know who might need that blood. It could be your own sister, brother, mother, father, child. Little babies born a little too early that might need it, somebody in a car accident, you just never know who’s going to need it.”

ABC News 4 has partnered with the American Red Cross for a blood drive. On May 19 you can donate blood from 8 a.m. - 8 p.m. at Northwoods mall or from 11 a.m. - 7 p.m. at Citadel Mall.

All donors will receive a $10 gift card and be entered to win a travel trailer camper. Use the sponsor code ABCNews4 to schedule an appointment here.

SC veterans cemetery proposed on Santee Cooper property

MONCKS CORNER, S.C. (AP) — The South Carolina Department of Veterans’ Affairs is close to getting land for a new veterans cemetery from a public utility.Santee Cooper would donate 90 acres near its headquarters in Moncks Corner in Berkeley County under a plan approved May 24 by the state legislative panel that oversees capital improvement projects, The State reported.South Carolina has one of the nation’s largest per capita veteran populations, Veterans’ Affairs Secretary William Grimsley said. It has th...

MONCKS CORNER, S.C. (AP) — The South Carolina Department of Veterans’ Affairs is close to getting land for a new veterans cemetery from a public utility.

Santee Cooper would donate 90 acres near its headquarters in Moncks Corner in Berkeley County under a plan approved May 24 by the state legislative panel that oversees capital improvement projects, The State reported.

South Carolina has one of the nation’s largest per capita veteran populations, Veterans’ Affairs Secretary William Grimsley said. It has three national veterans cemeteries and one state veterans cemetery, and is looking to establish at least one more state veterans burial ground within the next decade, Grimsley said.

The state is home to about 400,000 veterans, nearly half of whom are 65 or older, and eight major U.S. military installations. While the veteran population in South Carolina is expected to decline somewhat in the decades ahead, the state should retain a higher concentration of veterans than most others, an advantage for securing federal dollars.

One or more new cemeteries would further expand the landscape of veterans services in South Carolina, which recently opened veterans nursing homes in Florence and Cherokee counties and has three more long-term care facilities for veterans in the works.

Over the past year, the veterans department has been scouting potential burial sites throughout the state and is attempting to get land donations in several locations, Grimsley said.

To qualify, a site must be easily accessible, have at least 60 acres of usable land with potential for expansion, be located more than 75 miles from any other veterans cemetery, among other conditions.

Once Veterans’ Affairs owns the land, the agency can apply for a grant from the National Cemetery Administration to cover development, construction and future burial costs, while the state would be responsible for day-to-day operations, staffing and landscaping, Grimsley said.

If Veterans’ Affairs does not receive federal grant approval, ownership reverts to the donor.

Local officials are talking with owners of sites in Bamberg and Union counties about possible donation, Grimsley said.

The Moncks Corner site is located along the U.S. Highway 52 bypass overlooking the Tailrace Canal and close to the historic sites of Fort Fairlawn, Stony Landing and the ruins of Biggin Church.

Santee Cooper acquired the land in 1991 but subsequently determined it did not need the property and has authorized its donation to Veterans’ Affairs.

“Santee Cooper is honored to have the opportunity to play a role in bringing a veteran’s cemetery to our community,” the utility’s general counsel wrote to the state’s Joint Bond Review Committee. The land, which currently serves as a recreation area that includes an off-road bicycle trail, has been appraised at nearly $2.2 million.

More than 45,000 veterans and their family members are buried in South Carolina’s four existing veterans cemeteries, located in Beaufort, Florence, Anderson and at Fort Jackson in Richland County, Grimsley said.

Beaufort, Florence and Fort Jackson are national cemeteries, accepting veterans from anywhere in the country. State cemeteries limit burial to South Carolina residents and service members who were stationed in the Palmetto State.

In addition to veterans, the cemeteries will accept one immediate family member.

All four of South Carolina’s veterans cemeteries are active and accepting new burials, but the Beaufort and Florence national cemeteries, which were established in the 19th century, are expected to be at capacity within the next two decades, Grimsley said.

M.J. “Dolly” Cooper Veterans Cemetery in Anderson, which opened in 2007, should remain active in its current configuration until about 2050. Fort Jackson National Cemetery, which opened in 2009, won’t be full until 2070, he said.

Berkeley Co. unveils upgrades to Cypress Gardens boat landing

MONCKS CORNER, S.C. (WCIV) — The Lowcountry is a premier spot in the state to fish and go on the water. Berkeley County is now making it easier to access those waterways.The Berkeley County Roads & Bridges and Facilities & Grounds crews will unveil new improvements to the Cypress Gardens boat landing Wednesday at 4 p.m.County officials said over 100 boats come through the landing a day.Before the upgrades, there were only 35 parking spots for these boaters to use- forcing many to park farther down Cypress G...

MONCKS CORNER, S.C. (WCIV) — The Lowcountry is a premier spot in the state to fish and go on the water. Berkeley County is now making it easier to access those waterways.

The Berkeley County Roads & Bridges and Facilities & Grounds crews will unveil new improvements to the Cypress Gardens boat landing Wednesday at 4 p.m.

County officials said over 100 boats come through the landing a day.

Before the upgrades, there were only 35 parking spots for these boaters to use- forcing many to park farther down Cypress Gardens Road.

But with these new improvements, county officials said boaters will now have safer access to the water.

The Cypress Gardens boat landing now has over 91 boat and trailer parking spaces, as well as 47 passenger vehicle spots and four handicap boat trailer parking spots.

The additions make it one of the largest sites in the county.

Improvements were also made to the boat access points and a new pavilion was built for casual fishers.

The landing has fishing competitions- with nearly 90 boats regularly- held at this landing and county officials say these improvements will help provide the ample space needed for residents enjoy the water.

“In Berkeley County and in the Charleston area- but big time in Berkeley County- we have some of the best fisheries in the entire country,” Berkeley County Supervisor Johnny Cribb said. “We routinely had over 100 boats or 100 users. So, the project wasn't 'if you build it, they will come'. It was, they're already here and what are you gonna do about it.”

The improvements cost about $400,000.

Cribb says the manufacturing plant Dupont donated 100 percent of the land for these improvements, which eased the burden on the county's budget.

Not only do over 100 boats come through the landing a day, but officials say the number of casual fishers who come to the dock have increased ten-fold.

With the increased number of pedestrians in the area, county officials have some added new walkways and security measures for a safer experience.

The county planted new ropes and poles to carve out a safe pedestrian walkway, which they said was a priority at Cypress Gardens due to its proximity to the busy Cypress Gardens Road.

Additional security cameras and lighting have also been installed.

The Cypress Gardens landing is the first boat landing to receive these improvements by the county, with more planned improvements to others in the future.

County officials say it will cut down on traffic in the area and provide more access to waterways closer to home.

“Planting all those poles out there and rope is not inexpensive and easy to do. but it's really important to do so we can protect the pedestrians from the different vehicle traffic coming in,” Cribb said. “What you want to do is thin out the herd. The more quality safe boat landings you have, people want to go to the one closest to their home, but they will drive much further away if they need to. so, this helps us keep cars off the road needlessly.”

Cribb said the next project they are working on is the Spiers boat landing in Cross.

The brand-new site is planned to include 450 parking spaces for boaters and a full hiking trail for residents to use.

Coalition to Back Black Businesses Awards $25,000 Grants to 20 Black-Owned Small Businesses

Amid the pandemic, labor shortages, and rising inflation, the Coalition to Back Black Businesses is providing funding and mentorship opportunities to help Black small business owners persevere and continue to grow their business.WASHINGTON, D.C. — The U.S. Chamber of Commerce Foundation today announced that the Coalition to Back Black Businesses (CBBB) has awarded 20 Black-owned small businesses from CBBB’s 2021 grant program an addit...

Amid the pandemic, labor shortages, and rising inflation, the Coalition to Back Black Businesses is providing funding and mentorship opportunities to help Black small business owners persevere and continue to grow their business.

WASHINGTON, D.C. — The U.S. Chamber of Commerce Foundation today announced that the Coalition to Back Black Businesses (CBBB) has awarded 20 Black-owned small businesses from CBBB’s 2021 grant program an additional $25,000 enhancement grant to support their growth and long-term success. Among the 20 recipients – 45% of which started their business during the pandemic – 80% are women-owned small businesses and 85% have six or fewer employees.

“Employing nearly half of the U.S. workforce, the strength of small businesses is critical to the prosperity of our communities and our economic recovery,” said Carolyn Cawley, president of the U.S. Chamber of Commerce Foundation. “We’re committed to supporting the needs of Black small business owners in America through our Coalition to Back Black Businesses and equipping them with tools to thrive.”

Now in its second year, the CBBB initiative was established in September 2020 by the U.S. Chamber Foundation, founding partner American Express, and four leading national Black business organizations – the National Black Chamber of Commerce, National Business League, U.S. Black Chambers, Inc., and Walker’s Legacy – to provide immediate financial assistance and mentorship opportunities to help strengthen the Black business community. Since its launch, CBBB has awarded grants to 1,091 Black-owned small businesses in 40 states to help cover essential needs as they navigated the pandemic, from covering rent and payroll expenses to expanding their online presence and marketing efforts.

“We proudly back small businesses because they are the backbone of communities across the country,” said Madge Thomas, head of corporate sustainability and president of the American Express Foundation. “In the second year of this program, we welcome the chance to continue to help Black-owned businesses recover from the pandemic, innovate, and grow.”

According to a survey conducted in January 2022, Black-owned businesses hit record levels of lower sales, with more than half reporting lower sales than in the previous year. Meanwhile, CBBB grantees report being optimistic about the future of their business, with 50% of them experiencing increased revenue in the second half of 2021. After more than two years into the pandemic, reduced consumer traffic, access to capital, and employee availability remain top obstacles to business growth.

“Because of COVID-19, the price of all raw goods has gone up – in some cases, three times as much, and the additional funds helped cover the cost of our raw goods,” said Nekia Hattley, owner of My Daddy’s Recipes in Inglewood, California. “The $5,000 grant was a blessing, it meant someone saw my dream and believed enough in it and in me to invest capital to aid in my growth. This support encourages me to keep growing, learning, and going.”

Additional funding from ADP, AIG, Altice USA (parent company of Optimum and Suddenlink), Dow, and the S&P Global Foundation, along with programmatic support from Stanley Black & Decker, Shopify, and Firefli, will provide $14 million in grants and other critical resources, like mentorship, to support Black small business owners across the country through 2024.

“The mentorship and coaching support that we have received from the Ureeka platform has been phenomenal. It is unmatched,” said Bupe Mulenga, owner of Stephens Southern Delights in Detroit, Michigan. “That in and of itself supplied so much encouragement, support, and reassurance that although we dream big, we can definitely achieve what we set out to do.”

Enhancement Grant Recipients

Twenty grantees were selected by a panel of judges to receive the $25,000 enhancement grant out of the 491 businesses in CBBB’s 2021 cohort. Businesses are located in cities across the country. Top reasons for requesting an enhancement grant included developing a stronger online presence, relocating to a larger physical space, and hiring additional staff.

“The enhancement grant will support us with crucial costs to propel our growth forward for 2022, including hiring more pilots, investing in SEO marketing, web platform improvements, rent, and more,” said Bronwyn Morgan, owner of Xeo Air in East St. Louis, Illinois.

The full list of grantees includes:

Learn more about the winners and how the CBBB program has positively impacted their businesses at webackblackbusinesses.com/recipients-2022. Applications for the fall 2022 cohort will open in August. For more information on eligibility and the application process, visit webackblackbusinesses.com.

Santee Cooper Now Accepting Applications for Its EVolve Electric Vehicle Grant Program

MONCKS CORNER, S.C. – Santee Cooper is now accepting applications for its new EVolve Electric Vehicle Commercial Grant Program. The program is available to Santee Cooper commercial customers and will offer grants of up to $25,000 designed to help transform the Grand Strand and other parts of the utility’s service territory into electric vehicle-friendly destinations.“South Carolina is a destination state and expanding our EV infrast...

MONCKS CORNER, S.C. – Santee Cooper is now accepting applications for its new EVolve Electric Vehicle Commercial Grant Program. The program is available to Santee Cooper commercial customers and will offer grants of up to $25,000 designed to help transform the Grand Strand and other parts of the utility’s service territory into electric vehicle-friendly destinations.

“South Carolina is a destination state and expanding our EV infrastructure is a must for both visitors and locals who drive electric vehicles, so that they can enjoy all this beautiful state has to offer,” said Jimmy Staton, Santee Cooper President and CEO. “We are pleased to play a role in advancing EV infrastructure.”

There is $100,000 available for EVolve grants in 2022, and selected projects will receive grants of up to $25,000. Customers can apply for EV projects in one of four categories:

Applications will be competitive and undergo an evaluation by an independent third party, with the highest scoring projects receiving funding. Criteria for scoring includes project feasibility, proposed use of funds, innovation, community benefits, matching funds, and equity.

In January, Santee Cooper’s Board of Directors authorized funding of $500,000, with $300,000 of that included in the 2022-2024 budgets and the remainder to be included in subsequent budgets. Funds will be awarded once in 2022 and then two grant cycles per year thereafter.

Santee Cooper began supporting electric vehicles a decade ago by assisting with grants that helped install several charging stations in publicly available locations throughout the Grand Strand. The utility recently donated new chargers to replace now-outdated chargers left from the original effort. In addition, Santee Cooper has an active rebate program for in-home charging stations for residential customers.

For more information on the EVolve Grant Program or to apply, visit www.santeecooper.com/EVolveGrant. For more information about residential EV rebates, visit www.empowerscauto.com.

Santee Cooper is South Carolina’s largest power provider, the ultimate source of electricity for 2 million people across the state, and one of America’s Best Midsize Employers as named by Forbes. Through its low-cost, reliable and environmentally responsible electricity and water services, and through innovative partnerships and initiatives that attract and retain industry and jobs, Santee Cooper helps power South Carolina. To learn more, visit www.santeecooper.com and follow #PoweringSC on social media.

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