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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

Celebrate The Season Holiday Lights Driving Tour Starts Nov. 25

New this year, kickoff Celebrate The Season at Holiday in the Park on Nov. 25 and Nov. 26.MONCKS CORNER, S.C. – The 12th annual Celebrate The Season charitable event, a family-friendly, month-long holiday festival, takes place daily from 6 p.m. to 9 p.m. from Nov. 25 through Dec. 30 (closed Dec. 24 and Dec. 25). Celebrate The Season, organized and hosted by Santee Cooper, has donated more than $1 million to local charities, including the Coastal Community Foundation’s Giving Back to Berkeley Fund, since 2011. Berkeley Elec...

New this year, kickoff Celebrate The Season at Holiday in the Park on Nov. 25 and Nov. 26.

MONCKS CORNER, S.C. – The 12th annual Celebrate The Season charitable event, a family-friendly, month-long holiday festival, takes place daily from 6 p.m. to 9 p.m. from Nov. 25 through Dec. 30 (closed Dec. 24 and Dec. 25). Celebrate The Season, organized and hosted by Santee Cooper, has donated more than $1 million to local charities, including the Coastal Community Foundation’s Giving Back to Berkeley Fund, since 2011. Berkeley Electric Cooperative will again serve as the festival’s presenting sponsor.

For only $5 per vehicle, visitors can drive through Celebrate The Season’s mile-long Holiday Lights Driving Tour, where thousands of festive holiday lights complement the natural beauty of Old Santee Canal Park. Participants can take as many trips as they like on the day they purchase their ticket.

New this year, Old Santee Canal Park will host Holiday in the Park from 6 p.m. to 9 p.m. on Nov. 25 and 26. This kickoff event is included with admission to the Holiday Lights Driving Tour, which begins at Santee Cooper Headquarters at 1 Riverwood Dr. in Moncks Corner and ends in the park. Bring your family and friends for food, entertainment, a visit with Santa, and many other activities to help usher in the holiday season.

The beautiful LED lighting displays are powered by 100% Santee Cooper Green Power, which is Green-e Energy certified and meets the environmental and consumer-protection standards set forth by the nonprofit Center for Resource Solutions. Learn more at www.green-e.org.

For those looking for additional weekend festivities, Holiday Fairs at Moncks Corner Regional Recreation Complex, organized by the Town of Moncks Corner, will be held each Friday and Saturday from 6 p.m. to 9 p.m. from Dec. 2 to Dec. 17. Admission to the Holiday Fairs, which features holiday-themed entertainment and activities, is free.

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.

Work on new Berkeley County Courthouse hits snag

For years a new Berkeley County courthouse has been needed. The current facility on California Avenue in Moncks Corner is cramped, cluttered and when it comes to restrooms and courtrooms, there is not enough of either. The court system in Berkeley County has out grown the building.To meet the need county officials have decided to build a new courthouse on Belt Drive in Moncks Corner. Council initially put together a courthouse committee and along with the clerk of court and court security, a plan was devised to move ahead.Clerk...

For years a new Berkeley County courthouse has been needed. The current facility on California Avenue in Moncks Corner is cramped, cluttered and when it comes to restrooms and courtrooms, there is not enough of either. The court system in Berkeley County has out grown the building.

To meet the need county officials have decided to build a new courthouse on Belt Drive in Moncks Corner. Council initially put together a courthouse committee and along with the clerk of court and court security, a plan was devised to move ahead.

Clerk of Court, Leah Guerry Dupree said the upgrades will include, of course, more courtrooms.

Also, she said, there will be more elevators, secure entrances for detainees, a secure route through the building for judges and employees, not shared by detainees, which is currently not the case. And more holding cells to separate the juveniles from the adults.

In June of this year, it was time to hand the ball off to county procurement for architecture and engineering plans. Procurement’s job was to scour the country to find the best firm to design the $50-milllion investment. For five-months, numerous firms were considered and it was finally narrowed down to one — but Council believes somebody fumbled.

At the Council meeting on Nov. 14, procurement staff took their good news to the governing body that an out of state firm named Studio 8 Design/HDR has been chosen at a cost of $4.3 million, all that was needed was Council’s approval. Members were told the firm has designed several courthouses in states all over the country. But South Carolina wasn’t mentioned as one of them.

“What I would like to see Council do is go around and look at some of the projects, that this firm has done, the architectural and engineering part of it. Let’s see it first hand,” Councilman Jack Schulknight said to presenters.

Council member Josh Whitley then offered his concerns on that idea. “That would be difficult because they haven’t done any in the state of South Carolina,” he said.

He asked about another firm that was passed over on how many they designed in South Carolina — the answer was seven.

“So you have one firm that has by far and away done multiple, substantial courthouse projects in South Carolina and you have one that’s done zero,” Whitley said.

“This is a concern to Council,” said Schurlknight. “A huge concern to Council. A huge concern” added Whitley.

“A firm from California can come and do architectural services and they not get it right they go back to wherever they came from and no big deal,” said Whitley.

Whitley and the other members agreed that the firm chosen should have more ties to the state in order hold them more accountable if something goes wrong. Although the procurement speaker noted having done work in South Carolina was never pointed out as a stipulation in the search. Council also added that there has been a lack of communication from procurement staff and those on the courthouse committee during the process.

Council then chose to go into executive session for the purposes of personnel and the awarding of the contract.

Upon return, the motion was denied to award the firm the contract based on its lack of experience in South Carolina. After months of searching, bidding and interviews the effort to move the project along stalled. While to project is still in the works, it seems like it’s back to square one in the hunt to for design plans for the long overdue new Berkeley County Courthouse.

The best show in town: Customs Four and Friends let the good times role in Moncks Corner

Sixty-four years in the game and Moncks Corner’s Customs Four and Friends music band still keeps the crowds flocking to their shows — and dancing in the aisles.While many of the components of the entertainment combo have changed since 1958, drummer Gene Cribb and saxophonist/vocalist Truman Metts have been rocking the stage since day one.Another aspect of the band that’s remained status quo, according to Cribb, is the ensemble’s dedication to Carolina beach music, which to the uninitiated has nothing in ...

Sixty-four years in the game and Moncks Corner’s Customs Four and Friends music band still keeps the crowds flocking to their shows — and dancing in the aisles.

While many of the components of the entertainment combo have changed since 1958, drummer Gene Cribb and saxophonist/vocalist Truman Metts have been rocking the stage since day one.

Another aspect of the band that’s remained status quo, according to Cribb, is the ensemble’s dedication to Carolina beach music, which to the uninitiated has nothing in common with anything ever released by The Beach Boys. Instead, in describing the “shaggin’” beats of the Carolina beach genre, the longtime drum master defined it as an upbeat mix of rock, R&B and pop that features similarities to the Carolina Shag, which has its own rhythmic step/shuffle dance that complements the sound.

Other past and present practitioners of the Carolina beach melody include: The Tams, The Drifters and The Catalinas.

In the early days, when the Customs Four were strictly a quartet with no friends, the group featured the drums, piano, sax and guitar. But as more performers began joining the fray, the music team eventually grew to eight members, including a female led singer (Kristina Gaskins), along with additional pieces (sax, keyboards, drums, trumpet, trombone and bass).

The covers heard at a Customs Four and Friends outing might include a lot of the same 60s, 70s and 80s toe-tappers played by several other town and bar bands, but unlike so many other performers, the spectators at any one of the local band’s concerts can often be seen on their feet and grooving like nobody’s watching.

“It’s what we play. We look out to the audience, they’re the same age as we are, and I’m 76. We try to satisfy [the kids] as well,” said Cribb about his popular act whose following spans generations.

While Cribb and company normally travel throughout the South Carolina cities of Myrtle Beach, Greenville, Spartanburg and Clemson, they also once ventured outside the Palmetto State decades ago.

Cribb recalls his music crew entering a 4-H contest and winning county and state competitions and earning a trip to Chicago to compete on a national stage ... until that is they found out they were too young to vie for the big prize.

“So, they paid us $20 a day to entertain a bit. We played a bit at different hotels there too,” he mentioned.

Recently, the Customs Four and Friends have been a Monday night staple in Downtown Moncks Corner, where they’ll set up shop on Main Street and play for hours to a crowd of adoring locals sitting back, bobbing their heads and clapping their hands in their individual lawn chairs.

The self-effacing Cribb attributes the hometown popularity to the fact that “there’s not a whole lot to do in Moncks Corner,” but remains staunchly supportive of his hometown and neighbors when it comes to youngsters who flash potential. In terms of musical talent, in fact, the happily married father and grandfather assures that his Berkeley County town is a hotbed for skilled entertainers.

The kind of advice he’ll typically dispense to young musicians on the rise — including fellow drummers — is to maintain a high level of consistency in honing their craft.

“To be a top-notch drummer, and this is my opinion, you really need to learn the drum rudiments — that’s one of the most important things — and just keep practicing,” added Crib, who counts Cozy Cole and Buddy Rich as a couple of legendary drummers he admired coming up through the ranks.

The now retired Cribb worked in a variety of roles in his adult life, such as operating a burial company in Summerville and also working for Berkeley Electric. But despite his hard work, the local son always found time to get together with his music buddies, whether that meant playing weddings or performing for local organizations in town.

In his 64 years as a professional, he and his bandmates have always made time for rehearsal, which has been one of many elements that have allowed Customs 4 and Friends to produce a flawless sound to the layman listener, while also creating a festive atmosphere that helps folks forget about real-world problems for a while.

Since calling it a career at Berkeley Electric, Cribb and wife, Esther, have opened the Music Man BBQ restaurant, which has keeps the septuagenarian active and on his toes as he continues to keep Carolina beach music alive and well — with the help of his friends of course.

MUSC Children’s Health Pediatrics Celebrates Moncks Corner Ribbon Cutting

MONCKS CORNER, S.C. – Berkeley County, Town of Moncks Corner leaders and public safety officials recently celebrated the unveiling of the new MUSC Children’s Health Pediatrics facility in Moncks Corner with Dr. Joseph West and Dr. Luke Emmanuel Edmondson.Dr. West and his pediatric ...

MONCKS CORNER, S.C. – Berkeley County, Town of Moncks Corner leaders and public safety officials recently celebrated the unveiling of the new MUSC Children’s Health Pediatrics facility in Moncks Corner with Dr. Joseph West and Dr. Luke Emmanuel Edmondson.

Dr. West and his pediatric primary care practice of more than 40 years, Moncks Corner Pediatrics, officially joined MUSC as MUSC Children’s Health Pediatrics – Moncks Corner on August 1.

Mark Scheurer, M.D., Children’s and Women’s Services chief, says it’s an absolute pleasure to see his initial conversation with West come to fruition.

“Several years ago, when Dr. West and I walked through the new children’s hospital together, I learned about his decades-long dedication to the kids and families of Moncks Corner and beyond,” Scheurer said. “We discussed our hopes for the new children’s hospital and the need to connect it to folks where they live, to serve them where they are. It was just a conversation, but it was clear to both of us that there was an opportunity to make it more substantive to help directly connect this community to the children’s hospital and serve them better.”

MUSC Health leaders, the Berkeley Chamber of Commerce, the Town of Moncks Corner, and the Moncks Corner pediatric team gathered on Wednesday, October 12, for a ribbon-cutting event to honor the partnership and recognize West’s contributions to the community and the care he has provided over the years.

West has been in practice for 43 years and says he is excited to have the partner he never had but now does, Dr. Luke Edmondson.

“What a testimony to Dr. West in terms of so much time here in practice and wanting to do what’s right for the community and partnering with MUSC to continue his legacy in Moncks Corner,” said Terrence E. Steyer, M.D., College of Medicine interim dean.

The practice, located at 5000 Epson Plantation Drive, Suite B in Moncks Corner, is a recognized Patient-Centered Medical Home (PCMH) by the National Committee for Quality Assurance (NCQA) and provides convenient primary care for children from birth through 18 years of age.

Ranked as the #1 children’s hospital in South Carolina by U.S. News & World Report, patients and families have direct access to nationally-ranked, dedicated pediatric experts in multiple specialties – from yearly physicals to referrals to specialty clinics, plus children-only labs, imaging, and more.

For more information, visit MUSCkids.org/PrimaryCare. To schedule an appointment, call 843-876-0444.

Moncks Corner property owners to see 15 percent tax increase

MONCKS CORNER, S.C. (WCSC) - For the first time in seven years, homeowners and landowners in Moncks Corner will see a 15 percent property tax increase starting on October 1.At the Moncks Corner Town Council meeting Thursday evening, the vote for a new budget was passed unanimously with only one member of the public providing input.The economy, fuel prices and labor costs are all contributing factors according to Mayor Michael Lockliear, but the main reason for the increase is to afford and pay public employees.“Ret...

MONCKS CORNER, S.C. (WCSC) - For the first time in seven years, homeowners and landowners in Moncks Corner will see a 15 percent property tax increase starting on October 1.

At the Moncks Corner Town Council meeting Thursday evening, the vote for a new budget was passed unanimously with only one member of the public providing input.

The economy, fuel prices and labor costs are all contributing factors according to Mayor Michael Lockliear, but the main reason for the increase is to afford and pay public employees.

“Retention has been very tough over the last year keeping employees,” Lockliear said. “Since other people are paying more around us, we had to step up and do the same thing.”

The tax hike means a homeowner with a property valued at $250,000 will have to pay $100 more per year on property taxes. Statistically, it is normal to increase taxes by about two-percent each year.

Berkeley County Sheriff’s Office Special Prosecutor Tyler Jenkins was the only one who asked a question during the public input portion of the meeting.

“My real question as far as the millage rate, 15 percent in one year seems like a pretty high number,” Jenkins said. “Was there any discussion about why that wasn’t incrementally put into place?”

In response, Lockliear said this is the first time in seven years that the city has had to increase property tax, which he is very proud of.

“We did it so we wouldn’t have to come back in two years and do it again,” Lockliear said. “As a resident of Moncks Corner, I’d much rather be taxed one time now and then another time in 10 years or so, but not every two years.”

Every year, the city government meets for a budget workshop where they go through the department by department and cut what is needed for a balanced budget. This year, Lockliear said they were short about $325,000 with the more expensive costs coming from health care and retirement benefits to public employees

“With that being done, it put a big dent in our budget,” Lockliear said. “That’s why the millage increase came and hopefully it will take us through the next six to seven-eight years.”

The new budget takes place from Oct. 1, 2022, until Sept. 30, 2023. Operating revenues will increase from $12,417,159 to $15,622,744 and operating expenditures will increase from $14,151,802 to $15,363,175.

Copyright 2022 WCSC. All rights reserved.

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