With 30 years in the industry

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.

Ask Dan Anything843-478-5612
 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.
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 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.

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Latest News in Moncks Corner, SC

Family frustrated over gravesite marker delays at Moncks Corner cemetery

|Updated: Nov. 9, 2024 at 7:39 AM ESTMONCKS CORNER, S.C. (WCSC) - The alleged delay in installing gravesite markers at a Moncks Corner cemetery is causing upset among loved ones.Edna Essington and her brother, William Champion, purchased burial plots at Plantation Memorial Gardens in 1987. As of April 23 of that year, the plot and marker were paid for, according to internment records.Champion passed in August of 2023. The family designed his marker with a steam engine train car, the same figurine he was buried with....

|Updated: Nov. 9, 2024 at 7:39 AM EST

MONCKS CORNER, S.C. (WCSC) - The alleged delay in installing gravesite markers at a Moncks Corner cemetery is causing upset among loved ones.

Edna Essington and her brother, William Champion, purchased burial plots at Plantation Memorial Gardens in 1987. As of April 23 of that year, the plot and marker were paid for, according to internment records.

Champion passed in August of 2023. The family designed his marker with a steam engine train car, the same figurine he was buried with.

Fifteen months later, his marker is still missing.

“We signed a contract with them, my parents, my brother, myself, my sister and her husband,” Essington said. “It’s been so long since Bill passed away in August, to now, and nothing.”

Essington claimed she spoke to the cemetery staff in October and they told her the foundry did not have a set date for delivery or installation.

“Waited, waited and waited. I called again, and they told me the foundry they ordered his headstone from was holding it up,” Essington said. “I don’t know what to do from here. I really don’t.”

In a state hearing in September, overhead company Faithful Heritage Holdings testified issues with the bronze company which makes certain gravesite markers. The group also testified to having a full-time on-site worker who is responsible for installing markers that were delivered to the grounds.

Photos provided by loved ones at the cemetery show dozens of markers worth thousands of dollars, uncovered and waiting to be placed.

One of those markers belonged to William “Bill” Bradshaw, Champion’s nephew, who lost his son in February.

“My son’s came in four to five weeks ago, instead of setting it, they waited four to five weeks and thankfully did it today,” Bradshaw said. “Why should we wait four to five weeks? You’re paying three or four grand for these markers. For them to sit out here on the ground and nobody mounts them is disappointing.”

His son’s marker was installed on Friday by cemetery staff.

“It’s been frustrating as a family to go through this, we want closure for these graves, and you have to wait months and months for it to happen. It’s not fair,” William “Bill” Bradshaw said.

“I just can’t settle down and say he’s safe. It’s very frustrating and it makes me very angry,” Essington said. “Other people have paid their money too. Is theirs the same as ours? Have their things been paid for, and they’re waiting around too?”

In 2019, another family claimed a similar issue where their prepaid headstones were not installed.

Plantation Memorial Gardens did not respond to repeated calls for comment from Live5News.

Copyright 2024 WCSC. All rights reserved.

Northern Lights in South Carolina, again? Another geomagnetic storm made it possible.

Waves of color lit up Lowcountry skies the night of Oct. 10, thanks in part to a geomagnetic storm that caused an aurora borealis, aka the Northern Lights, to appear much further south than usual.It was the second time this year the spectacle reached South Carolina and other parts of the Southeastern U.S.An aurora boreal...

Waves of color lit up Lowcountry skies the night of Oct. 10, thanks in part to a geomagnetic storm that caused an aurora borealis, aka the Northern Lights, to appear much further south than usual.

It was the second time this year the spectacle reached South Carolina and other parts of the Southeastern U.S.

An aurora borealis is caused by magnetic storms that are prompted by solar activity like solar flares, according to NASA. When charged particles from the sun enter Earth's magnetic field and interact with the nitrogen and oxygen in the upper levels of the atmosphere, the particles give off different colors.

Similar phenomena occur around the South Pole, where they are known as aurora australis, or the Southern Lights.

According to the National Oceanic and Atmospheric Administration, a strong geomagnetic storm caused by a coronal mass ejection — when gas bubbles are ejected from the sun's outer layer — earlier in the week caused the lights to appear Oct. 10 as far south as Alabama.

This wasn't the first time this year that people across the state witnessed the natural light show. In May, many South Carolinians were able to witness the attraction — some for the first time.

A potential downside to the stunning sight is that the same solar activity that causes auroras can also have negative effects on communications and satellite infrastructure. The solar activity carries the potential to disrupt satellite and high-frequency communications, power grids and GPS services.

Power grids weakened by the recent hurricanes and navigation systems used in recovery efforts were of particular concern, NOAA said.

The Space Weather Prediction Center — the NOAA office that monitors solar activity and geomagnetic storms — had updated FEMA and other agencies involved in disaster relief efforts on the situation.

Shawn Dahl, a space weather forecaster with the prediction center, said the chances of seeing an aurora over South Carolina the night of Oct. 11 are much slimmer.

"There is a very low likelihood of G4 (Severe) storm levels again tonight — so the major concerns with technological infrastructure operations and hurricane relief efforts is less," Dahl said in an email to The Post and Courier. "There are still some issues that are a possibility such as GPS degradation periods and satellite operations because even though storm intensity has lowered the atmosphere still has to recover."

"So, tonight has much lower chances of any aurora materializing over South Carolina," he added.

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