Skip to main content

Dan Crance: Your Mortgage Man | 134 E Richardson Ave Summerville SC 29483

With 30 years in the industry

Mortgage Broker in Mount Pleasant, SC

Ask us Anything843-478-5612

Quick Quote

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 Mount Pleasant, SC, who can educate you on mortgage rates and provide trustworthy guidance to help you make an informed decision.

My name is Dan Crance – Mount Pleasant’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 Mount Pleasant, 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
Classic Home Mortgage Providing Trustworthy Mortgage Guidance for Over 30 Year
Classic Home Mortgage Providing Trustworthy Mortgage Guidance for Over 30 Year

Why Choose Dan Crance As Your Mortgage Lender in Mount Pleasant, 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.

Why Choose Dan Crance As Your Mortgage Lender

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

Home Financing

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 Mount Pleasant, SC.

Refinancing in
Mount Pleasant, 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 Mount Pleasant, 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:
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.

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 Mount Pleasant, 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 Mount Pleasant 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.

Trust Dan Crance

Your Mortgage Lender in Mount Pleasant, 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 Mount Pleasant loves Classic Home Mortgage.

After hours by appointment only. CONTACT DAN

Latest News in Mount Pleasant

Opie Drive-Thru Grocery opens first store — with more in the works

A high-tech, drive-thru grocery store with a retro theme and big ambitions has opened its first location.Opie Drive-Thru Grocery has unveiled its first location, in Mount Pleasant, S.C. It’s the first of three stores planned for the Charleston, S.C. area. (The company name comes from “The Andy Griffith Show” television series which ran in the 1960s. Andy’s son, played by Ron Howard, was named Opie.)Opie, which bills itself as an ultra-fast convenience grocery store, is open 24 hours, seven days a week. U...

A high-tech, drive-thru grocery store with a retro theme and big ambitions has opened its first location.

Opie Drive-Thru Grocery has unveiled its first location, in Mount Pleasant, S.C. It’s the first of three stores planned for the Charleston, S.C. area. (The company name comes from “The Andy Griffith Show” television series which ran in the 1960s. Andy’s son, played by Ron Howard, was named Opie.)

Opie, which bills itself as an ultra-fast convenience grocery store, is open 24 hours, seven days a week. Unlike most other stores that offer online grocery pickup, customers do not have to schedule ahead. Instead, they can pull into a parking spot at the store and order from their car using the Opie app. The order is brought out to the car minutes later and there are no fees or order minimums.

For smaller "express orders" customers can order directly with the clerks in the drive-thru lane. Shoppers can also order online on the grocer’s website.

The 3,000-sq.-ft. store features thousands of items, including fresh meats, produce and bakery items. It also has a substantial organic and natural selection.

“Convenience is hard to schedule,” said Scott Thomas, director, Opie Charleston. “That’s why we’re open 24/7 and don't require customers to schedule a pick-up time. Life is spontaneous, and our service responds to that.”

Opie co-founder Tyler Sones said the company is focused on perfecting the high-tech, close-to-consumer “dark store” concept.

“Over 70 million Americans go through a drive-thru every day,” he said. “This is a profitable way to bring real convenience to grocery. So far our biggest fans are busy parents and seniors.”

On its web site, Opie said it is looking for capital partners to continue its aggressive expansion plans. The company also said it offers a "complete satisfaction" guarantee and will replace any item with an acceptable one or immediately refund the total purchase price. The grocer noted it employs smart energy and water conservation and uses 100% post-consumer recycled paper.

“We recycle 99% of our cardboard and prioritize products that use paper or glass over plastic—overall using 40% less energy than traditional grocery stores,” the company stated. “In partnership with the Lowcountry Food Bank, we help provide weekend meal packs for students who are facing food insecurity," according to a statement on the company's website.”

Opie was founded by group of Citadel graduates looking to offer a more convenient way to shop for groceries. The group said they drew inspiration from a character on The Andy Griffith Show (Andy’ son, played was named Opie).

Thomas came to the company from Chick-fil-A, where he helped launch more than a dozen new stores.

Multi-purpose entertainment venue planned for Mount Pleasant

MOUNT PLEASANT, S.C. (WCSC) - An indoor entertainment venue could soon be coming to the northern end of Mount Pleasant in the Carolina Park community.The Chief Executive Officer of the Ventura Sports Group, Mark Schuster, says this facility on Faison Road would be anchored by an eSports stadium, which will be used for other events throughout the year.“Charleston’s a destination. As they continue to build these eSports venues around the country, people are going to want to go to places they love going to. And what&rs...

MOUNT PLEASANT, S.C. (WCSC) - An indoor entertainment venue could soon be coming to the northern end of Mount Pleasant in the Carolina Park community.

The Chief Executive Officer of the Ventura Sports Group, Mark Schuster, says this facility on Faison Road would be anchored by an eSports stadium, which will be used for other events throughout the year.

“Charleston’s a destination. As they continue to build these eSports venues around the country, people are going to want to go to places they love going to. And what’s a better place to go to than Charleston and Mount Pleasant,” Schuster said.

The project is on 29 acres of land, near Highway 17. Schuster says the eSports stadium will be 120,000 square feet with a 1,600 seat auditorium inside.

He says there will also be space for classes where you can go learn to play eSports. Plans also show a convention hall inside the eSports venue.

Schuster says the targeted audience for eSports is primarily those ages 13 to 35, but it continues to see more and more growth.

Schuster says around the venue will be retail stores, restaurants, and possibly a hotel.

He says they plan to host entertainments like boxing, mixed martial arts, and concerts in the area throughout the year.

Schuster, also the former General Manager of the Charleston RiverDogs, says there are only five other eSports stadiums like this one in the United States right now. Those are in Philadelphia, Arlington, Las Vegas, Oakland, and southern California.

The eSports venue in Mount Pleasant is in the planning and development stages right now. Schuster says they are trying to move quickly, and hope to see it open by the end of 2023, or the first quarter of 2024.

He says the cost of the project will vary based on what all comes around the space. He says they have received interest from folks about also having a post-production film studio here, to allow for more movie making in town. He says that has not been approved yet, but if it is included, the total project cost would be about $82 million.

He estimates it would bring about $10 million annually in tax revenue. He says that’s not to mention the number of jobs, both construction and full-time/long-term positions, it will bring.

Copyright 2021 WCSC. All rights reserved.

Mount Pleasant-Area Unemployment Rate Decreases In August: Feds

The Charleston County unemployment rate improved somewhat during the late summer.MOUNT PLEASANT, SC — The U.S. posted its weakest job recovery month of the year in September, with just 194,000 non-farm jobs added to the economy.The September jobs report was even worse than that in August, when 366,000 jobs were created, according to the U.S. Bureau of Labor Statistics.The national unemployment rate dropped 0.4 percentage points to 4.8 percent despite the September disappointment.The latest available local ...

The Charleston County unemployment rate improved somewhat during the late summer.

MOUNT PLEASANT, SC — The U.S. posted its weakest job recovery month of the year in September, with just 194,000 non-farm jobs added to the economy.

The September jobs report was even worse than that in August, when 366,000 jobs were created, according to the U.S. Bureau of Labor Statistics.

The national unemployment rate dropped 0.4 percentage points to 4.8 percent despite the September disappointment.

The latest available local unemployment figures are for August; that rate improved since July in the Mount Pleasant area and continues to be lower than it was the beginning of the pandemic.

The Charleston County unemployment rate was 3.8 percent in August, down from 3.9 percent in July. That reflected some improvement from August 2020, when the unemployment rate stood at 6.0 percent.

The August unemployment rate in Charleston County was lower than the South Carolina rate of 4.2 percent, according to the latest local figures from the BLS.

Nationally, 17.4 million jobs have been added back to the economy since April 2020. Still, the country is down 5 million positions (3.3 percent) from pre-pandemic levels.

The jobs report is based on survey data from mid-September, which may have skewed negatively due to several crises in the country, according to The Washington Post. At the time there were 150,000 coronavirus cases per day in the country; the number has since dropped by nearly half.

Parts of the country were also recovering from the devastating Hurricane Ida, and California is still dealing with the effects of ongoing wildfires.

Average hourly wages continued to climb in September, with a 17-cent gain to $30.85. Hourly wages have grown for six months in a row as employers look to fill vacant positions.

Employees have been more willing than ever to leave their employers. A record 4.3 million employees quit their jobs in August, according to the BLS.

The leisure/hospitality and professional/business service industries led the way for September job gains with 74,000 and 60,000 jobs, respectively. Retail trade jobs increased by 56,000 jobs after two months of little change.

Editor's note: This post was automatically generated using data from the Bureau of Labor Statistics Local Area Unemployment Statistics (LAUS) program. Please report any errors or other feedback to content@patch.com.

Edisto reef addition features eclectic mix of structures, including Mount Pleasant water tank

What do a barge, a deconstructed water tower, shipping containers and a shark sculpture have in common? They’re all elements of a new addition to an artificial reef off the coast of Edisto Island.Although SCDNR biologists have been constructing artificial reefs for more than 40 years, this year marked a particularly large project with a new partner: Mount Pleasant Waterworks.The water utility donated the water tower from the Old Village area of Mount Pleasant. The tower, built in 1934, was dismantled on July 20. It hadn&r...

What do a barge, a deconstructed water tower, shipping containers and a shark sculpture have in common? They’re all elements of a new addition to an artificial reef off the coast of Edisto Island.

Although SCDNR biologists have been constructing artificial reefs for more than 40 years, this year marked a particularly large project with a new partner: Mount Pleasant Waterworks.

The water utility donated the water tower from the Old Village area of Mount Pleasant. The tower, built in 1934, was dismantled on July 20. It hadn’t held water since 1991 after it was replaced with ground storage tanks. There were community discussions as to whether to fix the tower or dismantle it. However, the structure required massive repairs with an estimate of about $1.2 million to make it safe so the decision was made to take it down.

“Repurposing our Old Village Water Tank as an artificial reef allows us the opportunity to fulfill our mission of protecting the environment,” said Mount Pleasant Waterworks General Manager Allan Clum. “We all have something at stake when it comes to water, and we’re grateful for our partnership with SCDNR as we work together to protect our natural resources.”

Clum said all the structures, including the water tank undergo a rigorous cleaning process to ensure they’re safe to sink as part of a reef.

Onlookers enjoyed low seas and an east wind on September 14 while watching the 250-foot retired barge sink beneath the waves to its new home on the seafloor. It took six hours for the barge to completely submerge.

Within half a year or so, marine life will begin to colonize the barge and fish will school in the area.

“The variety of structures will provide habitat for a diverse array of species,” said Robert Martore, longtime head of the South Carolina Department of Natural Resources’ (SCDNR) artificial reef program. “The open spaces of the container boxes provide a cave-like interior that larger species like snapper and grouper prefer, while the pieces of the water tower create low relief habitat that provide refuge for smaller species and juveniles.”

Artificial reefs play a similar role in the ocean as coral reefs. Manmade structures that are typically placed on areas of seafloor with little natural relief, artificial reefs improve habitat and spawning grounds for fish and marine life – in turn attracting recreational divers and anglers. The environmental benefits of artificial reefs are twofold, as they recycle materials that would otherwise be destined for landfills in addition to expanding critical habitat for offshore fish.

The reef addition also marked another successful project with the Coastal Conservation Association South Carolina, which has provided support for 15 reef projects to date. CCA SC and their longtime partner Sea Hunt Boat Company donated 12 container boxes that were placed on the barge and funded half the costs of the barge itself and towing to the reef site.

The barge was also decked out with a life-sized concrete sculpture of a white shark created by SCDNR biologists. In-house concrete structures are nothing new to the program, which has experimented with creating different shapes and sizes to benefit different fish species over the years.

“But this time, we decided to get creative and create a photo op that scuba divers would enjoy,” Martore said.

About 10 nautical miles offshore, the Edisto 60-foot reef (also known as PA-30) is already a well-developed artificial reef spot popular among anglers and divers. Over 20 structures have previously been submerged there, including a large ship, military vehicles, and rubble from the old Cooper River Bridge.

Wednesday headlines: Federal appeals court keeps SC mask mandate ban on hold

The 4th U.S. Circuit Court of Appeals has denied state Attorney General Alan Wilson’s request that South Carolina’s law prohibiting school mask mandates be allowed to take effect while a lawsuit over the COVID-19 pandemic measure goes forward. More: Associated Press, ...

The 4th U.S. Circuit Court of Appeals has denied state Attorney General Alan Wilson’s request that South Carolina’s law prohibiting school mask mandates be allowed to take effect while a lawsuit over the COVID-19 pandemic measure goes forward. More: Associated Press, The State, The Post and Courier

Meanwhile Tuesday, South Carolina health officials reported 1,248 total cases of COVID-19 with 993 confirmed. A total of 27 new deaths, 26 confirmed, were also reported Tuesday. With 16,007 tests reported, 8.9% were confirmed positive. More: Charleston City Paper, WCSC TV

In other headlines:

Charleston falls to No. 2 in travel magazine small-city ranking. Plagued by rising sea levels and a high cost of living, Charleston was replaced by Aspen, Colorado, in Conde Nast Traveler’s latest Reader’s Choice Awards, released Tuesday. More: Charleston City Paper, The State

S.C. schools to get additional COVID-19 relief funds from feds. South Carolina school districts will have access to $56 million in federal funding to serve vulnerable student populations in the coming weeks. More: The Post and Courier, Greenwood Index-Journal, WCBD TV

Army Corps of Engineers considers nature-based flood control. A new initiative seeks natural flood control solutions as climate change brings increasingly frequent and severe weather events. More: Associated Press/P&C

Multi-purpose venue planned for Mount Pleasant. An indoor entertainment venue could soon be coming to the northern end of Mount Pleasant in the Carolina Park community. More: WCSC TV

To get dozens of South Carolina news stories every business day, contact the folks at SC Clips.

Disclaimer:

This website publishes news articles that contain copyrighted material whose use has not been specifically authorized by the copyright owner. The non-commercial use of these news articles for the purposes of local news reporting constitutes "Fair Use" of the copyrighted materials as provided for in Section 107 of the US Copyright Law.