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.
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.
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.
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).
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.
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.
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.
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.
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.
MOUNT PLEASANT, S.C. (WCSC) - What should have been a new chapter in their lives has turned into a nightmare for some Mount Pleasant homeowners. Mold, ventilation problems and structural issues are just some of the complaints listed in lawsuits filed against the builder and HVAC contractor.The Midtown Townhomes by Lennar are one of the newer builds in Mount Pleasant. It’s located off of Hungry Neck Boulevard and they’re listed as luxury townhomes. From the outside, many would think it’s true but neighbors say things ...
MOUNT PLEASANT, S.C. (WCSC) - What should have been a new chapter in their lives has turned into a nightmare for some Mount Pleasant homeowners. Mold, ventilation problems and structural issues are just some of the complaints listed in lawsuits filed against the builder and HVAC contractor.
The Midtown Townhomes by Lennar are one of the newer builds in Mount Pleasant. It’s located off of Hungry Neck Boulevard and they’re listed as luxury townhomes. From the outside, many would think it’s true but neighbors say things have gone wrong.
“I started looking around, I mean opening closets, and I was just like ‘Oh my God,’” Kim Conway, who bought her townhome in 2020, says.
Conway says she was gone last summer for about six weeks. But when she came back, there was mold on every floor.
“My furniture, my bed, my mattress… everything was damp when I came home,” Conway says. “Like my sheets were wet. Everything was wet. And I lived in here for four days like this. And my furniture, these chairs… they had to come in and clean every piece of furniture. Everything. There was nothing left in this house.”
Conway says she had to move into a hotel while Lennar cleaned it up. According to documents from her attorney, it cost about $14,000.
She’s not the only one dealing with issues.
“I need to have the air conditioner work properly so that there’s not too much humidity in the house and it won’t blow constantly,” Karen Tinsley, who bought her townhome in 2021, says. “I think the unit is not the correct type of unit. I have a sink in the kitchen that’s cracked from the factory. I have a water heater that I’ve replaced because the plumber said that it was too small for my unit.”
Tinsley says she’s had problems since day one.
“My oven didn’t work properly. I have a gas stove and it was flickering so they had to go in the attic and make a bigger line for that. And I’ve had cracking of brick on the outside. There’s all kinds of wall problems upstairs. I have a bowed out floorboard and someone came in and said, ‘well we’re going to have to take out the wall because the plate and the wall isn’t attached to the sheetrock.’ So that means they’re going to have to come in and tear out the wall and fix that.
Tinsley says of the laundry list of items she has sent to Lennar to fix only about 25 percent has been done. And she’s wary if they’re actually done correctly. She says the most concerning thing to her, though, is the cracking bricks.
“I have these dreams where that my entire house is falling down from the outside and everything inside is all going to just fall down,” Tinsley says. “It’s like how scary is that? That’s what I’m stressed out about.”
All in all – neighbors just want their new homes fixed and for Lennar and the other companies to own up to the problems. That’s why they filed the lawsuits.
As of Thursday, the lawsuit against the HVAC company, Fogel Services, is pending in Charleston County. A federal court dismissed the lawsuit against Lennar for procedural reasons, but a motion for reconsideration of that dismissal is currently pending. Neither company has responded for a request for comment as of Thursday.
“I think Lennar should accept what they’ve done and they know they’ve messed up these buildings,” Conway adds. “They should fix them. They should be responsible and just fix them. And learn how to build.”
They’re also offering some advice to home buyers.
“I would say don’t rush into buying anything get an inspector,” Tinsley says. “Maybe get two inspectors. Get some advice from other people to go in and look at the history of the place. Don’t rush into a brand new construction because they’re taking shortcuts these days to sell.”
This isn’t the first lawsuit against Lennar. There are more than a dozen listed in Charleston County alone listed on the court’s website dating back more than a decade alleging similar problems.
Copyright 2022 WCSC. All rights reserved.
MOUNT PLEASANT, S.C. (WCSC) - Mount Pleasant leaders are set to discuss the design of a new food, entertainment and public gathering space coming to the town Wednesday night.The space is called Gather Mount Pleasant and it is set to be on Midtown Avenue right across from MUSC Midtown in Mount Pleasant and off of Hungry Neck Boulevard. It is set to be a project that could have an economic impact of more than $30 million. The plans for Gather Mount Pleasant include a unique indoor/outdoor area with different food options, local small bu...
MOUNT PLEASANT, S.C. (WCSC) - Mount Pleasant leaders are set to discuss the design of a new food, entertainment and public gathering space coming to the town Wednesday night.
The space is called Gather Mount Pleasant and it is set to be on Midtown Avenue right across from MUSC Midtown in Mount Pleasant and off of Hungry Neck Boulevard. It is set to be a project that could have an economic impact of more than $30 million. The plans for Gather Mount Pleasant include a unique indoor/outdoor area with different food options, local small businesses, and shops with local crafts.
“An amazing place to be in community with family, friends, co-workers and strangers,” Mack Cross, with Four Oaks Property Group - the development company over the project, says.
Gather Mount Pleasant is modeled after Gather Greenville but this one is going to be much bigger.
“We’ll have complementary uses around it – small offices, small retail spaces, there will be a boutique hotel component here with 36-rooms and an event space,” Cross says.
The space is also going to be able to host live music. But, that’s something neighbors who live at Lennar at Midtown Townes aren’t happy with.
“How do you avoid that?” Tomi Dinkins, who lives at Lennar at Midtown Townes, says. “So you have your AC on maybe you have white noise on and then what do you do next? What’s the next step? Do you have to wear earplugs in your own house to avoid the noise that’s inevitable when you have a place that’s having three to five outdoor music festivals or events. You know, that many times a week. How do you how do you escape? Like, if I’m someone going to a concert? Awesome. I love a good concert, you know what I mean? But then I get to go home. The 72 people that live here, not only do we not want to go to your concerts that are in our front yard, but we also can’t escape them.”
“I want to feel confident in assuming that they didn’t fully know what was happening and how close it was to actual residences,” Dinkins says.
The developer says they have changed their plans a little to try and help with the noise.
“We shifted things further away from the Townhomes a little bit,” Cross says. “And the news right now is the changing noise ordinance in Mount Pleasant – whatever that ends up being when the project is operating is what we’ll comply with. It will be open-air – but the project will kind of frame the courtyard – we like to call it an outdoor room essentially in the middle of the project to a large courtyard. So the structure should help buffer that sound.”
Dinkins also brought up the concern of parking and traffic. Cross says their new plans include a parking lot for the facility.
Gather Mount Pleasant is expected to cost $30 million and the goal is to have it open by early 2024.
The Design Review Board Committee Meeting is set for 5 p.m. Wednesday. To see the proposal, click here.
Copyright 2022 WCSC. All rights reserved.
Famed radio personality and author Earl Nightingale once said, “Our environment, the world in which we live and work, is a mirror of our attitudes and expectations.”What Nightingale meant was that whatever goes on around us becomes what we feel inside, and then what we show to others on the outside. Maybe that why it’s all smiles, dancing and warm-season leisure every Friday evening at the Charleston Harbor Resort and Marina from May to July. How could it not be? The weekly party that features a variety of music, foo...
Famed radio personality and author Earl Nightingale once said, “Our environment, the world in which we live and work, is a mirror of our attitudes and expectations.”
What Nightingale meant was that whatever goes on around us becomes what we feel inside, and then what we show to others on the outside. Maybe that why it’s all smiles, dancing and warm-season leisure every Friday evening at the Charleston Harbor Resort and Marina from May to July. How could it not be? The weekly party that features a variety of music, food and top-notch cocktails takes place at the tip of Patriots Point, just into Mount Pleasant territory, where salty breezes and sunsets are born. There’s arguably no better setting either side of the Ravenel.
The resort’s website states, “The comfortable, nautically inspired décor blends perfectly with the lush private beachfront overlooking the Charleston Harbor and downtown skyline. You’ll love the captivating sunsets over the harbor and soaking in the picturesque views of the Holy City.”
According to Rick Carmean, general manager of event sponsor 105.5 The Bridge, families have been adoring the natural stage and fun-filled festivities for a long time. Rick stated, “People who were coming 21 years ago when all this started are still coming, and now they’re bringing their kids with them. It’s convenient, it’s beautiful, and it’s a lot of fun.”
The small entry fee, amazing sponsors — Charleston Harbor Resort and Marina, 105.5 The Bridge and Ear for Music — and family-friendly feel are the things that have kept patrons flocking to Party at the Point for more than two decades. This year, the party starts on May 6 and wraps up on July 8. Tickets can be purchased ahead of time online or at the gate prior to the event.
The resort is located at 20 Patriots Point Road in Mount Pleasant, where plenty of free parking spots can be found along neighboring roads. If you plan on partaking in the host of beers, wines and cocktails available for purchase, you’ll be happy to learn about the easily accessible Lyft and Uber pick-up and drop-off stations.
For more information, please visit 1055TheBridge.com or Facebook.com/PartyAtThePointCharleston. Also, don’t forget to head over to Red’s Icehouse on Shem Creek for more waterside fun, food, drinks and mingling at the exciting afterparty!
By Lorna Hollifield
MOUNT PLEASANT — The owner of Mount Pleasant Towne Centre has added a neighboring retail site to its growing portfolio of Charleston-area assets.Baltimore-based investment firm Continental Realty Corp. announced April 20 it paid $17 million for Sweetgrass Corner Shopping Center at 1909 Highway 17, near the Isle of Palms Connector.The 90,000-square-foot property is adjacent to the larger Belk-anchored Towne Centre, which Continental bought in 2020 for $147 million.Built on 10 acres in 1999, Sweetgrass Corner has 13 ...
MOUNT PLEASANT — The owner of Mount Pleasant Towne Centre has added a neighboring retail site to its growing portfolio of Charleston-area assets.
Baltimore-based investment firm Continental Realty Corp. announced April 20 it paid $17 million for Sweetgrass Corner Shopping Center at 1909 Highway 17, near the Isle of Palms Connector.
The 90,000-square-foot property is adjacent to the larger Belk-anchored Towne Centre, which Continental bought in 2020 for $147 million.
Built on 10 acres in 1999, Sweetgrass Corner has 13 tenants offering a mix of medical and personal care services, as well as sit-down and fast-casual restaurants.
Its former main tenant, a Bi-Lo grocery store, closed in 2019. The former supermarket space remains vacant
Among the current tenants are Crazy Mason Milkshake Bar, Charleston Sports Pub, Mario’s Peruvian Chicken,Tsunami Japanese Restaurant and ATI Physical Therapy.
“We have already been contacted by several anchor and junior anchor prospects with interest in backfilling the Bi-Lo box,” said Continental’s chief operating officer David Donato. “We will conduct a full marketing program and expect strong demand.”
The real estate firm bought Sweetgrass Corner in an off-market transaction from New Market Properties, an affiliate of Atlanta-based Preferred Apartment Communities Inc.
“Sweetgrass Corner presents a rare opportunity to own a large tract of commercial real estate in a rapidly expanding submarket where we continue to invest,” said Josh Dinstein, Continental’s senior vice president of acquisitions.
He cited a high barrier to entry for new retail developments in Mount Pleasant, which the company believes will increase the value of the newly acquired property.
“Our team expects to create value by upgrading the center over time and implementing a more cost-efficient property management strategy,” Dinstein said.
Continental CEO J.M. Schapiro said all of the company’s properties in the Charleston region have “performed above expectations” and the firm will continue “to aggressively target new assets” in what he called a climate-friendly, growing region with a continuous influx of newcomers and businesses.
The shopping center purchase is the sixth in the Lowcountry for the real estate firm.
In February, the company paid $55.5 million for 175 units in Sweetgrass Landing Apartments at 1100 Legends Club Drive in northern Mount Pleasant. That followed the $28.25 million acquisition the previous month of The Six Apartments, a 92-unit community at 2170 Snyder Circle, about a mile north of Sweetgrass Corner and Towne Centre.
In 2020, Continental bought the 313-unit Central Island Square Apartments on Daniel Island for $91.75 million.
The company also owns West Ashley Shoppes on Orleans Road across from Citadel Mall in West Ashley as well as two apartment communities in Greenville and Bluffton.
In all, Continental owns and manages more than 5 million square feet of commercial space as well as more than 9,000 apartment units in 10 states across the mid-Atlantic and Southeast.
LAKE CITY — One of Lake City’s top employers wants to revise a 27-year-old agreement to permanently preserve wetlands so it can build a warehouse next to its manufacturing plant, sparking opposition from South Carolina environmental groups.Nan Ya Plastics, which makes disposable bottles and other products, asked the Charleston office of the U.S. Army Corps of Engineers for a permit to fill about five acres of freshwater wetlands so it can build the structure.The Taiwanese-owned company said its customers — inc...
LAKE CITY — One of Lake City’s top employers wants to revise a 27-year-old agreement to permanently preserve wetlands so it can build a warehouse next to its manufacturing plant, sparking opposition from South Carolina environmental groups.
Nan Ya Plastics, which makes disposable bottles and other products, asked the Charleston office of the U.S. Army Corps of Engineers for a permit to fill about five acres of freshwater wetlands so it can build the structure.
The Taiwanese-owned company said its customers — including beverage giants Coca-Cola and Pepsico — now require a percentage of recycled plastic.
The proposed warehouse is necessary to keep the used product clean and dry while a conveyor belt feeds the nearby manufacturing facility, Nan Ya said.
If the project isn’t approved, the company said it likely will have to shut down — laying off hundreds of workers.
“Unless we consider simply closing the Lake City facility and moving the whole thing somewhere else — thereby destroying the livelihood of 1,000 families and devastating the local economy — there is no practicable alternative,” said Stan Barnett, a Mount Pleasant attorney who represents the company.
He estimated the company’s Pee Dee plant delivers an annual impact of about $13.4 million to the local economy.
Conservation groups countered that Nan Ya hasn’t looked hard enough to find a site that won’t affect wetlands the company agreed decades ago to preserve into perpetuity.
“They could look at other property in the area,” said Becky Ryon, North Coast office director for the Charleston-based Coastal Conservation League.
The proposal currently before the Army Corps would revise a 1995 permit that allowed a $300 million expansion of the Nan Ya plant at Beulah Road and U.S. Highway 52. At the time, the company agreed to preserve about five acres of freshwater wetlands, which it previously agreed to in a pair of deed restrictions, environmentalists said.
In exchange for permission to fill the wetlands, Nan Ya has proposed buying credits in the Carter-Stilley Wetland and Stream Mitigation Bank in Horry County that would double the regulatory requirement.
This is the second time in as many years that Nan Ya has asked to revise the permit. In 2021, the company proposed buying credits in the mitigation bank in exchange for permission to fill wetlands at its Florence County property. The Army Corps, at that time, said the proposed remediation was inadequate.
Ryon of the Coastal Conservation League said the latest offer to purchase more mitigation bank credits is “a change in the right direction,” but the plastics manufacturer ultimately should live up to its promise to preserve the wetlands.
“And I don’t think they’ve done a proper threatened and endangered species survey to see what impacts there could be to endangered species,” Ryon said, citing a colony of red-cockaded woodpeckers located about a half-mile from the proposed warehouse site.
Barnett said the planned expansion poses no threat to the birds, because no colony is on the property and it’s not a foraging or nesting site for the species.
The Southern Environmental Law Project, in a May 16 letter to the Army Corps, said Nan Ya’s promises to protect wetlands have been disingenuous.
The company “has promised on at least three separate prior occasions to protect wetlands on its property in exchange for something of benefit to them and when it benefitted them to do so,” Emily Nellermoe, a staff attorney for the group, said in the letter.
Nellermoe said the longstanding deed restrictions are “clear that wetlands” on Nan Ya’s property “are to be protected forever.”
The Pawleys Island-based law group is asking the Army Corps to hold a public hearing on the company’s request and suggested that the federal permitting agency conduct a formal environmental study.
Barnett, the company’s attorney, said the May 16 letter is an almost word-for-word copy of a letter environmentalists submitted to the Army Corps after Nan Ya submitted its 2021 permit application. He told the Army Corps at that time the letter “lacks any factual basis” and includes unsupported claims, such as another location hasn’t been explored.
Nan Ya told the agency that several alternatives were studied but the warehouse must be next to the manufacturing site, otherwise it would cost $350 million to relocate the entire plant. According to Barnett, that would “render the Nan Ya ... facility unsustainable economically and it would close.”
The public comment period for Nan Ya’s request expired last week. Army Corps spokeswoman Glenn Jeffries said the agency has not determined a timeline for making a decision on the permit application, which was filed this month. She said the agency is reviewing the law project’s letter, including the request for a public hearing.
“Since we just received the request only four days ago, we have not made a decision on that request,” Jeffries said last week.