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Mortgage Broker in Mount Pleasant, 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 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
Mortgage Broker Mount Pleasant, SC
 Refinance Mount Pleasant, SC

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.

 Conventional Mortgage Mount Pleasant, SC

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.

 FHA Mortgages Mount Pleasant, 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 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:
 Home Ready Mortgages Mount Pleasant, 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 Mount Pleasant, 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 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.
 Mortgage Company Mount Pleasant, SC

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, SC

Mount Pleasant family mourns loss of generational home days after Christmas

MOUNT PLEASANT, S.C. (WCIV) — A family is grieving after they lost their Mount Pleasant home to a fire three days after Christmas.Two adult family members are still in the burn unit at a local area hospital, and two kids are recovering at home. The fire started around 8:02 a.m., and officials responded shortly after.The family said they are thankful everyone is safe but are incredibly sad to lose a home filled with generations of memories."When that child called me yesterday and said, 'Nana, the house is on fi...

MOUNT PLEASANT, S.C. (WCIV) — A family is grieving after they lost their Mount Pleasant home to a fire three days after Christmas.

Two adult family members are still in the burn unit at a local area hospital, and two kids are recovering at home. The fire started around 8:02 a.m., and officials responded shortly after.

The family said they are thankful everyone is safe but are incredibly sad to lose a home filled with generations of memories.

"When that child called me yesterday and said, 'Nana, the house is on fire,' all I could do was scream," Victoria Gregg Manigault said.

Mount Pleasant family mourns loss of generational home days after Christmas (WCIV)

Read more: "2 adults, 2 children hospitalized after Mount Pleasant house fire."

The words written on the Manigault home now lost in a house fire are 100 years strong.

"Everything's gone in the house, all of our memories. Everything girl -- everything gone," she said.

She remembers growing up at the end of Venning Road.

"I used to walk by myself down that road to Sunday school -- 7 years old," Manigault said.

Read more: "Reported structure fire closes Fairmont Road in Mount Pleasant: MPPD."

More than nine kids were raised in the same home.

"A lot of my friends from school used to come down on Sundays because mom cooked the best collard greens," Manigault's daughter, Betty Gregg, said.

Three days before the fire, the entire family gathered at the home one last time to celebrate Christmas.

"Just have a big cookout in the yard and get lots of crab and shrimp," Manigault said.

Read more: "1 person transported to hospital after house fire in Mount Pleasant: AMFD."

Relatives walked us through the house, pointing at the spots where they used to sleep as a child.

To them, it's still their forever home.

"It means a lot to us because we call it home. No matter where we go, we always know we could go home," Gregg said.

The family is working to set up a way to receive funds to replace everything they have lost.

The cause of the fire is still under investigation.

$2.4B deal buys 3 South Carolina hospitals, including Mount Pleasant facility

Listen to this articleThree area hospitals have been sold in a $2.4 billion deal to North Carolina-based Novant Health by the previous owner, Tenet Healthcare of Dallas, Texas.The sale of East Cooper Medical Center in Mount Pleasant, Hilton Head Hospital in Hilton Head and Coastal Carolina Hospital in Hardeeville includes the associated physician clinics and other operations, according to a news release from Novant Health.“We are beyond thrilled to welcome our new team members...

Listen to this article

Three area hospitals have been sold in a $2.4 billion deal to North Carolina-based Novant Health by the previous owner, Tenet Healthcare of Dallas, Texas.

The sale of East Cooper Medical Center in Mount Pleasant, Hilton Head Hospital in Hilton Head and Coastal Carolina Hospital in Hardeeville includes the associated physician clinics and other operations, according to a news release from Novant Health.

“We are beyond thrilled to welcome our new team members and grow our presence in South Carolina,” said Carl S. Armato, president and CEO, Novant Health, which is headquartered in Winston-Salem. “Novant Health’s long-term vision is to transform the health and wellness of these communities through expanded specialty services and clinical expertise. We are energized and united behind our cause to create a healthier future together by building connections with patients and clinicians in coastal South Carolina.”

The East Cooper Medical Center includes 15 physician clinics. Hilton Head Hospital includes the Bluffton Okatie Outpatient Center and 12 physician clinics. Coastal Carolina Hospital in Jasper County includes the Tidewatch Free-Standing Emergency Department in Bluffton, according to the news release.

Novant Health said continuity of care is a priority and appointments and procedures will continue as scheduled during the transition period. “We are working closely with our new Novant Health team members to ensure a seamless transition for patients and team members,” Joel Taylor, market CEO of Hilton Head Regional Healthcare, said in the release. “We are eager to move forward together in support of our teams and know decisions will be made with our community’s needs at the forefront.”

“There’s a lot to be excited about when planning for our future,” Tyler Sherrill, CEO of East Cooper Medical Center, said in the release. “Novant Health is known for elevating clinician leadership to provide patients with a trusted health care experience through world-class technology, personal connections and convenient access to care.”

Tenet Health also owns a cluster of imaging centers and urgent care clinics in York, Rock Hill and Fort Mill, but those South Carolina properties were not part of the deal for the coastal hospitals.

“We understand that taking care of our patients starts with taking care of our people, so I’m delighted to join a leadership team that strives to not only be a healthc are provider of choice but also an employer of choice,” Ryan Lee, CEO of Coastal Carolina Hospital, said in the release. “I look forward to expanding the resources available to our team.”

Novant Health supports health and wellness programs in the community, including health education/screenings, community health workers and mobile cruisers. Each year, Novant Health provides hundreds of programs that serve patients, neighbors and some of their communities’ most vulnerable citizens, the company said in the release.

The Novant Health network consists of more than 1,900 physicians and more than 38,000 team members who provide care at more than 800 locations, the release said.

New attainable housing coming to Mount Pleasant community

MOUNT PLEASANT, S.C. (WCSC) - Mount Pleasant’s Carolina Park is expected to see more growth in the coming years after town council approved the final reading of the proposed attainable housing district.The housing development will sit on a 12.64-acre parcel located off of Park Avenue Boulevard and contain up to 100 attainable houses. Prosperity Builders will develop the houses. They previously built another attainable housing development called Gregorie Ferry Towns in Mount Pleasant.Seacoast Church previously owned the la...

MOUNT PLEASANT, S.C. (WCSC) - Mount Pleasant’s Carolina Park is expected to see more growth in the coming years after town council approved the final reading of the proposed attainable housing district.

The housing development will sit on a 12.64-acre parcel located off of Park Avenue Boulevard and contain up to 100 attainable houses. Prosperity Builders will develop the houses. They previously built another attainable housing development called Gregorie Ferry Towns in Mount Pleasant.

Seacoast Church previously owned the land but decided to sell it to developers for this housing district. The community can expect to see the new townhomes in the next two to three years.

“You talk about listening to our community, 10,000 people go to Seacoast and Seacoast made the decision to sell this for this purpose, because it’s best for our community,” Mount Pleasant Mayor Will Haynie said at the town council meeting.

One of the concerns council members said they had heard from citizens was the impact traffic would have in the area. Haynie said at the meeting that even though traffic would increase, it would be far less traffic than if other businesses were built on that land.

“This is the least intense use of that property,” Haynie said.

Mount Pleasant Council member Guang Ming Whitley said this project is privately funded through Seacoast Church and Prosperity Builders, so there are no tax dollars going towards this project.

“I think this is an exciting opportunity for people who work in Mt Pleasant, but can’t necessarily afford to live in Mt Pleasant, to have an opportunity to move and live where they work,” Whitley said.

Whitley also said that they had a representative from Charleston County Schools come to one of their meetings due to concerns about schools becoming overpopulated in the area.

They said that with the expansion of the elementary school that is happening this fall, there will be no issues with overcrowding.

The townhomes will be for sale at around $300,000 to $400,000.

Bill Hoffman, one of the owners of Rooted Bottle Shop, a Carolina Park business off Park Avenue Boulevard shared his thoughts on what the new development might do for the area.

“The fact that they are doing something that’s a little bit different, to help people who can’t afford housing, which is skyrocketing in Mount Pleasant as everyone knows, I think it’s a good thing,” one of the owners of Rooted Bottle Shop, Bill Hoffman says.

Hoffman added that he thinks growth will be good.

Copyright 2024 WCSC. All rights reserved.

Meet the candidates: Mark Flannery

Tell me about your professional background and how you feel it makes you a good fit to be a council member.I've been teaching in Charleston County since 2016. This is my 24th year teaching. The local aspect of teaching, most of my career has been in teaching elementary school, but still the local aspect of working in the community where I live has always been something that I really like. Now I'm in North Charleston, so it's the greater community where I live. I think this is a theme of why I've chosen to run for Town...

Tell me about your professional background and how you feel it makes you a good fit to be a council member.

I've been teaching in Charleston County since 2016. This is my 24th year teaching. The local aspect of teaching, most of my career has been in teaching elementary school, but still the local aspect of working in the community where I live has always been something that I really like. Now I'm in North Charleston, so it's the greater community where I live. I think this is a theme of why I've chosen to run for Town Council because I would like to see Mount Pleasant make its own decisions on a local level and be responsible for them and with citizens participating in the process. I lived in France for seven years and I have a Bachelor of Science in French and psychology and a master's degree in educational technology. I've just always been part of the local community and have worked well with others.

What do you feel is the biggest issue facing the town today, and what plans do you have to address this?

I have a daughter, a six-year-old, and we went to James Island yesterday to go rock climbing in James Island County Park. I would like to see the green spaces improved in Mount Pleasant to make it something where travelers don't have to go across town to go to the (County) Park. I know that there’s a bike path in … Laurel Hill County Park and just a dirt road going in a half-mile circle and there are things that we can put back there that would be places you can take your kids and take your family.

The other thing is I think that health all across the United States is a problem. We pay more for healthcare. We have more healthcare issues related to obesity and diet. I would like to be somebody who spreads the message of healthy eating and healthy lifestyles lead to better lives. We have a great little local market there at Boone Hall...we have the Farmers Market on Tuesday and Boone Hall is open the rest of the week.

The results of the Public Input Matters survey found that throughout all seven districts in town, respondents feel that traffic in Mount Pleasant needs to be improved. What are some concrete solutions that you feel can address this?

The traffic in Mount Pleasant and housing in Mount Pleasant — I don’t know if ‘victims of our own success’ is the right word for it. We have a very unique geography here. We are a virtual island in that there's no shortcuts. There's one way in and one way out. You may come across I-526 or I-26 or you go north towards McClellanville and Georgetown up (Highway) 41. There just isn't room.

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I know that the Town Council has a plan and they've already hired a company to look into certain traffic solutions. As a new council member, I'm not sure if I would be able to offer anything different to what they have already decided on.

Another area Public Input Matters survey takers responded to was housing availability. Forty-one percent of respondents felt that affordable housing options should be increased. How do you feel this can be accomplished?

I think it speaks well to the people in Mount Pleasant that we want things for people like affordable housing, but whether or not there is a feasible solution to providing that affordable housing — where are we going to put affordable housing? It makes sense that people want affordable housing but do they want the affordable housing in their backyard?

I want to live locally, I want to buy locally, want to shop locally, but we can't escape the fact that a lot of our local decisions are made on a state and national and global level. How does Mount Pleasant make affordable housing when the interest rates are 7.75 percent? There are things happening on a national level that we just can't control that can make our job of creating affordable housing next to impossible.

Is there anyone who has served as a role model to you, either from politics, past experiences or family members, that you look to and consider while you run for office?

One thing my dad always taught us was sometimes doing the right thing is the hardest thing to do, but you can take solace in the fact that it's the right thing to do. I am a part owner of a restaurant in Washington, D.C. with my brother Eric and when Washington D.C. decided to impose the vaccine mandate on restaurants … we were the only restaurant in Washington, D.C. to actively say no, we're not going to check people's health papers. It was very hard on my brother to do that, and he's such a big part of the local community. What I just really admired was his courage and even though it financially wasn't the best decision. Financially, it wasn't a great decision, but it was the right decision to make and his principles are something that I truly admire and I try to follow that example in my own life.

Friday is last day for Mt. Pleasant residents to weigh in on for multi-use trails

MOUNT PLEASANT, S.C. (WCSC) - Residents of Mount Pleasant can still provide input on a road improvement project on the Rifle Range Trail and Long Point Trail.The Charleston Moves organization wants Mount Pleasant residents to weigh in on these designs before it’s too late.The Town of Mount Pleasant hosted an in-person meeting to collect community input on the proposed Rifle Range Trail and Long Point Trail segments as part of the Mount Pleasant Way project.For those who could not attend the meeting, online surveys ...

MOUNT PLEASANT, S.C. (WCSC) - Residents of Mount Pleasant can still provide input on a road improvement project on the Rifle Range Trail and Long Point Trail.

The Charleston Moves organization wants Mount Pleasant residents to weigh in on these designs before it’s too late.

The Town of Mount Pleasant hosted an in-person meeting to collect community input on the proposed Rifle Range Trail and Long Point Trail segments as part of the Mount Pleasant Way project.

For those who could not attend the meeting, online surveys are set for residents to vote on.

The goal of the project is to provide safe and efficient infrastructure for everyone to get around the town.

Questions that are featured on the survey ask if the concept is supported and what amenities residents would like to see included in the projects like benches, swings, water fountains and workout stations.

The Long Point Trail would provide continued access between the river crossing and neighborhoods.

The Rifle Range Trail is a proposed multi-use path project that is proposed to run along the west side of Rifle Range Road from the roundabout at Venning Road to Bragg Drive.

Friday is the last day to share your input and click to complete the survey for the Rifle Range Trail and Long Point Trail segments.

Copyright 2024 WCSC. All rights reserved.

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