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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

Leading plan for I-526 and Wando port traffic in Mount Pleasant adjusted after uproar

South Carolina’s initial plan to improve traffic on Interstate 526 and the Long Point Road interchange in Mount Pleasant was met with an outpouring of public opposition, and that’s prompting the state to make revisions.The road work is critical for operations at South Carolina’s busiest port, the Wando Welch Terminal at the end of Long Point Road, and for traffic relief at the busy interchange.The plan calls for new elevated ramps to and from the interstate dedicated to port trucks, and a version presented to ...

South Carolina’s initial plan to improve traffic on Interstate 526 and the Long Point Road interchange in Mount Pleasant was met with an outpouring of public opposition, and that’s prompting the state to make revisions.

The road work is critical for operations at South Carolina’s busiest port, the Wando Welch Terminal at the end of Long Point Road, and for traffic relief at the busy interchange.

The plan calls for new elevated ramps to and from the interstate dedicated to port trucks, and a version presented to the public in 2022 showed that building those ramps could require the demolition of two or three homes in the Tidal Walk subdivision. The subdivision sits along the north side of I-526.

Nearly 540 people submitted comments about those plans in the fall and 59 percent opposed the proposed elevated port ramps, while just half supported the S.C. Department of Transportation’s favored plan known as Alternative 2.

S.C. Department of Transportation Project Manager Joy Riley said the responses showed that people in residential communities north of the interstate were against the proposed elevated ramps and favored keeping port truck traffic on Long Point Road. Unsurprisingly, those living in communities between the highway interchange and the port favored the new ramps, which would remove truck traffic from Long Point Road.

The plans were revised following the survey results, and those changes were outlined at an invitation-only “stakeholders meeting” at the end of November, which included homeowner associations and business owners, plus elected officials and SC Ports representatives.

The revised plans still call for elevated truck ramps, but no longer impact Seacoast Parkway or homes in the Tidal Walk subdivision. Riley said DOT also feels “pretty confident” that an analysis will justify noise walls along the north side of I-526, addressing another concern among residents.

“Noise has always been the number one concern in our neighborhood, along with not wanting any neighbors to lose their houses,” said Grassy Creek resident Lee Lazarus, who has spoken at public meetings about the plans. “Supposedly we’re going to something like a 20-foot wall.”

Under state law, DOT would need Mount Pleasant’s consent for the project. Riley said the town’s approval would likely be sought after another round of public comments following a meeting planned in March, which could prompt more refinements to the plan.

Mayor Will Haynie said the recent revisions addressed the town’s main concerns.

“People were going to lose their homes, and we are very happy that we’re not going to see that,” he said. “Not that there’s no room for improvement — such as turns onto Belle Hall Parkway — but the parts affecting neighborhoods in a major way have been addressed.”

The Belle Hall Parkway issue involves the planned elimination of left turns from Long Point Road to the parkway, where a Waffle House restaurant is located.

That may sound like a small detail, but the parkway is the main entrance to the large subdivision. The elimination of left turns would mean that anyone coming from the interstate would need to drive past the subdivision’s main entrance, then turn on a different road and double back.

Riley said DOT is still looking at alternatives that would allow for left turns there, but so far has not resolved the issue.

The work at I-526 and Long Point Road would be a large road project on its own, but it’s just a small part of the roughly $7 billion Lowcountry Corridor plan to widen the interstate from West Ashley to Mount Pleasant and redesign the interchange of interstates 526 and 26 in North Charleston.

The I-526/Long Point Road project is being addressed in the early years of the larger project partly because traffic has overwhelmed the interchange, and port-related truck traffic regularly backs up on the interstate while trying to exit at Long Point Road.

“It’s a failing interchange because it just cannot process the number of people who are trying to turn left to get to Mount Pleasant, and you have trucks continuously clogging up the interchange as well,” Riley said.

And traffic is expected to increase significantly by 2050.

The next public hearing on the project is tentatively scheduled for March 14, though a time and location have not been announced. The recommended plan, potential impacts on properties, and an analysis of where noise barriers are warranted are among the information that should be presented then.

Until then, “we will be working diligently to assemble the environmental document and move through some critical Federal Highway reviews of our traffic analysis and designs,” Riley said. “All this must be approved before we hold the public hearing in March.”

The leading plan, Alternative 2, would require an estimated 28.5 acres of right of way involving 98 properties, some of which are home to businesses, but no houses. Construction work on the road plan is anticipated in the spring or summer of 2024 and to finish in 2027 or 2028.

Meanwhile, information about the project can be found online at 526lcclongpoint.com, the project team can be emailed at info@526LowcountryCorridor.com, or contacted by regular mail to the attention of Joy Riley, PO Box 191, 955 Park St., Columbia SC 29202-0191.

Mt. Pleasant to vote on $50M in bonds for parks referendum

Tens of millions of dollars in taxpayer money could soon be used for future park projects in Mount Pleasant from November’s referendum that passed by 700 votes.MOUNT PLEASANT, S.C. (WCSC) - Tens of millions of dollars in taxpayer money could soon be used for future park projects in Mount Pleasant from November’s referendum that passed by 700 votes.A total of $50 million could be used for future projects in the town, and council are set to vote on the measure’s first reading.The referendum increases prop...

Tens of millions of dollars in taxpayer money could soon be used for future park projects in Mount Pleasant from November’s referendum that passed by 700 votes.

MOUNT PLEASANT, S.C. (WCSC) - Tens of millions of dollars in taxpayer money could soon be used for future park projects in Mount Pleasant from November’s referendum that passed by 700 votes.

A total of $50 million could be used for future projects in the town, and council are set to vote on the measure’s first reading.

The referendum increases property taxes for the next 15 years. The money will be used to build new ballfields, tennis courts and fix up old fields and facilities.

“When I coached, I coached for 37 years, I’d have to go over to Sullivan’s Island to play in that field next to the hill because there were no fields available for me to practice over here,” Councilmember Gary Santos said. “We needed to fix some of our facilities, our pools that are really old and dilapidated, so to speak, so and not only that, we have parents that have to take their kids over to North Charleston to play other Mount Pleasant teams, and that should not happen.”

Just off Rifle Range Road sits 145 acres of land the town currently uses as greenspace.

As part of this referendum, the town wants to turn 25% of the land into ballfields and tennis courts while keeping the rest as a wooded area.

However, not all locals want to see the land developed…

“For me, I find a lot of enjoyment in the woods, and there aren’t many spaces around Mount Pleasant that are like this protected patch of woodlands,” neighbor Amy Cyzman said.

Neighbor Daniel Brownstein said if the referendum didn’t pass, the park at Rifle Range may have never had enough money to start construction.

“I have two young kids, and they’re very involved in sports and the arts,” Brownstein said. “I really wanted to see this park come to fruition after all these years.”

Santos said the town hasn’t kept up with demand for parks and greenspace as the population nears 100,000.

He said they’re hoping to start construction on the planned park at Rifle Range in the coming months and already working on fixing some ballfields.

“It’s kind of a balance, and that’s what life is all about,” Santos said. “It’s about balance, and that’s what we’re doing now. We’re trying to put some balance in there, so everybody can have a little piece of something that they want.”

Copyright 2022 WCSC. All rights reserved.

Furry critter finds its way inside Mount Pleasant couple’s commode — but how?

MOUNT PLEASANT, S.C. (WCBD) – Imagine the surprise when a Mount Pleasant family discovered a furry critter inside their commode — but how did it get there?It all started when Christina Springston said she heard what sounded like water dripping from the toilet tank. “The sound escalated to light splashing so I knocked on the tank and was relieved when it didn’t knock back, yet the sound persisted,” she said.Springston teamed up with her husband to investigate the issue.“He sheepishly li...

MOUNT PLEASANT, S.C. (WCBD) – Imagine the surprise when a Mount Pleasant family discovered a furry critter inside their commode — but how did it get there?

It all started when Christina Springston said she heard what sounded like water dripping from the toilet tank. “The sound escalated to light splashing so I knocked on the tank and was relieved when it didn’t knock back, yet the sound persisted,” she said.

Springston teamed up with her husband to investigate the issue.

“He sheepishly lifted the tank lid and we reluctantly peered inside. Nothing. There wasn’t anything in there,” she said.

But after Springston began to walk away, the woman said she turned back around to discover her husband in a state of shock: “’It’s in the toilet bowl’ he said, and it has fur and it’s alive,” she recalled.

The family’s dog – a one-year-old lab – was on high alert certain that something was inside the toilet bowl. So, the couple called their landlord to explain that something was alive inside their commode, and not sure how it got there. “We always leave the lid down,” Springston assured.

Springston said she was met with silence as she explained the situation to her landlord before finally hearing, “well, that’s a new one” in response.

The landlord arrived with equipment to help fish out whatever may be inside the commode only to discover a squirrel was trapped inside.

“Unfortunately, the squirrel’s story did not end well but we have determined that he made it down the vent stack on the roof, which ultimately connects to the toilet,” she explained.

The roof stack, or vent stack, is a vertical drain line that goes through your home’s roof to reach the outside. “It connects with your main roof vent, allowing gases to vent and maintain the proper pressure within your home’s plumbing system,” according to plumber A.P. May.

Springston, who has long worked in the Building Inspections Division for the Town of Mount Pleasant, said the problem could have been prevented if the roof stack was covered. “It will be now,” she exclaimed.

She said that inspectors who have worked in that department for more than 20 years have never heard about something like this happening.

Town’s recent hire tasked with bringing more jobs, housing to Mount Pleasant

It’s no secret that business is booming in Mount Pleasant, with ribbon-cutting and groundbreaking ceremonies happening left and right. The Town of Mount Pleasant recently hired Matt Brady as the new economic development manager at the start of November. It will be his responsibility to support business growth and development in the town.Brady is the first and only person in the municipality focused solely on economic development, a role that was previously the job of several town staff members, with no one dedicated to the job f...

It’s no secret that business is booming in Mount Pleasant, with ribbon-cutting and groundbreaking ceremonies happening left and right. The Town of Mount Pleasant recently hired Matt Brady as the new economic development manager at the start of November. It will be his responsibility to support business growth and development in the town.

Brady is the first and only person in the municipality focused solely on economic development, a role that was previously the job of several town staff members, with no one dedicated to the job full-time. Before this role, he worked as the economic development director for the City of Goose Creek for five years and was the first person to serve the city in that role, too.

“With Matt and his talent working this strategy every day, we hope that it’s going to make Mount Pleasant an even more dynamic place to live and do business,” said Mount Pleasant Town Administrator Eric DeMoura. “The business community is of extreme importance to us and we want to do everything we can to support it.”

Brady will be responsible for implementing the key needs of the town as identified by the economic development strategy, developed by third-party consulting firm SB Friedman earlier this year.

At the top of the list was attainable housing, and attracting and attaining good, high-paying jobs. According to the economic development strategy, only 26% of town residents work within Mount Pleasant.

“One of the simplest definitions of economic development is wealth creation distributed equitably. That’s what we want to do. It’s a cliché, but a ‘rising tide lifts all boats,’” Brady said. “We want people who have to leave town to work their job to be able to slash the commute and work at a wonderful, good-paying, good benefits firm right here in town.”

The undeveloped Faison Road property, purchased by the Town for roughly $6.5 million in 2021, has been at the center of the attainable housing question. A handful of firms submitted plans for the property in September, a majority of them including plans for attainable housing units. Brady will be the town’s “chief representative” in selecting a group or firm to develop the property, DeMoura said.

The project has not yet been awarded to a firm, though three firms presented their proposals to the council in a special town council meeting on Nov. 1. Brady, who serves on a technical committee for the Charleston Metro Chamber of Commerce’s attainable housing coalition, said that attainable housing isn’t an issue exclusive to Mount Pleasant.

“Attainable housing is a question that is kind of swirling around the entire region,” Brady said. “Being able to support your workforce in that way is an important component of economic development and it will continue to be a very important part of economic development.”

A major part of Brady’s job will be attracting high-paying jobs to Mount Pleasant, as well as being a resource for already-established businesses in the town. The economic development strategy targets jobs in the informational technology (IT) and life sciences sector as desirable industries to bring to Mount Pleasant. Brady said he also wants to focus on entrepreneurship and innovation.

“I think it’s important to recognize that we have a lot of great businesses that are in town already. We truly appreciate them, and the Town is here as a resource for them as well. That goes for small businesses up to large firms that have hundreds of employees. We want to do everything we can to help them grow and expand their presence in Mount Pleasant,” Brady said.

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Mt. Pleasant firefighter scales USS Yorktown to propose to girlfriend

MOUNT PLEASANT, S.C. (WCIV) — The season of joy and celebration is taking on new meaning for one Mount Pleasant firefighter.Nick Putskey proposed to his girlfriend, Katey Young, a teacher at Westview Primary Elementary, Thursday afternoon surrounded by family and friends atop the USS Yorktown.“We’ve been on the same page since day one,” Young said when asked about meeting Putskey. “It’s the true fairytale.”The proposal was somewhat of a fairytale, as well.“My battali...

MOUNT PLEASANT, S.C. (WCIV) — The season of joy and celebration is taking on new meaning for one Mount Pleasant firefighter.

Nick Putskey proposed to his girlfriend, Katey Young, a teacher at Westview Primary Elementary, Thursday afternoon surrounded by family and friends atop the USS Yorktown.

“We’ve been on the same page since day one,” Young said when asked about meeting Putskey. “It’s the true fairytale.”

The proposal was somewhat of a fairytale, as well.

“My battalion chief was actually the masterplan of the whole idea,” Putskey said. “He said, ‘what do you have as an idea as far as an engagement?’ He was just like, ‘well, hear me out, see if you like this’ and I was like ‘yeah, that sounds awesome.’”

The plan was to scale the USS Yorktown, a nod to Putskey’s time spent in the Navy, as well as both of Young’s grandfathers.

The perfect front? Claim it as fire station training.

“We had ‘high-rise training,’ if you will,” Putskey said. “So that’s where climbing the ladder came into play.”

Young’s family was also in on the plan.

“It was actually under the guise as Santa for all of the grandkids,” Young explained. “We were going to take a picture with Santa. He was supposed to be flying in on the Yorktown.”

There was no Saint Nick in sight, but Nick Putskey had the ultimate present in hand.

“I was clueless until he got down on one knee and I was like, ‘what are you doing?’” Young said. “I did say yes, it just took a second because I was like, ‘I thought Santa was supposed to be here, and he was like ‘no!’”

Putskey and Young admit emotions were high, and for Putskey, there were plenty of nerves.

“I’m afraid of heights, so climbing a ladder was not fun,” Putskey said. “My foot actually slipped though the ladder because I was just getting so nervous.”

But the mission was a success.

“It couldn’t have gone any better,” Young said. “It was a really special moment, for sure.”

Putskey said it was a moment made possible by the bond of brotherhood.

“They were exactly how I wanted them to be,” Putskey said. “They were just like my extended family and I’m really grateful for that. It is truly the brotherhood of the fire service.”

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