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

My name is Dan Crance - Nexton'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 Nexton, 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 Nexton, SC
 Refinance Nexton, SC

Why Choose Dan Crance As Your Mortgage Lender in Nexton, 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 Nexton, SC

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

 FHA Mortgages Nexton, 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 Nexton, SC.

Refinancing in
Nexton, 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 Nexton, 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 Nexton, 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 Nexton, 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 Nexton, 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 Nexton 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 Nexton, SC

Trust Dan Crance

Your Mortgage Lender in Nexton, 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 Nexton loves Classic Home Mortgage.

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Latest News in Nexton, SC

Agencies to conduct annual hurricane evacuation drill Thursday

CHARLESTON COUNTY, S.C. (WCBD) – State and local agencies will conduct a full-scale hurricane evacuation lane reversal drill on Thursday.While no lanes of traffic will actually be reversed during the drill, the goal is to help law enforcement and the South Carolina Emergency Preparedness Division test lane reversal plans for I-26 and other coastal roadways should an evacuation order be issued at any point during the hurricane season.Law enforcement personnel and traffic control devices will be deployed along I-26 from the...

CHARLESTON COUNTY, S.C. (WCBD) – State and local agencies will conduct a full-scale hurricane evacuation lane reversal drill on Thursday.

While no lanes of traffic will actually be reversed during the drill, the goal is to help law enforcement and the South Carolina Emergency Preparedness Division test lane reversal plans for I-26 and other coastal roadways should an evacuation order be issued at any point during the hurricane season.

Law enforcement personnel and traffic control devices will be deployed along I-26 from the intersection of the 197 mm (Nexton Parkway) and I-26 in Charleston to I-77 and I-26 in Columbia.

The South Carolina Department of Transportation announced in 2020 an updated plan for reversing lanes on I-26, which includes beginning the reversal at a median crossover near the Nexton Parkway, exit 197, rather than I-526 like in past years.

While SCDOT understands this shortens the length of the reversal by 15 miles, they say it is designed to reduce traffic impacts for the Charleston area and be easier for motorists to access the reversed side of I-26.

The drill will begin at approximately 8:00 a.m. through 3:00 p.m.

“This lane reversal exercise is a critically important tool along with planning, communication, and cooperation from our state and local partners,” said SC Department of Public Safety Director Robert G. Woods, IV. “Through this exercise and extensive planning, citizens and visitors to our state can be assured that we are prepared to safely and quickly move residents and visitors inland from the coast in the event an evacuation is ordered.”

“With the ever-increasing popularity of South Carolina’s beautiful coastal region, the number of residents and visitors continues to grow,” Secretary of Transportation Christy A. Hall said. “This makes it critical that we rehearse implementing lane reversals should they be needed during hurricane evacuations. Please watch for our employees and our partners as we conduct this drill.”

State leaders say the preparedness exercise will not interfere with the flow of traffic, intersections will not be blocked, and motorists will be allowed to move freely; however, you are encouraged to drive safely as law enforcement and state personnel will be staged along busy roads.

Those living in coastal communities should use this time to understand their hurricane evacuation zone and the route they would take should an order to leave be given during the season.

Lane reversal simulations will be held on U.S. 21, U.S. 278, U.S. 501 and S.C. 544 in addition to I-26.

State and local agencies are planning for what could be an active hurricane season

CHARLESTON, S.C. (WCBD) – State and local leaders participated in an annual hurricane lane reversal drill on Thursday, working to ensure a smooth evacuation should one be issued this season.“Hurricane season has just begun and will continue on through November 30, so we want to make sure we’re prepared and make sure the public is prepared as well,” said Lance Cpl. Nick Pye with the South Carolina Highway Patrol.Employees with the South Carolina Highway Patrol and Department of Transportation were seen pa...

CHARLESTON, S.C. (WCBD) – State and local leaders participated in an annual hurricane lane reversal drill on Thursday, working to ensure a smooth evacuation should one be issued this season.

“Hurricane season has just begun and will continue on through November 30, so we want to make sure we’re prepared and make sure the public is prepared as well,” said Lance Cpl. Nick Pye with the South Carolina Highway Patrol.

Employees with the South Carolina Highway Patrol and Department of Transportation were seen parked along I-26 during the day-long simulation.

Both sides of I-26 could be completely reversed, giving those living along the coast an easy and faster way of getting out of town if a hurricane threatens our area.

And more options will be offered this year for getting off the interstate than have been available to evacuees in the past.

“In the event that we have a full-scale hurricane reversal we have SLED, DNR protection, and parole, local agencies, throughout the state- it is an all-hands-on-deck. Pretty much everyone is focused on getting people to safety and getting people where they need to be.”

At the Berkeley County Emergency Preparedness office in Moncks Corner, leaders there are also preparing for a hurricane – making sure they are ready for impacts inland, not just along the coast.

“We still have a lot of threats due to the hurricane, especially straight-line winds, tornadoes, or even flooding from rainfall. Especially around the lakes and streams in the upper part of the county,” said Ben Almquist, Berkeley County Director of Emergency Management.

Berkeley County is working to install new weather stations in rural areas to gather accurate real-time data, and upgraded county facilities are going to help during the next emergency.

“The new Emergency Operations Center – now co-located with the 911 center – helps out with our communications tremendously. We’re centralized now in Berkeley County (with) the rest of the government agencies, so everybody is right here when we need them,” said Almquist.

If an evacuation order is issued by Governor Henry McMaster, emergency leaders say it’s best to heed the warning and head out of town.

“We think that this is the best scenario to get people out efficiently quickly and safely.”

The South Carolina Department of Transportation announced in 2020 an updated plan for reversing lanes on I-26, which includes beginning the reversal at a median crossover near the Nexton Parkway, exit 197, rather than I-526 like in past years.

While SCDOT understands this shortens the length of the reversal by 15 miles, they say it is designed to reduce traffic impacts for the Charleston area and be easier for motorists to access the reversed side of I-26.

Those living in coastal communities should use this time to understand their hurricane evacuation zone and the route they would take should an order to leave be given during the season.

Next community in Nexton to break ground

Contributing WriterThe local master planned community named the best in the nation has begun work on another phase, on the way to 7,500 residences. This new phase of the Nexton community in Summerville and Berkeley County is expected to add apartments for rent, hotel, office space and 150,000 square feet of shopping and dining space when it is completely built out over the next five to seven years.Nexton has sold nearly ...

Contributing Writer

The local master planned community named the best in the nation has begun work on another phase, on the way to 7,500 residences. This new phase of the Nexton community in Summerville and Berkeley County is expected to add apartments for rent, hotel, office space and 150,000 square feet of shopping and dining space when it is completely built out over the next five to seven years.

Nexton has sold nearly 24 acres to Charlotte-based Crosland Southeast, which plans to develop the new One Nexton segment in multiple phases, starting this coming summer. The first phase of One Nexton will include 351 new apartments and 37,500 square feet of retail space anchored by a Publix supermarket.

One Nexton is consistent with the mixed-use development philosophy of the larger Nexton community, which sits between Interstate 26 and U.S. Highway 176 and was named the “Master-Planned Community of the Year” in 2021 by the National Association of Homebuilders.

Nexton sold 456 homes in 2020 and another 576 in 2021 to earn a spot on the RCLCO Real Estate Advisors list of fastest-growing planned communities. More than 1,800 homes currently comprise greater Nexton, including 250 under construction.

Located at the northeast corner of Brighton Park Boulevard and Nexton Parkway, the first phase of One Nexton will break ground in the summer and is expected to be complete in the fall of 2024.

“One Nexton illustrates that Nexton continues to be a national leader in modern community design,” said Brent Gibadlo, vice president and general manager of Nexton. “By fostering thoughtful commercial and residential growth along Charleston’s I-26 growth corridor, we can provide everything our residents want and need while cutting down on commute times and improving quality of life by allowing them to live, work and play and shop all within a short walk or drive from their homes.”

One Nexton will include green space, parks and trails that connect to the rest of Nexton. The master plan for the entire Nexton development calls for 50 miles of walking/biking trails; 2,000 of the total 5,000 acres set aside for woodlands, wetlands and open space; and 400 acres of office, commercial and retail.

One Nexton is the latest phase of the community, built one section at a time over the past decade. Originally developed by WestRock, the real estate company that was formed from lumber giant MeadWestvaco. Today, the development is under development by Brookfield Residential, which acquired the previous developer, Newland, last year.

Nexton’s previous phase to begin development was Midtown, five districts built around a central area of shops, restaurants and a wellness center complete with tennis center, lap pool, yoga studio and more. That followed on the heels last year of Downtown Nexton, 100 acres between Sigma Drive and Brighton Park offering the same amenities and walkability.

Charlotte firm to build supermarket, apartments after paying $12M for Summerville parcel

SUMMERVILLE — A Charlotte real estate company recently paid just over $12 million for nearly 24 acres in Nexton where a new mixed-use, grocery-anchored development will be built.Crosland Southeast plans to build a Publix supermarket and 351 apartments on the western side of Nexton Parkway where Brighton Park Boulevard now ends. The property is undeveloped without any streets.The site, called One Nexton, is directly across the road from a planned Harris Teeter supermarket and is less than a mile from U.S. Interstate 26....

SUMMERVILLE — A Charlotte real estate company recently paid just over $12 million for nearly 24 acres in Nexton where a new mixed-use, grocery-anchored development will be built.

Crosland Southeast plans to build a Publix supermarket and 351 apartments on the western side of Nexton Parkway where Brighton Park Boulevard now ends. The property is undeveloped without any streets.

The site, called One Nexton, is directly across the road from a planned Harris Teeter supermarket and is less than a mile from U.S. Interstate 26.

The sales agreement calls for at least 54,000 square feet of retail construction to begin by March 22, 2023, with two more phases and an additional 31,000 square feet of commercial development by one year later.

Publix announced in December it has leased property for the new store, but the Florida-based grocer did not say when construction will begin or how large the store will be.

If the Charlotte firm fails to start construction by the start date, the deed allows Nexton developer Brookfield Residential to repurchase the property at the original sales price.

Construction on the multifamily development is expected to start by late summer, with an opening in 2024.

Future phases will include a hotel, office space, additional retail and more apartments, according to a statement. In all, another 65,000 square feet of retail and restaurant space will be added.

Plans also call for an office core to be developed around One Nexton in about five to seven years.

The new project is part of Nexton’s effort to provide housing, services and job opportunities within its boundaries to allow residents to live, work, play and shop without long commutes, according to Brent Gibadlo, vice president and general manager of Nexton.

“One Nexton will create more employment and business development opportunities for Nexton while also providing meaningful spaces where people can connect and be active,” said Peter Pappas, managing partner with Crosland Southeast.

After One Nexton is completed, it will be connected to a network of parks and trails throughout the 5,000-acre Nexton development where as many as 7,500 homes could be built about 25 miles from downtown Charleston.

At the end of 2021, the subdivision, which is mostly in unincorporated Berkeley County, had 1,675 occupied homes and another 250 sold and under construction, according to spokeswoman Cassie Cataline.

At full buildout, Nexton could be home to 18,750 residents, larger than the current combined populations of Moncks Corner and Hollywood.

Just west of Nexton near the Nexton Parkway interchange at I-26 sits about 1,000 acres annexed by the town of Summerville in 2020. The tract almost abuts the One Nexton site.

It’s approved for up to 700 homes, and plans for the first 177 along Linda Way near Drop Off Drive have been presented to the town. Drop Off Drive is a frontage road between Nexton Parkway and Jedburg Road along the northern side of I-26.

Berkeley County juggling growth and need for new schools

CHARLESTON, S.C. (WCSC) - Growth right now in Berkeley County is exponential.According to the county supervisor, Johnny Cribb, in the last decade Berkeley County grew by 52,000 people. Cribb says that’s the second fastest in the state and the top 1% in the nation.With new developments like Cane Bay, Nexton and Carnes Crossroads, Cribb says they’re playing a tremendous game of catch up. And it’s not just the county, the school district is as well.“It’s basically the fact that some schools are...

CHARLESTON, S.C. (WCSC) - Growth right now in Berkeley County is exponential.

According to the county supervisor, Johnny Cribb, in the last decade Berkeley County grew by 52,000 people. Cribb says that’s the second fastest in the state and the top 1% in the nation.

With new developments like Cane Bay, Nexton and Carnes Crossroads, Cribb says they’re playing a tremendous game of catch up. And it’s not just the county, the school district is as well.

“It’s basically the fact that some schools are overcrowded,” Berkeley County School District’s Board Chair David Barrow says.

Right now, there are 36,000 students enrolled in the Berkeley County School District. Barrow says projections continue to show a growth of at least 700 to 1,000 students per year which is enough students for an entire new school every year.

On one hand BCSD is working to maximize the facilities they already have. But, they’re also looking at ways to fund new capital projects in the areas being developed.

“We basically have prototype models already for the elementary, middle and for the K-8,” Barrow says. “Those are architectural designs that we actually own, so that when we do build another elementary or middle school, we have those prototype plans so it doesn’t cost as much. The growth is there. The plan is there. The prototype models are in place. It’s just a matter of funding.”

Cribb feels new growth should be the one to foot the bill.

“Growth needs to pay for that new school,” Cribb says. “You can’t tell me that the property value of that home and that lot to be able to go to a school within your community. You know, on Daniel Island, their biggest struggle is bike racks, not buses and cars. So whenever you embed a school within a community, they’ll get that tenfold back. So that needs to happen more often.”

Those with the school district say they are working with developers to possibly have land donated for future school locations. They add, while it’s a challenge, they don’t anticipate raising taxes or asking for a new bond referendum at this point in time.

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