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

My name is Dan Crance - North Charleston'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 North Charleston, 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 North Charleston, SC
 Refinance North Charleston, SC

Why Choose Dan Crance As Your Mortgage Lender in North Charleston, 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 North Charleston, SC

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

 FHA Mortgages North Charleston, 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 North Charleston, SC.

Refinancing in
North Charleston, 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 North Charleston, 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 North Charleston, 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 North Charleston, 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 North Charleston, 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 North Charleston 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 North Charleston, SC

Trust Dan Crance

Your Mortgage Lender in North Charleston, 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 North Charleston loves Classic Home Mortgage.

After hours by appointment only. CONTACT DAN

Latest News in North Charleston, SC

35 food trucks unite in North Charleston for annual festival

Food trucks have become a key part of Charleston’s food and beverage industry, but it hasn’t always been that way.Roti Rolls co-owner Cory Burke recalls being one of just four Charleston trucks when he hit the road with favorites like the “Mother Clucker” and “Thurman Murman” in 2010. That’s why he decided to launch the Charleston Food Truck Festival, which will return for an 11th time in May.With 35 food trucks, almost 20 retail vendors and a new North Charleston venue, Burke hopes to ...

Food trucks have become a key part of Charleston’s food and beverage industry, but it hasn’t always been that way.

Roti Rolls co-owner Cory Burke recalls being one of just four Charleston trucks when he hit the road with favorites like the “Mother Clucker” and “Thurman Murman” in 2010. That’s why he decided to launch the Charleston Food Truck Festival, which will return for an 11th time in May.

With 35 food trucks, almost 20 retail vendors and a new North Charleston venue, Burke hopes to build on the momentum from the 2021 festival that was held in the spring for the first time.

“Last year, I couldn’t even believe the turnout,” said Burke, describing the 2021 two-day festival that brought 18,000 people to North Charleston’s Riverfront Park. “It was one of the best vibes we’ve ever had. Everyone was in it together, and I think there’s always been a camaraderie (between) the trucks.”

This year, A Peace of Soul Vegan Kitchen, The Motley Chew, Bangin’ Vegan Eats, & Lobster, Area 51 Foods, La’Son Anchor Grill, Lola’s Lumpia and many more will set up shop in the Tanger Outlets parking lot (4840 Tanger Outlet Blvd.) in North Charleston. The free event will take place from noon-8 p.m. May 21 and 22.

And moving forward, Burke says the festival will be biannual, with the fall fest scheduled for Oct. 22-23. Making the festival free enhances sales opportunities for the trucks, Burke said.

“We started this as food trucks to support food trucks, and the biggest way for us to support food trucks is to not charge admission,” he said.

Since its 2010 debut, Roti Rolls has expanded to Atlanta, where Burke operates another Roti Rolls food truck, mobile bar and brewpub called Best End Brewing Co. With these new spin-offs, Burke is continuing to prove that food trucks can be thriving ventures long-term alongside business partner Alton Ankersen.

They hope the Charleston Food Truck Festival helps newer trucks grow their brand locally.

Last year’s festival was the first time & Lobster owner Rob Cassi, who debuted his New England-inspired truck in 2020, had participated in an event of that size and stature. He’s since added more festivals to the truck’s schedule, shortening his menu for the high-volume events to feature & Lobster’s specialties: Lobster, crab and shrimp rolls, which will be available at the Charleston Food Truck Festival.

For Cassi, the best part of popping up at festivals is the chance to converse and collaborate with other food truck owners.

“The truck community is really cool to be a part of, and it is honestly refreshing to work alongside other great owners,” Cassi said. “I love these festivals because we’re generally all of a mindset that we want everyone to succeed.”

Beverage tents will be stationed throughout the outdoor venue, and vendors will even swing by individual food trucks to serve patrons who are waiting in line; although Cassi says customers won’t have to worry about waiting in line at & Lobster.

“We don’t want to keep people waiting in line,” he said. “I try to keep our wait time to order at a minute and then serving our food to less than 5 minutes.”

For more information on the Charleston Food Truck Festival, go to chsfoodtruckfestival.com.

Coast Guardsman helps boater who crashed into seawall in North Charleston

NORTH CHARLESTON, S.C. (WCSC) - A Coast Guardsmen jumped into action to help an injured boater after a vessel crashed into a seawall near the Federal Law Enforcement Training Center on the Cooper River in North Charleston.The crash happened at around 9:30 p.m. on Friday.“I was outside playing a game of corn hole with some of my fellow classmates when we heard a boat coming by and a loud crash,” Petty Officer 2nd Class Clifford Marshall said.Marshall is currently a student at the training center and is based o...

NORTH CHARLESTON, S.C. (WCSC) - A Coast Guardsmen jumped into action to help an injured boater after a vessel crashed into a seawall near the Federal Law Enforcement Training Center on the Cooper River in North Charleston.

The crash happened at around 9:30 p.m. on Friday.

“I was outside playing a game of corn hole with some of my fellow classmates when we heard a boat coming by and a loud crash,” Petty Officer 2nd Class Clifford Marshall said.

Marshall is currently a student at the training center and is based out of St. Louis.

He said once he heard the crash, he saw the boat up against the seawall and ran inside to tell his superiors to call base security and to call 9-1-1 for help.

He then ran toward the seawall and shimmied for several minutes on the rusted seawall, cutting his hands in the process, to reach the spot where the boat was, being the first person on the scene.

“My hands were about eye high on me,” Marshall said. “My feet were on a knife-edge, and I just had to walk sideways on it for about 100 yards to get out there.”

Once he got there, he said he made sure the boater was the only one on board and assessed the person’s injuries before help arrived.

“After doing some of that, I signaled to the fire boat that was coming in the area where I was at, announced myself as U.S. Coast Guard, told them I was there to help,” Marshall said. “Then, I began assisting them putting the individual onto the backboard and moving them from that vessel onto their vessel after we had to move some of the damage from the boat there.”

Coast Guard Lt. Nathan Ryan, an instructor at the training center, said Marshall’s actions are part of what the military branch stands for.

“The Coast Guard’s motto is Semper Paratus, always ready, and I believe that Petty Officer Marshall’s actions were indicative of that motto,” Ryan said. “We’re always ready. We rely on our training and our instincts that we’ve gathered from that.”

Marshall has since gotten tetanus shots for his cuts, but that doesn’t matter to him -- only that a person in trouble needed help.

“I don’t think anyone else wouldn’t have done that as well if they had that opportunity. Just did my best,” Marshall said.

The petty officer said he was in the right place at the right time and just a Coast Guardsmen doing his duty.

Authorities said the boater suffered significant injuries and was transported to MUSC.

The South Carolina Department of Natural Resources is continuing to investigate the crash.

Copyright 2022 WCSC. All rights reserved.

Enhanced walkways, raised medians among planned improvements for Ashley Phosphate Road

NORTH CHARLESTON, S.C. (WCIV) — Improving safety on a busy local road.South Carolina Department of Transportation officials held a public information meeting Thursday night. They are showing proposed improvements to Ashley Phosphate Road.It is a road infamous for traffic tie-ups and collisions.But SCDOT's goals in improving Ashley Phosphate Road are not just to help with congestion.Improving safety is a top priority.According to SCDOT, from January 2013 to June 2021, there were more than 5,700 vehicle...

NORTH CHARLESTON, S.C. (WCIV) — Improving safety on a busy local road.

South Carolina Department of Transportation officials held a public information meeting Thursday night. They are showing proposed improvements to Ashley Phosphate Road.

It is a road infamous for traffic tie-ups and collisions.

But SCDOT's goals in improving Ashley Phosphate Road are not just to help with congestion.

Improving safety is a top priority.

According to SCDOT, from January 2013 to June 2021, there were more than 5,700 vehicle crashes along Ashley Phosphate Road.

One of those crashes involved Christa Gantt's son. She came to the meeting in the hopes something changes.

"When he called me and said that he had a crash, I was not surprised. Somebody hit him from the back," says Gantt.

She believes Ashley Phosphate Road is just too dangerous.

"I have seen many, many people on the road covered with the white sheet, and it just breaks my heart. They need to do something," says Gantt.

From 2013 to June 2021, there were 16 fatalities along the corridor.

Nine of those were pedestrians.

SCDOT plans to include enhanced and additional pedestrian walkways and install raised concrete and grass medians in place of reversible lanes.

These are lanes where traffic can travel in either direction to make left turns.

"Those left turn lanes are the most dangerous ones, so we try to eliminate those, because those are the ones where people get injured. A lot of fatalities happen with the left turn lanes," says Shawn Salley, Project Program Manager from SCDOT.

Salley says Ashley Phosphate Road is one of the more dangerous roads in the state, and while he has received some pushback about the medians, he assures everyone safety is their priority.

"Our intent is to make it safer, and a lot of times we learn people get accustomed. If they want to go somewhere, they will find a way to get there," says Salley.

Neighbors say they just want to see some improvement.

"From the time we first moved here to now, it has just become a jammed up area, and there have not been any improvements," says resident Charles Traylor.

"I saw that they improved the street from four lanes to six lanes, for the cars, but they did not improve it for the pedestrian or the bicycle riders," says Gantt.

SCDOT is still in the early planning phase, but they say they hope to start construction during the winter of 2023.

“Book Buddies” volunteer program brings dogs & children together at Charleston Animal Society

NORTH CHARLESTON, S.C. (WCBD) – Visiting an animal shelter can often be a loud experience full of barking, whimpering, and people excited to see the animals. But a different kind of noise is coming from the Charleston Animal Society, the sound of reading.Evan Hendrickson, 6, is learning to read by sounding out words. His audience isn’t his parents or a class full of other children, instead, it’s the animals up for adoption at Charlesto...

NORTH CHARLESTON, S.C. (WCBD) – Visiting an animal shelter can often be a loud experience full of barking, whimpering, and people excited to see the animals. But a different kind of noise is coming from the Charleston Animal Society, the sound of reading.

Evan Hendrickson, 6, is learning to read by sounding out words. His audience isn’t his parents or a class full of other children, instead, it’s the animals up for adoption at Charleston Animal Society.

“He’s so excited to come each week,” said his mother, Brittany Hendrickson, who homeschools Evan along with his brother and two sisters.

“I have one that is struggling a lot with many different learning challenges and so he was the one that was like nervous about bringing like would he do it,” said Brittany.

The Hendricksons visit the shelter almost every week to participate in “Book Buddies.”

“I’m going to get emotional. Book Buddies is just it’s incredible,” said Brittany.

The animals at the shelter serve as more than just pets or a potential new family member, they also make the best judgment-free audience for all readers.

“It’s helped my daughter with her confidence and she’s able to read louder and project her voice,” said Brittany.

“I think it helps the dogs get used to kids like being around them,” said 8-year-old Asya, who likes to read to the dogs, too.

“She’s very quiet and so reading to loud dogs in a loud room has been good for her speaking abilities as well,” said Brittany.

I asked Asya what book she thought they liked for her to read to them. “Probably something with animals in it,” she said.

Her brother, Oakley, who is 10 years old says his favorite book is ‘Dog Man.’

“It’s a book … that helps dogs too, cause it says it in it,” said Oakley.

The volunteer program provides much-needed quiet interaction on the adoption floor; for the dogs, it’s a break from the stressful environment to relax and enjoy a story.

“They help us read louder and better and they get used to kid’s reading to them,” said Oakley.

The program gives both the shelter animals and children something to look forward to.

“I think when they see the kids they are like oh, I like these kids, they’re going to sit with me and they’re gonna give me attention and they’re gonna love me,” said Brittany.

For the Hendrickson family, the program goes beyond reading. It’s a lesson of love.

“Anytime that we can get our children to love an animal I think it just touches their hearts so deeply and just makes them a better person, so if I can foster that in all of my kids, I’m good. I think they’re great humans,” said Brittany.

To adopt one of the shelter dogs click here.

Pedestrian bridge key for redeveloping the Navy base nears completion

NORTH CHARLESTON, S.C. (WCSC) - The City of North Charleston is nearing the completion of the Noisette Creek Pedestrian Bridge. When done, it will connect Riverfront Park on the old Navy base with Avenue B North and ultimately Park Circle about a mile away.North Charleston Mayor Keith Summey says completion of the bridge will kick off a new era of development in the area.“It’s a connector that brings both sides of the base together but it brings it together in a way that it can still be separate,” Summey said....

NORTH CHARLESTON, S.C. (WCSC) - The City of North Charleston is nearing the completion of the Noisette Creek Pedestrian Bridge. When done, it will connect Riverfront Park on the old Navy base with Avenue B North and ultimately Park Circle about a mile away.

North Charleston Mayor Keith Summey says completion of the bridge will kick off a new era of development in the area.

“It’s a connector that brings both sides of the base together but it brings it together in a way that it can still be separate,” Summey said. “That’s important because it gives us the capability to have different events and more events at the same time.”

On Wednesday, the city released a video showing the progress of construction nearing completion with much of the infrastructure in place and the iconic double rainbow arches in place.

Summey says there will be expanded areas in the middle of the bridge overlooking the water. He expects it to be completed by July.

“You could have a wedding in the middle of the bridge. You could have a birthday party and people could still walk through the middle, but the expansions are going to be wide enough to have small events over the water,” Summey said. “I think that’s a wonderful experience that nobody else has locally.”

Desiree Fasier lives in the area and was visiting Waterfront Park on Thursday.

She says the park is already a great place for the community gather but adding something like a pedestrian bridge wide enough for weddings would be perfect.

“I love seeing lovers, young and old,” Frasier said. “I think it [park] is highly accessible to a lot of places and that’s what people like. You see all types of people here from all socioeconomic realms and so that’s pleasing to me.”

The bridge is an $8 million project and represents a heavy investment into the old Navy base area. While the double rainbow arches of the bridge currently leads to a lot of vacant land, it’s land the city owns and plans to develop.

“We don’t know exactly what we are going to do. We could actually do a small theatre for small concerts right on the water and then have larger ones actually in the original park setting we developed,” Summey said, referencing Waterfront Park. “Our vision is to see all of this area developed in a cross section of whatever the market calls for but it will have waterfront. So we will have hotels, retails, restaurants, apartment complexes and things that will make this unique to the City of North Charleston.”

The bridge is the first piece of infrastructure to tie the two sides of the creek together.

Summey says it’s the city’s goal to transform the industrial area into a mixed-use development while giving the public access to the Cooper River.

See more on the project, along with renderings of the finished project here.

Copyright 2022 WCSC. All rights reserved.

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