With 30 years in the industry

Mortgage Broker in Park Circle, SC

Ask us Anything843-478-5612

Quick Quote

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

My name is Dan Crance - Park Circle'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 Park Circle, 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 Park Circle, SC
 Refinance Park Circle, SC

Why Choose Dan Crance As Your Mortgage Lender in Park Circle, 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 Park Circle, SC

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

 FHA Mortgages Park Circle, 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 Park Circle, SC.

Refinancing in
Park Circle, 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 Park Circle, 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 Park Circle, 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 Park Circle, 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 Park Circle, 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 Park Circle 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 Park Circle, SC

Trust Dan Crance

Your Mortgage Lender in Park Circle, 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 Park Circle loves Classic Home Mortgage.

After hours by appointment only. CONTACT DAN

Latest News in Park Circle, SC

North Charleston breaking ground on $20 million makeover of Park Circle

NORTH CHARLESTON, S.C. (WCIV) — Park Circle is officially getting a makeover.The City of North Charleston is breaking ground Wednesday on a $20 million redevelopment project in the center of the community. The work looks to transform the circle.Previously, there used to be a community center, a butterfly garden, a green space and baseball field. But the community center was demolished just a few days ago, with the baseball field torn up as well.City officials say those amenities were outdated and didn’t fit t...

NORTH CHARLESTON, S.C. (WCIV) — Park Circle is officially getting a makeover.

The City of North Charleston is breaking ground Wednesday on a $20 million redevelopment project in the center of the community. The work looks to transform the circle.

Previously, there used to be a community center, a butterfly garden, a green space and baseball field. But the community center was demolished just a few days ago, with the baseball field torn up as well.

City officials say those amenities were outdated and didn’t fit the needs of their citizens today, which leaders hope will change with the completion of this project.

Improvements include a new cultural arts and recreation facility twice the size of the previous building, as well as an all-inclusive baseball field, a 55,000-square-foot accessible playground, and repaving of the walking path around the circle. The playground is expected to be one of the largest on the East Coast.

TJ Rostin, the city’s park and recreation manager, says he believes this will be the first facility of its kind in the Lowcountry and that it will help build a path for more like it in the future.

“This facility is going to be magnificent,” Rostin said. “When we open this, it's going to be one of the most state-of-the-art facilities this region in the Lowcountry has seen in quite some time [and will be something] everybody can have fun with. Just like I said, [the space will] really meet the needs of every citizen we have.”

The redevelopment is expected to take anywhere from 12-16 months, and Rostin says he hopes to welcome North Charleston residents to it by fall of 2023.

While this might be the biggest project to date for the city, it is certainly not the first project leaders have put together, as officials say they are making a commitment to bring more inclusive facilities to North Charleston.

The city just unveiled a new all-inclusive park in the Oak Terrace community in April. They also committed $26 million to improvements the Danny Jones Recreational Complex, which is expected to break ground by the end of the summer.

The new playground that will be built in Park Circle will also be a testing site for external research companies to analyze its impact in the community for future projects.

Rostin says these projects and resources put towards them will help citizens utilize the facilities more, which they hope will lead to more activity in the community.

“We’re starting with the Rec. Department facilities because we know those are the facilities that most people enjoy and use on a daily basis. We're really trying to reach out to every part of our community to make sure what we have and that we're here for them, they can utilize our facilities utilize our programs in any way that they need to,” Rostin added.

North Charleston Mayor Keith Summey said he would have started remodeling the Park Circle area sooner, but the city only received ownership of the land two years ago.

Funds for the project came from taxes and revenue bonds through the tax increment financing district in the city. Funding will also go towards improvements at the Danny Jones Recreational Complex.

The groundbreaking at Park Circle will happen at around 10 a.m. on Wednesday.

$20M project will add new inclusive playground, ball field, community center at Park Circle

NORTH CHARLESTON, S.C. (WCSC) - Park Circle in North Charleston is going to look a lot different over the coming months thanks to a newly-approved multi-million dollar project to build a new community building and an all-inclusive playground and ball field.Right now, the city is in the design-build phase of this project and recreation leaders are hoping to start construction in the next month or two.“We think it’s going to be one of the nicest facilities,” North Charleston Mayor Keith Summey says. “A fie...

NORTH CHARLESTON, S.C. (WCSC) - Park Circle in North Charleston is going to look a lot different over the coming months thanks to a newly-approved multi-million dollar project to build a new community building and an all-inclusive playground and ball field.

Right now, the city is in the design-build phase of this project and recreation leaders are hoping to start construction in the next month or two.

“We think it’s going to be one of the nicest facilities,” North Charleston Mayor Keith Summey says. “A field that can be used by all people and that’s the important part of it. It’s not just having a field that can be used by those with needs to have a special type of ability to use. It’s that it can be something that they can use with other people as well.”

It’s $20 million but one North Charleston city leaders say is well worth it. Inclusive playgrounds typically include things like roller slides and spinners. And the baseball field will be wheelchair accessible and be able to be used by anyone – including those with disabilities.

“I mean my story goes back to my brother-in-law Billy who passed away a few years ago,” Summey says. “Billy had Muscular Dystrophy and always wanted to be able to participate. We never really had any place for that. I think we need to remember, through him and others, what our needs are to prepare for the future. There should be no one that doesn’t have the ability to utilize our park system.”

The new building is going to serve a dual purpose.

“The Cultural Arts department along with the Recreation department is going to utilize that facility,” North Charleston Recreation Director TJ Rostin says. “The Cultural Arts department will be able to do performances. And then the Recreation department will be able to utilize it for community meetings, events and outdoor events.”

Not only are all of these going to be used by the community, the city wants to open them up to another group of people as well.

“We’re also going to get into the school district,” Rostin says. “They have a lot of students in some of the special classes that we would like to be able to provide this facility as an outlet for them to do some programs - collaborate with them.”

The goal is to have the entire project finished by November of 2023.

In addition to this project, North Charleston City Council also approved a $26 million project for a new gym and pool at the Danny Jones Recreation Complex.

Copyright 2022 WCSC. All rights reserved.

$45M in improvements slated for inclusive Park Circle playground

The city of North Charleston will spend $45 million to improve recreational areas in Park Circle, including $20 million to redevelop the interior of a large traffic circle that ushers drivers into the area.Plans include replacing the Felix C. Davis community center, enhancing existing greenspace and adding a ne...

The city of North Charleston will spend $45 million to improve recreational areas in Park Circle, including $20 million to redevelop the interior of a large traffic circle that ushers drivers into the area.

Plans include replacing the Felix C. Davis community center, enhancing existing greenspace and adding a new inclusive ballfield and playground.

The playground will have special safety considerations like ramps and other elements designed to enable children of all abilities to participate, no matter their physical, cognitive, social or emotional development. It will be the city’s second inclusive playground.

Outside the circle, an additional $25 million will go toward replacing the decades-old Danny Jones Recreation Center, located less than a mile away, according to Ryan Johnson, economic development and public relations with the city of North Charleston.

Plans there call for replacing the existing pool facilities with a new indoor aquatic center.

Work is expected to be completed within the next two years, Johnson said. Funding for the project will come from tax increment financing and revenue bonds through the Noisette off-base Tax Increment Financing District.

Right now, the interior of the Park Circle traffic circle houses two baseball fields, the Felix C. Davis community center, butterfly garden and green space where farmer’s markets are held.

“The city has always wanted to make it a more active space than what it is now,” Johnson said. “The goal is to make it more of a place where families and kids go all the time, not just when there's an event like a baseball game or a community meeting. There’s talks about putting in a shed that the farmer's market can go under.”

“(It will be a) huge community improvement,” Johnson added. “I call it a ‘reimagining’ of Park Circle because it will be added amenities and everything will be enhanced inside the circle.”

North Charleston Mayor Keith Summey touted the plans for the interior of Park Circle during his 2022 State of the City address in January.

“Standing today is a building with much community significance and grounds where many have attended events and participated in athletics,” Summey stated in his address. “Our vision is a new state-of-the-art community and cultural center designed for the next 50 years. A Miracle League field and large all-inclusive playground with accessibility for everyone and modern parks and outdoor spaces suitable for hosting markets and civic celebrations.”

Construction on all areas of the interior of the circle will occur concurrently, Johnson said.

A ribbon cutting was held in mid-April for the city’s first inclusive playground in the Oak Terrace Preserve neighborhood adjacent to the North Charleston Creative Arts Elementary school.

Developed by Charlotte-based Cunningham Recreation, the Oak Terrace Preserve playground has wide ramps leading onto playground equipment for wheelchairs, musical instruments like drums, a tandem swing for an adult and child to use together and several sun shades.

That playground was recently named a National Demonstration Site by the PlayCore Center for Outreach, Research and Education, a research company specializing in areas of recreation. The group will collect data from the playground to conduct research findings on its impact in the community.

In addition to the recognition, the city received matching grant funding for up to 50% of the cost of the playground structure — currently estimated at $140,000 in grant funds, according to the city.

The city of North Charleston stated on its website that the Oak Terrace Preserve playground will serve as “a blueprint for other playground designs.”

Johnson said the price of the playground goes up significantly when adding inclusive amenities.

“The surface is quite expensive, as you're putting a soft, kid-friendly surface there, and it just all adds up. Unfortunately, these things aren't cheap,” Johnson said. “You can get a wheelchair up there, it's got roller slides. It's got sensory things for people or kids with autism. It takes into account sensory things, needs for people with physical and mental disabilities and tries to (offer) some type of normalcy and play for everyone. That’s the inclusive model.”

Johnson said a lot of stakeholders were involved in choosing what amenities to add to the interior of Park Circle.

“It was a team effort with staff, council and the community,” Johnson said. “I think if you visit the Oak Terrace Preserve inclusive playground, you'll see kids are out there all the time, and you can see it's well worth the investment.”

North Charleston food and drink scene prospering in Park Circle

NORTH CHARLESTON, S.C. (WCIV) — North Charleston’s Park Circle community is seeing long-time Charleston businesses moving in while current food and beverage spots are working toward increasing customer b...

NORTH CHARLESTON, S.C. (WCIV) — North Charleston’s Park Circle community is seeing long-time Charleston businesses moving in while current food and beverage spots are working toward increasing customer base.

"Since we’ve all returned from the covid pandemic, you can definitely see a lot more volume in this area with the new apartments, the new bars and restaurants, as well as legal and doctors’ offices," John Hunter, general manager of Dig in the Park, said.

Dig in the Park is spending half a million dollars on renovations, while new competitors- like former Charleston staple Tattooed Moose- builds nearby.

That competition is a welcomed sight.

"With all of the new businesses and people putting money back into their businesses, it’s been great for us as a company," Hunter said.

He says one of the area’s bigger supporters is the city of North Charleston.

"It’s changed tremendously from when we first moved into this area to now. You know, they’ve really put a lot of money into restoring this entire park circle area," he said.

"It was not easy at first to get people to invest. But, as it did and more people invest, it encouraged more people to come in," said North Charleston mayor Keith Summey.

Along with the growth comes accolades. Two of Park Circle’s restaurants were recently named to a Yelp's national top 100 restaurants list.

"(It's) a great location that people from all around the Lowcountry like to come to and enjoy either the entertainment, the food, or just having a good time with your friends," Summey said.

With all of this growth, ABC News 4 asked mayor Summey if the area can handle any increased needs for parking.

The mayor said there's free over-flow parking not far from the business district off of Montague.

Along Montague itself, there's nothing that can be done to increase the street parking.

Other parts of Park Circle have to provide their own parking.

Floral business moving to larger location in Park Circle

Toni Reale of Roadside Blooms floral shop in North Charleston has firmly planted her roots in the Park Circle community and is now expanding with a bigger, more permanent shop.Ten years ago, Reale, serving as the CEO, lead designer and creative director, launched her initial entrepreneurial endeavor, an eco-friendly...

Toni Reale of Roadside Blooms floral shop in North Charleston has firmly planted her roots in the Park Circle community and is now expanding with a bigger, more permanent shop.

Ten years ago, Reale, serving as the CEO, lead designer and creative director, launched her initial entrepreneurial endeavor, an eco-friendly event planning and floral design business. She and her sister-in-law hatched the idea for a mobile flower shop, while her husband simultaneously found a 1971 British ice cream truck that just happened to be in Charleston. The combination led to the establishment of Roadside Blooms.

“Park Circle was missing a local flower shop,” Reale said.

The business has bloomed ever since. In 2017, Reale opened a brick-and-mortar location on Chateau Avenue before quickly outgrowing that space and moving two years later to the business’ current 4610 Spruill Ave.

That location quickly became insufficient as well.

But on March 1, Reale broke ground on her new shop in Park Circle’s Mixson mixed-use development. The space will be double the size of the former Spruill Avenue shop.

Reale will also own, rather than lease, this latest iteration of Roadside Blooms.

Collaborations in this project include Reale’s investment partner on the building, Brady Quirk-Garvan, as well as Lindsay Nevin of Flyway, a Charleston company specializing in sustainable design, and local architect April Magill, an advocate of sustainable architecture. Together, they’re developing a new concept where Roadside Blooms will occupy the first floor of a three-story building. Residential apartments will be located above the business.

Reale aims to move operations to the Mixson location by January when her Spruill lease expires.

“I just love this community, and I saw an opportunity to grow this business in the community I love,” Reale said. “I feel this is a really homegrown endeavor.”

Over the years, Reale has cultivated Roadside Blooms from a solo operation to 12 employees, and the latest expansion will likely lead to more hires.

“It makes me proud to support their families with good pay and meaningful work,” Reale said. “As we continue to grow, we’ll need more staff.”

Weddings comprise the majority of Roadside Blooms’ business, with Reale’s professional design team averaging 80 events in a typical year.

The past couple years have been anything but typical though. During the height of the pandemic, weddings were rescheduled, forcing Reale to focus more on the retail aspect, which she had always viewed as a side business.

“I’ve fallen in love with what we’re doing on the retail side,” she said, adding that Roadside Blooms caters to customers looking for something unique and funky.

“Our aesthetic is different. We have a natural, bohemian look to our style,” she said. “We pick all the flowers and designs. No two designs are the same.”

Reale, who previously taught geology at the College of Charleston for 11 years, has always been interested in environmental issues.

“Sustainability is a very big pillar of my business,” she said. “We source all American and locally grown plants. We don’t import plants.”

Giving back is also important to Reale. Every Thursday, Roadside Blooms donates flowers to Amor Healing Kitchen, a nonprofit providing plant-based meals to people facing health challenges. Through her donations, individuals receive a bouquet to accompany their food.

“We compost whatever we can’t donate,” said Reale. “It’s very community-focused.”

Disclaimer:

This website publishes news articles that contain copyrighted material whose use has not been specifically authorized by the copyright owner. The non-commercial use of these news articles for the purposes of local news reporting constitutes "Fair Use" of the copyrighted materials as provided for in Section 107 of the US Copyright Law.