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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 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

Space, parking issues spur restaurant’s move off peninsula

The booming Park Circle area in North Charleston will add another restaurant Feb. 8 when Tattooed Moose officially opens its new location at 4845 Chateau Ave.The move is one in a series of restaurant openings in the area. Paddock & Whisky and newcomer ...

The booming Park Circle area in North Charleston will add another restaurant Feb. 8 when Tattooed Moose officially opens its new location at 4845 Chateau Ave.

The move is one in a series of restaurant openings in the area. Paddock & Whisky and newcomer Three Sirens opened their East Montague Avenue doors in recent months.

The Tattooed Moose, hailed for its duck fat fries, announced in August 2021 it would move from the upper peninsula’s Morrison Drive location to Park Circle.

A lack of parking and the need for a larger space to host events like oyster roasts are reasons for the move, said Megan Ladd, marketing director for the restaurant group owned by Mike and Jen Kulick. Their portfolio also includes the Tattooed Moose on Johns Island and Caroline's Aloha Bar in West Ashley.

The Tattooed Moose West Ashley location in the Citadel Mall permanently closed in June 2020.

“We have had a great run downtown and we were one of the first restaurants in that area, and we sort of outgrew the space in that area and parking had become an issue down there,” Ladd said. “They're building a hotel right next door (on Morrison Drive). You have to figure all of the construction with trucks and everything that comes with that, it was just going to be a lot when people are already kind of fighting for parking down there and parking is one of the main complaints that we've had in the location.”

The new space in Park Circle, which was formerly an office building, has its own parking lot and room for both indoor and outdoor stages as well as a large area outdoors for events, Ladd said.

“It's a huge building; it might be even bigger than our Johns Island location,” Ladd said. “We saw the opportunity in this building out in Park Circle, and (that area), it’s growing.”

The downtown location’s last day will be Jan. 23 with a music showcase of all the bands that played there regularly. From there, management will take two weeks to move equipment and other items to the new restaurant.

Ladd said most of the staff from the downtown location will move to Park Circle and more people will be hired to accommodate the larger restaurant space.

The Park Circle location required an extensive buildout of the former space that previously housed several businesses, including King of Pops and a music studio.

“We tore down all of those studio spaces and made it into one big space,” Ladd said.

A large, colorful mural of a monster’s face by Charleston artist Patch Whisky remains on the outside of the building.

Supply chain issues for building materials and refrigeration delayed opening day, which had previously been announced for November 2021 on social media.

“It has taken the longest to get the refrigeration equipment,” Ladd said. “Usually, we would do a soft opening if it was a brand-new place, but because we're going to be pulling all of the staff from downtown, we’re just going to open.”

The restaurant’s opening will come about a month before the annual Park Circle Saint Patrick’s Day celebration, an event that brings thousands to the street festival.

“We're going to blink and it’s going to be here,” Ladd said.

A job fair will be held at the Park Circle location from 10 a.m. to 7 p.m. Feb. 1 for anyone interested in employment.

Quarterra Multifamily Tops Off South Carolina Community

Quarterra Multifamily, a subsidiary of Lennar Corp., has topped off its South Carolina mixed-use development. Cormac, located on Charleston’s upper peninsula, is a 303-unit community featuring 13,086 square feet of retail and restaurant space.The asset, found at 1310 Meeting Street Road, is the first joint venture between QMF and Cresset Real Estate Partners. Cresset Diversified Qualified Opportunity Zone Fund I provided capital for the property. According to Yardi Matrix data, ...

Quarterra Multifamily, a subsidiary of Lennar Corp., has topped off its South Carolina mixed-use development. Cormac, located on Charleston’s upper peninsula, is a 303-unit community featuring 13,086 square feet of retail and restaurant space.

The asset, found at 1310 Meeting Street Road, is the first joint venture between QMF and Cresset Real Estate Partners. Cresset Diversified Qualified Opportunity Zone Fund I provided capital for the property. According to Yardi Matrix data, there is also a 2020 construction loan on the property for $65 million, held by Santander Bank.

“Cormac is designed to not only introduce a next-level living experience in the up-and-coming NoMo district but also to function as a true extension of neighborhood,” Jeff Harris, division president of Carolinas at Quarterra, told Multi-Housing News. “With more than 13,000 square feet of retail and dining space and two public courtyards on the ground level, we envision Cormac as an interactive hub in the community. One of the building’s highlights is an eighth-floor rooftop terrace that enables residents to soak in incredible views of downtown Charleston and Ravenel Bridge. Charleston has incredibly rich history and culture and has emerged as a destination city for regional employers. At Cormac, we really do love where we’re at, and we’re excited to contribute to the transformation of this remarkable neighborhood.”

Situated in North Morrison, also known as NoMo, Cormac is less than a quarter mile from Interstate 26 and in proximity to downtown Charleston, Park Circle, West Ashley and Mount Pleasant. Local frequented spots include Butcher & Bee, Historic Charleston City Market, Home Team BBQ and retail shopping at King Street. Music venues such as the Credit One Stadium, Charleston Gaillard Center and TD Arena are in the area.

Cormac apartments will feature a three-story above ground parking garage, rooftop with butler kitchen, courtyards, rentable podcast studio, pool and fitness center. The studio, one- and two-bedroom units will include keyless entry, smart thermostats and in select units, kitchen islands.

Leasing for Cormac is anticipated to begin in fall 2022.

South Carolina Real Estate

According to the National Association of Realtors, Charleston is identified as one of the top 10 markets to withhold through COVID and is expected to retain this high performance. The South Carolina housing and rental market is expected to see further growth and price increases throughout the year.

Other firms investing in South Carolina real estate include Monarch, investing in two affordable housing projects, and IMG acquiring a Central asset.

Build community around plants

Quite often at Roadside Blooms, new customers will come in who have just moved to the area to rebuild or add to their indoor plant collection. We love learning about where they are from, what brought them here, and what plants they were able to bring and what plants were tough to leave behind. They all have stories and their faces light up when they talk about their plant collection and those on their bucket list. Frequently, we are asked how transplants can meet other plant-minded people so they can begin creating their new community here....

Quite often at Roadside Blooms, new customers will come in who have just moved to the area to rebuild or add to their indoor plant collection. We love learning about where they are from, what brought them here, and what plants they were able to bring and what plants were tough to leave behind. They all have stories and their faces light up when they talk about their plant collection and those on their bucket list. Frequently, we are asked how transplants can meet other plant-minded people so they can begin creating their new community here.

There’s something so innocent about connecting with others over a shared love of plants. Discussions of plant care, plant issues, dream plants, plant sales, propagation techniques and more break down any barriers to otherwise connecting.

Facebook groups are plentiful when it comes to locals exchanging ideas. My favorites include Lowcountry Plant Hobbyists and Lowcountry Plant Swap. In these groups, people are kind and encouraging. There is no judgment on these pages and I’ve seen really beautiful connections happen. One example: Years ago someone lost their whole indoor collection due to a house fire. People came out of the woodwork to offer cuttings and whole plants to help them restart their collection acknowledging that plants do, in fact, make people happy and can help heal from traumatic events such as losing everything in a fire.

Plant swaps organized on these pages typically happen on a single day where people bring a plant to the event, can pick a plant and meet other people. There are other swaps like this one organized and hosted by Park Circle resident Glenn Cabaley — a hand-painted kiosk that’s a take-a-plant, leave-a-plant opportunity.

If there’s not one of these in your neck of the woods, why not start one?

There also are Facebook garden clubs in many neighborhoods and parts of town sharing tips and plants for the outdoors. A quick search will offer nearby options.

Newcomers frequently comment on how different the flora are here and how different it would be to start a garden in terms of planting times and seasonality.

If you are looking to start a garden here and the climate is different from what you are used to, we highly recommend Rita’s Roots Garden Grower’s Club. It is packed with so much content, opportunities to ask questions and chances to connect with a members’-only page that will help you start gardening like a Lowcountry native. Rita can also be hired for at-home assessments, consultations and even help build your vision.

The Charleston Horticultural Society, founded in 1999, offers a lecture series, native plant sale event and an informative newsletter that tells you what you should be doing in your garden that month.

Many neighborhoods have their own community gardens and what better way to meet new neighbors than to get involved, volunteer and share in the bounty. Search for one online or ask a neighbor.

The Green Heart Project offers many volunteer opportunities to help build and maintain urban gardens at schools. These gardens help enrich students’ STEM experiences and connect them to how food is grown.

For indoor plant enthusiasts, Roadside Blooms offers an in-person plant series called Plantmate. It’s held twice a year and is a four-month plant club in which each class offers a new more challenging plant to help build skills and confidence. Participants learn about its natural history, how to care for and propagate it. Before and after class, participants mingle and get to know one another.

There are lots of opportunities for single-event indoor plant workshops. In addition to Roadside Blooms offerings that are held in-shop and at local breweries, Plant House in Mount Pleasant offers interactive workshops and walk-in DIY terrarium building. Abide a While also offers workshops of all kinds almost year round.

Whether you are new to the area or were born here, it’s never too late to engage with your community and to meet new friends. Plant communities are filled with kind and encouraging people of all ages and backgrounds and would be a great place to build new friendships.

Toni Reale is the owner of Roadside Blooms, a unique flower and plant shop in Park Circle in North Charleston. It specializes in weddings, events and everyday deliveries using nearly 100% American- and locally grown blooms. Online at roadsideblooms.com. 4610 Spruill Ave., Suite 102, North Charleston.

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North Charleston holding meeting on Park Circle development

NORTH CHARLESTON, S.C. (WCSC) - The City of North Charleston is holding a drop-in informational meeting Monday regarding community development within Park Circle, as progress on the area’s redevelopment continues.The meeting will be held from 5:30 p.m. to 7 p.m. at the Park Circle Gallery. TJ Rostin, recreation director for the City of North Charleston, says they want to inform the public at the meeting about some aspects of the project that they feel are “necessary.”According to the city, the redevelopment wi...

NORTH CHARLESTON, S.C. (WCSC) - The City of North Charleston is holding a drop-in informational meeting Monday regarding community development within Park Circle, as progress on the area’s redevelopment continues.

The meeting will be held from 5:30 p.m. to 7 p.m. at the Park Circle Gallery. TJ Rostin, recreation director for the City of North Charleston, says they want to inform the public at the meeting about some aspects of the project that they feel are “necessary.”

According to the city, the redevelopment will include a new community building with a theater and meeting rooms, a performance and event space, a nature garden, open green space, walking trails, an inclusive baseball field, and the largest inclusive playground in the Southeast, at 55,000 square feet.

Rostin says there will also be a farmer’s market pavilion that will be constructed outside. Rostin says the facility isn’t just for recreation, but it will have a large cultural arts impact as well.

“We’re trying to be able to provide more things for more people, and we feel right now that probably the therapeutic aspect of our facility needs a little uplifting, needs a little more programming that could be provided to them,” Rostin said.

With inclusivity at the forefront of the project, Rostin says they want to be able to serve people from age 0 to age 100.

“We think with this facility we’re gonna be able to do that in different ways,” Rostin said. “We know there’s folks out there who don’t have the ability to be a on a playground that’s not inclusive that may be 40, 50, 60 years old.”

Clint Davis of Charleston says he comes to Park Circle often because it has less “hustle and bustle” and less tourists. He says, for him, the more parks, the better.

“We’ve never really been to like the Park Circle, Davis said. “We’ve been like around the perimeter, like to all the restaurants over there so that will give us more incentive to come to the parks around here.”

TJ Rostin says they are currently still in the design-build phase. Rostin says we can expect the demolition of the current facility in the next week or two. He says he hopes to have construction starting in the next few months.

Rostin says the project is estimated to be completed by Fall of 2023.

Copyright 2022 WCSC. All rights reserved.

$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.

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