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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

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.

$17M Ice House at Park Circle redevelopment project breaks ground

NORTH CHARLESTON — Construction near Park Circle has begun on a $17 million project to refurbish an old ice distribution building into office and retail use, with three tenants already lined up.Construction company Samet Corp., real estate business Colliers International and architectural studio The Middleton Group will be moving from their respective Charleston- and North Charleston-based locations to 4287 Spruill Ave. toward the end of the year, said Pat Marr, principal of development with WRS Inc. Real Estate Investments....

NORTH CHARLESTON — Construction near Park Circle has begun on a $17 million project to refurbish an old ice distribution building into office and retail use, with three tenants already lined up.

Construction company Samet Corp., real estate business Colliers International and architectural studio The Middleton Group will be moving from their respective Charleston- and North Charleston-based locations to 4287 Spruill Ave. toward the end of the year, said Pat Marr, principal of development with WRS Inc. Real Estate Investments.

“We think the nature of that building gives the project some distinction and interest, as opposed to just putting up some block buildings,” Marr said.

Charleston-based WRS is partnering with the Isle of Palms-based Paragon Commercial Properties in the endeavor.

Developers of the ice house project intend to use the state Abandoned Buildings Revitalization Act to help finance the effort.

North Charleston City Council certified May 27 five buildings on the Spruill Avenue property as abandoned, enabling the mixed-use project to qualify for tax credits.

Developers expect to get tax credits “in the neighborhood of $1.5 to $2 million,” Marr said.

The credits will enable developers to refurbish the old ice building, rather than demolish it, Marr said.

“Where (the tax credits) really help is when you’re trying to change the product use,” Marr said. “This was an industrial site. They made ice and distributed ice. This was also a site we had to clean up. It had some environmental issues.”

The Middleton Group will be moving from its site at King Street Extension in Charleston, and Colliers International will relocate from Calhoun Street.

Samet Corp. is changing its location from Aviation Avenue in North Charleston.

The moves indicate how companies are increasingly viewing the North Area as a desirable place to do business because of its proximity to growing residential communities, Marr said.

“We’re seeing tenants move out of downtown,” he said. “More and more employees are coming from Summerville and Nexton.”

Spruill Avenue has increasingly become a focal point for new development as revitalization efforts on East Montague Avenue, located in Park Circle, have spilled over onto the Spruill corridor.

Holy City Brewery, a craft brewer, and Firefly Distillery, which offers outdoor and indoor event space, have relocated to Spruill Avenue in recent years.

Developers have become more interested in the neighborhood since the state Department of Transportation approved handing over ownership of Spruill Avenue to North Charleston, which will allow the city to add on-street parking.

The city has been working to address the area’s lack of parking. North Charleston has completed one new parking lot and has plans to establish two more lots on Spruill, said Councilman Bob King.

“That whole area is developing pretty good,” King said.

Dallas-based Reddy Ice currently uses a building on the property as a storage freezer before distributing ice to Charleston-area retailers. That use will remain up to two years before that building is redeveloped, Marr said.

Offices for Reddy Ice will be relocated near the freezer building while the storage freezer remains open.

In addition to renovating the now-boarded up ice building, the project involves building a two-story, 12,000-square-foot office space facility and another 10,000-square-foot structure.

Construction work, which began six weeks ago, so far has involved demolishing a few buildings on the site. Crews are preparing to install underground utilities, Marr said.

“The project will deliver in December this year,” Marr said.

North Charleston’s Park Circle residents concerned about growing truck traffic

NORTH CHARLESTON — The city’s Park Circle community has become increasingly attractive to young families seeking to live in a safe community near restaurants and recreational amenities.But local residents say increased truck traffic along North Rhett Avenue is threatening the community’s safety. Residents and city officials say trucks coming from the southern end of the old Navy base, which houses a few trucking companies and the State Ports Authority’s North Charleston terminal, frequently use the avenue to ac...

NORTH CHARLESTON — The city’s Park Circle community has become increasingly attractive to young families seeking to live in a safe community near restaurants and recreational amenities.

But local residents say increased truck traffic along North Rhett Avenue is threatening the community’s safety. Residents and city officials say trucks coming from the southern end of the old Navy base, which houses a few trucking companies and the State Ports Authority’s North Charleston terminal, frequently use the avenue to access Interstate 526.

Park Circle residents are working to raise awareness around the issue, hoping for solutions that could involve rerouting the trucks off residential streets.

Patrick Johnson addressed City Council on Oct. 28 about the problem. Johnson moved to North Rhett Avenue two years ago. When he started working from home during the pandemic, he noticed the frequency of semi-truck traffic.

“Some days it’s not that bad,” he said. Other days it’s every five to ten minutes, he said.

The trucks often speed, he said, sometimes traveling up to 50 mph.

“It shakes the windows and doors of our house,” he said. “It feels like a freight train coming through.”

It poses a safety hazard for pedestrians, he said. It’s also not uncommon for people to commute throughout Park Circle using golf carts, Johnson said.

“As a 33-year-old young professional looking to raise a family in a safe environment, I’d like to advocate for many other young residents and new families into the area,” he said.

City Councilman Bob King said the traffic has been an issue for several years, noting he frequently fields calls from people complaining about the 18-wheelers.

King said the vehicles are traveling from the south end of the old base. The trucks then go north on Spruill Avenue before turning left and ending up on North Rhett Avenue to get to the interstate.

“It’s like a major thoroughfare,” King said. “It’s been a constant problem.”

Mayor Keith Summey pointed out the city is in the process of obtaining ownership of Spruill Avenue, currently a four-lane roadway, to address the problem.

North Charleston wants to reduce the number of lanes to two, he said. Summey said the city has also tried to cut off trucks access to North Rhett, though he didn’t clarify exactly how the city had tried to do that.

He said North Charleston intends to work with trucking companies to find an alternative route to the interstate.

North Charleston neighborhoods seem to have an ongoing fight with increased traffic from 18-wheelers. In 2019, four neighborhood groups in Chicora-Cherokee reached a community benefits agreement with Frontier Logistics to keep truck traffic off Reynolds Avenue.

Frontier, a transportation and warehousing company that built a 556,000-square-foot warehouse at 1840 and 1850 Reynolds Ave. to transport containers, agreed to prohibit tractor-trailers from entering and exiting the warehouse’s Reynolds Avenue entrance, the settlement agreement states.

This came after neighborhood leaders expressed concerns about heavy truck traffic, noise, dust or odor pollution and increased risk of truck cargo spills.

Editorial: Park Circle reinvestment a wise move for North Charleston

What we know today as North Charleston began taking shape decades before the city was incorporated in 1972, and two of its oldest civic buildings are long overdue for major renovations. We urge City Council to proceed apace and strive for excellence with its $45 million plan to make the necessary upgrades to those structures and undertake other recreational improvements inside Park Circle, one of the city’s premier public spaces.The city’s plan would use money from a tax increment financing district, which was created year...

What we know today as North Charleston began taking shape decades before the city was incorporated in 1972, and two of its oldest civic buildings are long overdue for major renovations. We urge City Council to proceed apace and strive for excellence with its $45 million plan to make the necessary upgrades to those structures and undertake other recreational improvements inside Park Circle, one of the city’s premier public spaces.

The city’s plan would use money from a tax increment financing district, which was created years ago around the Park Circle area. Such districts divert increased property tax collections that result from new building within an area into a special fund for several years; local governments then can borrow against that revenue stream to make public improvements within that area.

Those improvements can be new parks, sidewalk and road improvements, new lighting and landscaping, or as in North Charleston’s current case, improved city buildings.

We understand why some City Council members questioned whether the proposed improvements are really the city’s top priority, but the city is limited by the nature of the tax district as far as where it can spend the money. The money such districts generate remains within the district lines, even if there is a more urgent need somewhere else. The city of Charleston used a different approach with the municipal tax district it recently created on Johns Island, where the owners in new development will pay more for a few decades to help offset greater infrastructure needs on the island.

In any case, we see a clear need in and around Park Circle, which has benefited from new investment, new businesses and new residents but still can use the city’s help to keep its momentum going. As reporter Rickey Ciapha Dennis Jr. noted, the Felix C. Davis Community Center was constructed in 1943 (and revamped after Hurricane Hugo); it was built and operated until two years ago by the Cooper River Parks and Playground Commission, which provided recreational services before the city was formed.

The city plans to double the size of the space so it can host indoor and for outdoor events; it’s an opportunity to create an impressive building worthy of one of North Charleston’s oldest and most impressive public spaces, the circular park inside Park Circle. “Now that we own the building, it’s time we take it to another level,” Mayor Keith Summey told Mr. Dennis.

Likewise, the Danny Jones Recreation Center, about five blocks to the west, also was built before the city formed, and its pool, gym, track and courts also could use a refresh. The main building isn’t useful anymore, partly because it contains no room for spectators (unlike the city’s impressive new aquatics center near Fort Dorchester High School).

Meanwhile, the city’s Miracle League Field, also inside Park Circle, would be its largest playground at about 24,000 square feet and would be designed especially to welcome children with varying physical, emotional or mental abilities. It’s a worthy project that would give all kids an opportunity to participate in activities.

North Charleston grew into the state’s third-largest city without establishing a downtown, but the Park Circle are is closest to being that traditional civic core. The city’s proposed major reinvestment in the East Montague Avenue area is a strategic step toward making this area even more desirable by recognizing that some of North Charleston’s public buildings and spaces are out of date and need a major refresh. It could make for a great 50th birthday present.

Get a weekly recap of South Carolina opinion and analysis from The Post and Courier in your inbox on Monday evenings.

Downtown Charleston’s Tattooed Moose moving off peninsula to Park Circle

A downtown Charleston restaurant that first opened in 2010 is soon closing its doors on the peninsula.The Tattooed Moose, a watering hole and live music venue made famous by a feature on Food Network’s “Diners, Drive-Ins & Dives” in 2012, will be relocating to a larger former warehouse space in Park Circle.T...

A downtown Charleston restaurant that first opened in 2010 is soon closing its doors on the peninsula.

The Tattooed Moose, a watering hole and live music venue made famous by a feature on Food Network’s “Diners, Drive-Ins & Dives” in 2012, will be relocating to a larger former warehouse space in Park Circle.

The restaurant, which also has a location on Johns Island and for a stint occupied a space in West Ashley’s Citadel Mall, has been serving up its popular duck fat fries and Thanksgiving Sammy downtown for more than a decade, along with hosting a bevy of bands performing live music for patrons.

The new spot will be located at 4845 Chateau Ave., one block off East Montague Avenue. According to marketing director Megan Ladd, the new space will have a similar feel to the Johns Island location.

“We’ve kind of outgrown the downtown location,” said Ladd. “The Park Circle space has so much more room, and we feel a lot of potential there.”

Among design plans for the North Charleston warehouse that previously housed King of Pops along with occasional band practices are garage doors opening out over a large bar; both an indoor and outdoor stage; and plenty of outdoor space for seating, cornhole, oyster roasts and events.

A live oak tree will be the backdrop for the outdoor stage, and a fall festival is in the works. Ladd says the restaurant hopes to keep the giant mural from local artist Patch Whisky that paints the exterior in colorful whimsy.

“I showed the general manager a picture of the new space and the response was, ‘Is that a bowling alley?’ ” Ladd said with a laugh. “It’s a big upgrade.”

With a hotel moving in near the Morrison Drive location, and parking already limited, the Park Circle location offers more square footage and options for guests. Ladd said she doesn’t know what business will lease the space next, though she hopes it’s another locally owned restaurant.

In Park Circle, she’s looking forward to Tattooed Moose participating in neighborhood festivals like Rockabillaque, St. Patrick’s Day and Park Circle Pride.

The downtown restaurant will stay open until two weeks prior to the Park Circle move, which is currently projected for mid-November.

“There is ample time to grab a duck club and put your Sharpie mark to wood at the flagship location,” Ladd said.

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