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

My name is Dan Crance - Red Bank'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 Red Bank, 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 Red Bank, SC
 Refinance Red Bank, SC

Why Choose Dan Crance As Your Mortgage Lender in Red Bank, 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 Red Bank, SC

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

 FHA Mortgages Red Bank, 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 Red Bank, SC.

Refinancing in
Red Bank, 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 Red Bank, 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 Red Bank, 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 Red Bank, 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 Red Bank, 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 Red Bank 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 Red Bank, SC

Trust Dan Crance

Your Mortgage Lender in Red Bank, 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 Red Bank loves Classic Home Mortgage.

After hours by appointment only. CONTACT DAN

Latest News in Red Bank, SC

Biggyby Coffee coming soon to Red Bank and Lexington

Lexington, SC 10/13/2022 (Paul Kirby) – A new boutique drive-thru coffee experience is coming to Red Bank and a short time later to the Lexington area of the county. Biggby Coffee is an all drive-thru experience that serves high-quality coffees, smoothies, and other specialty drinks, as well as some food items. These will include foods that will pair with a good cup of coffee. Things like bagels, cookies, breakfast sandwiches, and muffins are just a few of the foods that will be on the menu.Well known Lexington businessman Jerem...

Lexington, SC 10/13/2022 (Paul Kirby) – A new boutique drive-thru coffee experience is coming to Red Bank and a short time later to the Lexington area of the county. Biggby Coffee is an all drive-thru experience that serves high-quality coffees, smoothies, and other specialty drinks, as well as some food items. These will include foods that will pair with a good cup of coffee. Things like bagels, cookies, breakfast sandwiches, and muffins are just a few of the foods that will be on the menu.

Well known Lexington businessman Jeremy Addy is the driving force that’s bringing this small and immensely community and family friendly business to the Midlands. He’s the grandson of the late Kermit Addy and son of John and Teresa Addy. His family-owned and operated Addy Dodge on Columbia Avenue in Lexington for decades. All the Addy’s are known as fervent believers in giving back to Lexington County and its citizens. Jeremy has followed in those family footsteps as he’s led his core business Craig Reagin Clothiers on Main Street to great success.

In a recent interview with The Ledger, Jeremy said that he is always looking for ways to bring other good, high-quality businesses to Lexington County. In the case of Biggby Coffee, after he did some research on the family-owned business based out of Michigan, he found what he feels is a perfect fit to fill some gaps in the boutique coffee business in particular areas of the county. Partnering with a small, family-owned corporation like Biggby that shares his own high standard of morals and a likeminded approach toward how a business should interact with the community and its customers were important to Jeremy. In fact, these attributes were as important to him as the taste of Biggby’s delicious coffees and treats.

Jeremy was not a coffee drinker himself until several years ago. He’s engaged to be married now and his fiancé is a longtime lover of coffee. On a trip to Charleston, they both shared the experience of a Biggby Coffee together. In Charleston, there are four locations there. Even Jeremy, now a coffee convert, loved its deep, complex flavors of its roast, and the fast, friendly service of the Biggbys. “Its flavor is delicious,” Jeremy said. “There is no bitterness at all,” he continued. “It’s just a wonderful experience.”

It didn’t take Jeremy long to realize that a few Biggby locations in Lexington County and the later, elsewhere in the Midlands, would be perfect for a market market that’s not already oversaturated with the all drive-thru experience that Biggby Coffee provides.

While looking for property that would house Jeremy’s first Biggby location in Lexington, he met Joe and Cari Schlager of Red Bank through the Charleston Biggby franchisee. The Schlagers had moved to Lexington County from Las Vegas several years ago and found it to be a perfect fit for their family. Joe enjoyed the city lights and life of Vegas and Cari, who grew up on a farm in upstate New York, was looking for something less complicated and of a slower pace. Cari said during an interview that, “This is a perfect community that fits all our family’s needs. It’s a much slower pace and everyone is so friendly. It’s just been great getting to know the people of this wonderful new community. For Joe, there’s enough to see and do here to keep him busy and entertained when he’s not working. For me, the slower pace, and the more rural feel I grew up with made me fall in love instantly.”

The Schlagers had some money put aside to invest in a business they could call their own. Sadly, the remainder of what they needed was wrapped up in a finance deal in Nevada that fell threw at the last minute. Once Jeremy got to know the Schlagers for who they really are, he stepped up and offered to buy some property and put a Biggby Coffee in the Red Bank commmunity. Then he would lease that location to Joe and Cari for them to run.

That will be the first Biggby you’ll be able to see and enjoy in Lexington County. The property is across the street from Lexington County’s Annex on South Lake Drive at Two Notch Road. It will sit between existing Wendy’s and the CVS. Although there’s an large self service ice machine there right now, by the end of this year or certainly by mid-January of 2023, a neat little Biggby Coffee will be there for you to enjoy!

How in the world you might ask, can they build a building and business that quickly. The answer is simple, Biggby Coffees are small, offer only drive-thru service, and they are built by a company based in Michigan. Then, they’re trucked in, offloaded with a crane, and set on a concrete pad that already has the plumbing and any electrical infrastructure in place. It only takes a few short days to anchor the building, connect the plumbing and electrical, and start making coffee.

The Schlagers store will be the first Biggbys to open. Lexington County is in the final stages of the plan review process right now. Once that’s completed, the sitework can begin and the building pad can be poured. Jeremy said that all he needs is the final approval to get started.

Once the Red Bank store receives its certificate of occupancy, Cari will run that location herself every day. “It will be so nice to have a business we can call our own,” Cari said. “I’m ready to get to know our neighbors by their first names, what their favorites drinks and foods are, and get involved in all different ways.” Cari said they plan to be supportive of the community and give back by sponsoring youth sports, area school yearbooks, and civic groups and churches. “Joe and I think that God had a great deal to do with us meeting Jeremy and we plan to openly acknowledge that. Without that first introduction, our dreams of building a legacy that we can pass on to our children and grandchildren simply wouldn’t have happened,” she stated.

Cari had much the same to say about the Biggby Corporation that Jeremy did. “When we met people who had dealt with the corporation for years, they all had the same feeling about Biggby that Joe, Jeremy, and I did. To them, a business is more about community and people than just the bottom line. Customer service, friendly attitudes, and owner involvement are all key to running a Biggby. They want us to put people first and feel that if we are doing that, the customer base will be strong and loyal. I am so excited for the opportunity to get up every day and go to work for me,” she we went on to say. “Joe will keep his full-time job during the workweek, but the fun thing is, on the weekend he’ll be working for me!” she joked.

Once the Red Bank store is open, Jeremy is looking at two parcels of land closer into Lexington for a store that he’ll run with a small group of employees. One parcel is on North Lake Drive across from the movie theater. The other is just west of Lexington on Highway 378 near Charter Oak Road and the Publix shopping center. Once he sees which of the two spots are available and priced competitively, he says he’ll be able to use much of the site plans and legwork done for the Red Bank store to expedite the next location. He believes that the second store should be open sometime in the spring of 2023.

“I want to get a feel for running this new business before I go any further than that,” Jeremy said during our interview. “After that, I can expand further in Lexington County or maybe somewhere else in the Midlands. Once people get to know how friendly the customer service is at Biggby Coffee and how great their offerings are, I see foresee a large, loyal customer base that will drive past other coffee businesses to stop at Biggby,” he stated.

According to Jeremy, Biggby Coffee franchisees doesn’t have corporate pressures to take any political stand on the issues of the day like some other larger chain stores. “They also don’t pressure us with mandates that might work in Michigan but wouldn’t fly here. They just want franchisees to sell a great product and be involved in the community that supports the businesses. I have a great deal of business experience already and I vetted this company as well as I am sure they vetted me. Every franchisee, every corporate partner, everyone I met and spoke with had the same things about the corporation to say. Every franchise I spoke with said that Biggby was a great company to do business with,” Jeremy concluded.

According to Joe and Cari, the hours for the Red Bank store will be Monday through Saturday from 6:00 a.m. until 9:00 p.m. and 7:00 a.m. until 9:00 p.m. on Sundays. You can get updates about the progress of the Red Bank store including the date of the building’s arrival and placement by crane on Facebook at Biggby on South Lake, Lexington or by simply pressing this LINK.

Here is a short video of a Biggby loaded on a truck for shipping. VIDEO

PHOTO CAPTIONS: All pictures are of Biggby Coffee locayions in other areas of the United States.

Frustrations grow over delayed construction completion on Red Bank Rd.

GOOSE CREEK, S.C. (WCSC) - Those who travel on Red Bank Road in Goose Creek say they are fed up with the amount of time construction is taking. The sewer capacity upgrade project has been ongoing for over a year.“There used to be a nice big turn lane, and everyone knew where they were going, but now there’s one lane that goes straight and then there’s one that takes a right and that stops the flow of traffic to get through that light,” Cari Askeland who works along Red Bank said.Travelers of the road are...

GOOSE CREEK, S.C. (WCSC) - Those who travel on Red Bank Road in Goose Creek say they are fed up with the amount of time construction is taking. The sewer capacity upgrade project has been ongoing for over a year.

“There used to be a nice big turn lane, and everyone knew where they were going, but now there’s one lane that goes straight and then there’s one that takes a right and that stops the flow of traffic to get through that light,” Cari Askeland who works along Red Bank said.

Travelers of the road are frustrated with traffic backups and are concerned for their safety and others while the work continues.

“Exits and entrances to businesses are closed unannounced, and the number of holdups it causes as far as trying to get in and out or trying to turn onto kind of dangerous roadways at high speeds,” Matthew Hernandez who travels the road frequently said.

Berkeley County said next month will consist of finishing the sewer line installation and permitting. Testing is set for February, and in March, the above-ground bypass line will be removed, and the project area will be repaved.

“It’s a pain in the neck,” resident Robert Dodson said. “It’s ongoing and feels like it’s never going to be finished. It causes traffic, delays, wrecks and accidents every day.”

The lane closure has created some confusion for those trying to access businesses along the work.

“We have a lot of customers; we serve veterans and a lot of them ask us how long it’s going to last and say they can’t figure out where to turn in at because there’s no signs and it’s just dangerous,” Christian Crenson who works along Red Bank Road said.

According to Berkeley County, the original contract cost was around $8.3 million, and the current contract price is over $9 million.

The county says they hosted a community meeting at the end of August and have been in regular communication with the contractor, Portland Utilities Construction Company, and local businesses to minimize driveway closures and to expedite the project completion.

Officials declined to comment on the delay for this project’s completion.

Copyright 2023 WCSC. All rights reserved.

New Lizard’s Thicket location opens in Red Bank - Lexington County Chronicle

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County considers tightened development restrictions, Red Bank mixed-use project takes shape

As growth continues to soar in Lexington County, elected officials are considering new control measures.In response to questions submitted by the Chronicle, Lexington County Council Chair Beth Carrigg confirmed that the council is considering limiting new apartment complexes to 200 units each.“The 200 number is a topic of discussion and is certainly included in an overall plan for responsible development,” Carrigg said.According to published reports on Lexington County’s planning committee deliberations...

As growth continues to soar in Lexington County, elected officials are considering new control measures.

In response to questions submitted by the Chronicle, Lexington County Council Chair Beth Carrigg confirmed that the council is considering limiting new apartment complexes to 200 units each.

“The 200 number is a topic of discussion and is certainly included in an overall plan for responsible development,” Carrigg said.

According to published reports on Lexington County’s planning committee deliberations, the county is also considering spacing new apartment complexes two to three miles away from each other.

Council Member Larry Brigham said multiple apartment complexes make it hard to manage all the traffic that goes with it and adds to the tax burden on school systems and public safety.

Carrigg also advised the Chronicle that the council recently approved on first reading two ordinances that relate to concurrency requirements for various residential-type developments and residential subdivisions in the unincorporated areas of the county.

All new development projects proposed for the county will undergo a review by county staff to determine that the plan coordinates with rules and regulations of law enforcement, fire service, EMS and solid waste management.

The potential tightening of concurrency requirements comes as some residents in the Chapin area are expressing concerns about ambulance response times. The county has acknowledged that the increasing call volume, spiked by what it has characterized as non-emergency calls, is exacerbating challenges with recruiting and retention. Officials emphasize the county is pushing pay raises to counter this issue and that the challenges its EMS faces are part of a national problem.

One of the newest developments now underway in the county will be located in the Red Bank area, according to officials.

The county confirmed receiving submittals in September for the following projects within the mixed-used development at Platt Springs Crossing: Big Blue Marble Academy, Mavis Discount Tire and Panda Express, a fast food restaurant that specializes in Chinese dishes.

That development, located near the intersection of Old Orangeburg and Platt Springs Road, across from the Publix at Lake Crossing and the Red Bank Chick-fil-A was announced in January by NAI Columbia and is slated to cover more than 57 acres.

“Platt Springs Crossing will be a mixed-used development bringing multiple national and regional users, along with a residential component, to a growing Lexington market,” NAI Columbia stated in a January release.

At present, county officials say no plans for housing at Platt Springs Crossing are underway.

Keywords

lexington county development, red bank shopping center, columbia housing, sc traffic

Lexington District One enters into option agreement to buy property south of Red Bank for new elemen

Lexington, SC — On Tuesday evening, the Lexington County School District One Board of Trustees accepted the administration’s recommendation to enter into an option agreement for one parcel of land for a new school south of Red Bank. The parcel of land is approximately 35 acres.The property is intended for the site of a new elementary school that hasn’t been named yet. The school would be in the White Knoll attendance area and students would eventually feed into White Knoll High School. The property includes access fr...

Lexington, SC — On Tuesday evening, the Lexington County School District One Board of Trustees accepted the administration’s recommendation to enter into an option agreement for one parcel of land for a new school south of Red Bank. The parcel of land is approximately 35 acres.

The property is intended for the site of a new elementary school that hasn’t been named yet. The school would be in the White Knoll attendance area and students would eventually feed into White Knoll High School. The property includes access from both South Lake Drive and Bluefield Road.

The board’s action to accept the administration’s recommendation to enter this agreement is just the first of many steps necessary before a school is built and opened. The purchase of property for a school site is a very specialized and intricate process. For instance, there are many South Carolina Department of Education, South Carolina Department of Transportation, and Lexington County guidelines that impact the purchase of land for a school site.

The first thing district administrators do when looking at a piece of land is to determine the best location for the land purchase. They must decide if the location of the property meets the district’s current and future needs for property in that area.

The South Carolina Department of Transportation requires that a traffic study take place and they determine which intersections and roads are to be looked at in that study. lt anticipates traffic after the school is built and determines the types of road improvements that would be needed around the new school.

The district pays a traffic-engineering consultant to conduct that study. That study will look at available road frontage, the depth of the property and the ability of the site to provide necessary traffic circulation at the school. It is important that there’s room for stacking of automobiles, a term used to describe cars lining up on the school’s property, during peak student drop-off and pick-up times. The district’s leadership believes that the site they’ve chosen will allow quite a bit of room for the lines of cars on site which helps keep the parents and other cars off the roads leading to the school.

Voters approved the district borrowing $365 million through bonds for a five-year building plan (2018–2023) in November of 2018. The construction of a new elementary school in the White Knoll attendance area was a part of that plan. This school will ensure that the district can continue to offer its students the facilities they need now and, in the future, according to a recent press release.

The district has developed a webpage that allows the public to keep up with the progress of their construction projects. This site enables residents to see what is currently happening at their child’s school and includes “before” photographs, the current phase taking place, photographs of that progress, etc.

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