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Mortgage Broker in Seabrook Island, SC

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

My name is Dan Crance - Seabrook Island'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 Seabrook Island, 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 Seabrook Island, SC
 Refinance Seabrook Island, SC

Why Choose Dan Crance As Your Mortgage Lender in Seabrook Island, 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 Seabrook Island, SC

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

 FHA Mortgages Seabrook Island, 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 Seabrook Island, SC.

Refinancing in
Seabrook Island, 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 Seabrook Island, 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 Seabrook Island, 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 Seabrook Island, 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 Seabrook Island, 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 Seabrook Island 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 Seabrook Island, SC

Trust Dan Crance

Your Mortgage Lender in Seabrook Island, 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 Seabrook Island loves Classic Home Mortgage.

After hours by appointment only. CONTACT DAN

Latest News in Seabrook Island, SC

Opinion The Earth can’t sustain continued growth

The Nov. 20 editorial “8 billion and rising” essentially said, “More Amazon customers; less Amazon rainforest. Yay!”As long as the goal is “economic growth” rather than sustaining life as we know it on the planet in some reasonable facsimile of harmony with nature, we will continue down the path of self-destruction.The editorial&rsq...

The Nov. 20 editorial “8 billion and rising” essentially said, “More Amazon customers; less Amazon rainforest. Yay!”

As long as the goal is “economic growth” rather than sustaining life as we know it on the planet in some reasonable facsimile of harmony with nature, we will continue down the path of self-destruction.

The editorial’s praise of China’s economic boom ignored the reality that it rides on the back of Chinese citizens essentially being treated like chattel, penned up in high-rise apartment buildings and factories in the major urban areas, which the editorial also seemed to believe is a good model. An aging population is not a bad thing we must overcome with more young people; it is an indication that our socioeconomic model is failing and needs to be reimagined sooner rather than later.

The argument that population growth is a good thing is flawed. The suggestion that innovation can rectify resource scarcity typifies the mistaken assumption that man’s brilliance will inevitably solve our problems. There is abundant scientific evidence that the planet’s limited natural resources cannot sustain more people, especially now, when available living space is shrinking because of climate change. The point that living standards around the world have generally improved as population has increased must be of little comfort to the estimated 828 million people affected by hunger in 2021.

The editorial claimed we should not worry about population growth because it’s inevitable. That attitude is prevalent regarding the climate crisis, and look where that has gotten us.

Finally, sustaining economic growth, which is measured by increasing gross domestic product, does not, as the editorial implied, equate to better quality of life. Just look around.

The celebratory tone of calling global population at 8 billion and rising “a good thing” made light of vast inequities in a demographically divided world. In many places, the often cited “demographic transition,” whereby growing populations shift from high birth and death rates to low ones, is stalled. For example, in Africa’s Sahel region, the population is set to double in a generation, worsening regional poverty, climate risk, food insecurity and civil conflict. There’s little reason to suppose “innovation” from higher numbers will compensate.

Though the 8 billion milestone attests to remarkable public health advances that extended people’s lives, we should hold off on celebrating until we’re doing a better job of expanding family planning services, education, and greater empowerment to women and girls worldwide. That would lower fertility rates and population growth and uphold equity and human rights.

The United States was once a global leader in foreign assistance for reproductive health and family planning, but its support stagnated over the past decade. With the largest generation in history entering its childbearing years, these investments are more vital than ever. Recommitting to them would be reason to celebrate.

Four SC Islands Were Named the “Best Island Getaways” in the United States

There are a plethora of beautiful islands here in the United States and many individuals as well as families visit them every year for an opportunity to unwind and detach from reality for a few days. A major national publication just recently released a list of "The 30 Most Magical Island Getaways in the United States" and four islands in South Carolina made the cut! In this article, we will take a look at which SC islands made the cut and what makes them popular tourist destinations!Countryliving.com relea...

There are a plethora of beautiful islands here in the United States and many individuals as well as families visit them every year for an opportunity to unwind and detach from reality for a few days. A major national publication just recently released a list of "The 30 Most Magical Island Getaways in the United States" and four islands in South Carolina made the cut! In this article, we will take a look at which SC islands made the cut and what makes them popular tourist destinations!

Countryliving.com released a list of "The 30 Most Magical Island Getaways in the United States" in June 2022. According to the publications, they made this list in order to let it be known that you don't have to travel outside, "change your money", "get a passport", or travel of the country to get a taste of the "Island Life". Four Islands in South Carolina made the Cut! The islands in South Carolina that made the cut are Seabrook Island ranking the highest coming in at #12, Pawleys Island coming in at #14, Kiawah Island coming in at #23, and lastly Hilton Head Island coming in at #30!

For Seabrook Island, countryliving.com suggested to readers that they step outside of the box and do horseback riding on the island, check out some live music at "Pelican's Nest", and of course have some great seafood. For Pawleys Island, the publication said that the island is virtually "stress-free" and if your turn your cell phone off, you will get an even better experience! They suggested staying at "The Pelican" or "The Sea View" as well as enjoying some of the finest Lowcountry cuisines the area has to offer!

Kiawah Island is no stranger to making these kinds of lists and it's no surprise that they made this one! Countryliving.com suggested rallying up a crew, getting a vacation rental, and enjoying all of the unique attractions that the island has to offer! The publication also made it a point to check out "Tomasso at Turtle Point" for a world-class "family-style meal"! Lastly, you have Hilton Head Island! Do not be fooled by this island being ranked last on this list because the island has so much to offer! The publication noted that this is a perfect vacation if you are an avid golfer, the island has two-dozen championship courses. The article also suggested that readers do some ziplining, jet skiing, take a dolphin tour, and have dinner at "Hudson's Seafood House on the Docks"!

Seabrook Island neighbors push for short-term rental cap, mayor says no cap needed

SEABROOK ISLAND, S.C. (WCSC) - Seabrook Island neighbors are petitioning their leaders to cap the number of short-term rentals, stating there is overcrowding due to what they called over-tourism, but the mayor said the town has no plans to do so.Seabrook Island homeowner Ted Flerlage says over 700 of his neighbors want to cap the number of short-term rentals on the island.“What we’re trying to do is cap, not end the process of short-term rentals, cap at roughly the present numbers, evaluate what happens after that,&...

SEABROOK ISLAND, S.C. (WCSC) - Seabrook Island neighbors are petitioning their leaders to cap the number of short-term rentals, stating there is overcrowding due to what they called over-tourism, but the mayor said the town has no plans to do so.

Seabrook Island homeowner Ted Flerlage says over 700 of his neighbors want to cap the number of short-term rentals on the island.

“What we’re trying to do is cap, not end the process of short-term rentals, cap at roughly the present numbers, evaluate what happens after that,” Flerlage said, “and then, determine whether or not we should lower the number of short-term rentals.”

As of June 19, there are 484 of these properties on the island, which residents said has led to overcrowding on the island’s streets and amenities.

Mayor John Gregg said for this year, data gathered over the past few months suggest otherwise.

“We’re not going to be looking at imposing limitations on the number of short-term rental units,” Gregg said.

Coastal Getaways owner Nancy Buck said more people are starting to call the island home, and good rentals are full for around 40% of the year.

She says all of her clients are property owners who rent to help offset the costs of the amenities, taxes and insurance.

“We’ve also gone from 35% permanent residents to 60% residents in the last two years,” Buck said. “Twenty-five percent of the properties have turned over since 2019.”

Buck also adds the majority of the amenities are mostly used by members and not rental guests.

However, the homeowners want the town’s government to hear them out.

“I’d like him to reconsider,” Flerlage said. “I’d like him to look at the reality and listen to the people who are property owners here, the residents on the island. You know, 700 people is a big number.”

“Let’s wait and see how this year goes,” Buck said. “They instituted the short-term rental ordinance couple of years ago, or actually, last year, so let’s give it a full year to see how it goes.”

Both Buck and the homeowners said they want to work out their differences over the next several months to come up with a solution that works for everyone.

Copyright 2022 WCSC. All rights reserved.

Exchange Club Of Kiawah-Seabrook Awards Grants To Island Nonprofits

By Thad Peterson for The Island ConnectionEach year, the Exchange Club of Kiawah-Seabrook awards grants to organizations in the Lowcountry whose mission is to help the citizens of Johns and Wadmalaw Island. This year’s award ceremony, held Nov. 2 at the Seabrook Island Club, was a celebration of the great work being done by these organizations for the community. Recipient organizations are identified by Club member committees in five categories and organizations are vetted in detail, and in many cases...

By Thad Peterson for The Island Connection

  • Each year, the Exchange Club of Kiawah-Seabrook awards grants to organizations in the Lowcountry whose mission is to help the citizens of Johns and Wadmalaw Island. This year’s award ceremony, held Nov. 2 at the Seabrook Island Club, was a celebration of the great work being done by these organizations for the community. Recipient organizations are identified by Club member committees in five categories and organizations are vetted in detail, and in many cases Club members conduct on-site visits with the organizations prior to making the awards. It’s not unusual for the relationship between the organizations and Club members to extend beyond the grant, with Club members providing counsel and serving on the boards of various organizations. Since the program was launched, the Club has granted more than $2.5 million to organizations supporting Johns and Wadmalaw Island. Representatives from recipient organizations attended the event and were recognized for the significant contribution that they make to the quality of life on Johns and Wadmalaw Island. The Exchange Club of Kiawah-Seabrook is a service organization committed to community enrichment through the support and development of programs which focus upon the prevention of child abuse, youth development and education, Americanism, and community outreach.

    The Club holds dinner meetings about every two weeks, providing an opportunity for fellowship and fun, along with a guest speaker discussing some aspects of life in the Lowcountry. Other activities include an annual holiday event and excursions to the Charleston Symphony throughout the year.

    THE FOLLOWING ARE THIS YEAR’S AWARD RECIPIENTS FOR EACH CATEGORY:

    Community Service/ Hunger and Mentoring

    • Backpack Buddies

    • Blessings Basket

    • Meals on Wheels

    • Sea Island Cares

    • Sweetgrass Garden Co-op

    • New Webster Food Pantry

    • Fields to Families

    • Hebron-Zion Food Pantry

    • Hebron-Zion Senior Citizens

    • AMOR Kitchen

    • St. James Bethel AME Sunday Dinner

    Health and Housing

    • Barrier Islands Free Medical Clinic

    • Paraclete Foundation

    • Habitat for Humanity

    • Water Wellness Mission

    Child Abuse/Prevention

    • Dee Norton Advocacy Center

    • Florence Crittenton Programs of SC

    • Low Country Orphan Relief (LOR)

    • HALOS

    Youth and Education

    • Angel Oak Elementary School

    • Camp Happy Days

    • Camp Hi Hopes

    • Charleston Collegiate School

    • Community and Schools

    • CSO Education

    • Edith Frierson Elementary School

    • Haut Gap Middle School

    • Mt. Zion Elementary School

    • Youth of the Month

    • High School Scholarships

    Americanism

    • Friends of the Fisher House

    • Seabrook Island Veterans Day Golf Outing

    If you are interested in learning more about us, please fill out a membership application form at ecks.memberclicks.net/ or contact Bob Leggett at rmlegg8@gmail.com.

    Some Seabrook Island residents call for cap on short-term rentals

    SEABROOK ISLAND, S.C. (WCSC) - An ongoing battle over short-term rentals is brewing on Seabrook Island, where homeowners say uncontrolled growth of properties is affecting their quality of life.Homeowners Ted Flerlage and Paul McLaughlin said although they do not want to end short-term rentals on the island, the effects of recent growth have prompted them to call for a cap on short-term rentals.“If you come here in July, around July Fourth, as a resident walking out boardwalk one, let’s say, to north beach, there&rs...

    SEABROOK ISLAND, S.C. (WCSC) - An ongoing battle over short-term rentals is brewing on Seabrook Island, where homeowners say uncontrolled growth of properties is affecting their quality of life.

    Homeowners Ted Flerlage and Paul McLaughlin said although they do not want to end short-term rentals on the island, the effects of recent growth have prompted them to call for a cap on short-term rentals.

    “If you come here in July, around July Fourth, as a resident walking out boardwalk one, let’s say, to north beach, there’s no space, and that is a rental issue,” Flerlage, who has lived on the island since March 2020, said. “That is a noise issue. It is a parking issue because every spot on the limited parking area is taken.”

    The two homeowners have spearheaded the Preserve Seabrook effort. A letter sent to residents as part of the effort says concerns “center on the uncontrolled growth of short-term rentals, especially on streets where there are many full-time and private residential properties.”

    “We aim to retain a reasonable offering of properties that can be rented by guests who love to visit and vacation on our beautiful island, while ensuring Seabrook does not gradually morph into a resort community,” the letter states. “We believe adding a cap on the number of resort properties on Seabrook would protect the unique qualities of our island while allowing revenue generated through rental properties to continue to flow back to the town through state and county accommodation taxes that the renters pay.”

    Over 300 residents have signed a petition to cap the number of short-term rentals on the island, according to McLaughlin.

    The petition seeks a single question on the Nov. 2, 2021 ballot that asks if voters support:

    “Seabrook, when I bought here in 2002 and built our house here in 2009, it was more like ‘Cheers,’” McLaughlin said. “Everybody knew your name. Now, with the influx of 500 rental properties and growing, it’s changed a lot, and the quality of life on the island has changed a lot.”

    Seabrook Island Mayor John Gregg said a petition from those calling for a cap has been sent to a committee, which will conduct a factual inquiry and then report to town council with recommendations.

    “The object for the ad hoc committee was to identify inquiries of factual matters that could inform council as it considers whether or not it is warranted to do further regulation,” Gregg said.

    The mayor added that to operate a short-term rental on the island, homeowners need to have a business license and a permit from the town.

    McLaughlin and Flerlage said they welcome the data-driven effort but want more communication from the town and to work with them on a solution.

    “Our question to them: What is the tipping point? If 500 isn’t the tipping point, is it 600? Is it 700? Is it 800? So, in the meantime, we need to figure it out,” McLaughlin said. “We need to halt what’s going on. Everybody keeps what they currently have, and we study the problem, and we figure out what the solution would be. We don’t make the problem worse while continuing to study it.”

    “These are people who live in South Carolina and vote in South Carolina who live on the island and vote on the island,” Flerlage said. “These are the people who are their direct constituents – the people who vote for the mayor and the town council. It’s more than 300 of those people who signed up, which is nearly as many as who voted for them in the last election on Nov. 2, and in our opinion, there has been no communication and we’ve been getting fairly short-tripped on the issue.”

    Copyright 2021 WCSC. All rights reserved.

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