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Mortgage Broker in Seven Oaks, 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 Seven Oaks, SC, who can educate you on mortgage rates and provide trustworthy guidance to help you make an informed decision.

My name is Dan Crance - Seven Oaks'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 Seven Oaks, 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 Seven Oaks, SC
 Refinance Seven Oaks, SC

Why Choose Dan Crance As Your Mortgage Lender in Seven Oaks, 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 Seven Oaks, SC

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

 FHA Mortgages Seven Oaks, 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 Seven Oaks, SC.

Refinancing in
Seven Oaks, 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 Seven Oaks, 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 Seven Oaks, 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 Seven Oaks, 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 Seven Oaks, 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 Seven Oaks 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 Seven Oaks, SC

Trust Dan Crance

Your Mortgage Lender in Seven Oaks, 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 Seven Oaks loves Classic Home Mortgage.

After hours by appointment only. CONTACT DAN

Latest News in Seven Oaks, SC

Educators past and present celebrate 50 years at Seven Oaks Elementary School

Memories poured through a crowded assembly Sunday afternoon as Seven Oaks Elementary School celebrated its 50th anniversary. About 500 former and current students, faculty and staff were on hand to listen and reminisce about times shared and lives impacted at Seven Oaks.“I am so excited to be before you all today to celebrate this momentous occasion,” Seven Oaks Elementary School Principal Harriet Wilson told the audience. “It is such an honor to be the principal at Seven Oaks and to have you all here today means the...

Memories poured through a crowded assembly Sunday afternoon as Seven Oaks Elementary School celebrated its 50th anniversary. About 500 former and current students, faculty and staff were on hand to listen and reminisce about times shared and lives impacted at Seven Oaks.

“I am so excited to be before you all today to celebrate this momentous occasion,” Seven Oaks Elementary School Principal Harriet Wilson told the audience. “It is such an honor to be the principal at Seven Oaks and to have you all here today means the world to me. Over the course of 50 years, Seven Oaks Elementary has had a profound impact on children’s lives and I know that will continue on with the wonderful staff we have today.”

School Board Chairman Robert Gantt welcomed the packed gymnasium.

“What a special day for District Five, Seven Oaks Elementary and the entire community,” Gantt said. “This school has a legacy of excellence that I know will continue into the future.”

Principals from years past at Seven Oaks were in attendance, including the school’s second leader Tim Brown.

“My time here at Seven Oaks was unlike any other because of the tremendous parent involvement and support,” said Brown, who led Seven Oaks from 1969 to 1972. “Having that support from parents and teachers working together makes a world of difference in education of children.”

Susan Smith, a teacher at Seven Oaks for 35 years, played a huge role in making this celebration happen.

“SOES is more than just a school. This is family,” Smith said. “We all have stayed really close over the years and leaned on each other. To see this turn-out today means the world to me because it truly shows the passion people have for this place and the relationships they built along the way.”

Larry Payne, the Seven Oaks and District Five Support Employee of the Year echoed Smith’s comments in his remarks.

“Seven Oaks might not have it all together,” he said. “But, together we have it all!”

As part of the special program, current students at Seven Oaks performed popular music from the 1960s. The audience were treated to many laughs as the student masters of ceremony introduced each song.

“I wonder what kind of food they ate back then?” student Tiger Long asked. “Pizza!” student Kalieb Johnson replied. “How do you figure that?” Long asked. “Because their name was The Supremes!”

Larry Houk served as principal at Seven Oaks for 19 years and was blown away when the students sang the school’s song.

“The Seven Oaks song was created when I served as principal here,” Houk said. “It was a contest geared towards families to write lyrics to the song. It is just a wonderful feeling to be here and hear the students at SOES today sing that song which brings back so many memories for me.”

The festivities concluded with a reception and tours of the school including the state-of-the-art production studio. Parents, students and staff past and present spent time reminiscing about the wonderful memories and bright future of Seven Oaks Elementary.

Seven Oaks Farm to close produce stand in Central Point after 19 years

CENTRAL POINT, Ore. — After 19 years of serving residents in the Rogue Valley, Seven Oaks Farm in Central Point is permanently closing its produce stand.Jerry Mefford, the owner of Seven Oaks Farm explained after dealing with a labor shortage for several years, he and his wife decided...

CENTRAL POINT, Ore. — After 19 years of serving residents in the Rogue Valley, Seven Oaks Farm in Central Point is permanently closing its produce stand.

Jerry Mefford, the owner of Seven Oaks Farm explained after dealing with a labor shortage for several years, he and his wife decided it was time to downsize.

“It's hard to get labor, if you ask anybody in agricultural, they will tell you that is a problem and that is going to be a future problem,” Mefford said.

When the coronavirus pandemic began, the American Farm Bureau Federation, an independent organization that states it represents farm and ranch families, released a report stating the COVID-19 outbreak would lead to a "serious labor shortage at a critical time".

Mefford explained the issue started long before the virus began to spread.

“We’ve actually been dealing with a shortage of labor for the past five years,” he noted.

Mefford said the farm has been in his family since 1924 and mentioned the change does not mean he is retiring, he is not selling any of his farm, nor will he grow hemp.

“We're going to mechanicals so my wife and I can do it all, we are going to mechanize so we don’t have to have any labor,” he said.

He explained they will now focus on producing alfalfa hay because it does not require outside help.

Mefford shared his gratitude for the community’s support throughout the years.

“We appreciate all the business we had in the past but you know its time for us to do something different and most people when they get close to their 60’s they either retire or do something different, we aren’t going to do that but we are still farming but we want to slow down a little bit,” he said. "We are still going to be busy but with less stress."

Mefford noted the family will have corn seed for sale on May 15 during Central Point’s citywide yard sale.

Irmo-Chapin Recreation Commission receiving $60K from SC Department of Education

The money will go to pay for 5 teachers from Lex Rich 5, supplies for their 30 minute STEM sessions and books for students to take home.LEXINGTON COUNTY, S.C. — Thanks to American Rescue Plan Act funding to schools here in the Midlands, hundreds of students will be catching up on learning this summer.Irmo Chapin Recreation Commission (ICRC) summ...

The money will go to pay for 5 teachers from Lex Rich 5, supplies for their 30 minute STEM sessions and books for students to take home.

LEXINGTON COUNTY, S.C. — Thanks to American Rescue Plan Act funding to schools here in the Midlands, hundreds of students will be catching up on learning this summer.

Irmo Chapin Recreation Commission (ICRC) summer camps are getting $60,000 to spend toward STEM-type learning, thanks to a South Carolina Department of Education grant.

"The purpose of the grant was to help with, stop the summer slide, so the purpose of the grant is for educational tutoring," program superintendent John Cantey said. "We're tricking the kids into learning."

RELATED: SC Department of Education to provide $14.5 million to expand summer, after-school learning to address COVID-19 losses

Officials say this will also help address the COVID slide, the delay in learning from the pandemic.

"This is a way we can keep them engaged in learning school activities throughout the summer so they're not losing everything they learned through the school year," Cantey said.

The money will go to pay for five teachers from Lexington-Richland District Five, supplies for their 30-minute STEM sessions and books for students to take home.

They've already secured these teachers and the program will run starting the second week of summer through the end of July.

RELATED: SC inches closer toward closing pandemic learning gap

Outside of this learning, students will be enjoying standard summer programming from the commission like field trips, games, nature walks and wildlife demonstrations.

"It's a reimbursable grant, so as we spend it and submit for reimbursement, then we'll get paid back from it," Cantey said.

These summer camps are at Seven Oaks Park, Leaphart Elementary and Crooked Creek Park.

Some of the other entities receiving grant money include Wings for Kids, the Columbia Urban League and the South Carolina Afterschool Alliance.

To learn more about the summer camps, click here.

Composite Sketch Released of Attempted Abduction Suspect

The Lexington County Sheriff’s Department on Wednesday released a composite sketch of a two 13-year-old girls and one 9-year-old girl from a mobile home park near West Columbia on Jan. 6.Detectives say the man attempted to kidnap the three girls while they were playing with friends outside their residences at the mobile home park at 3941 Charleston Highway around 7:30 p.m., Lexington County Sheriff James R. Metts said.Witnesses told deputies that the man who tried to kidnap the girls was in his 30s, Metts said.The ...

The Lexington County Sheriff’s Department on Wednesday released a composite sketch of a two 13-year-old girls and one 9-year-old girl from a mobile home park near West Columbia on Jan. 6.

Detectives say the man attempted to kidnap the three girls while they were playing with friends outside their residences at the mobile home park at 3941 Charleston Highway around 7:30 p.m., Lexington County Sheriff James R. Metts said.

Witnesses told deputies that the man who tried to kidnap the girls was in his 30s, Metts said.

The witnesses describe the man as either white or Hispanic, with lightly colored skin, was between 5 feet 10 inches and 6 feet, and weighed between 170 and 190 pounds. The man was unshaven and had dark hair cut very short.

The man also was described as wearing eyeglasses as well as a black jacket and dark colored blue jeans.

Police say a man stopped his vehicle and spoke with the two 13-year-old girls at the rear of the mobile home park, Metts said. While speaking with the girls, the man tried to lure the two girls into his vehicle but the two girls refused to get in.

Metts said the same man drove his vehicle to a playground at the mobile home park.

The man stopped and exited the vehicle then grabbed the 9-year-old trying to pull her inside his vehicle.

At the time of the incident, the girl was playing with friends outside her home, Metts said.

A friend of the 9-year-old girl began screaming when the man grabbed the 9-year-old girl, he said.

The man let the girl go and jumped back in his vehicle before driving away.

Witnesses describe the vehicle as a gray or blue four-door, older model sedan.

The front driver’s side window had tape on it and the paint on the sedan’s body appeared to be chipped or faded. Boxes and other items filled the rear passenger seat of the sedan.

Anyone with any information about the attempted abduction can call the Lexington County Sheriff’s Department at 803-785-8230 or CrimeStoppers at 1-888-CRIME-SC. Citizens also can provide information anonymously by accessing the Crime Tip link on the Sheriff’s Department website.

Santa Sightings in Columbia

Tree Lighting + Movie, Friday, December 3, 6:30–10 p.m., Icehouse Amphitheater— sing Christmas carols, take pictures with Santa and watch The Muppet Christmas Carol.Santa Saturday at the Museum, Saturday, December 4, 11 a.m.–3 p.m., S.C. State Museum—enjoy 50 percent off general admission to see Santa.Sensitive Santa, Wednesday, December 8–Friday, December 10, 5:30–8 p.m., Edventure Children’s Museum—children with sensory issues can meet Santa in a calm environment.Story Ti...

Tree Lighting + Movie, Friday, December 3, 6:30–10 p.m., Icehouse Amphitheater— sing Christmas carols, take pictures with Santa and watch The Muppet Christmas Carol.

Santa Saturday at the Museum, Saturday, December 4, 11 a.m.–3 p.m., S.C. State Museum—enjoy 50 percent off general admission to see Santa.

Sensitive Santa, Wednesday, December 8–Friday, December 10, 5:30–8 p.m., Edventure Children’s Museum—children with sensory issues can meet Santa in a calm environment.

Story Time with Santa, Friday, December 10, 3:30 p.m., South Congaree-Pine Ridge Branch Library, 200 Sunset Drive, West Columbia—don’t forget your kid’s letter to Santa to put in his special mailbox.

Cookies and Beer Pairing, Saturday, December 11, 4–9 p.m., River Rat Brewery—there will also be cookie decorating for kids, an ugly sweater contest, and a visit from Santa.

Riverbanks Zoo Lights Before Christmas, select evenings in December, 5–9 p.m., Riverbanks Zoo and Gardens—visit Santa’s Village for the ultimate North Pole experience.

West Columbia’s 17th Annual Tree Lighting, Friday, December 3, 6:30–8:30 p.m., Columbia City Hall—enjoy live entertainment and readings from Mrs. Claus.

68th Annual Carolina Carillon Holiday Parade, Saturday, December 4, 9:45 a.m., Sumter and Laurel Street—don’t miss the Official Holiday Parade of SC.

Breakfast with Santa, Saturday, December 4, 9 a.m.–12 p.m., Cayce Moose Lodge #462, 1541 Old Dunbar Road, West Columbia—bring the kids for pictures with Santa, crafts, and more.

Cooking with Santa, Saturday, December 4, 10:30 a.m.–1:15 p.m., Seven Oaks Park— bring the kids to cook Christmas-themed snacks and Santa-approved recipes.

Holidays at Edventure, Saturday, December 4–Sunday, December 5, Saturday, December 11–Sunday, December 12, Saturday, December 18–Thursday, December 23, Times Vary, Edventure Children’s Museum—visit with Santa, Mrs. Claus, and Jolly Elf.

Santa Train Rides, Saturday, December 4, 11, and 18, 10 a.m.–3 p.m., S.C. Railroad Museum, 110 Industrial Park Road, Winnsboro—take the kids on a special train ride with Santa.

Sundaes with Santa, Sunday, December 5, 12–4 p.m., S.C. State Fairgrounds—enjoy sweets with Santa at the Junior League Holiday Market.

Sunday with Santa, Sunday, December 5, 12–3 p.m., Columbia Metropolitan Airport— this event is open to both travelers and the general public.

Santa is Coming to Kid’s Night, Wednesday, December 8, 5–7 p.m., East Bay Deli West Columbia—kids can hand-deliver their letters to Santa and eat for free.

Cookies and Cocoa with Santa, Friday, December 10, 5–6:30 p.m., Columbia College—registration is encouraged.

Restaurant Visit from Santa and Mrs. Klaus, Monday, December 13, 5:30 p.m., D’s Wings.

NoMa Warehouse Holiday Weekend Market, Friday, December 17–Saturday, December 19, times vary, NoMa Warehouse—shop, sip, snack, socialize, and see Santa.

Bagels with Santa, Monday, December 20, 10:30 a.m.–12:30 p.m., Bruegger’s Bagels, 945 Lake Murray Boulevard, Irmo.

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