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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

Kindergarten student was taped to chair and a teacher’s aide is in jail, SC cops say

A woman is in jail after taping a kindergarten student to a chair, the Lexington County Sheriff’s Department said Thursday.Olivia Michelle Murray, a 25-year-old Columbia resident, was charged with cruelty to children, the sheriff’s department said in a news release. Murray is no long...

A woman is in jail after taping a kindergarten student to a chair, the Lexington County Sheriff’s Department said Thursday.

Olivia Michelle Murray, a 25-year-old Columbia resident, was charged with cruelty to children, the sheriff’s department said in a news release. Murray is no longer employed by Lexington-Richland 5, a spokeswoman told The State.

The incident happened Wednesday at Seven Oaks Elementary School, where Murray worked as a teacher’s aide, according to the release. The Lexington-Richland 5 school is on Ashland Road, near the intersection with St. Andrews Road and about half a mile from Exit 106 on Interstate 26.

Murray used duct tape to confine the 4K student’s legs to a chair, Sheriff Jay Koon said. The incident happened while the teacher was out of the classroom, according to Koon.

“Murray told detectives the student had been moved to the back of the classroom for being disruptive and not listening,” Koon said in the release.

Information on the student’s condition was not available.

Murray was arrested at her home on Wednesday night and was taken to the Lexington County Detention Center, according to the release.

She remained behind bars Thursday, and no bond had been set at of 11:15 a.m., jail records show.

Lexington-Richland 5 said it works “hard to ensure a safe learning environment at our schools and work closely with law enforcement to make safety our top priority.”

The school district said it’s working with law enforcement in the ongoing investigation and had no further comment.

If convicted on the misdemeanor charge, Murray faces a maximum punishment of 30 days in jail, according to South Carolina law.

This is a developing story, check back for updates.

This story was originally published March 2, 2023, 11:23 AM.

Record-breaking heat, drought conditions ruining corn crop for Orangeburg Co. farm

COLUMBIA, S.C. (WIS) - Farmers in Orangeburg County are begging for rain with hot and dry conditions outside putting their crops at risk.The Seven Oaks Farm right off Highway 321 in North produces about 1,000 acres of corn, cotton, and peanuts, but it’s the corn that’s most at risk because of recent drought conditions.After going several days with no rain and a record-breaking heatwave to top it off, the co-owner of Seven Oaks Farm, Jeffrey Axon, said some of his corn is significantly damaged and some corn is alread...

COLUMBIA, S.C. (WIS) - Farmers in Orangeburg County are begging for rain with hot and dry conditions outside putting their crops at risk.

The Seven Oaks Farm right off Highway 321 in North produces about 1,000 acres of corn, cotton, and peanuts, but it’s the corn that’s most at risk because of recent drought conditions.

After going several days with no rain and a record-breaking heatwave to top it off, the co-owner of Seven Oaks Farm, Jeffrey Axon, said some of his corn is significantly damaged and some corn is already considered unsellable because of the unfavorable weather.

There’s a distinct difference in the two fields of corn crop on opposite sides of Creek Mill Road at Seven Oaks. One side is irrigated which helps to make up for the lack of rain, but the other side is what’s called “dry land corn” – visibly smaller and wilted from the lack of water, and the bump in temperatures over the last few days hasn’t helped.

It’s bad timing for farmers growing corn, says Axon, who said he hasn’t seen any rain in, “a good three weeks and the corn right now is at a critical time for needing a lot of rain. So, the combination of the extreme heat the lack of rainfall is really starting to take a toll on the corn crop.”

Even the irrigation process will only help so much to combat the recent drought. According to Axon, using irrigation to make up for lost rain can also be counterproductive.

“We’re at the point now where even the heat and dry weather can take a toll on the irrigated crop. The irrigation is not meant to replace the rain that God gives us,” said Axon. “It’s meant to supplement it. So, it’s getting to the point where it’s hard to keep up. The more we run it, the bigger the power bill and the less profit we’re able to make as we have to put so much money into keeping the water running.”

Only about 25% of the corn crops at the Seven Oaks Farm are “dry land corn,” which is still about 100 acres of corn that could be a complete loss now because of the recent drought-like conditions. Even if we get some rain, at this point Axon fears it may be too late for some of the corn, and our meteorologists say there is no sign of any relief for at least another week.

The Seven Oaks farmers typically harvest the corn in late August or early September, and are hoping this setback won’t damage too much of their product.

Copyright 2019 WIS. All rights reserved.

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.

Here are the 5 places in the Columbia SC area where homes are most affordable

Columbia has been hot for a while now and not just because of the weather.Often referred to as ‘famously hot’ because of the high summer temperatures every year, Columbia has also been h...

Columbia has been hot for a while now and not just because of the weather.

Often referred to as ‘famously hot’ because of the high summer temperatures every year, Columbia has also been hot lately in terms of attracting new residents. For instance, Columbia recently ranked second among all U.S. cities that gained the most new 18 to 24 year olds or Generation Z. The 2021 Census data, compiled in a report by Today’s Homeowner, shows that Columbia had a net gain of 11,640 Gen Z residents.

And more broadly, according to more recent, preliminary Census data, South Carolina was the third fastest-growing state in 2022.

However, more people drives demand for housing and Columbia has not been immune to this fact. Sales prices for homes in the Columbia area have skyrocketed in recent years.

The greater Columbia area has a median sales price of $250,000 for 2023 as of February — up 2% from $245,000 for the same period last year, South Carolina Realtors statistics show.

But fear not, for there are places in the Columbia area that offer more affordable housing.

Redfin, a residential real estate brokerage website, has used its latest March housing market data to compile a list of the most affordable places in the Columbia area to buy a home. Affordability is based on whether the city or unincorporated area’s median home sale price or average sale price per square foot is less than Columbia and under a 25-minute drive from downtown Columbia.

Here are the five most affordable places in the Columbia area.

The unincorporated community of Red Bank is about a 25-minute drive from Columbia proper. It has a median home price of $239,750 and $155 average sale price per square foot.

“With 10,900 people living in this affordable town, Red Bank is a great option to consider when looking to stay close to Columbia without paying the premium for a home in the city,” Redfin states.

West Columbia’s listed median home price is $215,000 has an average sale price of $153 per square foot. With a population around 17,400, the city boats plenty of things to do and places to eat. Enjoy the riverfront views at West Columbia Riverwalk Park and Amphitheater and then stop by the Riverbanks Botanical Garden. Also, downtown Columbia is only an 8-minute drive away.

Drive 15 minutes outside of Columbia to find Seven Oaks. The area has a population of just under 15,000 and several places to check out nearby, such as Seven Oaks Park and the Environmental Center at Saluda Shoals Park. Seven Oaks has a listed median home price of $191,000 and an average sales price of $130 per square foot.

Woodfield is a suburb of Columbia with a population of around 9,200 people. It’s median home price is $160,000 and it has an average sale price of $136 per square foot. And at just a 20 minute drive from Columbia, you can easily visit places like Riverbanks Zoo & Garden. Or, if boating and fishing are your hobbies, just take another quick drive to Lake Murray.

With a median home price of $158,950 and an average sale price of $101 per square foot, Denstville tops Redfin’s list of most affordable places around Columbia. The Columbia suburb with more than 14,000 people is a 15-minute drive from the city. It’s also a short drive from Sesquicentennial State Park, where there’s plenty of hiking and camping options available.

Here’s the latest on more than 1,000 new homes planned in York and Lancaster counties

More than 1,000 new homes and townhomes are proposed in York and Lancaster counties.Some already have their decisions, while many more await decisions from planning commissions or councils. The York...

More than 1,000 new homes and townhomes are proposed in York and Lancaster counties.

Some already have their decisions, while many more await decisions from planning commissions or councils. The York County planning commission will meet May 9. Decisions must be made on a final land sale in Baxter, a large York property with hundreds of proposed homes, and an extension of time for a large Lake Wylie development.

Projects include:

? Owner Clear Springs Baxter and developer Fielding Homes applied for a new townhome subdivision at Sixth Baxter Crossing and Hugh Street, near North Sutton Road. The property is almost 3 acres. The plan involves 20 townhomes.

The Borough at Sixth Baxter is, according to county information sent to the planning commission, the last lot in Baxter Village to be sold by Clear Springs Baxter. The property is near both residential and commercial space, including an urgent care site.

? The Bull Creek project in York is back up for county review. County planning staff recommends against the plan for a 409-lot manufactured home community at 975 McAfee Court. County planning staff doesn’t believe that scale of development is consistent with residential and agricultural uses in that area now, according to information sent to the planning commission. The 155-acre property has 62 mobile homes on it now.

? Owners of 14 acres on Saluda Street in Rock Hill applied to rezone the property to allow a new 11-home subdivision. There are five manufactured homes there, plus wooded and grassy areas. A sketch plan shows all 11 lots off a single entrance from Saluda, which leads to a cul-de-sac.

The property is east of Ogden Farms and south of Cedarbrook, between Porter Black Road and Autumnwood Drive.

? Almost 200 more homes are still planned, but could come later than was laid out in a prior county approval. Fielding Homes got county approval to build four new phases of Paddlers Cove in Lake Wylie. The 135-acre new portion of the existing subdivision is set for 195 homes.

County approvals typically come with two-year vested rights. Developers have to request annual extensions if they don’t start until after the vested rights period ends. Developers get up to five such extensions. The owner asks the county now for an extension to run through March 2023.

The Lancaster County planning commission met Thursday night. The commission recommended a zoning change for almost 44 acres that would allow a new home subdivision. Lancaster County Council will make the final decision.

The property on the southeast corner of Fork Hill Road and Little Dude Avenue is owned by R&C Investments. Earl Coulston applied for the zoning change. The site is just north of Kershaw, about a mile west of Haile Gold Mine.

Dale Robertson is a partner with R&C Investments. Robertson has done other residential projects in that area, with the mine in mind.

“There’s just a lot of people that are driving an hour and fifteen minutes, some of them two hours, to work,” Robertson told the planning commission Thursday. “There’s hardly no houses down there for people to buy.”

A plan with an exact number of new homes hasn’t been submitted, but the new zoning would allow up to 2.5 homes per acre. Or, roughly 110 homes for a property that size.

An even larger project was on the planning commission agenda Thursday, but was deferred until next month. Rezoning and a development agreement are proposed for Arbor Walk. That new home subdivision could have 233 homes on almost 113 acres on Vance Baker Road.

The planning commission in Rock Hill met Tuesday, where one of several property proposals was the Arbors at Seven Oaks project. Owner Rock Hill Multifamily Investments applied for preliminary plat approval on Springsteen Road and Evelyn Street. There are three parcels, two in front of the Seven Oaks subdivivision and the other with a pond on Evelyn.

Plans show 148 townhomes proposed on 21 acres. The site was approved for 220 apartments in 2014. Plans have changed and been pushed back several times due to utility and other negotiations.

Several road upgrades are part of the plan. Access to the site southwest of Seven Oaks Boulevard will come from a new driveway connection to Springsteen. The area northeast of Seven Oaks Boulevard will have a new drive onto Springsteen and and another onto Evelyn, across from Wildwood Drive. A left turn lane on Springsteen at Evelyn will be added, and the intersection will be realigned. Springsteen also will be widened to create a center turn lane.

This story was originally published May 6, 2022, 11:39 AM.


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