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

My name is Dan Crance - Surrounding Lexington'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 Surrounding Lexington, 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 Surrounding Lexington, SC
 Refinance Surrounding Lexington, SC

Why Choose Dan Crance As Your Mortgage Lender in Surrounding Lexington, 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 Surrounding Lexington, SC

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

 FHA Mortgages Surrounding Lexington, 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 Surrounding Lexington, SC.

Refinancing in
Surrounding Lexington, 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 Surrounding Lexington, 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 Surrounding Lexington, 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 Surrounding Lexington, 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 Surrounding Lexington, 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 Surrounding Lexington 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 Surrounding Lexington, SC

Trust Dan Crance

Your Mortgage Lender in Surrounding Lexington, 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 Surrounding Lexington loves Classic Home Mortgage.

After hours by appointment only. CONTACT DAN

Latest News in Surrounding Lexington, SC

High winds devastate portions of northwestern Lexington County near Chapin Monday night

Chapin, SC 06/27/2023 (Paul Kirby) – Extremely high winds struck areas out of the Lexington County town of Chapin Monday night causing many people to continue to be without power as crews worked throughout the day Tuesday to try and get multiple communities back online. Homes were damaged by falling trees and many roads were completely blocked by debris as crews continue to work to return the area to some sort of a semblance of normalcy. The first reports of the severe weather began coming in just after 10:30 p.m. in the vicinity of We...

Chapin, SC 06/27/2023 (Paul Kirby) – Extremely high winds struck areas out of the Lexington County town of Chapin Monday night causing many people to continue to be without power as crews worked throughout the day Tuesday to try and get multiple communities back online. Homes were damaged by falling trees and many roads were completely blocked by debris as crews continue to work to return the area to some sort of a semblance of normalcy. The first reports of the severe weather began coming in just after 10:30 p.m. in the vicinity of Wessinger Road and Putnam Drive. Wessinger Road is the only road in and out of a peninsula that juts out into Lake Murray and is bounded by Bear Creek on one side and John’s Creek on the other.

Putnam Drive was completely closed by the storm and remains that way late Tuesday. The storm knocked the utility infrastructure down snapping poles into splinters and bringing the power lines down across the road all along its length. Large trees were snapped off and laying across the asphalt as late as 4:00 p.m. Tuesday afternoon. A number of homes in the area were damaged by falling trees and the high winds. Crews were still working to clear the road to provide access to the end of that point.

Ben Kirby, a resident of Indian Summer Point off Libby Ariel Circle within a mile of Putnam Drive, said that a cooperative group of utility crews that included Mid-Carolina Electric, Dominion Energy, and the sub-contractor Sumter Utilities, were all in the area replacing power poles and utility infrastructure so that they could begin restringing electric wire sometime in the future. Kirby said his power went out about 10:30 p.m. Monday night and he didn’t expect it to be restored for several days. He had used his chainsaw to clear enough of the road into his home so that he and his neighbors could drive in and out if they needed to. He said that many of his neighbors had whole home generator systems that kept their homes comfortable. Kirby was using smaller generators to keep his refrigerators and freezers running but said he would probably stay with family tonight so that they could have air conditioning until their power was restored.

Emergency radio traffic coming into Lexington County’s 911 Center Monday night indicated that the worst of the storm first ripped down Putnam Drive, then crossed Bear Creek. The storm quickly began to ravage trees, homes, and utility infrastructure out on the Amick’s Ferry Road peninsula. Timber Lake Country Club reported Tuesday that they have as many as 60 to 70 trees around their golf course that were down, and the first 9 holes of the course were extremely dangerous due to storm damage. Many homes in the Timberlake area were also damaged by the high winds as were homes and buildings in the surrounding areas of that community.

The County of Lexington had employees of its Emergency Management Division working Tuesday assessing the storm damage. They also asked anyone who had photos of storm damage from that area to call 803-785-2449. Photos can be sent to the county using the email address tshehow@lex-co.com. All emails should include the home address in the subject line.

Chris Jackson, a noted local and national weather authority based out of the Midlands of SC, said that he felt this damage was not done by a tornado but rather straight-line winds from a microburst. Jackson said that the damages from these types of storms can be identical or even more severe than small or weaker tornadoes. He also said that they don’t get the attention they deserve because they don’t cause the same fear factor that the word tornado carries. The National Weather Service usually classifies a storm such as this as a tornado only after studying the images of the radar. This can show rotation in several different colors where winds moving away from a central core may be one color and then as it rotates back toward the core in a circular motion another color. They also can use other indicators. Jackson often explains on his social media pages like https://www.facebook.com/MySCWeather/ how all this works. As of Tuesday evening, there was no indication that the NWS was going to contradict Jackson and classify last nights weather event as a tornado either.

Steamed bagel sandwich chain to expand to Lexington, other spots in the county

A regional chain that makes bagels, not to be toasted and schmeared but to be loaded with meat and toppings and steamed, is headed to Lexington, with other county locations to follow.Sully’s Steamers, which opened its first Midlands location on Devine Street in Columbia last week, is set to take over the spot formerly occupied by Kitty's Hallmark Shop, nestled in the small Kitty’s Corner shopping center at 5580 Sunset Blvd.Brandon McCullough, an operating partner for Sully’s Steamers Columbia, said the franchi...

A regional chain that makes bagels, not to be toasted and schmeared but to be loaded with meat and toppings and steamed, is headed to Lexington, with other county locations to follow.

Sully’s Steamers, which opened its first Midlands location on Devine Street in Columbia last week, is set to take over the spot formerly occupied by Kitty's Hallmark Shop, nestled in the small Kitty’s Corner shopping center at 5580 Sunset Blvd.

Brandon McCullough, an operating partner for Sully’s Steamers Columbia, said the franchise group owned by Michael Stuckey won’t be done expanding when the Lexington shop opens, hopefully between late October and early November.

Stuckey, the executive chef for Southern Way Catering, is also looking to expand to Irmo, Forest Acres and West Columbia, along with adding a second Lexington location, in the near future, though McCullough noted that exactly where those additional locations will end up is still up in the air.

The operating partner, who will take on direct leadership of the Lexington location once it opens, said he believes the chain’s emphasis on quality ingredients sold at an affordable price — about $7-$10 a sandwich at the Devine Street location — help set it apart amid a fast food and casual dining landscape that increasingly offers lesser food at escalating prices.

But explaining why people shouldn’t expect a bagel with a spread when they come in can still be a challenge, he admitted.

“It's the constant challenge,” McCullough said. “We are a sandwich shop that happens to use bagels. We take pride in all of our products. We have cream cheeses on a lot of our different sandwiches. And at the end of the day, we want people to be happy with what they got. But we just feel like our product is different. In that a toasted bagel with the smear is something you can find someplace else, but a steamed sandwich makes us unique.”

The chain — which lists nine current locations in North Carolina, South Carolina and Georgia on its website (with five of those locations being in the South Carolina Upstate) — offers a variety of sandwiches. There are breakfast options, but the menu emphasizes “Legendary” lunch-leaning sandwiches like The Griswold (which comes with turkey, bacon, provolone, paper jack, lettuce, barbecue and parm-peppercorn sauce).

While Sully’s moved into a newly erected building in Columbia, McCullough said he’s excited to be able to renovate a pre-existing space in Lexington, explaining that the franchise wants to become a part of the neighborhood wherever it goes.

To wit, he said they’ve identified parking as something that’s sometimes lacking in Lexington, which is why they went for a shopping center that he said will soon improve its lot to include 60-70 spots.

“We really liked the Lexington area kind of because it's its own thing,” he said of why the town made sense for the group’s second location. “It's its own kind of part of Columbia but not, it’s in the suburbs. [We] just felt like hit Columbia on Devine Street, get the other side with Lexington and all the locals over there, and it would just be the best of both worlds.”

Keywords

sully's steamers, lexington restaurant, kitty's corner, sunset boulevard, west columbia food, irmo openings

Steamed bagel sandwich chain to expand to Lexington, other spots in the county

A regional chain that makes bagels, not to be toasted and schmeared but to be loaded with meat and toppings and steamed, is headed to Lexington, with other county locations to follow.Sully’s Steamers, which opened its first Midlands location on Devine Street in Columbia last week, is set to take over the spot formerly occupied by Kitty's Hallmark Shop, nestled in the small Kitty’s Corner shopping center at 5580 Sunset Blvd.Brandon McCullough, an operating partner for Sully’s Steamers Columbia, said the franchi...

A regional chain that makes bagels, not to be toasted and schmeared but to be loaded with meat and toppings and steamed, is headed to Lexington, with other county locations to follow.

Sully’s Steamers, which opened its first Midlands location on Devine Street in Columbia last week, is set to take over the spot formerly occupied by Kitty's Hallmark Shop, nestled in the small Kitty’s Corner shopping center at 5580 Sunset Blvd.

Brandon McCullough, an operating partner for Sully’s Steamers Columbia, said the franchise group owned by Michael Stuckey won’t be done expanding when the Lexington shop opens, hopefully between late October and early November.

Stuckey, the executive chef for Southern Way Catering, is also looking to expand to Irmo, Forest Acres and West Columbia, along with adding a second Lexington location, in the near future, though McCullough noted that exactly where those additional locations will end up is still up in the air.

The operating partner, who will take on direct leadership of the Lexington location once it opens, said he believes the chain’s emphasis on quality ingredients sold at an affordable price — about $7-$10 a sandwich at the Devine Street location — help set it apart amid a fast food and casual dining landscape that increasingly offers lesser food at escalating prices.

But explaining why people shouldn’t expect a bagel with a spread when they come in can still be a challenge, he admitted.

“It's the constant challenge,” McCullough said. “We are a sandwich shop that happens to use bagels. We take pride in all of our products. We have cream cheeses on a lot of our different sandwiches. And at the end of the day, we want people to be happy with what they got. But we just feel like our product is different. In that a toasted bagel with the smear is something you can find someplace else, but a steamed sandwich makes us unique.”

The chain — which lists nine current locations in North Carolina, South Carolina and Georgia on its website (with five of those locations being in the South Carolina Upstate) — offers a variety of sandwiches. There are breakfast options, but the menu emphasizes “Legendary” lunch-leaning sandwiches like The Griswold (which comes with turkey, bacon, provolone, paper jack, lettuce, barbecue and parm-peppercorn sauce).

While Sully’s moved into a newly erected building in Columbia, McCullough said he’s excited to be able to renovate a pre-existing space in Lexington, explaining that the franchise wants to become a part of the neighborhood wherever it goes.

To wit, he said they’ve identified parking as something that’s sometimes lacking in Lexington, which is why they went for a shopping center that he said will soon improve its lot to include 60-70 spots.

“We really liked the Lexington area kind of because it's its own thing,” he said of why the town made sense for the group’s second location. “It's its own kind of part of Columbia but not, it’s in the suburbs. [We] just felt like hit Columbia on Devine Street, get the other side with Lexington and all the locals over there, and it would just be the best of both worlds.”

Keywords

sully's steamers, lexington restaurant, kitty's corner, sunset boulevard, west columbia food, irmo openings

Lexington residents to vote on sales tax increase to improve roads

Lexington County residents will vote on Tuesday on a proposed penny-on-the-dollar sales tax to improve county roads.The Capital Project Sales Tax is a proposed tax that would raise funds exclusively for improving roads in Lexington County.The tax is known as a penny tax, meaning for every dollar spent, an additional tax of 1-cent will be charged on top of the existing sales tax, which in Lexington County is 7%.If passed, the tax will go into effect in May 2023. The tax will raise an estimated $536 million dollars, all of...

Lexington County residents will vote on Tuesday on a proposed penny-on-the-dollar sales tax to improve county roads.

The Capital Project Sales Tax is a proposed tax that would raise funds exclusively for improving roads in Lexington County.

The tax is known as a penny tax, meaning for every dollar spent, an additional tax of 1-cent will be charged on top of the existing sales tax, which in Lexington County is 7%.

If passed, the tax will go into effect in May 2023. The tax will raise an estimated $536 million dollars, all of which will fund road improvement projects, according to the project’s website. Specifically, the tax would pay for road, intersection and bridge improvements and paving dirt roads.

Lexington County Administrator Lynn Sturkie said the funds just aren’t there for road improvements in the current budget.

The tax is not permanent and will end after eight years. Sturkie said for it to last longer, voters would need to approve it again.

The 1% tax would not be applied to unprepared grocery items, gasoline or prescription drugs, according to the CPST website.

Attorney Rich Bolen doesn’t think the tax is worth it, however.

“It’s just a bad idea for the government to take more money from us during a recession,” Bolen said.

He agrees that the roads do need to be fixed. But he worries the tax will do more harm than good for people who are already struggling financially.

“The average person who’s trying to get by with gas costing twice as much and rent going up and electricity costs going up and winter coming, just don’t need another 1% taken away from them,” Bolen said.

Leigh Lowry, membership director for the Lexington Chamber & Visitors Center, said “there’s never really a good time to raise taxes.” But she knows the roads desperately need improvement.

“Quite frankly, something has to be done now, because if we continue to put it off as residents, our roads will get worse and our roads will become more congested,” Lowry said.

She said all other counties surrounding Lexington already have penny taxes or transportation taxes that help pay for their roads.

“We have a wonderful town, a wonderful county,” Lowry said. “The people want to live here, and we need our infrastructure to match our community and our schools.”

More information about the proposal can be found at https://www.lexingtoncountycpst.com.

Lexington residents to vote on sales tax increase to improve roads

Lexington County residents will vote on Tuesday on a proposed penny-on-the-dollar sales tax to improve county roads.The Capital Project Sales Tax is a proposed tax that would raise funds exclusively for improving roads in Lexington County.The tax is known as a penny tax, meaning for every dollar spent, an additional tax of 1-cent will be charged on top of the existing sales tax, which in Lexington County is 7%.If passed, the tax will go into effect in May 2023. The tax will raise an estimated $536 million dollars, all of...

Lexington County residents will vote on Tuesday on a proposed penny-on-the-dollar sales tax to improve county roads.

The Capital Project Sales Tax is a proposed tax that would raise funds exclusively for improving roads in Lexington County.

The tax is known as a penny tax, meaning for every dollar spent, an additional tax of 1-cent will be charged on top of the existing sales tax, which in Lexington County is 7%.

If passed, the tax will go into effect in May 2023. The tax will raise an estimated $536 million dollars, all of which will fund road improvement projects, according to the project’s website. Specifically, the tax would pay for road, intersection and bridge improvements and paving dirt roads.

Lexington County Administrator Lynn Sturkie said the funds just aren’t there for road improvements in the current budget.

The tax is not permanent and will end after eight years. Sturkie said for it to last longer, voters would need to approve it again.

The 1% tax would not be applied to unprepared grocery items, gasoline or prescription drugs, according to the CPST website.

Attorney Rich Bolen doesn’t think the tax is worth it, however.

“It’s just a bad idea for the government to take more money from us during a recession,” Bolen said.

He agrees that the roads do need to be fixed. But he worries the tax will do more harm than good for people who are already struggling financially.

“The average person who’s trying to get by with gas costing twice as much and rent going up and electricity costs going up and winter coming, just don’t need another 1% taken away from them,” Bolen said.

Leigh Lowry, membership director for the Lexington Chamber & Visitors Center, said “there’s never really a good time to raise taxes.” But she knows the roads desperately need improvement.

“Quite frankly, something has to be done now, because if we continue to put it off as residents, our roads will get worse and our roads will become more congested,” Lowry said.

She said all other counties surrounding Lexington already have penny taxes or transportation taxes that help pay for their roads.

“We have a wonderful town, a wonderful county,” Lowry said. “The people want to live here, and we need our infrastructure to match our community and our schools.”

More information about the proposal can be found at https://www.lexingtoncountycpst.com.

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