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1220 Broadcasting Road, Ste. 201 Wyomissing, PA 19610 Mobile (484) 987-0599 Tel (610) 871-7285 [email protected]
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- monday: 8:00AM – 5:00PM
- tuesday: 8:00AM – 5:00PM
- wednesday: 8:00AM – 5:00PM
- thursday: 8:00AM – 5:00PM
- friday: 8:00AM – 5:00PM
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- Purchase
- Refinance
Ricardo Rivera
- Outside Loan Originator
- Wyomissing, PA Mortgage Loan Officer
- NMLS #2159014
I’ll be with you every step of the way
Hi, I’m Ricardo, and I became a loan officer in 2022 after six years in financial services and purchasing two homes myself. My goal is to make the homebuying process clearer and more accessible to the Spanish-speaking community here in Allentown, PA. I’m passionate about helping you understand each part of the mortgage process, simplifying complex terms, and making sure you feel confident throughout your homebuying journey.
Whether it’s conventional, jumbo, FHA, or VA loans, I’ll guide you through your options and find the one that’s right for you, supported by America’s #1 Retail Mortgage Lender. From application to closing, I’ll keep you updated and answer every question you have along the way. And when it’s time to refinance, I’ll be here for that too!
When I’m not working, you can find me playing basketball, enjoying the pool, or traveling. I look forward to giving you an outstanding home financing experience!
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How much will my mortgage payment be?
This calculator is being provided for educational purposes only. The results are estimates based on information you provided and may not reflect CrossCountry Mortgage, LLC product terms. The information cannot be used by CrossCountry Mortgage, LLC to determine a customer’s eligibility for a specific product or service.
Inspiration for your home loan journey
Frequently asked questions
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Refinancing costs typically range from 2% to 6% of the loan amount and include fees such as appraisal, title insurance, and closing costs. Factors like your loan type, location, and credit score can significantly impact these expenses. Our team can help to provide strategies that can help minimize costs.
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To determine how much home you can afford, you’ll want to assess your financial situation. This includes your income, expenses, and debt-to-income ratio, to ensure your mortgage fits comfortably within your budget. A general guideline is to spend no more than 28% of your gross monthly income on housing costs and 36% on total debt.
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A good credit score typically starts at 620 for conventional loans, while FHA and VA loans may accept scores as low as 500, though higher scores offer better terms. A strong credit score can help you secure lower interest rates, saving you significant money over the life of a home loan.
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A Home Equity Line of Credit (HELOC) is a revolving line of credit that allows homeowners to borrow against the equity in their home. HELOCs function like a credit card, giving access to funds up to a set limit, which can be used for expenses like renovations or debt consolidation. You only pay interest on the amount you borrow, and the repayment terms typically include a draw period followed by a repayment period.
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To calculate your mortgage payments, start with your loan amount, interest rate, and loan term. Your payment will depend on the interest charged over time and the repayment schedule. You can use a monthly mortgage payment calculator or connect with us to learn more.