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- friday: 8:00AM – 5:00PM
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- Purchase
- Refinance
Michael Zachman
I’ll be with you every step of the way
Hi, I’m Michael Zachman, and when purchasing a home, you need someone patient, caring, and committed to you along the way. I work on one of the top teams in the nation, known for providing nothing but the absolute best in world-class service. Our team helps you find the right terms for your budget, provides swift and accurate preapprovals, and delivers a tailored approach to your situation in Delray Beach, FL.
With over a decade of experience working in real estate, I understand how stressful the financial aspects of buying or borrowing can be. My team will give you honest and accurate advice while guiding you through the process. Whether you’re a first-time homebuyer or looking to refinance your home, call us today to start making your homeownership dreams come true at America’s #1 Retail Mortgage Lender.
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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.