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881 Dover Drive, Suite 110 Newport Beach, CA 92663 Mobile (818) 324-3802 Tel (805) 985-2808 [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
Carlos Camargo
- Originating Branch Manager
- Newport Beach, CA Mortgage Loan Officer
- NMLS #362117
Financing futures with reverse mortgages
Hi, I’m Carlos, and I’ve served families in California for over 21 years. For more than 17 years, I’ve specialized in educating families and their advisors about reverse mortgages, real estate, and home financing. Often overlooked and misunderstood, it’s my mission to show people the power and value of the strategic use of home equity for retirement planning and success.
As America’s #1 Retail Mortgage Lender, my team and I offer a wide range of reverse mortgage options for clients 55 and older. I’ll walk you through how these financing solutions can help improve your retirement finances and help you achieve your goals, including paying for home repairs, moving to a new place, or covering medical expenses. Together, we’ll make a plan that works for you.
On a personal note, I’ve been married to my wife, Tracy, for 26 years, and we’ve been able to adopt three of our four girls. I love being part of the West Ventura County community.
Carlos’s testimonials
Guides and resources
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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.