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43252 Woodward Ave. Suite 202 Bloomfield Hills, MI 48302 Mobile (248) 778-6683 Tel (248) 409-3992 [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
Mike LaBara
- Mortgage Loan Consultant
- Bloomfield Hills, MI Mortgage Loan Officer
- NMLS #697435
I’ll be with you every step of the way
Hi, I’m Mike, and after finance homes in and around Bloomfield Hills, MI for almost 20 years, I’ve realized the most important part is the people. Home loan products and rates are well-suited for the times, but my true passion is using the tools available at America’s #1 Retail Mortgage Lender to deliver attainable solutions for my clients.
Whether you’re a new homebuyer or looking to refinance, I’m a real problem-solver when it comes to qualifying you or finalizing a mortgage loan to fit your specific circumstances. I specialize in many different types of financing programs and am well-versed in the guidelines that drive an easy process. I make sure you feel cared for by listening to your needs.
As I guide you along your mortgage journey, communication is the key to answering your questions every step of the way. I provide stellar customer service and can accommodate your busy schedule. I understand this will be one of your biggest investments and will come through for you when it matters most.
Mike’s testimonials
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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.