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1810 E Glenn Avenue, Suite 150 Auburn, AL 36830 Mobile (334) 521-2507 Tel (205) 383-4887 [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
Gregory Powell
- Loan Officer
- Auburn, AL Mortgage Loan Officer
- NMLS #2163983
I’ll be with you every step of the way
Hi, my name is Gregory, and I’m here to help you unlock the doors to your dream home! As a member of our Auburn, AL team, I’m proud to offer the expertise and resources of America’s #1 Retail Mortgage Lender to make that happen.
Growing up in Montgomery, I’ve lived most of my life in Central and East Alabama. After earning my degree in mechanical engineering from Auburn University in 1999, I worked in various engineering roles. I’ve always had a passion for real estate, from renovations to rental management and investments. Now, I’m excited to put my experience to work for you through home financing.
When you work with me, I’ll listen carefully to understand your goals. Whether you’re a first-time homebuyer or an experienced homeowner, I’ll guide you through each step of the loan process. My wife, Kathy, and I have two boys – Harrison and William – who keep us busy with school bands, sports, and travel. I’m also active with Embrace Church in Auburn, serving as finance chairperson and involved with my sons’ Boy Scout troop.
Gregory’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.