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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
Terry Traxler
- Originating Branch Manager
- Columbus, OH Mortgage Loan Officer
- NMLS #263350
I’ll be with you every step of the way
Hi, I’m Terry. After two years as a teacher, I decided to try a new profession in 2002. I’d always been great with finances and talking to people, so the mortgage business seemed to be a natural fit – and it most certainly was! As a trusted loan officer at our Columbus, OH branch at America’s #1 Retail Mortgage Lender, I earned Mortgage Executive Magazine’s Top 1% of Mortgage Originators in America award in 2020 with $40 million in annual production. With an amazing processor and assistant having my back, you can count on my team and me to get it done.
Over the years, we’ve found the main reason clients aren’t satisfied with their mortgage service is a lack of knowledge or communication. That’s why we’ll work very hard to make sure you have the knowledge to make a confident financing decision. I offer expertise in structuring total finances along with grants and conventional, VA, FHA, and USDA loan programs. Together, we’ll make your mortgage feel like a win.
Terry’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.