Welcome to CrossCountry Mortgage in Elk Grove Village — where personalized service meets industry expertise.
Founded by Branch Manager & Regional Vice President Rich Kimball in 2012, our branch is home to a diverse group of loan officers who bring unique strengths, specialties and experience to the mortgage process. CCM is licensed in all 50 states, allowing us to serve more clients with a shared commitment to integrity, communication and efficiency.
Whether you’re a first-time homebuyer, refinancing or exploring investment opportunities, our loan officers are here to help you navigate your options with confidence. We take the time to understand your goals, tailor solutions to fit your situation and make the process smooth from start to finish.
As part of America’s #1 Retail Mortgage Lender, we combine national resources with local insight to deliver a seamless experience that gets you home — faster and smarter.
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.
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.
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.
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.
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.
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.