-
- monday: 6:00AM – 3:00PM
- tuesday: 6:00AM – 3:00PM
- wednesday: 6:00AM – 3:00PM
- thursday: 6:00AM – 3:00PM
- friday: 6:00AM – 3:00PM
- saturday: 6:00AM – 3:00PM
- sunday: 6:00AM – 3:00PM
-
- Condo Mortgage
- FHA Loan
- Home Equity
- Purchase
- Reverse Mortgage
Frank Borg
- Senior Loan Officer
- Everett, WA Mortgage Loan Officer
- NMLS #397306
I’ll be with you every step of the way
Hi, my name is Frank Borg, and I’m excited to help you open the doors to your dream home! Since starting in mortgages in the early 2000s, the most important thing I’ve learned is the value of asking good questions and listening. As a trusted loan officer at our Everett, WA branch, part of America’s #1 Retail Mortgage Lender, I focus on understanding your individual goals to help you make the right financing decisions.
As a reverse mortgage professional, my ability to listen is combined with providing education on available solutions for a fulfilling life ahead. Whether it’s turning home equity into retirement funds, moving into a new home, or staying in your forever home, I’m dedicated to getting it done. Outside of work, I enjoy time with my two teenagers and our lovable dog, cooking, practicing yoga, and exploring new places.
I hope to bring stability and happiness to your homeownership journey.
Guides and resources
Inspiration for your home loan journey
My social posts
Frequently asked questions
-
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.