-
- 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
-
- Purchase
- Refinance
Eric Payne
- Sales Manager/Loan Officer
- Gig Harbor, WA Mortgage Loan Officer
- NMLS #2023458
Finding and financing dream homes
Hi, I’m Eric, your friendly neighborhood mortgage partner who loves opening doors for my clients. With three years of experience as a loan officer and sales manager in Gig Harbor, WA, and a knack for numbers, I’ve mastered the art of turning dreams into keys. Whether you’re buying your first home, next home, or an investment property, I can’t wait to put them into your hands.
The key to your homeownership dreams is the right home loan. I’ll guide you through the products offered at America’s #1 Retail Mortgage Lender, such as conventional, FHA, VA, USDA, and jumbo loans, to draft a plan that works for you. We’ll walk through each step of your home financing strategy, I’ll answer your questions, and keep you informed about your loan’s progress throughout the process. I can’t wait to be your mortgage partner.
Off the clock, you’ll find me exploring the landscapes of the Pacific Northwest in my trusty Bronco, all while soaking up cherished moments with my family.
Eric’s testimonials
Guides and resources
My social posts
Should I buy a house or keep renting?
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
-
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.