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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
Philip Spagnolo
- Vice President of Lending
- Westlake, OH Mortgage Loan Officer
- NMLS #1491901
I’ll be with you every step of the way
Hi, I’m Philip, and I’ve been in mortgages for eight years and a branch manager for over two years, working at big banks as well as direct lending. I’ve received multiple awards for my service, including Rookie of the Year and the President’s Club. I’m always working, available all the time, and dedicated to getting it done for you.
When you work with me, I’ll listen carefully to understand your goals and circumstances. If you’re a first-time homebuyer, I’ll guide you through each step of the loan process and resolve any questions you may have. If this isn’t your first mortgage, we’ll discuss new products and how programs like conventional, jumbo, FHA, and VA can be used to achieve your homeownership dreams. From our first discussion to your closing day, I’m committed to providing you with second-to-none communication and service.
As part of America’s #1 Retail Mortgage Lender in Westlake, OH, I’m ready to help you make your dreams a reality.
Philip’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.