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99 Rosewood Drive Suite 225 Danvers, MA 01923 Mobile (617) 416-5973 Tel (978) 788-9259 [email protected]
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- Construction Loan
- Investment Property
- Non-QM Loans
- Renovation Loan
- Reverse Mortgage
Chris Falbo
Financing futures with reverse mortgages
Hi, I’m Chris, a Certified Mortgage Advisor who takes pride in offering a personalized and human touch to the mortgage process. Understanding your full financial picture, future aspirations, and priorities is key to creating a mortgage product that aligns perfectly with your goals. When you entrust me with your mortgage at the Danvers, MA branch of America’s #1 Retail Mortgage Lender, my journey with you begins by listening intently and empathetically to your goals.
Whether you’re a first-time homebuyer, a seasoned homeowner, buying an investment property, or exploring a renovation loan, I’ve got you covered. As a certified Reverse Mortgage Advisor, I also offer a broad array of loan programs, from FHA and VA to conventional and jumbo, to ensure we find the ideal fit for your circumstances. Clear communication is crucial, and I’m committed to keeping you informed every step of the way, always available to answer any questions to deliver an exceptional experience from application to closing and beyond.
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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.