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254 A N. Broadway Unit 202 Salem, NH 03079 Mobile (508) 254-3091 Tel (978) 306-5772 [email protected]
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- monday: 9:00AM – 10:00PM
- tuesday: 9:00AM – 10:00PM
- wednesday: 9:00AM – 10:00PM
- thursday: 9:00AM – 10:00PM
- friday: 9:00AM – 10:00PM
- saturday: 9:00AM – 10:00PM
- sunday: 9:00AM – 10:00PM
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- Down Payment Assistance
- First-Time Homebuyers
- Non-QM Loans
- Purchase
- Refinance
Ric Beaudoin
I’ll be with you every step of the way
Hi, I’m Ric Beaudoin, and I’ve specialized in residential mortgage lending since 1988. I received my degree in economics from Boston College in 1973 and worked in retail banking for over 15 years before transitioning to mortgage lending. For the past 38 years, I’ve called North Reading home, where I raised my four children and continue to be an active member of the community.
At the Salem, NH branch of America’s #1 Retail Mortgage Lender, I bring decades of experience and a personalized approach to each client’s unique situation. I still enjoy meeting borrowers in the comfort of their own homes, when requested, to provide a more personalized experience. No matter where you want to meet, I look forward to start your home financing journey!
Outside of work, I love staying active through golf, running, and soccer—both as a player and official.
Guides and resources
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.
Ric’s testimonials
Inspiration for your home loan journey
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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.