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900 NW 17th Avenue, Unit 202 Delray Beach, FL 33445 Mobile (954) 821-5062 Tel (561) 486-0731 [email protected]
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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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- Investment Property
- Jumbo Loan
- Purchase
- Refinance
- VA Loan
Michael Murgatroy
- Originating Branch Manager
- Delray Beach, FL Mortgage Loan Officer
- NMLS #60099
Your biggest decision is my biggest passion
Hi, I’m Mike Murgatroy, and for over 25 years, The Murg Team and I have served thousands of individuals and families with integrity and ingenuity. We work hard to structure mortgage solutions to fit financial requirements and wealth management portfolios.
As part of our Delray Beach, FL branch at America’s #1 Retail Mortgage Lender, our core mission is to exceed the expectations of our clients and agent partners through education and empowerment, delivering an unparalleled mortgage experience. This means we’ll always be transparent in the advice we share. I keep an open line of communication to build trust, helping everyone stay informed on every step of your loan process.
I’ve been a Scotsman Top Originator year over year since 2013 for a good reason. Our team uses our core mission to strengthen pathways and assist Veterans both locally and nationally with their home purchase and refinance goals. No matter where you’re looking to find a home, The Murg Team is here to help make that dream a reality. We are in it for life.
Michael’s testimonials
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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.