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1981 N Broadway, Ste 275 Walnut Creek, CA 94596 Mobile (916) 296-7000 Tel (925) 393-0809 [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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- Conventional Loan
- FHA Loan
- Purchase
- Refinance
- VA Loan
Billy Babcock
I’ll be with you every step of the way
Hi, I’m Billy, and in the mortgage industry, the most important thing is to communicate effectively. Whether you prefer email, text, or phone calls, my team and I will provide you with direction and answer your questions in the way you prefer. We take pride in explaining loan terms, presenting various options, and having access to dozens of investors across the U.S., ensuring you get the loan that’s right for you. From first-time homebuyers to seasoned investors, we provide great communication and well-presented options so you can make an informed decision.
I began my career in lending shortly after graduating Magna Cum Laude from Cal State Sacramento in 2002. Over the years, I’ve accumulated a wealth of knowledge, and I’ve learned that in the world of lending, the only constant is change. At the Walnut Creek, CA branch of America’s #1 Retail Mortgage Lender, my team and I strive for a smooth process and are dedicated to improving the human spirit through our work. We love what we do, and it shows!
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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
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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.