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900 NW 17th Avenue, Unit 202 Delray Beach, FL 33445 Mobile (561) 889-1545 Tel (561) 510-9559 [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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- Purchase
- Refinance
Wayne Demaline
I’ll be with you every step of the way
Hi, I’m Wayne, and I’ve been part of the South Florida real estate business for 20 years, working as a mortgage professional for the last decade. Buyers, real estate agents, and referral partners trust me because of my exceptional customer service, abundant mortgage options, and ability to close loans on time. At the Delray Beach, FL branch of America’s #1 Retail Mortgage Lender, I’m here to be your trusted partner as we navigate the loan process together.
I start by listening to your goals and priorities so I can structure the ideal home loan for you. Whether you’re a first-time homebuyer, purchasing an investment property, or looking for a renovation loan, I offer a wide range of loan programs, including conventional, jumbo, FHA, and VA. Communication is key, and I’m dedicated to keeping you informed about your loan’s progress while answering your questions from start to finish.
Let’s get started on your loan, and I’ll make sure you have an outstanding home loan experience!
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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.