How much does it cost to refinance?

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. Learn more

How much house can I afford?

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. Learn more

What is a good credit score?

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. Learn more

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. Learn more

How do I calculate mortgage payments?

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. Learn more

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- Reverse Mortgage

Your Local CrossCountry Mortgage Reverse Loan Officer

Alina Passarelli

Certified Reverse Mortgage Professional
Bloomington, MN Mortgage Loan Officer
NMLS # 525407

Apply Now

I’ll be with you every step of the way

Hi, my name is Alina, and I joined the mortgage industry in 1999 because I’ve always loved the homeownership process. Once I discovered the benefits of reverse mortgages, I was hooked! As a Certified Reverse Mortgage Specialist at our Eden Prairie branch, I’m proud to offer the expertise of America’s #1 Retail Mortgage Lender to help you secure your financial future.

I have a deep respect for the wisdom and experiences of our elders and truly enjoy working with older homeowners, their families, and trusted advisors. My greatest satisfaction comes from helping clients achieve their financial goals, secure their homeownership, and enjoy a comfortable retirement.

I’ve written many articles for major industry publications, including Reverse Mortgage Magazine. I also teach continuing education courses for the Financial Planning Association and the Institute for Divorce Financial Analysts. Through my writing and teaching, I’ve empowered people to use home equity wisely in holistic retirement income planning.

2025 Scotsman Guide Top Mortgage Lenders Award

2025 The Plain Dealer Top Workplaces Award

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Homebuying Guide

Step-by-step process to getting the keys to your new home.

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It’s your time to buy.

Homebuying is always in season. You may be thinking of a first home. Or it could be time for a vacation home or investment property. Start now with a pre-approval and you’ll be ready to buy when you see what you want. No matter the home, we’ve got the loan.

A daughter hugging her mother while she is researching mortgage opportunities in their home.

Retired woman enjoys a bike ride and her peace of mind after starting her reverse mortgage.

The Fed dropped its benchmark interest rate.

What does this mean for you? Mortgage rates typically move in the same direction, although they aren’t tied directly to the Fed decision.

If you want to buy a home or refinance, understand your mortgage choices with a pre-approval. Getting ready now means you can move quickly when you find the perfect home or the rate that makes a refi work for you.

Get pre-approved for a purchase
Get pre-approved for a refinance
Calculate equity for a cash-out refi

Want to learn more about our expert take on lower rates?

Get Pre-approved

For borrowers aged 55 and over

Is your traditional retirement income — pension/401(k), savings, and Social Security — falling short of your goals and expenses?

Now you can use your hard-earned home equity to gain a new source of tax-free cash with CCM’s suite of proprietary jumbo reverse mortgage loans.

Monthly mortgage payments are optional
Loan amounts up to $6 million
Homeowners as young as 55 are eligible depending on the product and state
Wide range of houses & condos eligible for financing
Choose to receive your funds through a reusable line of credit or fixed rate lump sum
Neither you nor your heirs will owe more than the home is worth when it is sold and/or the loan is repaid

Learn More

*Review the Reverse mortgage requirements found on the product page for additional details.

You’ve worked hard for your home. Now it’s time to put your home equity to work for you.

A reverse mortgage allows homeowners aged 55 or older to borrow against their housing wealth while maintaining ownership, title, and control of their home.

But unlike traditional financing solutions, there is no monthly payment required on the loan — taxes, insurance, and maintenance only.

What will you do with tax-free cash from your home equity?

Improve cash flow and increase savings
Refinance or eliminate existing mortgage and consumer debt
Pay for healthcare expenses and long-term care
Finance home renovations to age safely in place
Buy a new home that better suits your needs
Create a financial safety net with a growing line of credit

Get started

*Review the Reverse mortgage requirements found on the product page for additional details.

Frequently asked questions

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.

Learn more
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.

Learn more
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.

Learn more
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.

Learn more
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.

Learn more

Get Preapproved

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