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- Purchase
- Refinance
Your Local CrossCountry Mortgage Loan Officer
Ryan Nechas
- Loan Officer
- Bloomington, MN Mortgage Loan Officer
- NMLS #212311
Hello! My name is Ryan. In December 1998, I joined the mortgage industry and fell in love with the challenge of it. I like helping people navigate a complicated process with tenacity and understanding. This passion was rewarded in 2021 with a spot on Scotsman Guide’s Top Originators list for Most Loans Closed.
My clients are never a number. I’m a people person who works tirelessly to find the right solution using the resources of America’s #1 Retail Mortgage Lender. From first-time homebuyers and clients in unique situations to individuals rebuilding their credit, I have 26 years of experience making every mortgage feel like a win.
On a personal note, my wife and two kids are everything to me. I’m very proud of my wife for building her business, and my college-age kids for building their dreams. We enjoy eating out and grilling because of our busy schedules. When I do get time to myself, I enjoy golfing and keeping up with the Minnesota sports teams the best I can.
Ryan’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.
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.