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413 N. Carpenter St., Suite 1W Chicago, IL 60642 Mobile (616) 299-6476 Tel (800) 951-3891 [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
Blair Kerr
I’ll be with you every step of the way
Hi, I’m Blair Kerr. Having grown up in Grand Rapids, Michigan, I moved to Chicago to begin my career in the mortgage industry in 2003 after graduating from Michigan State. Now based in our Chicago, IL branch with 15 years of mortgage experience under my belt, I understand the importance of communication. Every Tuesday, I send my clients an update on their loan so they’re never questioning where they are in the process, and I do my best to ensure that my borrowers close on time and efficiently.
As part of America’s #1 Retail Mortgage Lender, I’m dedicated to guiding you through every step of the home loan process, whether you’re a first-time homebuyer or an experienced investor. When I’m not helping clients achieve their homeownership dreams, I enjoy playing squash, exercising, and spending time at the University Club of Chicago, where I socialize, conduct business, and create lasting relationships.
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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.