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- Purchase
- Refinance
Your Local CrossCountry Mortgage Loan Officer
Jake Stack
- Loan Officer
- Cleveland, OH Mortgage Loan Officer
- NMLS #2716535
America’s #1 Retail Mortgage Lender
Hi, I’m Jake, and I’m dedicated to making your mortgage a win! I previously worked as an acquisitions analyst in private equity specializing in commercial real estate. Now, I bring homeownership dreams to life in the place I call home.
No matter if this is your first mortgage or ninth, you are my priority. I’ll start by listening to your goals and showing you how we can achieve them. We’ll discuss the steps between application and closing. I’ll provide updates on your loan status, and we’ll walk together every step of the way.
Whether you want to buy, refinance or renovate, I offer a variety of loan programs to achieve your goals. From conventional and jumbo to FHA and VA, we’ll discuss specifics and personalize the mortgage experience to fit your plans. Start your journey with America’s #1 Retail Mortgage Lender.
On a fun note, I was Brutus Buckeye (the mascot) for Ohio State from 2019-2022. I currently live in Colorado and enjoy skiing, hiking and trail running.
Guides and resources
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.
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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.