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40 Salem Street, Building 1, Second Floor, Suite 10 Lynnfield, MA 01940 Mobile (781) 389-5242 Tel (781) 342-4330 [email protected]
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- monday: 8:00AM – 8:00PM
- tuesday: 8:00AM – 8:00PM
- wednesday: 8:00AM – 8:00PM
- thursday: 8:00AM – 8:00PM
- friday: 8:00AM – 8:00PM
- saturday: 8:00AM – 8:00PM
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- Down Payment Assistance
- First-Time Homebuyers
- Purchase
- Refinance
- Renovation Loan
Leo Turco
- Senior Loan Officer
- Lynnfield, MA Mortgage Loan Officer
- NMLS #706769
My team and I will help you win your bid
Hello! I’m Leo, a seasoned financial professional with over 25 years of experience specializing in home financing. I have prior experience in investment wealth management & insurance, consumer credit, and commercial lending.
As a habitual learner, I have a burning desire to acquire knowledge and become the best version of myself. This has allowed me to hold a broad range of specialties across financial industries and share my philosophy on life and acquiring wealth.
My purpose is to be of service to others and help them in their lives in any positive way possible. As we embark into your next chapter, there is no one better positioned to provide you with a holistic solution that benefits you.
At America’s #1 Retail Mortgage Lender, we pride ourselves on our ability to make an impact in someone’s life. Whether you or someone you know would like guidance on a home purchase, refinancing, or a comprehensive analysis of current home equity usage and cost of credit, let me be of service to you!
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.
Leo’s testimonials
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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.