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2 Lower Ragsdale Drive, Suite 130 Monterey, CA 93940 Mobile (408) 930-6064 Tel (831) 291-9884 [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
Mike Gallagher
- Senior Loan Officer
- Monterey, CA Mortgage Loan Officer
- NMLS #120703
I’ll be with you every step of the way
Hello! My name is Mike Gallagher. I’ve been originating mortgages and helping families for over 20 years. My production has put me in Mortgage Executive Magazine’s Top 1% of Mortgage Originators in America list in 2016, 2017, 2020 and 2021. At America’s #1 Retail Mortgage Lender, I’m equipped with product options and tools to help clients manage their home financing decisions with an emphasis on long-term wealth creation.
In addition to being a loan officer, I hold a Series 65 license. With this expertise, I’m a trusted professional who not only understands the current mortgage landscape but also how to navigate homebuying and selling decisions in the context of your overall long-term financial goals.
On a personal note, I live in Morgan Hill, CA, with my wife, two daughters and our golden retriever, Copper.
Mike’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.
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.