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102 Chestnut Ridge Road, Suite 200 Montvale, NJ 07645 Mobile (973) 769-2051 Tel (201) 210-5996 [email protected]
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- Purchase
- Refinance
Your Local CrossCountry Mortgage Loan Officer
Daniel McDermott
- Divisional Vice President
- Montvale, NJ Mortgage Loan Officer
- NMLS #430030
I’ll be with you every step of the way
Hello! I’m Daniel McDermott, Divisional Vice President at the Montvale, NJ branch of America’s #1 Retail Mortgage Lender. I began my career in home financing in 1990 and joined CrossCountry Mortgage because of its strong reputation for innovation, leadership and exceptional growth opportunities.
What drives me is being part of a forward-thinking team that pushes the boundaries of home loan solutions. It’s a dynamic environment that motivates me to grow and contribute at the highest level.
I genuinely enjoy helping people and am committed to being accessible and responsive. I’m available seven days a week to ensure my clients are fully supported. I treat every client like a friend and approach each interaction with respect, care and transparency.
My specialty lies in helping clients plan for retirement through home equity mortgage solutions tailored to their financial plans. Whether you’re ready to get started or simply exploring your options, I’ll guide you every step of the way.





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.
Daniel’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.