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14127 Capri Drive, Suite 2 Los Gatos, CA 95032 Mobile (408) 656-3751 Tel (408) 647-7600 [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
Linda Weilert
- Originating Branch Manager
- Los Gatos, CA Mortgage Loan Officer
- NMLS #719190
I’ll be with you every step of the way
Hi, I’m Linda, and I’ve spent the past 17 years helping seniors achieve financial peace through reverse mortgages. My journey began in public service as an ambulance medic and 911 dispatcher, where I developed a deep desire to make a positive impact on people’s lives. My passion for reverse mortgages was sparked when my parents tapped into this financial option, giving them the freedom to improve their quality of life, pay off debt, and manage medical expenses. Seeing the difference it made for them inspired me to help others in similar situations. As a loan advisor and branch manager at CrossCountry Mortgage in Silicon Valley, CA, I’m dedicated to providing clear, compassionate guidance throughout the process. I understand the challenges of financial decisions and strive to make the experience smooth and stress-free. I look forward to helping you explore how a reverse mortgage can enhance your financial future!
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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.