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1665 Liberty Street SE, Suite 200 Salem, OR 97302 Mobile (541) 408-3454 Tel (541) 263-5206 [email protected]
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- Purchase
- Refinance
Your Local CrossCountry Mortgage Loan Officer
Ryan Fraker
I’ll be with you every step of the way
Hello! My name is Ryan. Rooted in personal values of ethics, honesty and maintaining composure under pressure, I’ve always been drawn to careers centered around helping others. My ability to navigate challenges comes from a background in law enforcement and years in the mortgage industry. I offer clients a full spectrum of loan products at America’s #1 Retail Mortgage Lender, from OHCS to zero-down programs and everything in between, all delivered with exceptional service by my trusted team and me.
Giving back to the community is my passion, and I am excited to inspire others through my contributions. My deep passion extends to making a real difference in the future of my clients through real estate. I’m dedicated to enhancing your journey and making it enjoyable along the way.
A few fun facts about me: I got married at 18 and have celebrated over 25 years of marriage with my beautiful wife. Our family includes a retired police dog skilled in drug detection and a Sphinx cat
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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.