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1665 Liberty Street SE, Suite 200 Salem, OR 97302 Mobile (503) 593-1416 Tel (541) 735-9869 [email protected]
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- Purchase
- Refinance
Your Local CrossCountry Mortgage Loan Officer
Katie Pelchar
I’ll be with you every step of the way
Hello! My name is Katie. Rooted in a small town in Mt. Hood and now rooted in Salem, I’ve proudly called Central Oregon home since 2015. I began my career in the mortgage industry in 2017 and have since built a reputation as a trusted advisor for clients across the Pacific Northwest. Now serving as branch manager at CrossCountry Mortgage, I take an education-first approach — guiding people through home financing with clarity and strategy.
Whether you’re buying your first home or fifth, my focus is on aligning your mortgage with your long-term financial goals and investment plans. I’ll provide information on every aspect of the home financing process and each home loan program available. Whether conventional or jumbo, FHA or VA, I’ll help make your dreams a reality.
Customer service made CCM America’s #1 Retail Mortgage Lender. I’m dedicated to making the process straightforward and stress-free while providing thoughtful guidance each step of the way. I look forward to connecting with you!
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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.