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- Purchase
- Refinance
Michael Koopman
- Originating Branch Manager
- Tampa, FL Mortgage Loan Officer
- NMLS #197329
I’ll be with you every step of the way
Hi, I’m Michael. Calling the Tampa Bay, Florida area home since 1976, I take pride in helping clients achieve their dream of homeownership and build a better foundation for our community. As a member of our Tampa, FL team at America’s #1 Retail Mortgage Lender, and with over 32 years in the mortgage industry, I’ve seen many changes. But one thing has remained the same: my dedication to helping families across the country get it done.
I’ve built a reputation on presenting each of my clients with the best mortgage options for their specific situation. My team provides outstanding service to meet your lending needs, whether you’re a homebuyer, homeowner looking to refinance, financial advisor, or real estate professional. I guarantee you’ll receive the best possible process from us—and walk away with home financing partners for life.
At the end of the day, my goal is to provide you with peace of mind from application to closing and beyond. I look forward to introducing you to my team and guiding 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.
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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.