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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
James Mulholland
I’ll be with you every step of the way
Hi, I’m Jay Mulholland, and with over 30 years of experience, I’ve dedicated my career to helping people achieve the American Dream of homeownership. I believe that knowledge and excellent service are the foundation of being a successful loan consultant, but what matters most is understanding my clients’ individual goals.
I work hardest at developing that trust and understanding, so my clients can have a positive experience throughout the homebuying process. My goal is to be their mortgage consultant for life. I proudly serve clients in Elgin, IL through America’s #1 Retail Mortgage Lender, where I can offer a range of programs tailored to help you achieve your homeownership goals.
Outside of work, I’ve lived in the Elgin area for over 35 years with my wife, Joy. We’ve raised three children and now enjoy spending time with our two grandchildren. I volunteer with two local community organizations, and I love camping, hiking, and the challenge of a good trivia question—especially from Jeopardy!
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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.