Tools & Guidance

Helpful Mortgage Tools to Assist You along the Way

The CrossCountry Mortgage, team is dedicated to making the mortgage process as straightforward and easy as possible. That’s why we have provided resources to help you through your homebuying journey. You’ll find calculators, terminology and frequently asked questions (FAQs) that will help you know what to expect when looking for the right loan.

Mortgage Tools

Glossary of Terms

Pre-approvals, Fannie Mae, adjustable rates and home equity are just a few of the terms you’ll encounter while looking for a mortgage. Our A–Z list provides information on these terms and how they might apply to you.

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Understanding the Loan Process

This guide will walk you through the documents you will need to have on hand, qualifying for a mortgage, shopping for rates and types of mortgages, and the Dos and Don’ts that are important to your approval when applying for a loan.

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Home Purchase Guidance

Buying a home can be an exciting, but sometimes intimidating, process. Along with touring homes, researching listings and photos online, attending open houses, or visiting with home builders and architects, there can be the arduous details associated with down payments, credit reports, contracts, applications, and file-gathering. We offer lots of resources to understand the mortgage loan process right here. Get started now by visiting these helpful articles:

Refinancing Guidance

When buying a home, people always do the best they can with the knowledge and resources they have, but conditions change, and sometimes things don’t always work out as expected. Refinancing gives people the opportunity to set things on a better course. Whether rates have dropped, you ended up staying in a home longer than you originally planned, or you encountered an unexpected expense, we may be able to help you get the most for your money. Here are some facts about refinancing and ways that refinancing can allow you to achieve what life has in store.

Home Equity Loan or Line of Credit Guidance

Options abound for people to get credit to buy the things they need, but not all credit offers are created equal. Some offer miles for travel or points toward retailers, but at what cost? In an article posted on in October 2014, the national average credit card APR (annual percentage rate) climbed to 15.07%. Are the loyalty miles and points worth it?

For a credit card balance of $10,000 with a 15.07% APR and monthly payments of $250, it will take a person 56 months and $3978.84 in interest to pay off the bill. By leveraging the equity you’ve built up in your home with a home equity line of credit (HELOC), you can save significantly over typical credit card offers and consolidate some high interest loans and debts. Read the following helpful articles to see if home equity options may be right for you.

Other Helpful Resources

Credit Bureaus & Free/Discounted Credit Reports

Still have questions or concerns? We know that the mortgage process can be confusing and that no two situations are alike. Feel free to contact us today to discuss your unique situation. Or fill in our simple form for pre-qualification form, and we’ll contact you at your convenience.

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