Your Local CrossCountry Mortgage Loan Officer
Fred Bessent
Finding and financing dream homes
Hello! My name is Fred Bessent. As a dedicated loan officer at CrossCountry Mortgage, I’m passionate about helping individuals and families achieve their dream of homeownership. Whether you’re a first-time homebuyer, looking to refinance or exploring your next investment property, I’m here to guide you through the process with clarity, care and commitment.
Though I’m newer to the industry, I bring a strong work ethic, fresh perspective and a client-first approach to every loan I handle. Backed by the experienced team at America’s #1 Retail Mortgage Lender, I have access to a wide variety of loan products and tools to help tailor solutions to fit your unique financial goals.
I believe buying a home is more than just a transaction. It’s a life-changing milestone. That’s why I focus on building lasting relationships, keeping communication open and transparent and making sure you feel confident at every step of your mortgage journey. Let’s make your homeownership goals a reality — together.
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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.
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.