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Mortgages & Home Loans - CrossCountry

Local Mortgage Experts | Low Rates |Fast Process | Exceptional Service | Experienced Brokers

As a residential mortgages industry leader, CrossCountry Mortgage has established a reputation as one of the country’s most trusted mortgage lenders specializing in home loans and providing the convenience of working with experienced loan officers in local markets, such as Newburyport. CrossCountry Mortgage has set the standard for exceptional customer satisfaction with the use of innovative technology and a streamlined simplistic application and approval process. The local Newburyport branch has a proven track record of providing excellent service for many customers throughout the Massachusetts North Shore, Southern NH Seacoast and Southern ME region.

In addition to providing highly responsive customer care, CrossCountry Mortgage is able to service a broad scope of customer mortgage needs due to their extensive portfolio of home loan products including Purchase Loans and Refinance as well as specialized products such as:  VA Loans, FHA Loans, Renovation Loans, Jumbo Loans, and many more.  With this robust selection of lending products, CrossCountry Mortgage has a solution for each of their customer’s individual needs.

CrossCountry Mortgage has been able to achieve exceptional customer satisfaction results for their mortgage customers due to the fact that they very closely manage the loan process ensuring that all of the many important steps have been accurately completed. The lending process can be complex but the team at CrossCountry has many years of experience handling the details and simplifying the mortgage experience for their customers. CrossCountry Mortgage keeps the process in house: underwriting, processing & direct funding, enabling themselves to control the many steps of mortgages, thus ensuring happy customers.

If you prefer to focus on your new dream home or how you might utilize the savings from your refinanced loan, then we highly recommend a call to Liz Ryan.  Let the mortgage experts at CrossCountry do the heavy lifting.  With their exceptional customer care, broad product portfolio and strong industry experience, CrossCountry Mortgage is the Best of Newburyport Residential Mortgage Company.

CrossCountry Mortgage

By Liz Ryan , Newburyport.com Correspondent
Sales Manager for the Newburyport CrossCountry Mortgage regional office, Liz Ryan is a top producing Senior Loan Officer with extensive experience in the mortgage industry since 2005 and a prior background in real estate. Born in Sweden and raised with a “can do” attitude and great work ethic, Liz is a consistent Chairman’s Circle member and has served as a strong mentor for the rapidly growing Newburyport office, supporting customers in MA, NH and ME. Liz is highly respected by her local finance industry peers and greatly appreciated by her extensive following of loyal customers. Her passion for serving clients is apparent. Liz enjoys working with customers from all walks of life with a broad range of financial needs. Whether they are purchasing their first home, a vacation home, an investment property; or they need assistance with a refinance or a more specialized loan product such as a VA Loan, Liz always excited to help.

Refinance Your Mortgage…Factors to Consider with a Refi

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Refi Evaluation: term & debt consolidation

Refinance your mortgage? When considering a refi, you’ll want to evaluate your particular situation—not just the interest rates and global environment.

In preparation for a refinance, you’ll want to ask yourself important questions. How long do you intend to live in your current home? Should you refinance to a new 30 year mortgage extending the time it will take to own your home? Are you in a position to consider a shorter term enabling you to pay less interest over the course of the loan? Changing the term on a mortgage (for example, from 30 years to 15 years) can help you achieve specific financial goals. Shortening your mortgage term may help you avoid penalty clauses if you plan to pay off your loan early. If you refi with a shorter term, you will pay less interest over the life of your loan. You may also be able to extend your repayment term if needed.

When considering a refinance make sure to look at the big picture. Do you have other loans? Are there major expenses that you need to plan for: college, weddings or home renovations? Consolidating multiple debts into one easy-to-manage loan can make life easier and potentially save you money, particularly if other debts feature higher interest rates. Converting multiple mortgages into one mortgage can make repayment simpler and potentially save you money.

Make sure you have access to an industry-leading tool like the CrossCountry refinance calculator to help you decide if refinancing your home makes sound financial sense.

Other Refinance Considerations:

Besides mortgage rates, there are charges and fees that must be considered when determining the costs of a refinance.

Closing Costs

Closing costs are expenses over and above the price of the property that are incurred by buyers and sellers when transferring ownership of a property. They normally include an origination fee, charges for title insurance and escrow costs, etc.

In addition to your down payment, you’ll be responsible for paying closing costs — the fees that CrossCountry Mortgage and other parties charge as part of the home financing process.

Closing costs and fees can be paid at the time of closing or they can be wrapped into the new mortgage. It may be appealing to have costs wrapped into the loan but it is important to consider whether you will realize the the lower interest rate savings before you sell your home.

If you need assistance refinancing your mortgage or are considering any type of home loan products, contact the local CrossCountry Mortgage office and they will help guide you through the process. Liz Ryan NMLS ID: 441907 – NMLS ID #3029 (For licensing information, go to www.nmlsconsumeraccess.org) Equal Housing Lender. Conditions may apply.