Last Updated: January 2018
CrossCountry Mortgage, Inc. is a mortgage company operating in 6850 Miller Road in Brecksville, Ohio 44141 USA. With over 10 years’ experience and friendly customer service, finding an affordable mortgage no matter your financial situation is made simple and easy. Although their headquarters is found in Brecksville, Ohio they are licensed in 50 states and have also have branch locations across the United States, allowing you to find a mortgage that works best for you no matter your location or situation. Here, we’re exploring CrossCountry and the mortgages and loans that they offer.
CrossCountry Mortgage, Inc. offers a range of different loans, including home purchase loans, re-finance loans, home equity loans and other specialty loan programs. This broad range means that the company is suitable for anyone in any financial situation or with any needs. They offer programs for all types of situation, whether for purchasing, refinancing or home equity programs at reasonable rates, helping you to achieve the goals you have set for yourself. They offer a jumbo loan, which comes in many different lengths ranging between 10-30 years. The pro about these is that the interest rate doesn’t change, which means that the rate you pay at the beginning of the loan is guaranteed to be the rate you will be paying at the end. They also give you the opportunity to refinance if the market decreases allowing you increased control over your finances.
Multiple different mortgages offered to you by CrossCountry Mortgage, Inc. will offer either a fixed rate or an adjustable rate option. This is important to note as the payments on your mortgage have the potential to increase overtime. For example with a 5/1 mortgage the interest rate will be fixed for 5 years and then change every year for the remaining years of your mortgage. However, fixed mortgages can last between 10 and 30 years at a fixed rate so that no matter how the market changes, you’ll pay the same, giving you extra security and peace of mind.
APR and monthly repayments
The APR of each mortgage available with Cross Country is completely dependent on the interest rate on the type of mortgage that you have. This of course means that every loan has a different APR, however each of the mortgages adjusted to each client to make them realistically affordable. The repayments on each of the loans will also vary dependant on the overall interest rates and the type of mortgage that you have. For example, on a $100,000 mortgage that spans over ten years with an interest rate of 4.5%, your monthly principal and interest repayment would be $1,036.38. Whether this is affordable depends on your financial situation, however, adjustments could be made, or another option chosen if this is a little too high.
CrossCountry Mortgage, Inc. prides themselves on their client relations, delivering the best quality service that they can whilst finding the best mortgages and repayment options for their customers. This customer service is what sets CrossCountry Mortgage, Inc. apart and has even led them to being recognised on the list of America’s fastest growing private companies for 4 years in a row between the years of 2012 and 2015. Overall, their customer service, range of choice and affordable nature make CrossCountry an ideal choice for consumers looking for the right mortgage.