🎉 Massachusetts Jumbo Lender | Andrew Marquis

Choosing the right mortgage plan for your financial needs and homeownership goals in Massachusetts can seem daunting, but Andrew Marquis at CrossCountry Mortgage is here to guide you through every step of the process.

• Assess Your Financial Situation: Andrew will begin by helping you evaluate your current financial health, including your income, credit score, debt-to-income ratio, and available savings. Understanding these elements is crucial as they determine which mortgage products you qualify for and how favorable the terms may be.
• Identify Your Goals: Whether you are a first-time homebuyer, upgrading to a larger property, or refinancing your existing home, Andrew will help you select the best mortgage plan that matches your goals. For example, if you’re looking for predictable monthly payments, a fixed-rate mortgage might be ideal. However, if you plan to sell or refinance within a few years, an adjustable-rate mortgage (ARM) may offer lower initial payments.
• Compare Loan Products: CrossCountry Mortgage offers a variety of loan options, including conventional loans, jumbo loans, FHA loans, and VA loans. Andrew will help you weigh the pros and cons of each, explaining how different loan terms, interest rates, and down payment options affect your monthly payments and overall loan cost. For instance, if you’re purchasing a high-value property, you may need a jumbo loan, while an FHA loan could be ideal if you’re making a smaller down payment.
• Evaluate Loan Terms: The loan term you choose plays a significant role in your mortgage payments. A shorter term, such as 15 years, comes with higher monthly payments but less interest over time, while a 30-year term may offer lower payments but with more interest accrued. Andrew will guide you through the advantages and disadvantages of each option.
• Consider Additional Costs: It’s essential to plan for additional homeownership costs like private mortgage insurance (PMI), property taxes, and homeowners insurance. Andrew will help you account for these expenses in your overall mortgage planning, ensuring that your mortgage is affordable in the long run.

By working with Andrew Marquis at CrossCountry Mortgage, you can confidently choose the best mortgage plan that fits your financial needs and homeownership goals in Massachusetts. To get started, contact Andrew at (781) 410-8821 or email him at andrew@marquisccm.com.

Your credit score plays a critical role in securing the best mortgage rates and terms. Andrew Marquis at CrossCountry Mortgage offers actionable steps to help you improve your credit score before applying for a mortgage in Massachusetts:

1. Review Your Credit Report
   Start by obtaining a copy of your credit report from the three major credit bureaus: Equifax, Experian, and TransUnion. Andrew can assist you in reviewing your report for errors, such as outdated balances or incorrect information, which may be lowering your score. Disputing and correcting these errors can quickly boost your credit score.
2. Dispute Inaccuracies
   If there are any inaccuracies on your credit report, it’s essential to dispute them with the credit bureaus. Correcting errors, such as inaccurate late payment records, can improve your score significantly. Andrew can guide you through this process to ensure your credit report is accurate.
3. Pay Down Debt
   Lowering your credit utilization ratio—the amount of credit you are using compared to your credit limit—can have a significant impact on your score. Ideally, this ratio should be below 30%. Focus on paying down credit card balances and other revolving debts to improve your credit score before applying for a mortgage.
4. Avoid New Credit Inquiries
   In the months leading up to your mortgage application, avoid opening new credit accounts or taking on additional debt. Each hard inquiry can lower your score slightly, and new debt can affect your debt-to-income ratio. Andrew advises waiting until after your mortgage is secured to apply for new credit.
5. Make Timely Payments
   Payment history accounts for a large portion of your credit score, so it’s crucial to pay all your bills, including credit cards, loans, and utilities, on time. Setting up automatic payments or reminders can help ensure you don’t miss any due dates, which will maintain or improve your credit score.
6. Address Negative Items
   If you have collections, charge-offs, or other negative marks on your credit report, it’s important to address them. Andrew can help you work with creditors to resolve these items, potentially boosting your credit score before you apply for a mortgage.

By following these steps, you’ll be well-prepared to secure favorable mortgage terms. For personalized advice on improving your credit score, contact Andrew Marquis at CrossCountry Mortgage at (781) 410-8821 or via email at andrew@marquisccm.com.

Yes, whether you’re looking to refinance your existing mortgage or purchase a new home, Andrew Marquis at CrossCountry Mortgage is ready to assist with both options. Andrew provides expert advice to ensure that your mortgage fits your financial goals.

Home Purchase with Andrew Marquis at CrossCountry Mortgage

• Pre-Qualification and Pre-Approval: Andrew will help you get pre-qualified or pre-approved for a mortgage, providing a clear understanding of how much you can borrow. This step strengthens your offer when making a bid on a home.
• Explore Mortgage Options: CrossCountry Mortgage offers a variety of loan products, including conventional loans, jumbo loans, FHA loans, and VA loans. Andrew will explain the advantages of each option, helping you select the one that best aligns with your financial situation and homeownership goals.
• Competitive Interest Rates: Andrew works diligently to secure the best possible interest rates for your mortgage, saving you money over the life of the loan.
• Step-by-Step Guidance: From the initial application to the final closing, Andrew provides comprehensive guidance throughout the entire home-buying process.

Refinancing with Andrew Marquis at CrossCountry Mortgage

• Lower Your Interest Rate: If current mortgage rates are lower than your original rate, refinancing can help reduce your monthly payments. Andrew will evaluate your current mortgage to determine if refinancing makes sense for your financial situation.
• Cash-Out Refinancing: If you’ve built equity in your home, a cash-out refinance allows you to access that equity for major expenses, such as home improvements, debt consolidation, or other financial needs. Andrew will walk you through the process to ensure it fits your goals.
• Shorten Your Loan Term: Refinancing to a shorter term, such as a 15-year mortgage, can help you pay off your home faster and save money on interest. Andrew will help you determine if this option aligns with your financial plans.

For more information on refinancing or purchasing a home, contact Andrew Marquis at CrossCountry Mortgage at (781) 410-8821 or via email at andrew@marquisccm.com.

When applying for a mortgage with Andrew Marquis at CrossCountry Mortgage, having the necessary documents ready can streamline the process. Below is a checklist of the documents you’ll need:

General Documents Required for Mortgage Applications

• Proof of Income:
  • W-2 Forms: Provide W-2 forms from the last two years to verify your income.
  • Pay Stubs: Submit your most recent pay stubs from the last 30 days to confirm your current earnings.
  • Tax Returns: If you’re self-employed or have multiple sources of income, you may need to provide tax returns for the past two years.
• Proof of Identity:
  • Government-Issued ID: A valid photo ID, such as a driver’s license or passport, is required to verify your identity.
  • Social Security Number: This will be used to pull your credit report and confirm your identity.
• Credit History:
  • Credit Report: Andrew will review your credit report to assess your eligibility for a mortgage.
  • Debt Information: You will need to provide documentation for any outstanding debts, such as credit cards, student loans, or auto loans.
• Proof of Assets:
  • Bank Statements: Provide the last two months of bank statements to verify your financial reserves for down payments, closing costs, and reserves.
  • Retirement or Investment Account Statements: If you’re using funds from retirement or investment accounts, you will need to provide statements to verify balances.
• Proof of Employment:
  • Employment Verification: CrossCountry Mortgage may contact your employer to verify your employment. Self-employed individuals may need to provide business licenses and profit and loss statements.

Loan Program-Specific Documents

• Conventional Loans: These may require more detailed documentation of income, assets, and credit history.
• FHA Loans: If applying for an FHA loan, additional documents may be required to prove eligibility.
• VA Loans: Veterans must provide a Certificate of Eligibility (COE) and possibly military discharge papers.
• USDA Loans: If applying for a USDA loan, proof that the property is located in a USDA-eligible rural area may be required.

By gathering these documents in advance, you’ll help ensure a smooth mortgage application process. Contact Andrew Marquis at CrossCountry Mortgage at (781) 410-8821 or email andrew@marquisccm.com for more personalized assistance.