Yes, CrossCountry Mortgage is a broker.
CrossCountry Mortgage is a mortgage brokerage firm that connects borrowers with lenders to secure home loans. As a broker, CrossCountry Mortgage works with multiple lenders to find the best loan options for its clients.
FAQs About CrossCountry Mortgage:
1. What services does CrossCountry Mortgage offer?
CrossCountry Mortgage offers a range of mortgage services, including purchase loans, refinance loans, renovation loans, and FHA/VA loans.
2. How does CrossCountry Mortgage differ from a direct lender?
While direct lenders provide loans from their own funds, CrossCountry Mortgage acts as an intermediary between borrowers and various lenders to find the best loan options.
3. How does CrossCountry Mortgage make money?
CrossCountry Mortgage earns money through origination fees and commissions paid by lenders for successfully matching borrowers with loan options.
4. Can I get pre-approved for a mortgage through CrossCountry Mortgage?
Yes, CrossCountry Mortgage offers pre-approval services to help borrowers understand how much they can borrow and the options available to them.
5. Are there any additional fees or costs associated with using CrossCountry Mortgage?
In addition to origination fees, borrowers may incur other costs such as appraisal fees, closing costs, and other third-party fees.
6. How does CrossCountry Mortgage select lenders to work with?
CrossCountry Mortgage partners with a network of reputable lenders that offer competitive loan products and rates to ensure clients have a variety of options.
7. Can I use CrossCountry Mortgage if I have bad credit?
Yes, CrossCountry Mortgage works with borrowers of all credit levels to find loan options that suit their financial situation.
8. What documents do I need to provide when applying for a mortgage through CrossCountry Mortgage?
Borrowers typically need to provide proof of income, employment verification, bank statements, and other financial documents during the application process.
9. How long does it take to get approved for a mortgage through CrossCountry Mortgage?
The approval process can vary depending on the complexity of the borrower’s financial situation and the lender’s requirements, but it typically takes a few weeks.
10. Can I apply for a mortgage with CrossCountry Mortgage online?
Yes, CrossCountry Mortgage offers online applications to make the process more convenient for borrowers.
11. Does CrossCountry Mortgage offer any special programs or discounts for first-time homebuyers?
Yes, CrossCountry Mortgage may offer special programs or discounts for first-time homebuyers to help make the homebuying process more affordable.
12. Is CrossCountry Mortgage licensed and regulated?
Yes, CrossCountry Mortgage is licensed as a mortgage broker in multiple states and follows strict regulations to ensure compliance and consumer protection.