Borrowing money

New CCM Mortgage Solution Uses Home Equity to Generate Cash for Consumers

The Second Closed Loan (CES) offers homeowners cash for any need with a fixed rate

CLEVELAND, September 22, 2022 /PRNewswire/ — As inflation continues to strain wallets, CrossCountry Mortgage offers a new way to put money in the hands of consumers. A new Closed End Second (CES) loan turns a home’s equity into cash with a second, smaller fixed rate loan. This loan offers the benefits of a cash refinance without changing the rate of a consumer’s first mortgage.

“We understand that we operate in a dynamic market where consumers are looking for new ways to cover their expenses,” said Jenn Stracensky, CCM Director of Operations. “Our CES loan addresses this need, making funds available to consumers immediately after origination to use on anything they choose, from paying off high-interest debt to covering expenses. tuition or short-term expenses.”

Benefits of the CCM CES solution include:

  • Fixed rate
  • No change to consumer’s first mortgage
  • Funds available immediately
  • Money can be used for anything
  • Available in all states except CO, OK, TN and TX

The CES solution is the latest in a variety of innovative CCM solutions to meet consumer needs. Other new solutions include rate lock options, new down payment assistance programs and CCM bridge loans.

With thousands of loan officers, over 600 branches, and a presence in all 50 states, CCM is ready to support borrowers by educating them about the many options available. To locate a CCM branch near you, visit www.ccm.com.

About CrossCountry Mortgage

CrossCountry Mortgage (CCM) is one of the nation’s largest retail mortgage lenders, with more than 8,000 employees operating nearly 600 branches in all 50 states. Our company has been recognized nine times on the Inc. 5000 list of America’s fastest-growing private companies and has received numerous awards for our outstanding culture. We offer over 100 mortgage, refinance and home equity solutions – ranging from conventional and jumbo mortgages to government-insured programs for veterans and rural home buyers – and we are a direct lender and seller and repairman approved by Freddie Mac, Fannie Mae and ginnie mae. Through our dedication to doing so, we make every mortgage a win. Visit ccm.com.

Contact: Alicia Gauer
Senior Vice President, Corporate Communications
[email protected]

SOURCE CrossCountry Mortgage