Capital Mortgage offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:

Home Purchase:
A home purchase loan is just like it sounds! This is the type of loan you get when purchasing a new, or new to you home.
  
Listed below is a list of some of the criteria that will determine the rates and terms on your Home Purchase loan.

• Market Value of the home
• Amount Financed
• Loan to Value (Amount Financed/Market Value)
• Amount of Down Payment
• Your Credit Score and Credit History
• 1st time home buyer vs. established mortgage accounts

Home Refinance:
Refinancing means to establish a new loan by paying off your existing mortgage. Refinancing may be done to take advantage of a lower loan rate, or it can include new money that might be a tax advantage over other loan types. 
 
Reasons to refinance include:

• Lower Payments
• Free up cash to pay off other debts
• Better Terms
    

Refinancing is a good idea if:

• You plan on staying in the home for at least 2 years
• You would pay at least 1% less in interest (depending on the loan amount any reduction may be beneficial)
• When the equity in your home could be used to your financial advantage