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
     

HELOC (Applies to 1st & 2nd):
A Home Equity Loan allows you to borrow against the equity in your home. The rate is often much lower than consumer loan rates and it may give you tax advantages. Unlike consumer loan interest, Home Equity Loan interest may be tax deductible. Your tax advisor can provide you with details on HELOC interest deductibility on your personal income taxes.
  
Reasons to get a HELOC:

• Home Improvements
• Debt Consolidation
• Education