Years ago, if you wanted to purchase a home, the financing process was relatively simple – you would go to the local Savings and Loan, and get a fixed-rate 30 year mortgage. There was really no reason to shop around, since there were very little difference from bank to bank.
Now, things have changed dramatically. There are hundreds of different types of loans, from fixed to adjustable rate; from low closing cost to no closing cost; from interest only loans to balloon mortgages.
At Capital Mortgage Advisors, we believe that there is no one type of home loan that is going to be right for all homebuyers. Instead of running you through our featured program, we sit down with you and determine your needs, your financial situation, and your future plans. We review the options available to you. Then, we help you get the best mortgage loan for your requirements.
We understand that purchasing and financing your new home can be a stressful process – and it’s not something that you do every day. That’s why we provide information to help you understand the process, and that’s why we have experienced mortgage brokers who are ready to answer your questions, help you prepare your application, and walk you through all the steps needed to get your loan approved.
Getting Started — Obtain a Copy of your Credit Report
Your credit history is one of the biggest factors in determining the interest rate and type of loan you will be able to obtain. An individual with good to excellent credit can expect to receive an interest rate several points lower than someone with less than perfect credit. This could mean a savings of many thousands of dollars over the life of the loan. Approved.com makes it easy for you to get a copy of your credit report over the Internet. Click here to order your credit report.
Even if your credit report shows some problems with your credit history, we can frequently show you ways to improve your score and obtain a better interest rate. Contact one of our loan officers to learn more.
The Next Step – Learn About Loan Types and Rates
Capital Mortgage Advisors offers a many types of loans, with different terms and interest rates. You can view some of our most popular loan types and rates here. Keep in mind that interest rates can change daily — or even hourly, so if you see a program you like (or if you don’t see what you need), contact us to get the latest rates and information.
The Last Step – Apply for Your Mortgage or Get Preapproved
Ready to go? You can apply for a mortgage online using our secure form. Once your application is complete, we’ll be in touch to request any additional information we need. Our system also lets you monitor the progress of your application 24 hours a day. Any Questions? We’re here to help! The Internet is a wonderful tool for getting useful information about the options for financing your home. However, it doesn’t match up to the personal service you can get by talking to one of our loan officers. If you have any questions, call us toll-free at 1-800-859-5648, or fill out our contact form.