Capital Home Mortgage Colorado Springs

Colorado Springs refinance Home Loans

Refinance Mortgage Lender Colorado Springs Colorado

Rate & Term Refinance Colorado Springs

A type of mortgage refinancing called a rate and term refinance entails the borrower changing the conditions of their existing mortgage loan. The purpose of replacing the current mortgage agreement with a new one is to achieve better loan terms, such as a lower interest rate and/or a different loan period. Making payments on the new loan after paying off the old one is known as refinancing. A rate and term refinance replaces the borrower’s existing mortgage with a new one that has better terms in an effort to improve their financial situation.

During a rate and term refinance, the mortgage’s interest rate, monthly payments, and duration can all vary. To qualify, the borrower may need a certain credit score and debt-to-income ratio. The refinance loan includes a new mortgage term, such as an additional 15 or 30 years, and a new (ideally lower) interest rate. The borrower has the option to change the interest rate and/or loan length through a refinance, resulting in a new mortgage that settles the old one.

A rate and term refinance replaces the previous loan with a new mortgage agreement that has better numbers and financing terms in order to receive better loan terms. This type of refinancing is most common.

The Advantages of Refinancing Your Mortgage

Numerous benefits can be obtained from refinancing a mortgage. The benefits of refinancing a mortgage are listed as follows:

Lower Interest Rate: You may be able to refinance your mortgage to get a cut interest rate, which will lower your monthly payments. By doing this, you can save a lot of money over the course of the loan.
Reduced monthly payments can be achieved through refinancing with the same term as the original loan or by delaying the payoff date.
You can pay off your mortgage debt more rapidly by refinancing to a shorter mortgage term (for example, from 30 to 15 years).
By refinancing, you can lower your mortgage rate and accelerate the process of building equity in your home.
You may be able to consolidate debt from many sources through refinancing, which would make it simpler for you to manage your finances.

Refinancing is not always profitable, so it is important to look at the costs involved and determine if it makes sense for your financial situation.

Conclusion: You Can Make Your Home Refinancing Work for You

Refinancing is a great way to use your house as a financial asset when the time is right. You can adjust your loan’s term, get a lower interest rate, and change loan types to save money over time. Alternately, you might cash out your home equity and use the funds however you like.

Request a Rate and Term Refinance

If eligible, Capital Home Mortgage can assist Colorado homeowners in changing their interest rates and loan conditions. Call (303) 226-1177 to speak with a qualified loan officer about changing the rate and duration of your Colorado mortgage.

Rate & Term Refinance Alaska

A type of mortgage refinancing called a rate and term refinance entails the borrower changing the conditions of their existing mortgage loan. The purpose of replacing the current mortgage agreement with a new one is to achieve better loan terms, such as a lower interest rate and/or a different loan period. Making payments on the new loan after paying off the old one is known as refinancing. A rate and term refinance replaces the borrower’s existing mortgage with a new one that has better terms in an effort to improve their financial situation.

During a rate and term refinance, the mortgage’s interest rate, monthly payments, and duration can all vary. To qualify, the borrower may need a certain credit score and debt-to-income ratio. The refinance loan includes a new mortgage term, such as an additional 15 or 30 years, and a new (ideally lower) interest rate. The borrower has the option to change the interest rate and/or loan length through a refinance, resulting in a new mortgage that settles the old one.

A rate and term refinance replaces the previous loan with a new mortgage agreement that has better numbers and financing terms in order to receive better loan terms. This type of refinancing is most common.

The Advantages of Refinancing Your Mortgage

Numerous benefits can be obtained from refinancing a mortgage. The benefits of refinancing a mortgage are listed as follows:

Lower Interest Rate: You may be able to refinance your mortgage to get a cut interest rate, which will lower your monthly payments. By doing this, you can save a lot of money over the course of the loan.
Reduced monthly payments can be achieved through refinancing with the same term as the original loan or by delaying the payoff date.
You can pay off your mortgage debt more rapidly by refinancing to a shorter mortgage term (for example, from 30 to 15 years).
By refinancing, you can lower your mortgage rate and accelerate the process of building equity in your home.
You may be able to consolidate debt from many sources through refinancing, which would make it simpler for you to manage your finances.

Refinancing is not always profitable, so it is important to look at the costs involved and determine if it makes sense for your financial situation.

Conclusion: You Can Make Your Home Refinancing Work for You

Refinancing is a great way to use your house as a financial asset when the time is right. You can adjust your loan’s term, get a lower interest rate, and change loan types to save money over time. Alternately, you might cash out your home equity and use the funds however you like.

Request a Rate and Term Refinance

If eligible, Capital Home Mortgage can assist Alaskans in changing their interest rates and loan conditions. Call (907) 531-5048 to speak with a qualified loan officer about changing the rate and duration of your Alaska mortgage.

Why Colorado Springs Homebuyers are Choosing Capital Home Mortgage
Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates & Low Fees

Exceptional Service

7  Day a Week Support Application to Final Mortgage Payment

Colorado Springs Mortgage Rates

Have you ever wondered why interests rates are what they are and what determines the final rate?  Why borrowers receive different interest rates? Or why rates go up and down?  Interest Rates are calculated using several factors.

  • Demand for mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness

Colorado Springs VA refinance Home Loans

VA Refinance Mortgage Lender

Proudly Serving Active Duty, Retired and Disabled Veterans to Save Money.  Call today to speak to a VA loan officer.

VA Streamline Refinance

  • VA IRRRL Rate & Term
  • Streamline Option
  • No Appraisal Required
  • No Income Verification

VA Standard Refinance

  • Cash-Out or Loan Conversion
  • Full Documentation
  • Appraisal Required
  • Income Verification Required

Colorado Springs FHA Refinance home Loans

FHA Refinance Mortgage Loans

FHA offers a streamline refinances that simply reduces the interest rate and lowers the payment or shortens the term of the loan.  This rate and term option can be fully documented loans, or can be reduced documentation. The other FHA option is a cash-out refinance allowing homeowners the ability to access the equity in the property.

FHA Standard Refinance

  • Appraisal Required
  • 97.75% Max Loan to Value
  • Closing Costs Can Be Rolled In
  • 80% Max Loan to for Cash-out
  • Cash-out Option Available
  • County Loan Limits Apply

FHA Streamline Refinance

  • FHA to FHA
  • No Income Qualification
  • No Appraisal Required
  • Closing Costs Cannot Be Rolled In
  • No Lates on Mortgage in Last Year
  • Payment Must Drop on Fixed Rates

Colorado Springs Conventional Refinance Loans

Conventional Refinance Mortgage Lender

Conventional Refinance Loans are used for more refinances than any other type of mortgage loan. This is due to Conventional loans allowing for all occupancy and property types and typically don’t require any mortgage insurance due to loan to value requirements. Conventional mortgages due require higher credit scores but offer better rates.  

  • Freddie Mac or Fannie Mae Insured
  • Primary, 2nd or Investment Homes
  • Single and Multi Family
  • Condo’s and Manufactured Homes
  • Mortgage Insurance Options
  • Lower Rates & Flexible Terms
  • Maximum Loan Amount – $766,550
  • High Balance (Varies By County)

Colorado Springs Native American Refinance Loans

Native American Refinance Mortgage Lender

HUD 184 Refinance Home Loans can streamline rate & term, equity cash-out, or Rehabilitation of current residence.

Cash-Out or Renovation

  • Appraisal Required
  • 97.75% Max LTV for Rehab
  • 85% Max LTV for Cash-out
  • County Loan Limits Apply

Streamline Refinance

  • HUD 184 to HUD 184
  • No Income Qualification
  • No Appraisal Required
  • No Mortgage Lates in Last Year

COLORADO SPRINGS USDA Refinance home Loans

USDA Refinance Mortgage Lender

USDA Loans Can only be USDA to USDA, meaning you must have a current USDA loan to refinance the loan either as a rate and term or cash-out or renovation.

USDA Non Streamlined

  • Appraisal / Income Documents 
  • Max LTV Equal to Appraisal
  • Closing Costs Can Be Rolled In
  • County Loan Limits Apply

USDA Streamline Refinance

  • No Appraisal / Income Docs Required
  • Closing Costs Can Be Rolled In
  • No Lates on Mortgage in Last Year
  • Payment Must Drop on Fixed Rates

COLORADO SPRINGS Reverse Mortgage Refinance

Reverse Refinance Mortgage Lender

Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.

  • Primary Residence Only
  • 62 Years or Older
  • Required Hud Counseling
  • Homeowners Insurance Required
  • Must Continue to Pay Taxes
  • Meet Required Equity Values
Colorado Springs Mortgage Programs

Colorado Springs Home Purchase

Thinking of Buying a Colorado Springs Home?

Looking to Purchase a Home? We have the loan program for you… Call today to speak with a loan officer to discuss your personal mortgage options.

  • Primary, Secondary, Investment
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo, Non QM
  • Reverse, Renovation, Manufactured

Colorado Springs renovation home loans

Looking to Rehab a Colorado Springs Home?

Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not look at a renovation loan?  Purchase the Perfect Home and make it your own. Call today.

  • Remodel, Renovate or Repairs
  • FHA 203K Streamline or full
  • fannie mae homestyle reno
  • freddie mac home choice reno

Colorado Springs FHA Home Loans

Great for 1st Time Colorado Springs Homebuyers

FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket.   Call today to get started.

  • Smaller Down Payment
  • Flexible Underwriting
  • Higher Debt to Income Ratios
  • Lower Credit Scores OK

Colorado Springs VA Home Loans

100% Financing for Colorado Springs Veterans

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.

  • Simply Qualifying for Veterans
  • No Down Payments Requirements
  • Lower Credit Scores Accepted
  • Manual Underwriting Allowed

Colorado Springs Conventional Loans

Flexibility for Colorado Springs Homebuyers

Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a Loan Officer.

  • Primary, 2nd Home, Investment
  • Great Rates & Low Fees 
  • Single Family and Multi-Family
  • Renovation Loan Programs

Colorado Springs Jumbo Home Loans

Colorado Springs Non Conforming Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits.  Call today to speak to a loan officer.

  • Primary Residence and 2nd Homes
  • Higher Loan Amounts – 3 Million
  • Great Interest Rates
  • Investor Specific Guidelines

Colorado Springs USDA Home Loans

100% Rural Colorado Springs Home Loans

USDA Loans are a great option for families wanting to live outside of the city.  Call today to speak with a loan officer to discuss your personal loan options.

  • Rural Properties Only
  • Primary Residence Only
  • Geographic Restrictions
  • Income REstrictions

Colorado Springs Native American Loans

Colorado Springs HUD 184 Home Loans

HUD 184 Home Loans are solely for Native American and offer a variety of benefits.  Call today to speak with a loan officer to find out more.

  • Primary Residence Only
  • Manual Underwriting for All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed

Colorado Springs Manufactured Loans

Great Alternative Colorado Springs Housing

Colorado Springs reverse mortgages

Your Colorado Springs Home at Work

Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.

  • primary residence only
  • simple qualifying – equity based
  • credit scores not applicable
  • Minimum age 62

Colorado Springs Non QM Home Loans

Making Colorado Springs Mortgages Possible

Looking for Non Traditional Home Mortgage Loan?  Contact a Loan Officer Today to discuss the alternative mortgage options currently available.

  • Purchase, Rate and Term & Cash-out
  • Primary, Secondary and Investment
  • Full Doc & Bank Statements Programs
  • Corporations OK

Colorado Springs One Time Close Loans

Build Your Colorado Springs Dream Home

Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan.  Call today to see how a OTC loan works.

  • Primary Residence Only
  • Close Once
  • Lock Rate at Contract
  • Traditional Final Mortgage

Colorado Springs Refinance Mortgages

Colorado Springs Rate & Term Refinance

Refinancing can be a hard decision and the payback can sometimes be confusing.  Call today and let our Loan Officers walk you through the process.

  • Reduce Mortgage Term
  • Lower Monthly Payments
  • Appraisal Waivers
  • Streamline Options Available

Colorado Springs Cash-out mortgages

Colorado Springs Equity Mortgage Loans

Cash-Out Mortgage Loans make use of the equity in your home by allowing you to refinance the current mortgage and access this equity to use as you see fit.

  • Debt Consolidation
  • Investment Opportunities
  • Home Improvement
  • Vacation or Education

Colorado Springs Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

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