Capital Home Mortgage Missouri
Missouri Mortgage Rates
Missouri Mortgage Rates
Capital Home Mortgage Missouri is dedicated to offering great Missouri Mortgage Rates and Low Fees all while providing exceptional customer service. Our mortgage professionals are focused solely on home mortgage lending to make your experience smooth with an on time closing. Call today to speak with a mortgage officer or request a no obligation quick rate quote.
Why Missouri is Choosing Capital Home Mortgage...
Close On Time with True Approval
Control of the Loan from the Application to Funding.
Great Missouri Rates / Low Fees
Direct Mortgage Lender Providing Competitive Rates and Low Fees.
Missouri Customer Service
7 Day a Week Support from Application to Final Mortgage Payment.
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How Today's Mortgage Rates are Determined?
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 Today are calculated using several factors.
The first factor in establishing the interest rate is the demand for the particular type of mortgage by investors. This is determined by the competition from other investments products. Simply put the more demand for mortgage securities the lower the interest rates.
The second part of the rate determination is the physical property securing the mortgage. The type of property, (single family, duplex or multifamily) and its intended use, (primary, secondary or investment) are both considered in evaluating the risk of the mortgage loan. Example, a multi-family investment property is considered a higher risk mortgage loan than a single family owner occupied primary residence.
The third factor is the loan to value of the subject property. A smaller down payment means a higher loan to value translating into more risk and a higher probability of default.
The final determining factor is the borrower’s credit worthiness. Borrowers with higher credit scores and lower debt to income ratios (debt to income refers to monthly payments verse gross monthly income) are consider lower risk than borrower’s with marginal credit scores and higher debt to income.
While each individual factor does not determine the mortgage interest rate, they do collectively provide adjustments in the risk assessment for the final interest rate offered to the consumer.
For more information on Todays Mortgage Interest Rates contact one of our licensed mortgage professionals for a personalized rate quote. National Rate Average per Freddie Mac.