CAPITAL HOME MORTGAGE
refinance Home Loans
Refinance Mortgage Lender
Welcome to Capital Home Mortgage, a Refinance Mortgage Lender that strives to provide homeowners with Mortgage Refinances at competitive Refinance Mortgage Rates with low fees while ensuring outstanding customer service.
First, we’d like to thank you for the opportunity to earn your Refinance Home Loan business. We understand that refinancing is an important decision, that is why Capital Home Mortgage offers dedicated refinance specialists to listen your your specific needs and go over all of the potential options.
Capital Home Mortgage is a direct Refinance Mortgage Lender that manages the entire refinance process from the application to the funding. Our in-house processing and underwriting enables for quick, common sense approvals and timely closings.
Call today (800) 804-5181 to talk to one of our Refinance Loan Officers.
Refinance Mortgage Rates
Rate & Term Mortgage Refinance
A rate and term mortgage refinance is a type of mortgage refinancing in which the borrower modifies the terms of their current mortgage loan. The goal is to obtain better loan terms, such as a reduced interest rate and/or a different loan duration, by replacing the existing mortgage agreement with a new one. Refinancing involves paying off the existing mortgage and then making payments on the new loan. A rate and term refinance aims to enhance the borrower’s financial standing by swapping their current mortgage for a new one with better conditions.
The interest rate, monthly payments, and term length of the mortgage can change during a rate and term refinance, and the borrower may be required to have a specific credit score and debt-to-income ratio to qualify. The refinance loan features a new (preferably lower) interest rate and a new mortgage term, such as additional 30 years or 15 years. Refinancing permits the borrower to modify the interest rate and/or loan term, resulting in a new mortgage that pays off the current one.
The purpose of a rate and term refinance is to obtain better loan terms by replacing the existing loan with a new mortgage agreement with more favorable numbers and financing terms. This is the most prevalent form of refinancing. Benefits of Refinancing Your Current Mortgage Refinancing a mortgage can offer numerous advantages.
Here is a summary of the advantages of mortgage refinancing:
- Lower Interest Rate: Refinancing can help you obtain a mortgage with a lower interest rate, resulting in lower monthly payments.
- Refinancing with the same term as the original mortgage or extending the payoff date can result in reduced monthly payments.
- Refinancing to a shorter mortgage term (e.g., from 30 to 15 years) can help you pay off your home debt more quickly.
- Refinancing can reduce your mortgage rate, allowing you to create equity in your property more quickly.
- Refinancing can enable you to consolidate debt from different sources, making it easier to manage your finances.
It is essential to examine the fees associated with refinancing and evaluate if it makes sense for your financial circumstances, as refinancing is not always advantageous.
Bottom Line: Refinancing Your Home Can Make It Work For You
When the time comes, refinancing is an excellent method to use your home as a financial asset. To save money in the long run, you can change your loan term, receive a better interest rate, and switch loan types. Alternatively, cash out your home equity and use the money as needed.
VA refinance Home Loans
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
FHA Refinance home Loans
FHA Standard Refinance
- Appraisal Required
- 97.75% Max Loan to Value
- Closing Costs 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
Conventional Refinance Loans
- 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)
Native American Refinance Loans
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
USDA Refinance home Loans
USDA Non Streamlined
- Appraisal / Income Documents
- Max LTV Equal to Appraisal
- Closing Costs 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
Reverse Mortgage Refinance
- Primary Residence Only
- 62 Years or Older
- Required Hud Counseling
- Homeowners Insurance Required
- Must Continue to Pay Taxes
- Meet Required Equity Values
Apply For a Rate & Term Mortgage Refinance
Capital Home Mortgage can help residents who qualify modify their rates and loan terms. Call (800) 804-5181 to speak with our Home Loan Specialist.
Why 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 Payment
Capital Home Mortgage Company Reviews
Home Mortgage Programs
Home Purchase loans
Looking to Purchase a Home?
- Primary, 2nd Home, Investment
- Low Rates & Fees, No fee Options
- FHA, VA, USDA, Native American
- Conventional, Jumbo & Renovation
- Manufactured, Construction, Reverse
Renovation Home Loans
Looking to Rehab a Home?
- Remodel, Renovate or Repairs
- FHA 203K Streamline
- FHA Full Documentation Rehab
- Fannie Mae Homestyle Reno
- Freddie Mac Home Choice Reno
FHA Home loans
Great 1st Time Homebuyers
- Smaller Down Payments
- Flexible Underwriting Guidelines
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Down Payment Gifts Allowed
va Home Loans
100% Financing for Vets
- No Mortgage Loan Limits
- Simple Qualifying
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Manual Underwriting Allowed
Conventional Home loans
Flexibility for Homebuyers
- Primary, 2nd Home, Investment
- Single and Multi-Family Properties
- Variable Mortgage Insurance Options
- Low Rates & a Variety of Terms
- Renovation Programs Available
Jumbo Home Loans
Non-Conforming Home Loans
- Primary & 2nd Homes
- Variety of Mortgage Programs
- Simple Qualifying for Veterans
- Investor Specific Guidelines
- Credit Score Minimums
USDA Home loans
100% Rural Home Loans
- Primary Residences
- No Down Payment Required
- New Manufactured Homes Allowed
- Closing Costs / Repairs Rolled In
- Geographic and Income Limits Apply
Native american Home Loans
Hud 184 Home Loans
- Primary Residence Only
- Manual Underwriting for All Loans
- No Credit Score Requirements
- Tribal Grants Allowed
- Purchase, Refinance, and Renovation
Manufactured Home loans
Great Alternative Housing
- Existing Purchase or Refinance
- New Construction
- One Time Close Land/Home Combo
- Lock at Contract
- FHA, VA, USDA, Native American
Reverse Mortgage Loans
Your Home at Work
- Primary Residence Only
- Simple Qualifying – Equity Based
- No Credit Score Requirements
- Minimum Age 62
- Purchase, Refinance, and Cash-Out
Non QM Home loans
Making Mortgages Possible
- Purchase, Refinance & Cash-out
- Primary, Secondary, Investment
- Full Doc Programs
- Alt Doc Programs
- Corporations OK
One Time Close Home Loans
Build Your Dream Home
- Primary Residences Only
- One Time Close
- Lock Rate at Closing
- Traditional Final Mortgages
- No Payments During Construction
Refinance Mortgage loans
Rate & Term Refinance
- Lower Monthly Payment
- Shorten Mortgage Term
- Streamline Options Available
- Appraisal Waivers Allowed
- VA IRRRL’s
Cashout Mortgage Loans
Equity Mortgage Loans
- Debt Consolidation
- Investment Opportunities
- Home Improvement
- Dream Vacation
- Higher Education
