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Looking into a Home Purchase? Learn about mortgage options and loan programs.
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Capital Home Mortgage Rates
Capital Home Mortgage is dedicated to offering Great Mortgage Rates.
Call now to speak with a Loan Officer or request a no obligation custom rate quote.
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 the mortgage Securities
- Property securing the mortgage
- occupancy of the property
- Loan to value of the property
- Borrower’s credit worthiness
Fixed Rate Mortgage Loans
All Fixed Rate Mortgage Loans are designed to have equal payments for the specified term. These loans offer predictability and are deemed to be less risky for borrowers. Fixed Rate Mortgage Loans are available with all mortgage products and are typically offered in 15 year and 30 year terms. However, Fixed Rate Mortgage Loans are also offer in 10 year, 20 year and 25 year terms although less common due to demand.
Adjustable Rate Mortgage Loans
Adjustable Rate Mortgage Loans known as ARM s are also available with all mortgage products although are limited with FHA Home Mortgages, VA Home Mortgages and USDA Home Mortgages. ARM’s are great fit for home buyers who plan to sell or refinance their home between 1 and 10 years and are looking for the lowest possible payment. ARM’s are also a product the offers a lower rate during times where fixed rates are demanding higher rates. An adjustable rate mortgage begins as fixed rate for a specific period of time then adjusts the rate on a predetermined time period and a predetermined amount based on financial index and a fixed margin.
