Capital Home Mortgage Auburn

Auburn refinance Home Loans

REfinance Mortgage Lender Auburn

Auburn Washington Rate & Term Refinance

A rate and term 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 terms.

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 benefits of mortgage refinancing:

Lower Interest Rate: Refinancing can help you obtain a mortgage with a lower interest rate, resulting in lower monthly payments. This can yield significant savings over the loan’s lifetime.
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., 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.

Apply For a Rate & Term Refinance

Capital Home Mortgage can help Washington residents who qualify modify their rates and loan terms. Call (253) 528-4417 to talk with a professional loan officer about refinancing your Washington mortgage rate and term.

Washington Refinance Mortgage Lender

Welcome to Capital Home Mortgage Washington. Thinking about refinancing? Cashing Out Equity? or Shortening your mortgage term? No matter the goal Capital Home Mortgage has the loan program. As a direct lender, which means Capital Home Mortgage underwrites and approve your home loan. This control of the loan process and loan approval allows for streamline operations resulting in a quick and stress-free experience.

Ready to get started? Call now and one of our mortgage professionals will answer your questions and walk you through the application. Thank you for allowing us the opportunity to provide your home refinancing needs

Why Auburn 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

Auburn Washington 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 the mortgage Securities
Property securing the mortgage
occupancy of the property
Loan to value of the property
Borrower’s credit worthiness

Auburn VA refinance Home Loans

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

VA Standard Refinance

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

VA Streamline Refinance

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

Auburn FHA Refinance home 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

Auburn Conventional Refinance Loans

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 & Fleixble Terms
Maximum Loan Amount – $715,000
High Balance (Varies By County)

Auburn Native American Refinance Loans

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

Auburn USDA Refinance home Loans

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

Auburn Reverse Mortgage Refinance

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

Auburn Mortgage Programs

Auburn Home Purchase

Thinking of Buying an Auburn 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

Auburn renovation home loans

Looking to Rehab an Auburn 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

Auburn FHA Home Loans

Great for 1st Time Auburn 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

Auburn VA Home Loans

100% Financing for Auburn 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

Auburn Conventional Home Loans

Flexibility for Auburn 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

Auburn Jumbo Home Loans

Auburn 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

Auburn USDA Home Loans

100% Auburn Rural 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

Auburn Native American Home Loans

Auburn 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

Auburn Manufactured Home Loans

Great Alternative Auburn Housing

The One Time Close Manufactured Home Loan offer options to purchase your dream home on your own land. Call today to speak to a Loan Officer.

Purchase the Home and Land Together
Include the Utilities and Home Setup
Lock Rate at Contract
Variety of Loan Programs to Choose From.

Auburn reverse mortgages

Your Auburn 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

Auburn Non QM Home Loans

Making Auburn 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

Auburn One Time Close mortgages

Build Your Auburn 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

Auburn Refinance Mortgage Loans

Auburn 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

Auburn Cash-out Home mortgages

Auburn 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.