Through our partnership with Capital Loan Associates are committed to working with you to find the right mortgage product or payment. We understand that every borrower is a little different, and that is why they offer a variety of products to meet your individual needs. We can refinance, purchase, or reverse mortgage
Refinancing is the process of paying off your existing mortgage with a new mortgage. Typically, you refinance your mortgage to reduce your interest rate and monthly payment or change the length (or term) of your mortgage. You may also refinance to take cash out from your home’s equity to work on that remodeling project you’ve wanted to do. If you’re refinancing to reduce your payments, you’ll want to calculate how long it will take before you recover the closing costs and begin to save money.
Whether this is your first home purchase, or you are a seasoned investor, Capital Loan Associates makes the mortgage process simple and smooth. We will take the stress out of the process and walk you through every step of the way! We will find the best options and programs for your specific needs.
A reverse mortgage is a loan available to a homeowner 62 or older who may be eligible to borrow against the equity in his or her home. Generally, with a reverse mortgage, you receive money from a lender while you stay in your home. You don’t have to pay the money back for as long as you live there and keep the property in good repair, but the loan must be repaid when you sell your home, die, or move to a different primary residence.