Now Is A Great Time To Refinance, Or Apply For A New Home Mortgage

In an effort to keep the economy afloat during the COVID-19, the Federal Reserve has set interest rates at historic all-time lows.  It’s not easy to find good news amid this pandemic, but these low rates might be exactly that, a way for many home-owners to save money by refinancing, or a way for some to afford the payment on their first home.  The bad news is that these rates won’t stay around for long, in fact, the government has already hinted that they will be increasing rates on refinances in the near future.  So if you want to take advantage of these rates, do it now.

By refinancing your existing home loan, you can enjoy a significant difference in your monthly budget.  That savings allows for some extra breathing room, or provides a way to pay off other high-interest debt.   It is very common for people to do a cash-out-refinance, and use that money for home improvements, vacations, or for many other large purchases.

If you are serious about refinancing or getting approved for a home loan, contact Capital Mortgage today by phone, or online.  Our online application process is easy to use and only takes a few minutes to get started.  Best of all, we’re a local company located right here in Boise, so when you call, you won’t be transferred to a call center thousands of miles away and connected to an agent who knows nothing about the Boise market.   You’ll be able to speak with a local mortgage expert who will eliminate any stress or confusion, by taking you step by step through the entire process.

To determine if you’ll qualify, we’ll look at:

  • Current Income
  • Credit History
  • Debt To Income Ratio
  • Existing Home Equity

Don’t be discouraged if you have a or have had a rough credit history.  We have multiple programs tailored for those with both great credit and not so great credit.  Give us a call today, and see if you qualify!

208-854-7800

Or Contact Us Online