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Mortgage
Questions about our purchase and refinance mortgage programs
- How do I calculate refinance mortgage fees and savings?
- What is borrower-paid mortgage insurance (BPMI)?
- How do I unfreeze my credit with the credit bureaus?
- How does CapCenter's 1% Listing Fee bundle work?
- How do I lock in my rate?
- I was already preapproved by another lender, should I get pre-approved by CapCenter too?
- How does no closing costs relate to APR?
- What is a VA mortgage?
- What is mortgage insurance?
- What is an adjustable rate mortgage?
- How long does the refinance process take?
- Who pays closing costs?
- Why should I not use APR to shop for a mortgage?
- Is it necessary to get pre-approved by a lender before I begin the home search?
- I've heard that CapCenter is a one-stop-shop. What does that mean?
- What are terms and phrases used in the mortgage industry?
- What forms of documentation will I need to provide after applying?
- What is a soft credit pull vs. a hard credit pull?
- What is an appraisal?
- What is Conventional 97 (Fannie 97, Freddie 97) Mortgage?
- What is a good interest rate on a mortgage?
- How do I get in touch with my loan officer?
- Who is the number one mortgage lender in Richmond, Virginia?
- How do I choose a mortgage lender?
- How can I expedite the mortgage application process?
- When is the best time to apply for a mortgage?
- What are mortgage points?
- What is the difference between interest rate and APR?
- Will a pre-approval credit inquiry hurt my credit score?
- What are mortgage rates?
- What is Freddie Mac's AMI for my area?
- I am a first-time home buyer. What is the first step?
- When is a 7/6 ARM loan advantageous?
- What are the loan limits?
- What can I do to improve my credit score?
- Can I use my 401(k) funds to buy a house?
- Can I get a loan for an investment property through CapCenter?
- When will my first payment be due?
- What are today's rates?
- Do you refinance condos, second homes, townhomes, land, boats, cars, manufactured homes?
- How long does the pre-approval process take?
- How much mortgage can I afford?
- What is a conventional loan?
- What is the CapCenter 1% Rate Reduction Program?
- Does CapCenter offer floating rate locks?
- Do I need to pay mortgage insurance?
- Can everything be done electronically?
- How have CapCenter’s closing procedures changed in light of COVID-19?
Glossary
- What is a good APR on a mortgage?
- What is loan-to-value (LTV) ratio?
- What is a conforming mortgage?
- What is the difference between private mortgage insurance (PMI) and mortgage insurance premium (MIP)?
- What is a mortgage?
- How does a mortgage work?
- What is mortgage escrow?
- What is a down payment?
- What are discount points?
- What is a debt-to-income ratio?
CapCenter Product Offerings
- Am I a first-time home buyer?
- What loan term lengths do you offer?
- Do you offer jumbo loans?
- What loan products are offered by CapCenter?
- What is a jumbo mortgage?
- FHA vs. Conventional
- What is a FHA mortgage?
- What is Fannie Mae's AMI for my area?
- What are the advantages of a temporary buydown?
- Does CapCenter offer HomeReady and Home Possible® products?
Zero Closing Costs Questions
- What are closing costs?
- How do I calculate purchase mortgage fees and savings?
- Is there an application fee?
- What is a no closing cost mortgage?
- How does CapCenter's Zero Closing Costs purchase work?
- How does CapCenter's Zero Closing Costs refinance work?
- How do I calculate cash out refinance fees and savings?