VA Loans If you are a veteran, thank you for your service! The entire Capital Bank Home Loans team appreciates the sacrifices you have made in defending our country. If you are reading this, then you are most likely considering buying a home and would like to know more about VA loans. VA home loans […]
A home purchase is one of the most significant financial decisions most people will ever make. Unless you’re paying for a home entirely in cash, which isn’t typical, it’s sensible to meet with your lender to discuss ways to reduce costs. Two methods of reducing how much you pay for your home are lender credit […]
What is earnest money? Earnest money, sometimes called a “good faith deposit,” is a sum of money that is included with your offer to purchase a home. Earnest money has become standard, especially in today’s competitive real estate markets. The purpose of earnest money is to tell the seller that you’re serious about purchasing the […]
For years, the 30-year mortgage has been seen as the gold standard for American homeowners. In fact, according to Freddie Mac, a federally-backed mortgage guarantor, an overwhelming 90% of today’s homeowners opt for a 30-year mortgage to pay back their home loan. However, home-buying trends are shifting, with Americans starting to delay homeownership due to […]
The reasons for wanting to buy a first home are so personal! You may be facing a life-changing event like marriage or a new baby; you have a new job with a big salary increase and feel ready to start thinking about buying; or perhaps you’re at an age when all your friends have houses […]
Neighborhoods such as subdivisions, planned communities, or condominiums can organize a homeowners association (HOA) to govern the community. HOAs have recently increased in popularity, and Americans have a one in five chance of living in an HOA property. The HOA creates and enforces rules, called Covenants, Conditions, and Restrictions (CC&Rs), that address the maintenance of […]
Hoping to buy a house while still carrying student loan debt might seem like a dead end – as in, why even try to get a mortgage? The typical amount of education debt outstanding in 2018 per person was between $20,000 and $25,000, according to the Federal Reserve Bank. On average, that’s a payment of […]
Are you ready to buy a home? Congratulations! Owning your own home comes with many benefits and is an amazing feeling. For most of us, a home is the biggest purchase we will ever make. That makes the purchasing process, from start to finish, very important. You might be asking yourself why should I get […]
When shopping for a mortgage, lenders will typically provide two different numbers to show the cost of borrowing the money. The mortgage interest rate, which is related to the cost of borrowing the principal amount of the loan. It is the cost you will pay each year to borrow the money, expressed as a percentage […]
Are you wondering how to get pre approved for a mortgage? It’s one step in the home buying process you shouldn’t overlook. What Is A Mortgage Preapproval? Mortgage pre-approval means that a lender has conditionally approved you for a set home loan amount, based on your credit and finances. Having a mortgage pre-approval letter in […]
Quick quiz: You’re thinking of buying a home – What’s the first thing you do? A. Look online for open houses you can tour B. Find a real estate agent C. Talk to a loan officer The answer is “C” – and not just because we’re a bank. A loan officer helps pin down your […]
Thinking about buying your first home? That’s exciting! It’s also a little scary – first-time home buyers face a big financial commitment and a whole lot of new information. Don’t worry about the information, though. We have some insider secrets to help you sort out what you need to know and do. Here […]
