1. Contact Capstone Mortgage Company (see Loan Application). Provide the following information about your existing mortgage:
- Type of mortgage (Fixed or Adjustable)
- Interest rate
- If an adjustable mortgage, when does the rate readjust
- Outstanding loan balance
- Your objective--to lower your monthly payment, take out equity, or both
2. Capstone Mortgage Company contacts you with our recommendations. Hopefully, we will be able to save you a substantial amount of money. However, if your existing mortgage rate is below market, then we'll recommend that you do nothing, and we'll continue to monitor the market for you. Bottomline--your mortgage analysis has been free and easy, and you have been proactive in managing your debt.
3. Assuming we can satisfy your objectives, Capstone Mortgage Company helps you select the loan program that best suits your needs.
4. Capstone Mortagage Company sends you an application package with a document checklist (see Documents Checklist).
5. You return the package, and Capstone Mortgage Company orders the appraisal.
6. Capstone Mortgage Company submits your loan application to the lender.
7. You attend the closing and refer all your friends and co-workers to Capstone Mortgage Company.