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Welcome to
Capstone Mortgage Company's
Conforming Rates for Refinances in Connecticut
Due to market unpredictability, these rates are subject to change without notice. To lock a low mortgage rate or discuss other rate programs, please call us at (203) 834-6293.
Conforming Loan Amounts up to $708,000*
(All loan amounts are based on 0 points)
| AMOUNT |
PROGRAM |
|
RATE |
|
(up to $417K) |
30-yr. Fixed |
|
4.125% |
|
|
|
|
|
(up to $708K) |
30-yr. Fixed |
|
4.500% |
|
|
|
|
|
(up to $417K) |
15-yr. Fixed |
|
3.500% |
|
|
|
|
|
(up to $708K) |
15-yr. Fixed |
|
3.500% |
|
|
|
|
|
(up to $708K) |
10/1 ARM |
|
3.875% |
|
|
|
|
|
(up to $417K) |
7/1 ARM |
|
3.375% |
|
|
|
|
|
(up to $417K) |
5/1 ARM |
|
3.000% |
|
|
|
|
|
|
(up to $708K) |
5/1 ARM |
|
3.000% |
1. Click for (APR Calculation).
2. If you refinance, then you might be interested in the No Point/No Closing Cost option. (FYI--the No Point/No Closing Cost option applies only to ARMS). Under this program, the following fees are paid by Capstone Mortgage Company:
- Appraisal ($300)
- Credit Report ($20),
- Overnight Mail ($25)
- Lender's Processing Fee ($250)
- Lender's Underwriting Fee ($275)
- Tax Service Fee ($75)
- Closing Attorney Representation ($400)
- Title Search ($150)
- Title Insurance ($600)
- Recording Fee ($150)
It's not magic, nor are the fees rolled into the loan amount. How does it work? We receive an array of rates from our lenders. The higher the rate the more commission we receive. If we increase the rate by 1/8%, we receive more commission. We take the excess commission and pay these fees. If this new rate is lower than your current rate then you need to refinance immediately. You are lowering your rate, and it costs you nothing.
3. The above table represents rates for most loans. However, some loans may have a potential rate "add-on" for:
Cashout refinances,
High "loan-to-value" (LTV),
Interest only,
Extend rate lock period from 30 days to 45+ days,
Non-owner occupied properties (i.e. investment properties),
Borrower's with impaired credit, and
Borrower's unable to verify income and/or assets.
4. Click here to start your on-line Loan Application.
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