What is a mortgage?
What is a mortgage broker?
What Types of Mortgages Are Available?
How do I decide which loan is best?
What are the lender's criteria in making a loan?
Will I have to pay for an appraisal?
What if I have a problem verifying my income but I have great credit?
What if my credit isn't exactly perfect?
How long will it take to refinance my mortgage?
Does it cost any money to apply for a mortgage or line of credit?

Q. What is a mortgage?
A. A mortgage is a legal document you sign pledging your property as security for the loan the lender makes to you. A mortgage is executed in conjunction with the note, which is your obligation to pay. A note and mortgage are often considered together when signed by the borrower at closing. All lenders require the borrower to sign both a note and mortgage. back to top

Q. What is a mortgage broker?
A. Mortgage brokers are the "middlemen" between the customer (you) and the lender. Mortgage brokers negotiate, originate, and process residential real estate loans on behalf of the customer. Simply put, we "shop" our portfolio of lenders for the best rate available! back to top

Q. What Types of Mortgages Are Available?
A. Fixed-Rate Mortgage - interest rates and monthly payments remain unchanged for the life of the loan. Adjustable-Rate Mortgage - interest rates and monthly payments can go up or down, depending on the market. Hybrid Loans - a combination of a fixed rate program and an adjustable program. Typically, the loan is fixed for a number of years and then it converts to an adjustable rate mortgage. back to top

Q. How do I decide which loan is best?
A. These questions may help: How much cash do I have for a down payment? What can I afford in monthly payments? How might my financial situation change in the near future and beyond? How long do I intend to keep this house? How comfortable would I be with the possibility of your monthly payments increasing? Discuss these with a US CapitalCorp Loan Officer so we can help you decide which loan would best suit you. back to top

Q. What are the lender's criteria in making a loan?
A. Every lender uses its own criteria in making a determination whether to approve the borrower's application for a loan. However, most lenders follow guidelines set forth by Fannie Mae (Federal National Mortgage Association) or Freddie Mac (Federal Home Loan Mortgage Association). The general wisdom is that lenders look to the three "C"'s e.g. the borrower's credit history, capability to pay, and collateral. The credit history is examined through a credit report provided by a credit-reporting agency. The cash on hand is verified by your depository or bank, and the collateral or property you finance is appraised by a state licensed, lender approved appraiser. back to top

Q. Will I have to pay for an appraisal?
A. Not necessarily. In some cases, depending on credit score, debt ratio and other loan factors, you may qualify for a property inspection waiver or property inspection report. The prices associated with both of these will vary but are much less expensive than a full appraisal report. Call for more details. back to top

Q. What if I have a problem verifying my income but I have great credit?
A. We have access to several loan programs ranging from a No Income/No Asset/No Employment products to stated income/stated asset products. Please call for details. back to top

Q. What if my credit isn't exactly perfect?
A. We have access to several loan programs like our Credit Comeback products as well as access to lenders who specialize in helping people with lower credit scores to achieve their dreams in owning a home or utilizing the equity in their homes for cash or lines of credit. back to top

Q. How long will it take to refinance my mortgage?
A. It depends on several factors, but in most cases, we can close your loan in 2 weeks to 4 weeks. back to top

Q. Does it cost any money to apply for a mortgage or line of credit?
A. Absolutely NOT. You can apply online or call a US CapitalCorp Loan Officer toll free (866-757-9372) and have a response in less than 20 minutes! back to top