The Loan Process

A Quick Overview Of The Loan Process.

1. Contact Capital Mortgage & Investments

Capital Mortgage & Investments is open five days a week, Monday through Friday 8:30 A.M. to 5:30 P.M.  Our highly qualified loan officers will be happy to assist you in finding the program that best suits your needs. Our staff are trained to provide straightforward, honest feedback that make it easy to obtain the right loan.

2. Applying

There is no longer a need to drive to an office and spend hours wasting time. With Capital Mortgage & Investments, you can submit your loan application online. The process takes about five to ten minutes.

3. Confirmation of Application

Once you apply for a loan with Capital Mortgage & Investments, we can lock in your interest rate or you can choose to "watch" the rates while we process your application, the choice is yours. These rates are updated daily, real time, making sure you are as informed as possible.

4. Processing

Once our processing center receives your application, a Loan Officer will pre-screen your file based on income and credit score. An appraiser local to the area will be commissioned to review the property you are wishing to purchase. The original Loan Officer assigned to your file will be your contact for any questions relating to your loan. Once we receive your completed application the file will then be submitted to our underwriters for final review and acceptance.

5. Underwriting

The decision to approve or deny a loan is based upon several factors: employment history, credit score, income to debt ratio, cash savings and property appraisal. The underwriting process typically takes 2 to 3 days. Capital Mortgage & Investments will immediately contact you once your loan is approved.

6. Closing

After you have been approved and the loan application accepted, Capital Mortgage & Investments will prepare the closing documents that will be supplied to our closing agent. Closings can take place in three business days after loan approval.