"Mortgage Capital and Investment LLC has handled our loans for the past three years with approximately 30 loans per year. We have been very pleased with the service and knowledge of the industry and would highly recommend them and will continue to send our clients to them as well."
Invest-N-Homes.com, J. Worden
Invest-N-Homes.com, J. Worden
Mortgages centered around your individual needs
Whether you're a full time real estate investor or a first time homebuyer we have the program best fit for your situation. All programs are not alike. We are well aware of this and our attention to this fact is a cornerstone of our business. The wrong loan given to the wrong client could cost thousands of extra dollars. Thus, our company constantly strives to stay abreast of the most recent loan programs available and their guidelines. We take pride in this strength as well as our keen ability to offer flexible and creative loan programs. Since our success depends upon your satisfaction, we will treat your mortgage like it is our own.
Call Mortgage Capital for Your Personalized Rate Quote
Every loan situation is unique. Without analyzing the ins and outs of your specific goals and financial picture, any rate you find posted on the web will not be 100% accurate. Rather than look online for rates or programs that may or may not fit you, why not call and get a tailor-made quote with all rates and fees spelled out clearly?
Loans we offer
Mortgage Capital & Investment, LLC offers a variety of loan programs for individuals and businesses within the state of Arizona. Whether you're looking for a company to provide debt consolidation loans, first time home buyer, cash out, or other loan programs, Mortgage Capital is your source. We provide financing to as many applicants as possible, including people with bad credit, first time home buyers and people needing debt consolidation help.
Commercial Loans, Commercial Real Estate Financing
Home Buying, Purchase Loans
Refinance Loans
Hard Money Loans - Private Money Lending
Loan Programs
100% No Down Payment
You don’t need a down payment. We can finance 100% of the purchase
price. You still have to pay the closing costs unless the seller is
paying them at close of escrow.
100%, 95%, 90%, 85% No private mortgage insurance
loans
These loans do not carry mortgage insurance even though you are borrowing
over 80% loan-to-value. The lender is paying the mortgage insurance
for you and you are absorbing the cost into the rate which will be higher.
This yields a lower payment than paying mortgage insurance with a lower
interest rate.
80/20 No private mortgage insurance loans
This is a combo loan that has an 80% loan-to-value first mortgage and
a 20% loan-to-value second mortgage. You still have to pay the closing
costs unless the seller is paying them at close of escrow.
80/10 and 80/15 combo loans
An 80/10 combo loan consists of an 80% loan-to-value first mortgage,
10% loan-to-value second mortgage, and a down payment of 10%. An 80/15
combo loan consists of an 80% loan-to-value first mortgage, 15% loan-to-value
second mortgage, and a 5% down payment.
Combination and piggyback loans
A piggyback loan is a combination of two loans closing at the same time
for a purchase or refinance.
Interest-only loans
An interest-only loan is one that gives you the option of paying just
the interest or the interest and as much principal as you want in any
given month during an initial period of time after your closing.
10, 15, 20, 30, 40, and 50 amortization loans
You can amortize your loan over 10 to 50 years. Obviously, the lower
the amortization the higher your payment and the longer the amortization
the lower your payment will be.
1, 2, 3, 5, 7, 10 year arm options
We have all of your adjustable rate mortgage terms. An adjustable rate
mortgage is fixed for an initial specified time and then the rate you
pay becomes adjustable. You must consider the index, margin, and caps
when considering an adjustable rate mortgage.
1, 2, 3, 4, 5, 7, 10 year balloon options
Balloon mortgages are short term loans, fixed rate loans with fixed
monthly payments for a specified period of time with the final payment
for the entire amount of the principal. You can have a balloon mortgage
from 1-10 years.
2/1 Buy down Loans
On a 2-1 buy down, the payment in years one and two is calculated at
rates 2% and 1% below the loan rate. This is an effective way to keep
your payment lower until you can increase your pay or pay off existing
debt.
Down Payment Assistance (Nehemiah or AmeriDream)
Non-profit organizations that offers down payment gift assistance programs
to buyers of single family homes. The gifts typically range from 2-6%
of the sales price and depend in part on the maximum amount of gift
allowed by the lender and can be used to pay closings costs. The seller
has to participate by allowing the non-profit to collect the gift and
apply it to the borrower’s down payment or closing costs for .75%
fee.
Payment abatement loans
The PITI Abatement loan gives the new homebuyer the advantage of prepaying
for the first 6 months through the loan to free up the worry of available
cash. Most programs allow the seller to pay the 6 months of payments
for you.
Bond Programs
Many local and state agencies run bond programs to generate funds to
help individuals and families with a down payment. Contrary to public
thinking, these bond issues are not a type of welfare. The government
knows that it can be tough to buy that first home, especially on a limited
income.
No closing cost loan
There’s no free lunch. If there are no closing costs then it is
being absorbed into the interest rate. Every mortgage company has fees
involved with the origination of a loan and there has to be profit somewhere.
COFI, COSI, CODI, LIBOR, MTA Index Loans
What index is your ARM based off of?
COFI- Cost of Funds Index
COSI- Cost of Savings Index
CODI- Cost of Deposits Index
LIBOR- London Interbank Offered Rate
MTA- Monthly Treasury Average
Other Mortgage Loans we offer:
Commercial Loans, Commercial Real Estate Financing
Hard Money Loans - Private Money Lending
