My wife and I are currently renting but have been thinking it would be wise to purchase
     our own home. Where do we start?
     Buying a home is an investment in your future. As a renter, you'll keep paying rent forever but as a
     homeowner you have the opportunity to build equity and eventually have a home that's paid for. A good
     starting point is to contact an experienced mortgage professional who has the ability and expertise to
     evaluate your current credit and financial  situation and to make an educated recommendation regarding
     the price range you can afford, loan products and which would suit your needs both now and into the
     future and even steer you to a real estate professional who is honorable, knowledgeable and experienced.

     Why don't you post all your rates on your site?
     Have you ever gotten a low rate quote from a lender only to find out later that the quote was only for a
     specific type of loan under ideal circumstances? Because there are many factors that can affect loan pricing
     and availability, we're willing to take the extra time to discuss your specific situation and give a rate quote
     that's accurate, competitive, in writing and best of all...it's free.

     What are closing costs and who do they benefit?
     Closing costs are real expenses incurred in financing real estate. They can be substantial and will vary from
     transaction to transaction. Sellers or builders will often offer to pay these costs. Builders will generally include
     this concession in the sales price and re-sellers will probably request an increase to the agreed upon purchase
     price so that these costs can be financed. An experienced mortgage consultant will be able to itemize and
     explain these costs to you.

     CLICK HERE to download an excellent publication distributed by the United States Department of Housing
     and Urban Development which takes the mystery out of closing costs.

     My credit is less than perfect. What are my options?

     With the current turbulence in the prime mortgage market it will remain to be seen what lending options
     remain available for homebuyers. Tightening credit standards and larger down payment requirements
     may force some potential homebuyers to postpone their purchases until either their credit situation
     improves or a sufficient down payment can be acquired. Capital Lending Group will remain committed to
     offering cutting edge home loan products which will meet the needs of first time homebuyers as well as
     seasoned homeowners and investors both now and into the future. If you have concerns about your
     credit situation, rather than write off your dream to own a home...call us for a free credit consultation.

     I've heard of "no closing cost" mortgages. How do they work?
     The term "no-cost" loan refers to a mortgage that appears to have no closing costs or minimal out of
     pocket expenses. As discussed above there are always real costs associated with obtaining a mortgage
     and have to be accounted for  in some manner. A "no closing cost" mortgage generally accounts for
     these expenses in one of two ways:

     1. In the event of a refinance, where there is sufficient equity, the closing costs may be included in
         the new loan amount.   
    
          Example:   Current Principal Balance + Closing Costs = New Loan Amount

     2. Applicants may also have the option of trading their closing cost expense for a slightly higher
          interest rate. These costs are funded by the mortgage broker who receives additional compensation
          from the lender in exchange for the higher rate.

     WE STRONGLY RECOMMEND THAT CONSUMERS GET A RATE QUOTE FROM AT LEAST THREE
     REPUTABLE LENDERS. THEY SHOULD IDEALLY BE OBTAINED ON THE SAME DAY SINCE RATES
     FLUCTUATE, FOR THE SAME PRODUCT AND FOR A TERM SUFFICIENT TO CLOSE YOUR LOAN.