Capital Lending, Inc. Home Loan Mortage Lender

Advertising Disclosures

15-year Fixed-Rate Mortgage Rates as low as 2.7% (3.1% APR)
• The advertised loan is a 15-year Fixed-Rate fully amortizing term.
• There is no prepayment penalty.
• Payment Example:

Loan Amount: $260,000, based on an 80% LTV (Home Value $325,000)
Fixed Interest Rate: 2.750%
Annual Percentage Rate: 3.105%
Monthly Payment: $1,764/ month for 180 monthly payments, plus taxes and insurance
Loan Discount Points 2.291% ($5,957) plus $2,809 in fees

Streamline FHA 15-year Fixed Rate Mortgage Rates as low as 3.3% (4.4% APR)
• The advertised loan is a 15-year Fixed-Rate fully amortizing term.
• There is no prepayment penalty.
• Payment Example:

Loan Amount: $264,550 based on an 80% LTV (Home Value $350,000)
Fixed Interest Rate: 3.250%
Annual Percentage Rate: 4.353%
Monthly Payment: P&I $1,859 plus MIP of $95.16 for a total payment of $1,954 per month for 180 monthly payments, plus taxes and insurance.
Loan Discount Points 2.634% ($6,968) plus $7,561 in fees

Jumbo 15-year Fixed Rate Mortgage Rates as low as 3.3% (3.8% APR)
• The advertised loan is a Jumbo 15-year Fixed Rate fully amortizing term.
• There is no prepayment penalty.
• Payment Example:

Loan Amount: $485,000, based on a 70% LTV (Home value $700,000)
Fixed Interest Rate: 3.250%
Annual Percentage Rate: 3.822%
Monthly Payment: $3,408/month for 180 monthly payments, plus taxes and insurance
Loan Discount 3.767% ($18,270) plus fees of $4,057.

30-year Fixed-Rate Mortgage Rates as low as 3.3% (3.5% APR)
• The advertised loan is a 30-year Fixed-Rate fully amortizing term.
• There is no prepayment penalty.
• Payment Example:

Loan Amount: $260,000, based on an 80% LTV (Home Value $325,000)
Fixed Interest Rate: 3.375%
Annual Percentage Rate: 3.584%
Monthly Payment: $1,149/month for 360 monthly payments, plus taxes and insurance.
Loan Discount Points 2.419% ($6,289) plus $2,809 in fees

FHA 30-year Fixed Rate Mortgage Rates as low as 3.3% (4.2% APR)
• The advertised loan is a 30-year Fixed-Rate fully amortizing term from.
• There is no prepayment penalty.
• Payment Example:

Loan Amount: $264,555, based on an 80% LTV (Home Value $350,000)
Fixed Interest Rate: 3.250%
Annual Percentage Rate: 4.194%
Monthly Payment: $1,151 plus MIP of $172 for a total payment per month of $1,323 for 360 monthly payments, plus taxes and insurance.
Loan Discount Points 2.919%($7,722) plus $7,561 in fees

5-year Adjustable Rate Mortgage Rates as low as 3.0% (4.3% APR)
• The advertised loan is a 5-year Adjustable Rate fully amortizing term.
• The monthly payment after 5 years is based on a 2% maximum adjustment per year a 2% initial interest rate cap and a 5% lifetime cap
• The rate is variable.
• There is no prepayment penalty.
• Payment Example:

Loan Amount: $260,000, based on an 80% LTV (Home Value $325,000)
Interest Rate: 3.000%
Annual Percentage Rate: 4.256.%
Monthly Payment: $1,096 for 60 Months, plus taxes and insurance.
Loan Discount: 2.439% ($6,341) plus $2,809 in fees,
Monthly Payment After 5 Years: $1,351, Maximum monthly payment of $1,748, plus taxes and insurance.

ARMs can be complicated.

If you do not understand how they work, you should not sign any loan contracts, and you might want to consider other loans. With an ARM, the interest rate on your loan is not fixed. Instead, it changes over time according to a formula – typically, a base interest rate (index) plus a certain percent (margin) (for example, the Prime Rate plus 3 percent). So, if the base interest rate increases, your interest rate, and the monthly payment will also increase.

Disclosure Assumptions

• The interest rate quoted assumes a FICO score of 740 with a maximum loan-to-value ratio of 80% on a primary single-family home with a loan of under $484,350.
• The interest rate quoted on Jumbo products assumes a FICO of 700 with a maximum loan-to-value ratio of 70% on a primary single-family home with a loan of over $484,350.
• The actual interest rate, APR and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors.
• Not all consumers will qualify for these monthly payment terms. Specific rates and terms offered to our applicants may vary.
• Rates are subject to change daily without notice.
• Payment amounts shown do not include taxes or insurance. The actual payment amount will be greater

Michigan 1st Mortgage Broker License No. FL