Capital One Mortgage
Capital One is a diversified financial services company, with its operations ranging from banking, credit card, global financial services and auto finance. Its business portfolio also includes mortgage business. It was founded by Richard Fairbank and Nigel Morris in 1988. Since then it has gradually grown in stature and presently it is one of the top lending companies in the United States.
In 2007, in the aftermath of the global financial crisis, Capital One closed its wholesale mortgage banking business. But, it weathered the storm well and again started its mortgage business.
It offers a wide range of hassle free home loan solutions to meet the diverse requirements of the customers. The clients can choose from different loan options such as debt consolidation loans, refinance loans, home equity loans, home equity lines of credit and home purchase loans. Irrespective of your financial status, the loan consultants of the bank will offer you a free no-obligation consultation to assist you find the best mortgage solution. The online services of this bank are also useful to the customers. This allows the clients to get access to their mortgage account and get detailed information about loans, its payment status and the payoff amount. The Mortgage Servicing Professionals are there to assist in loan modification and give further assistance for short-sale program. The mortgage calculator is there through which one come to know about his or her capacity to borrow. This also helps the customers to get idea about the payments and enable them to make difference between the fixed and adjustable loan rate.
Different Mortgage Business of Capital One Bank
Below here we describe about various Capital One mortgage businesses.
Home Equity Loans
Under this head, lump sum money is borrowed from the bank for various needs. The money borrowed can be used for making home improvements, paying the tuition fees in college or for consolidating debt. Interest charged may be tax deductible. But to avail this facility and to know more about it one should consult a tax advisor. There is option to defer the first payment. A discount of 0.25% is offered to the customers with automatic payments from Capital One Bank branch checking or savings account.
Home Equity Lines Of Credit
You can utilize the amount in whatever way you wish. What you need to do is to just write checks for the amounts you want to borrow. This provides quick access of funds in case of need. Transactions can also be done through mobile or online transfers. Tax deductions are applicable. Transactions can be done through mobile, online or through check. A discount of 0.25% is offered to the customers with automatic payments from Capital One Bank branch checking or savings account. What is advised to the customers is to consult tax advisor.
Mortgages
This is a hassle-free process to obtain a loan from this company. The loan consultants of the bank are always there to assist the customers.
Home Purchase Loans
Whether you are a first time buyer of a home or a second time buyer, the bank is always there to come up with a mortgage solution to meet the requirements of the clients. Maximum loan amount could be $2 million. Fixed as well as adjustable rates of interest
Refinance
A wide variety of refinance options are available before the clients. The loan consultants, however, are there to assist the customers in picking the best available option, depending upon the needs and financial position of the client. In fact, refinancing of mortgage is considered as a wonderful way to manage one’s finances. The refinancing arrangements help the individuals to meet different financial goals. The financial goals of the individuals may be to convert the equity in one’s home into cash, lock in a fixed rate, consolidate high-interest debt and lower down your monthly payment. One can lock in at today’s rates and know exactly how much to pay in every month over the life of the loan.
Capital One Bank Mortgage Rates
The mortgage rates are based on the needs of the customers and depend on the fixed or the adjustable program. Clients can choose the rate which best suits the requirements of the customers, depending upon their needs and financial position. Below here we provide you a table from where you can find important rates for popular mortgage loans. To get more information one can call at 1-866-923-4954.
| Mortgage Loan | Rate | APR | Points | Monthly Payment |
| 30 Year Fixed | 4.875% | 5.005% | 0.500 | $1342.87 |
| 15 Year Fixed | 4.125% | 4.456% | 1.250 | $1906.88 |
| 30 Year FHA/VA Fixed | 4.750% | 4.847% | 0.125 | $1318.79 |
| 5/1 ARM | 3.625% | 3.716% | 0.125 | $1152.95 |
| Jumbo 5/1 ARM | 4.250% | 4.344% | 0.125 | $3731.06 |
APR – Annual Percentage Rate
ARM – Adjustable Rate Mortgage
The Annual Percentage Rate is subject to change at any time
Capital One Mortgage Contact
Below here we furnish important contact details regarding home loans.
Customer Service Number
1-888-497-6278
Address for Payment / Correspondence
Chevy Chase Mortgage
7501 Wisconsin Avenue
West Tower; 6th floor
Bethesda, MD 20814
Mailing address for loan payoff
Capital One, N.A.
Attn: Escrow Department
1501 Woodfield Road, Suite 400E
Schumberg, IL 60173-4982
Mortgage Clause address
Capital One, N.A.
Its Successors and/or Assigns, ATIMA
PO Box 57046
Irvine, CA 92619-7046
The Capital One Mortgage Administration and Processing Service Center is located in Louisiana. Customers can call the Louisiana and Texas toll-free number 1-877-462-4040. Customers can also contact any local office by dialing 1-800-468-7808. They can also contact the below mentioned local offices.
Administration/B.R. Processing Service Center
11130 Industriplex Blvd.
Baton Rouge, LA 70809
1-800-468-7808
Sherwood Forest Branch
4646 S. Sherwood Forest Blvd.
Baton Rouge, LA 70816
(225) 381-2385
Fax Number (225) 381-2253
Last Updated On: 2011/05/03
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