Even though there are several banking institutions in the United States of America, Capital One Financial stands apart from its competitors as far as offering high end mortgage deals is concerned. The bank offers standard 30 year and 15 year fixed rate as well as flexible rate home mortgage schemes at lucrative rates. On Monday, September 22, 2014 the bank decided to make no major changes in its standard mortgage schemes as far as the interest rates were concerned.
On Monday, September 22, 2014, the interest rates for home mortgage schemes at Capital One Financial Corp (NYSE:COF) stood at 4.250% yielding a total annual percentage rate of 4.303%. The APR on these schemes too remained more or less same as it was on Friday. The people who cannot afford the long term benchmark schemes can instead go in for the short term 15 year fixed rate mortgage schemes offered by the bank. The 15 year FRMs were listed at 3.500% rate of interest in addition to an APR of 3.592% to start with.
The bank offers high end jumbo schemes for the exclusive clients who are willing to purchase expensive penthouses and apartments. The higher rate jumbo schemes for 30 years were being offered for 4.625% at Capital One along with an APR of 4.647%. The 15 year short term jumbo schemes were listed for 4.125% rate of interest along with an annual percentage rate of 4.163% to begin with.
Capital One Financial even offers flexible adjustable rate mortgage schemes to the individuals who are willing to take up flexible rate schemes. The 5 year ARMs at Capital One financial are on the books for about 3.250% rate of interest carrying an annual percentage rate of 3.055% to begin. The 7 year ARMs were on the books at 3.375% today in addition to an annual percentage rate of 3.156%.
Disclaimer: The advertised rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the quotes.
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