Capital One Financial Corp is one of the prominent financial institutions in the country that do offer some really good home mortgage schemes for both long term and short term period. On Thursday, August 21, 2014, Capital One Financial decided to make no positive or negative changes in the interest rates of its standard home mortgage schemes. This is the reason why the people looking to opt for a reliable home mortgage scheme at Capital One Financial (NYSE: COF) might find it a bit difficult to get lucrative mortgage rates for financing their house.
To start with, the benchmark 30 year fixed rate home mortgage interest rates at Capital One Financial Corp are being listed at an interest rate of 4.125% and an annual percentage rate of 4.153%. People who do find the long term 30 mortgage schemes to be expensive need to opt for the shorter version of these schemes. The 15 year fixed rate home mortgage interest rates stood at 3.375% rate of interest yielding an APR of 3.442%. The interest rate for 15 year schemes too remained unchanged.
Capital One even has something in store for the homeowners who are looking to invest in an expensive home purchase deal. They do offer 30 year and 15 year jumbo mortgage deals which can help you raise a bigger sum of money with great ease. The 30 year jumbo mortgage deals at Capital One Financial can be acquired at a starting interest rate of 4.250% and an annual percentage rate of 4.274%. The 15 year jumbo loan deals can be had at 3.750% interest rate and an APR of 3.774%.
The people looking for flexible mortgage schemes at Capital One Financial can opt for the 5 year or 7 year ARMs. The 5 year adjustable rate mortgage schemes are published at 3.000% interest rate along with a starting APR of 2.872%. The 7 year ARMs are listed at an interest rate of 3.125% today. They do yield an APR of 2.968% which is quite decent by all means.
Capital One Financial and 3 major collection agencies have officially agreed to reimburse one of the biggest settlement amounts in the history, which is approximately 75.5 million USD. This amount is to be paid to end a class action lawsuit alleging that the institution did utilized an automated dialer to call clients mobile phones without consent. They did break the rules given under the TCPA.
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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