Capital Bank Home Equity

Capital Bank Home Equity Review

Capital Bank Home Equity is offered by Capital Bank, a bank founded in 1995 and based in Albany, NY. Capital Bank Home Equity is available in 2 states across the USA.

What are the home equity loan requirements of Capital Bank Home Equity

This lender's maximum loan to value rate is 90%. That means the total debt secured by the property cannot exceed 90% of its value. Let's say you own a property with a current market value of $100k, but you still owe $20k on your mortgage. Your equity would be $80k. In this scenario, if you have good credit, you may qualify for a line of credit of up to $70k.

What home equity loan rates does Capital Bank Home Equity offer?

Capital Bank Home Equity offers home equity loans with a fixed APR

Remember the APRs of home equity loans do not include points and financing charges, just the interest rate.

What fees does Capital Bank Home Equity charge for a home equity loan?

Good news. Capital Bank Home Equity does not charge a mortgage origination fee.

Some lenders charge an origination fee for processing, underwriting, and funding a mortgage. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

What types of property can you use as security for a home equity loan with Capital Bank Home Equity?

Lenders often have restrictions on the type of properties they will accept as security for a home equity loan. Capital Bank Home Equity will consider loans secured by the following property types:

• Secondary homes and vacation properties.
• Investment properties and house flipping projects.