Mortgage Capital Associates is one of the leading companies in terms of mortgages in the nation today. They offer the lowest rates compared to others and they provide exceptional services especially for those who are first timers in getting a mortgage. They have an excellent financing process and loan programs that they personalize for every customer they have. Borrowers should understand that every mortgage loan is different from another and thus there will always be a need for personalizing especially when it comes to payment terms. Mortgage Capital Associates will give fitting amortizations depending on the borrower’s capacity to pay and background.

Mortgage Rates

The latest mortgage rates they have as of September 2012 are quite competitive compared to the national average rate which is 3.750%. For the 30 year fixed term with loan programs of $165,000 to $417,000, the rate is 3.375% with an annual percentage rate or APR of 3.376%. A rate and APR of 3.500% for the 20 year fixed term. While for the 15 year fixed term, the annual percentage rate is 2.832% and the rate is 2.750%. On the other hand, to those who will be choosing the 5/1 ARM the rate is 2.500% and APR is 3.083%. For the 7/1 ARM, the rate is 3.000% and annual percentage rate of 3.218%. And lastly is the FHA 30 year program with a rate of 3.375% and an APR or 3.426%.

In conclusion, people who are planning on grabbing and applying for the best mortgage should do it with Mortgage Capital Associates. They will surely provide the best services and the rates in the market today.

About the Rates

Mortgage Capital Associates has these following rates available:

CD Rates

30-Year Fixed Rate - 4.091 APR
15-Year Fixed Rate – 3.246 APR
5/1 ARM - 2.898 APR
30-Year FHA Fixed – 4.413 APR

The 30-year fixed loan is much less than today’s average of 4.29%. This means that once you sign up for a home loan under Mortgage Capital, you will be getting up to 0.29% in discount. Not bad a deal indeed.

How to Apply in 3 Steps

To get a loan from MCA, all you need to do are the following:

1. Download all the application forms form their website and fill them up.
2. After signing, fax the forms to the number posted on their site.
3. Mail the original documents to their headquarters’ address as shown on their homepage.

To speed up the process, you must have the following documents ready for sending:

• One month’s worth of the latest paystubs you have
• The previous 2 year’s W2’s
• The previous two year’s signed copies of tax returns, with schedules of filing
• Company number and name of your homeowner’s insurance
• Two month’s worth of the latest bank statements
• Two month’s worth of the latest statements form any investment or retirement accounts

About Mortgage Capital

This company was originally founded in Los Angels in 1982. Because of its consistent offer on giving out low mortgage rates, along with company credibility, it now ranks among the top 200 lenders in the country.

Mortgage Capital Associates caters to a wide audience all over America. It provides loans to any of these states: Arizona, California, Colorado, Connecticut, District Columbia, Delaware, Georgia, Hawaii, Illinois, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin.

There are numerous factors to consider when purchasing a new home. Although the cost of the mortgage may seem like the most important thing, the reputation of the lending company should also be taken into account. With Mortgage Capital Associates, you get the best of both worlds.

Today, one of the nation’s best mortgage rates are being offered by Mortgage Capital Associates. Currently, they are offering a 3.875% rate on a 30-year fixed loan which is incredibly low as compared to the national average of 4.29%. Other rates from Mortgage Capital Associates is 3.250% for a 15 year mortgage and 2.75% for a 5/1 ARM.

Mortgage Capital Associates have been in business for 25 years and is one of the nation’s top 200 lenders. MCA has also been one of the first few lenders who used the Internet as a way of marketing the firm. They made it easy for consumers research mortgage rates and get the assistance that they needed. Today, MCA lives up to its mission by providing a quick quote feature on their website where only minimal information is needed for a quote to be obtained.

One of the best things about Mortgage Capital Associates is that it is currently operating and licensed in 38 states within America making themselves more available to their consumers.

To top it all off, it is possibly to apply for a loan online by simply filling up their online form. They also provide a number wherein you can call them anytime and they will have a customer representative assist you.

Mortgage Capital Associates surely beats other mortgage lenders in terms of rates. It also offers the usual online services that bigger lenders are offering. However, it is always best to keep researching for the right lender who can help make the loan or refinance process easy for you. Just make sure not to look too long since the current mortgage rates make it ideal to lock in now.