Affluent Capital

Affluent Capital
HomeGet A LoanHow It WorksMortgage ToolsAbout UsContact Us
Loan Services
Mortgage Programs
 
Mortgage Programs

Traditionally most borrowers go for the stable fixed rate options. However, if you are looking for something slightly less traditional, we have your loan. Whether you are searching for a buydown, an interest only, flexibility in your monthly payments, we can help. Our experience allows you to rest assured your options are exhausted to find you the best home loan.
To pay or not to payDoes it make sense to pay closing points?  The answer may surprise you. Read More...
 
Mortgage Calculator
With some basic information, you can determine what your principal and interest payments will be.  If you are shopping for a home, this is a great place to start.  Do you know which monthly payment you can afford?  Tell us about the basics and we’ll give you the payment.
Repayment Mortgage Calculator
Enter Your Details & Click the Calculate Button
Loan Amount $
Annual Interest Rate %
Term of Loan Years
Number of Payments
Monthly Payment $
 
Rate Tracker
Mortgage rates rise and fall corresponding to the 10-year Treasury Note. If you would like to set a target rate for us to notify you, complete and submit the following information. *Required fields
Name:*
Phone:*
Email:*
Property is in:*
Looking for a:
With rate of:
Comments:
 
Zillow
HomeGet a LoanHow It WorksMortgage ToolsAbout UsContact Us

© 2011 Affluent Capital, LC        Privacy Policy
 Equal Opportunity
Points are up-front fees paid to obtain a lower interest rate on a loan. One point equals one percent of the loan amount. A lower interest rate may result in a lower monthly payment, but it is important to consider how long you intend to be in the loan, and to compare current rates to historical market trends.

If you take out a $300,000 mortgage and decide to pay one point, this translates into an up-front closing cost of $3000. Paying a point saves roughly $100 a month. It will take 30 months to recuperate the cost of that point. In this case you would benefit by remaining in the home at least 30 months (2 ½ years).

Interest rates tend to be cyclical. When rates are at historic lows (now, for example) It is sensible to pay points to lower your rate and payment if you plan to live in the home for an extended period of time. When rates are up, there is a likelihood that they will come back down. That is no time to pay points. The chances of refinancing are extremely high and you may not be in the loan long enough to recoup your costs.