InterFinancial Capital

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When you choose InterFinancial Capital to help you secure a loan for your property or other purpose, you are making a smart choice.

Exceptional Loan Service for All Your Financial Needs!

First Mortgages

Second Mortgages

Home Improvement Loans

Debt Consolidation

Investment Purchases

Imperfect Credit Welcomed

InterFinancial Capital has hundreds of Loan Program choices – Below is a review of the categories of loans, and what to expect from the process:

Types of Mortgages

Fixed - A mortgage in which the interest rate does not change during the entire term of the loan. also called conventional mortgage. When interest rates are rising this is a popular option.

ARM (Variable) - An ARM is a mortgage whose interest rate is raised or lowered at periodic intervals according to the prevailing interest rates in the market. Also called variable-rate mortgage. This type of mortgage is usually popular when rates are falling or about to fall.

Jumbo - A loan which is larger than the limit set by Fannie Mae and Freddie Mac. The current loan limit for a conforming loan is $240,000. Loans for amounts above $252,700 are considered non-conforming or "jumbo" mortgages. Because jumbo loans cannot be funded by these two agencies, they may carry a higher interest rate.

Second - A mortgage on real estate which has already been pledged as collateral for an earlier mortgage. The second mortgage carries rights which are subordinate to those of the first.

IFC Loan Processing Toolkit!
InterFinancial Capital
Curious about what happens during your loan processing? Need to submit certain key information? Read and refer to this handy loan "toolkit".

Applying for a real estate loan is a simple chain of events. Essentially, there are seven steps:

Step 1. Complete a loan application. After your loan agent has all your information, IFC Mortgage will begin processing your loan.

Step 2. Processing your loan. This involves verifying bank statements, income sources, credit reports, tax records, etc. It also includes ordering the title, escrow, and appraisal. Your IFC loan agent will select a lender that is best suited to your current circumstances. Your loan file will be sent to the lender for their approval.

Step 3. Locking your loan. At some point, your loan rate must be locked in. If the rate is different than the initial rate given by your loan agent in your Good Faith Estimate, a new one will be mailed to you for your review and signature. After your loan is locked, your loan documents are ordered.

Step 4. Signing loan documents. When escrow receives your loan documents, they will call you to make an appointment to go to their office to sign loan documents. Allow about an hour for this because there are over thirty pages that need to be signed.

Step 5. Funding your loan. Many lenders can fund one or two business days after your sign. Escrow sees to it that the monies go to the right accounts according to the instructions you and the seller signed.

Step 6. Recording the deed. When the Deed of Trust is recorded at the County Recorder’s Office, the transaction is complete.

Step 7. Making loan payments. Normally, lenders will give you a coupon for your first payment. You may also receive a coupon book for future payments. But don’t rely on this. Your payment must be received by the date specified on your Note that you received when you signed your loan documents. From time to time, a lender will change the place of payment. They will notify you of this in writing.