Mortgage News
Ascot Mortgage Service LLC

Your Best Mortgage Professionals In Dallas
As Published In
D Magazine (Dallas/Fort Worth), July 2013

Your Best Mortgage Professionals In Dallas


HUD Buying Your Home Handbook:


Consumers Handbook on Adjustable Rate Mortgages (ARM):


Low credit scores not mattering!
Are you ready to
be a homeowner?

For mor information please download the HUD's Settlement Cast Booklet.
*Shopping for Your Home Loan"


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Get Into A Home Of Your Own

Even if you have limited savings, our low-down-payment programs can help you become a homeowner.


Refinance Mortgage Rates Are Low!

Quick! While mortgage rates are low. NOW is the time to look into refinancing your home.


FASB Ruling Hits the Mark

- Bonnie Raitt. Better believe that last week's news gave us plenty to talk about.and even a few things to smile about. Here are the highlights.

Current Rates

March, 2009

MULTI-FAMILY

Small Portfolio ($400,000 to $3M)

Max LTV

Fixed Term

Rate

Max. Amort.

Purchase - 80%

 

Rate/Term Refinance - 80%

 

Cash-Out Refinance - 75%

Floating

4.82% - 5.35%

30

5-year

5.90% - 6.09%

30

7-year

6.07% - 6.21%

30

10-year

6.08% - 6.54%

30

30-year

7.52% - 7.63%

30

Large Portfolio - Non-Recourse ($3M to $20M+)

Max LTV

Fixed Term

Rate

Max. Amort.

Purchase - 80%

 

Rate/Term Refinance - 80%

 

Cash-Out Refinance - 75%

Floating

3.95% - 4.53%

30

5-year

5.71% - 5.90%

30

7-year

5.92% - 6.07%

30

10-year

5.96% - 6.08%

30

30-year

7.42% - 7.52%

30

Special Products

Program

Fixed Term

Rate

Max. Amort.

Rehab / Bridge (75% LTC)

1-year

6.00% - 8.00%

Interest-Only

NNN / RETAIL / OFFICE / INDUSTRIAL / SELF-STORAGE

$500,000 to $1.5M

Max LTV

Fixed Term

Rate

Max. Amort.

75%

Purchase and Refinance

 3-year

6.85% - 7.15%

 30 

5-year

7.15% - 7.25%

30

7-year

7.25% - 7.50%

30

$1.5M to $10M+

Max LTV

Fixed Term

Rate

Max. Amort.

75%

Purchase and Refinance

 3-year

6.75% - 6.95%

30

5-year

7.00% - 7.25%

30

7-year

7.30% - 7.40%

30

OWNER OCCUPIED / SBA / HOTEL / MOTEL

Conventional and Government Programs

Max LTV

Fixed Term

Rate

Max. Amort.

90%

Purchase (SBA)

75%

Refinance

Floating

5.50% - 6.00%

30

3-year

6.00% - 6.25%

30

5-year

6.00% - 6.50%

30

10-year

6.75% - 7.25%

30

CURRENT MARKET RATES

Index

Current Rate

Last Month

Last Year

Prime

3.25%

3.25%

5.25%

Libor (6-month)

1.76%

1.75%

2.40%

5-Year Treasury

1.66%

1.91%

2.62%

10-Year Treasury

2.64%

2.85%

3.56%

*Note: rates vary widely depending on borrower credit, LTV loan size, property condition, market conditions, and other factors.

For More Information Contact Donna at 214-360-9505

Ascot Mortgage provides hard money loans.  Very fast closing with private bank funding.  The Texas Lender for difficult deals.  We are an asset based lender - we use common sense on the underwriting of our commercial loans - if the asset makes sense, we will more than likely do the deal.