Read moreEven if you have limited savings, our low-down-payment programs can help you become a homeowner.
Quick! While mortgage rates are low. NOW is the time to look into refinancing your home.
- 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
Small Portfolio ($400,000 to $3M)
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Max LTV
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Fixed Term
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Rate
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Max. Amort.
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Purchase - 80%
Rate/Term Refinance - 80%
Cash-Out Refinance - 75%
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Floating
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4.82% - 5.35%
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30
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5-year
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5.90% - 6.09%
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30
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7-year
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6.07% - 6.21%
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30
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10-year
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6.08% - 6.54%
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30
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30-year
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7.52% - 7.63%
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30
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Large Portfolio - Non-Recourse ($3M to
$20M+)
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Max LTV
|
Fixed Term
|
Rate
|
Max. Amort.
|
Purchase - 80%
Rate/Term Refinance - 80%
Cash-Out Refinance - 75%
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Floating
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3.95% - 4.53%
|
30
|
5-year
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5.71% - 5.90%
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30
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7-year
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5.92% - 6.07%
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30
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10-year
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5.96% - 6.08%
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30
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30-year
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7.42% - 7.52%
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30
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Special Products
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Program
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Fixed Term
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Rate
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Max. Amort.
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Rehab / Bridge (75% LTC)
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1-year
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6.00% - 8.00%
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Interest-Only
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$500,000 to $1.5M
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Max LTV
|
Fixed Term
|
Rate
|
Max. Amort.
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75%
Purchase and Refinance
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3-year
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6.85% - 7.15%
|
30
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5-year
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7.15% - 7.25%
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30
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7-year
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7.25% - 7.50%
|
30
|
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$1.5M to $10M+
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Max LTV
|
Fixed Term
|
Rate
|
Max. Amort.
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75%
Purchase and Refinance
|
3-year
|
6.75%
- 6.95%
|
30
|
5-year
|
7.00% - 7.25%
|
30
|
|
7-year
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7.30% - 7.40%
|
30
|
|
Conventional and Government Programs
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Max LTV
|
Fixed Term
|
Rate
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Max. Amort.
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90%
Purchase (SBA)
75%
Refinance
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Floating
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5.50% - 6.00%
|
30
|
3-year
|
6.00% - 6.25%
|
30
|
|
5-year
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6.00% - 6.50%
|
30
|
|
10-year
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6.75% - 7.25%
|
30
|
|
Index
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Current Rate
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Last Month
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Last Year
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Prime
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3.25%
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3.25%
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5.25%
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Libor (6-month)
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1.76%
|
1.75%
|
2.40%
|
5-Year Treasury
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1.66%
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1.91%
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2.62%
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10-Year Treasury
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2.64%
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2.85%
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3.56%
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| *Note:
rates vary widely depending on borrower credit, LTV loan size, property
condition, market conditions, and other factors.
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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.
