Ascot Mortgage Services
Mortgage News
Read more Get Into A Home Of Your Own
Even if you have limited savings, our low-down-payment programs can help you become a homeowner.
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.
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.
- 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.
Investment Properties in Texas
Owning investment properties in Texas is becoming more popular these days, as investors grow tired of the ups and downs of the stock market. Those who find becoming a landlord appealing, may find investment properties a good way to build wealth.
For many small investors, long-term ownership makes the most sense. You'll have plenty of time to ride out any swings in the market, and rental income can make a nice supplement to your day job. Find enough rental properties, and being a landlord may become your day job.
Finding profitable rental properties can take time, connections and plenty of research. At Ascot Mortgage Services, we have financed many investment properties over the years and we can refer you to several real estate professionals who specialize in investment real estate in Texas and Mexico.
Savvy investors are now looking to invest in Model Home Leasebacks, which means the investor buys a model home from a new home builder and then leases it back to the builder, knowing that all maintenance and fees will be paid. It is a win-win situation for both the builder and the investor. Please call Donna for more information regarding model home leasebacks.
Please contact Ascot Mortgage for a complimentary consultation on investment properties in Texas and Mexico. 214-360-9505 or info@ascotmortgage.com
For many small investors, long-term ownership makes the most sense. You'll have plenty of time to ride out any swings in the market, and rental income can make a nice supplement to your day job. Find enough rental properties, and being a landlord may become your day job.
Finding profitable rental properties can take time, connections and plenty of research. At Ascot Mortgage Services, we have financed many investment properties over the years and we can refer you to several real estate professionals who specialize in investment real estate in Texas and Mexico.
Savvy investors are now looking to invest in Model Home Leasebacks, which means the investor buys a model home from a new home builder and then leases it back to the builder, knowing that all maintenance and fees will be paid. It is a win-win situation for both the builder and the investor. Please call Donna for more information regarding model home leasebacks.
Please contact Ascot Mortgage for a complimentary consultation on investment properties in Texas and Mexico. 214-360-9505 or info@ascotmortgage.com
Non Owner Occupied Programs |
|
SIVA |
30 year fixed terms |
75% with 660 FICO |
2% seller concessions |
SISA |
50% DTI on stated income products |
75% with 680 FICO |
DU findings accepted |
NIVA |
4 years BK or F/C |
75% with 660 FICO |
Higher FICO's & lower LTV's may apply for multi-units and c/o refi's |
NINA |
|
75% with720 FICO |
Higher loan amounts for multi-units |
Conforming loan limits LTV reductions may apply in declining market areas |
|
Top Foreclosure List (Week 12-03-2008)
3601 Crownover St, Austin, TX 78725
13% under recent sales comps, 12% under tax appraisal
- Easy access to Austin Bergstrom International Airport,
130 Toll Road and Walter E. Long Lake - School District: Del Valle ISD
- Asking Price: $85,000, 1201 sq ft. 3/2, built in 1999
- Lease: $900/month, Cap Rate: 9%
- Monthly Positive Cash Flow: $22
13% under recent sales comps, 12% under tax appraisal
16009 Hamilton Point Cir, Manor, TX 78653
12% under recent sales comps, 18% under tax appraisal
- Easy access to Shadow Glen Golf Club, toll ways and major technology employers
- School District: Manor ISD
- Asking Price: $94,900, 1718 sq ft. 4/2/1, built in 2004
- Lease: $1000/month, Cap Rate: 9%
- Monthly Positive Cash Flow: $237
12% under recent sales comps, 18% under tax appraisal
11828 Plains Valley Drive, Del Valle, TX 78617 
32% under recent sales comps, 36% under tax appraisal
- Near Austin Bergstrom International Airport and new north/south toll road for easy access anywhere
- School District: Hays ISD
- Asking Price: $99,900, 1991 sq ft. 4/2/1, built in 2005
- Lease: $1150/month, Cap Rate: 10%
- Monthly Positive Cash Flow: $312
32% under recent sales comps, 36% under tax appraisal
7206 Gunnison Pass, Austin, TX 78724 
18% under recent sales comps, 23% under tax appraisal
- Newer construction in established area. Near major city park and golf course
- School District: Austin ISD
- Asking Price: $105,000, 1268 sq ft. 3/2, built in 2006 Lease: $1050/month, Cap Rate: 8%
- Monthly Positive Cash Flow: $230
18% under recent sales comps, 23% under tax appraisal
2001 Carriage Hills Cv, Cedar Park, TX 78613
29% under recent sales comps, 27% under tax appraisal
- Easy access to Austin Bergstrom International Airport,
130 Toll Road and Walter E. Long Lake - School District: Del Valle ISD
- Asking Price: $85,000, 1201 sq ft. 3/2, built in 1999
- Lease: $900/month, Cap Rate: 9%
- Monthly Positive Cash Flow: $22
29% under recent sales comps, 27% under tax appraisal
5529 Colinton Ave, Manor, TX 78653
18% under recent sales comps, 10% under tax appraisal
- Walk to Shadow Glen Golf Club! Around the corner from 130 and 45 toll ways for quick access to north/south employers
- School District: Manor ISD
- Asking Price: $110,000, 1115 sq ft. 2/2, built in 2007
- Lease: $1050/month, Cap Rate: 8%
- Monthly Positive Cash Flow: $206
18% under recent sales comps, 10% under tax appraisal
1802 Wallin Loop, Round Rock, TX 78664
12% under recent sales comps, 9% under tax appraisal
- Newer construction in heart of Old Round Rock. New schools nearby
- School District: Leander ISD
- Asking Price: $120,000, 1555 sq ft, 3/2/1, built in 1999
- Lease: $1100/month, Cap Rate: 8%
- Monthly Positive Cash Flow: $165
12% under recent sales comps, 9% under tax appraisal
1105 Mason Bend Dr, Pflugerville, TX 78660
25% under recent sales comps, 24% under tax appraisal
- Quiet community close to tech employers, shopping and toll roads
- School District: Pflugerville ISD
- Asking Price: $159,900, 4088 sq ft. 5/3, built in 2001
- Lease: $1500/month, Cap Rate: 8%
- Monthly Positive Cash Flow: $260
25% under recent sales comps, 24% under tax appraisal
2109 Spring Hollow Path, Round Rock, TX 78681
17% under recent sales comps, 21% under tax appraisal
- Established neighborhood near Round Rock Medical Center, 620 and toll ways. Easy access to north tech employers.
- School District: Round Rock ISD
- Asking Price: $182,900, 2633 sq ft. 4/2/1, built in 1993
- Lease: $1750/month, Cap Rate: 8%
- Monthly Positive Cash Flow: $307
17% under recent sales comps, 21% under tax appraisal
710 Paden Dr, Cedar Park, TX 78613
10% under recent sales comps, 10% under tax appraisal
- Award winning Leander-Cedar Park schools, close proximity to outlet malls, toll ways and parks.
- School District: Round Rock ISD
- Asking Price: $324,900, 5542 sq ft. 5/3/1, built in 2006
- Lease: $3000/month, Cap Rate: 8%
- Monthly Positive Cash Flow: $506
10% under recent sales comps, 10% under tax appraisal
- ROI formula: ((Value in 5 yrs+ 5 yr net cash flow) - Purchase Price) / Purchase Price
- Cash flow is assuming 30% monthly expenses
