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"


Most
least
trusted
banks
in America.




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.

Private Banking

Overview of Private Bank Custom Jumbo Mortgages

Our client-focused approach offers the flexibility to develop the right solution for each borrowing need.

  • Minimum loan amount of $500,000 – no maximum
  • Fixed or Adjustable rate options available based on LIBOR and Treasury indices
  • Terms up to 15 years with amortization schedules of up to 30 years
  • Up to 100% financing through the pledge of additional collateral – avoid liquidating assets for a down payment
  • Various payment options to match current cash flow, including interest-only and quarterly payments, as well as balloon payments to coincide with a future liquidity event.

Product Features Custom Program
   
Availability All 50 States and DC
6 month LIBOR
Adjustable rate mortgages 1/1, 3/1, 5/1 Treasury
Any term up to 15 years
Fixed rate mortgages Any term up to 15 years
Fixed: Any time period-max 5 years
Interest only option ARM: 3 or 5 year option
Minimum/maximum loan amounts $500,000 and up
Amortization Any amortization up to 30 years
(not bound by loan term)
Balloon option  Yes
Quarterly Payments Yes
Uneven Payments Yes
100% financing Yes – requires pledge of other collateral
Bridge loans Yes
Prepayment penalty options No
Application fee None
Late payment fees No
Asset owned by Private Bank Yes
Individuals
Trusts
Borrowing Entities Certain partnerships, corporations or companies when such have been created for the purpose of holding residential property for protecting borrower’s privacy or estate planning.
Private Mortgage Insurance (PMI) No
Escrows (Impounds) No
Construction financing Yes
Second and third residences Yes