Friday, January 27, 2012
Get a great interest rate on this great bargain home just around the corner from Hidden Lake in beautiful Tracy, California. Recently reduced to just #259,000.
for more information contact David Ormonde at 209 832-0679 or Matt Rainer at 209 275-0526
Thursday, January 26, 2012
Almost 2700 Sqaure Feet of Living Space near Hidden Lake in Tracy, California all for a reduced price of just $259,000
For more information contact David Ormonde at david@GoTracy.com www.DavidOrmonde.com 209 832-0679
800 788-2973 800 993-1145
Friday, January 20, 2012
Get the lowest interest rate on this Country Estate.
Getting the Lowest Interest Rate on this Featured Home
THE lowest interest rates in decades sound enticing enough, but they are often out of borrowers’ reach.
Mortgage lenders adjust their rates based on perceptions of risk, so unless you can show you’re a low-risk borrower, you are unlikely to qualify for a rate that matches those seen in all the advertisements or headlines.
The rates quoted by Freddie Mac and others are averages drawn from a variety of financial institutions, and lenders use varied approaches to set them. These rates are not necessarily available to al borrowers. Consumers who want to try for the lowest rates available need to consider these basic factors.
CREDIT SCORE The ideal borrower has a FICO score of 740 or higher and that will put you in the best possible place for the best possible interest rate. Currently, borrowers with scores 760 to 850 (perfect score) could qualify for rates as low as 3.95%. That rate can change considerably depending on credit, loan amount, and other loan considerations.
POINTS The lowest rates usually are decreased by paying a fee called a point, or 1 percent of the loan amount. Rates can also be bought down, so ask before you sign on the dotted line and find out what it will take to get the best possible rate. A lot will depend on your financial situation and how long you plan to live in your home.
PROPERTY TYPES If you’re buying a duplex or a four-unit building, your rate will almost certainly be higher. Condominiums may also have a rate premium, especially if they are newer or your down payment is below 25 percent. Lenders charge more if you are not planning to live in the home. Commercial properties like apartment buildings have the highest rates, as they are usually considered riskier.
DOWN PAYMENT Putting as large a down payment as possible will also help get you the most favorable terms on your new home loan. If you can put 25% down payment you are most likely to get the most attractive rates out there. Generally, the more equity you have in the home the more favorable the terms.
LOAN LENGTH A lot depends on how long you plan to live in a home. If you’re likely to move in a few years, an adjustable-rate loan with a low interest rate fixed for, say, three to five years, and adjusted afterward, might work best. Also, rates on 15-year fixed-rate loans are lower than those on the 30-year — 0.77 percentage points, on average, last year, according to Freddie Mac. Some borrowers may not need to have a long term loan because they do not plan to be in the area for 30 years. And, borrowers may also be able to reduce their mortgage rate when they enter into a “lock-in” agreement with a lender. Lenders typically offer a lower rate for a shorter lock period because their risk to rising costs is more limited.
Lenders typically agree not to change an offered interest rate for 60 days, but borrowers confident of a quick closing may be willing to accept a 45-day rate guarantee, or even a 30-day lock, in exchange for a small discount, because the transaction’s speed helps the lender reduce its risk.
For more information about this property or how to get the lowest interest rate for you, contact David Ormonde david@GoTracy.com or mariner@ascenthomeloans.com
Tuesday, January 17, 2012
Just Reduced to $269,000
Please contact David Ormonde for more information at 209 832 0679 david@gotracy.com
Monday, January 9, 2012
Price Reduction on Large Rambling Country Home on almost 2 Acres of Land with 3800 Square Feet of Living Space and 4 Car Garage near Mountain House, California Price Reduced to just $495,000 for quick sale.
For more information contact David Ormonde at 209 832-0679 800 788-2973 david@GoTracy.com
Saturday, January 7, 2012
Price Reduced for Quick Sale on over 2600 Square Feet of Living Space near the Lake in Tracy, California
Now only $259,000 (Subject to Short Sale)
For more information contact David Ormonde 209 832-0679 800 788-2973 david@gotracy.com
Tuesday, January 3, 2012
3800 square feet of living space with 4 Car Garage on 2 Acres of Land just minutes from Livermore all for $519,000. Contact David Ormonde david@GoTracy.com 800 788-2973 209 832-0679
For more information contact David Ormonde at david@GoTracy.com 800 788-2973 209 832-0679
Friday, December 30, 2011
Incredible buy for $399,ooo
Look!!!!! Almost 3800 Square Feet in one story home in Elissagarry Ranch located in beautiful South of Tracy, California.
Contact David Ormonde 209 832-0679 800 788-2973 david@GoTracy.com www.DavidOrmonde.com
Wednesday, December 28, 2011
Look at the price on this Sprawling 2 Acres Estate with 3800 Square Feet and 4 Car Garage located just outside of Mountain House, California. $519,000 Call David Ormonde 209 832 0679
Contact David Ormonde 800 788-2973 david@GoTracy.com www.DavidOrmonde.com
Monday, December 26, 2011
Best value buy in Tracy, CA
771 Tulare at $265,000 Possible 5+ Bedrooms with Huge Master Suite and Bedroom and Bath Downstairs all with 3 Full Baths and close to the lake. Call now 209 832-0679 800 788-2973 david@GoTracy.com www.DavidOrmonde.com