3 MONTH LIBOR ARM

 

 

PURCHASES

 

$300k-$417k:                 1.875% w/ .25 point (2.157% APR)

                                                 Monthly payment $3.63/ thousand

                                     Margin: 1.625% Index: 3 month LIBOR

 

Jumbo (to $1 mil):           2.125% w/ .25 point (2.404% APR)

                                     Monthly payment $3.76/ thousand

                                     Margin: 1.875% Index: 3 month LIBOR

 

 

REFINANCES

 

$300k-$417k:                  1.875% w/ .50 point (2.176% APR)

                                      Monthly payment $3.63/ thousand

                                      Margin: 1.625% Index: 3 month LIBOR

 

Jumbo (to $1 mil):            2.125% w/ .50 point (2.429% APR)

                                      Monthly payment $3.76/ thousand

                                      Margin: 1.875% Index: 3 month LIBOR

 

6 MONTH LIBOR ARM

 

PURCHASES

 

$300k-417k:                    2.125% w/ .25 point (2.403% APR)

                                      Monthly payment $3.76/ thousand

                                      Margin: 1.625% Index: 6 month LIBOR

 

Jumbo (to $1 mil):            2.375% w/ .25 point (2.649% APR)

                                      Monthly payment $3.89/ thousand

                                      Margin: 1.875% Index: 6 month LIBOR

 

REFINANCES

 

$300k-$417k:                  2.125% w/ .50 point (2.422% APR)

                                      Monthly payment $3.76/ thousand

                                      Margin: 1.625% Index: 6 month LIBOR

 

Jumbo (to $1 mil):            2.375% w/ .50 point (2.669% APR)

                                      Monthly payment $3.89/ thousand

                                      Margin: 1.875% Index: 6 month LIBOR

 

….

 

Rates shown are for NYS properties

.25 point less outside on NYS

 

PROPERTY TYPE:  Owner occupied single family and condos

 

LIFETIME CAP:  6% over start rate

 

MAX FINANCING:

80% to $1,000,000

75% to $1,500,000 (add 1/8% to rate and margin)

70% to $2,000,000 (add 3/8% to rate and margin)

65% to $2,500,000 (add 3/4% to rate and margin)

60% to $3,000,000 (add 3/4% to rate and margin)

 

• Insider tips for winning the NYC real estate game in 2012 (brickunderground – Jan. 9, 2012)

• Mortgage Market Molasses (The Real Deal – Dec. 29, 2011)

• How to make or break your appraisal (BrickUndergroundNY – Oct. 25, 2011)

• “Fed struggles to impact U.S. economy” (BBC World News TV – Sept. 21, 2011)

• New York Exceptionalism (New York Magazine – Sept. 18, 2011)

• Combine and Conquer: Your Place and Mine (The New York Times – Sept. 9, 2011)

• Housing’s Next Leg Down (CNBC.com – August 4, 2011)

• Lenders In Search Of Qualified Borrowers! (Hamptons.com – Summer 2011)

• NY real estate pros fear interest spike in debt ceiling fight (The Real Deal – July 28, 2011)

• The Appeal of Adjustable Rates (The New York Times - July 14, 2011)

• A Guide for the Co-op Neophyte (The New York Times - May 26, 2011)

• Melissa Cohn quoted in "New Home Sales Build Up" (PBS - May 24, 2011)

• If U.S. loses triple-A, its citizens will pay (Reuters - April 19, 2011)

• Broker Fee Rules Take Effect (The New York Times - April 14, 2011)

• Getting a Mortgage Before the Door Shuts (The Wall Street Journal - February 25, 2011)

• Calculating the Annual Percentage Rate (The New York Times - February 10, 2011)

• Hey, big lender! (New York Post - January 13, 2011)