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Hot Product

 

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)