Managing real estate assets as carefully as you manage interest rate risks

Managing real estate assets as carefully as you manage interest rate risks

August 13, 2006

The New York Mortgage Company introduces Homeowner Protection ARMMortgagePress.comAdjustable-rate mortgages, The New York Mortgage Company
The New York Mortgage Company has introduced an adjustable-rate
mortgage (ARM) loan that limits borrowers' interest rate risk while
still allowing them to enjoy the benefits of falling rates - the
Homeowner Protection ARM.
The Homeowner Protection ARM is a 30-year loan that starts at
6.5 percent for three months and has a 6.99 percent cap for the
first 10 years, with a floor of four percent. The rate, pegged to
LIBOR, is adjusted monthly and has a margin of 1.5 percent over
LIBOR.
New York-based The New York Mortgage Company is a mortgage bank
and subsidiary of real estate investment trust New York Mortgage
Trust Inc. For more information, call (866) 563-6962 or visit www.nymc.com.

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