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

National Mortgage Professional
Aug 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.
Published
Aug 13, 2006
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