Managing real estate assets as carefully as you manage interest rate risks – NMP Skip to main content

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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