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TESTIMONIALS

This card is to let you know we greatly value your help, honesty and friendliness. Finding someone you can trust is one thing, yet finding someone trustworthy and friendly – Wow, that’s Gold!!

Mark and Irina Bendit

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Special offers



INVESTMENT COOPS AND CONDOS UP TO 65% LTV

Type of Transaction

Purchase, Refinance (No cash out)

Occupancy

Investment, Second Home 

Type of Property

1 – 4 Family, Condo, Coop

Property State

NYC

Max LTV Investment
Max LTV 2nd Home

65% to $750,000  (Purchase and No cash out Refi)
75% to $750,000  (Purchase and No cash out Refi)
60% to $1,000,000
50% to $3,000,000

Maximum Loan Amount

See above

Type of Documentation

Full Income/Full Assets

Expected Interest Rate

High 4% to Mid 5%

Prepayment Penalty

1% in the first 12 months, waived in the event the property is sold

Minimum Credit Score

680

Self-Employed or W2

Both

Types of Loan Program available:
- 5/1 IO ARM – Interest only payments for the first 5 years. Rate is fixed for the first 5 years. After the initial five year period, the rate will adjust monthly to prime rate (interest only) as published in the Wall Street Journal or similar financial publication. This product will adjust monthly for the next 60 months where it will balloon on the 120th month. Expected Interest Rate is Mid to High 3%.

- 10 Year Fixed – Fixed rate fully amortizing. Expected Interest Rate is Mid 5%.

- Prime Monthly ARM  - Introductory rate of Prime minus 1% for the first 6 months interest only. After initial introductory rate, loan adjusts monthly thereafter, prime based interest only. Loan will balloon on the 120th month.

$350,000 CASH OUT ON 1 TO 4 FAMILY UP TO 65% LTV

Type of Transaction

Purchase, Refinance (Cash out and No cash out)

Occupancy

Primary

Type of Property

1 – 4 Family, Condo, Coop

Property State

NYC

Max LTV Investment
Max LTV 2nd Home

75% to $1,500,000 (Purchase and No cash out) 65% to $1,500,000 (Cash out Refi). Cash-Out on primary residence limited to $350,000

Maximum Loan Amount

See above

Type of Documentation

Full Income/Full Assets

Expected Interest Rate

High 4% to Mid 5%

Prepayment Penalty

1% in the first 12 months, waived in the event the property is sold

Minimum Credit Score

680

Self-Employed or W2

Both


Types of Loan Program available:
- 5/1 IO ARM – Interest only payments for the first 5 years. Rate is fixed for the first 5 years. After the initial five year period, the rate will adjust monthly to prime rate (interest only) as published in the Wall Street Journal or similar financial publication. This product will adjust monthly for the next 60 months where it will balloon on the 120th month. Expected Interest Rate is Mid to High 3%.

- 10 Year Fixed – Fixed rate fully amortizing. Expected Interest Rate is Mid 5%.

- Prime Monthly ARM  - Introductory rate of Prime minus 1% for the first 6 months interest only. After initial introductory rate, loan adjusts monthly thereafter, prime based interest only. Loan will balloon on the 120th month.


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NMLS #108318 • REGISTERED MORTGAGE BROKER • NY, NJ, PA, and FL BANKING DEPARTMENTS 
ALL LOANS ARRANGED THROUGH 3RD PARTY LENDERS
1430 Broadway, Suite 1207, New York, NY 10018