| Product Features |
Custom Program |
| |
|
| Availability |
All 50 States and DC
6 month LIBOR |
| Adjustable rate mortgages |
1/1, 3/1, 5/1 Treasury
Any term up to 15 years |
| Fixed rate mortgages |
Any term up to 15 years
Fixed: Any time period-max 5 years |
| Interest only option |
ARM: 3 or 5 year option |
| Minimum/maximum loan amounts |
$500,000 and up |
| Amortization |
Any amortization up to 30 years
(not bound by loan term) |
| Balloon option |
Yes |
| Quarterly Payments |
Yes |
| Uneven Payments |
Yes |
| 100% financing |
Yes – requires pledge of other collateral |
| Bridge loans |
Yes |
| Prepayment penalty options |
No |
| Application fee |
None |
| Late payment fees |
No |
| Asset owned by Private Bank |
Yes
Individuals
Trusts |
| Borrowing Entities |
Certain partnerships, corporations or companies when such have been created for the purpose of holding residential property for protecting borrower’s privacy or estate planning. |
| Private Mortgage Insurance (PMI) |
No |
| Escrows (Impounds) |
No |
| Construction financing |
Yes |
| Second and third residences |
Yes |
