EFTA01745696

From: "Nelson, Justin D" To: "Jeffrey E." <jeevacation gmai .com> Subject: Mortgage idea Sent: Friday, January 15, 2016 8:33:08 PM imaae001.onq imacie002.Pncl imaae003.pnq Jeffrey — How was the meeting with Leon? Here's an idea for him and maybe others. Mortgage rates have dropped again and are nearing the lows. If Leon did a cash-out mortgage on one or more of his properties, he could take the proceeds and link them to a new investment — it could be anything, but preferable if it generates ordinary income. He could use the investment interest deduction and deduct the interest against the investment income. What do you think? See rates below. It's a great way to lock in long term and not worry about market fluctuations. If it's a co-op or non-NY state property, closing costs are minimal. Regards, Justin Please see below for J.P. Morgan's mortgage rates as of January 15, 2016. Rates reflect 0 points, a 60- day lock period and a 0.125% reduction with direct debit from a J.P. Morgan checking account. For purchases, see Purchase rate sheet For refinances in California, see California rate sheet APR means annual percentage rate. Note: rates are available for mortgages in excess of $IOMM. Please call for a rate quote. EFTA_R1_00038592 EFTA01745696 No commitment to lend by J.P. Morgan should be construed or implied. Program terms, conditions and interest rotes are subject to change without notice. Not oll products are available in all states for all loan amounts. Other restrictions and limitations may apply. •All loans $417,000 and under will include a one point (1%) fee. At J.P. Morgan, we personally service all of our mortgages. Instead of a call center or a broker who is unfamiliar with your financial picture, your dedicated J.P. Morgan team simplifies the mortgage process and is a single point of contact for all loan matters. JPMorgan Chase Bank, N.A. Member FDIC Justin D. Nelson - Managing Director J.P. Mor an Private Bank 100 West Putnam Avenue Greenwich CT 06830 organ ase an , . . an J.P. organ ecurs es This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at Imp: www,jpinorgan.com pages disclosures email EFTA_R1_00038593 EFTA01745697