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A DISTINGUISHED LAW FIRM WITH A RECOGNITION OF EXCELLENCE AND HISTORY OF SUCCESS
Disclaimer Notice: The information contained herein is considered advertising and informational in nature and should not be used in the place
of retaining counsel. Past results do not guarantee similar outcomes in future cases.

Copyright © 2010-12  Ginsberg & Wolf, P.C. All Rights Reserved

Our attorneys are rated among
the most prestigious in the
industry, earning coveted
awards and ratings such as
"Best Lawyers in America",
"Million Dollar Advocate",
"Superlawyers" &
"Top 100 Trial Lawyers"
GW




Adjustable-rate mortgage (ARM)
A mortgage where the interest rate varies based on a particular index, normally the prime lending rate.

Annual percentage rate (APR)
Rate of annual interest charged on a loan.

Appraisal
An opinion of value commonly derived using recent sales of comparable properties by a licensed
appraiser.

Balloon Mortgage
A  loan in which the monthly payments are not large enough to repay the loan by the end of the term and
thus, at the end of the term, the remaining balance comes due in a single large payment.

Biweekly Mortgage
A mortgage where you make "half payments" every two weeks, rather than one payment per month,
significantly reducing the time it takes to pay off a thirty year mortgage.

Bridge loan
An interim loan made to facilitate the purchase of a new home before the buyer's current residence sells
and its equity is available to fund the new purchase.

Cash-out refinance
Refinancing a mortgage at a higher amount than the current balance in order to transform a portion of the
equity into cash.

Closing
Process whereby the sale of a property is consummated with the buyer completing all applicable
documentation, including signing the mortgage obligation and paying all appropriate costs associated
with the sale (CLOSING COSTS).

Closing costs
All appropriate costs generated by the sale of property which the parties must pay to complete the
transaction. Costs may include appraisal fees, origination fees, title insurance, taxes and any points
negotiated in the deal.

Collateral
An asset which is placed at risk to secure the repayment of a loan.

Conventional mortgage
A traditional, real estate financing mechanism that is not backed by any government or other agency (FHA,
VA, etc.).

Convertible ARM
A mortgage that begins as an adjustable, that allows the borrower to convert the loan to a fixed rate within
a specific timeframe.

Equity
The difference between the fair market value of a property and that amount an owned on loans secured by
the property.

FHA mortgage
A mortgage that is insured by the Federal Housing Administration (FHA).

Fixed-rate mortgage (FRM)
A mortgage which has a fixed rate of interest over the life of the loan.

Home equity line of credit
A mortgage loan that allows the borrower to draw cash against the equity of a home.

Home equity loan
A loan secured by a second deed of trust on a house, typically used as a home improvement loan.

Interest-only loan option
Loan payments have two components, principal and interest. An interest-only loan has no principal
component for a specified period of time.

Loan to value ratio (LTV)
The comparison of the amount owed on a mortgaged property to its fair market value.

Lock period
The amount of time that a lender will guarantee a loan's interest rate.

Points
Charges levied by the mortgage lender and usually payable at closing. One point represents 1% of the
face value of the mortgage loan.

Pre-Approval
Process of applying for a mortgage and becoming approved for a certain amount at a certain interest rate
before a property has been chosen.

Pre-Qualification
Less formal that pre-approval, in which a written statement from a loan officer indicating his or her opinion
that the borrower will be able to become approved for a mortgage loan.

Private mortgage insurance (PMI)
A form of mortgage insurance provided by private, non-government entities. Normally required when the
LOAN TO VALUE RATIO is less that 20%.

Rate lock
A guarantee from a lender of a specific interest rate for a period of time.

Refinancing
The process of paying off one loan with the proceeds from a new loan using the same property as security.

Reverse mortgage
A reverse mortgage is a loan against the equity in the home that provides tax-free cash advances, but
requires no payments during the term of the loan.
Glossary of Mortgage Terms.
FIRM REAL ESTATE NEWS
Martin Wolf Represents Poker
Champion In Acquisition of a
$5 Million Trump Tower
Condominium.







Vadim Trincher, who's won
championships at Foxwoods and the
Bellagio,  closed on a three-bedroom,
three-bath, 3,073-square-foot unit on the
63rd floor. Martin Wolf represented him
and his wife as their real estate counsel.
The apartment is almost directly below
Donald Trump's  penthouse.

Read more:
NYPOST: Full House at Trump Tower

THE REAL DEAL: A look at poker player
Vadim Trincher's Trump Tower home

POKER NEWS DAILY: Vadim Trincher
Wins WPT Foxwoods Poker
Classic
___________________

G&W REAL ESTATE NEWS

Martin Wolf Represents Buyer in the Purchase of a $2.56 Million Condominium at the Avery in
Lincoln Square





At the time of the closing the Unit was the 6th most expensive apartment sold in the Avery which is located at 100
Riverside Boulevard in Manhattan on Riverside Park. The condominium has 3 beds , 3 baths and is 1,463 ft², with
Hudson River views. The Avery was constructed by Extell Development.

Read more:
STREETEASY: Avery at 100 Riverside Boulevard in Lincoln Square

___________________

Martin Wolf Represents Investor in Acquisition of Historic Low-Rise Building at
252 West 73rd Street






Read more:
New York Times: A Wild, Wild Row on the West Side; By: Christopher Gray
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G&W's main office is strategically located in downtown Manhattan, our firm practices real estate law throughout New York and New Jersey . Our lawyers represent buyers, sellers,
investors, businesses, corporations, developers, and banks throughout New York City, Westchester, Central New Jersey, and both the Nassau and Suffolk counties of Long Island.  We serve
clients, in Queens, Brooklyn, the Bronx, Manhattan, Staten Island, Albertson, Atlantic Beach, Baldwin, Bayville, Bellmore, Bethpage, Carle Place, Cedarhurst, East Meadow, East Norwich,
East Rockaway, Elmont, Farmingdale, Floral Park, Franklin Square, Freeport, Garden City, Glen Cove, Glen Head, Glenwood, Great Neck, Greenvale, Hempstead, Hewlett Hicksville,
Huntington, Inwood Island, Park Jericho, Lawrence, Levittown, Locust Valley, Long Beach, Lynbrook, Malverne,, Manhasset, Massapequa, Massapequa, Park Mellville, Merrick, Mill Neck,
Mineola, New Hyde Park, Oceanside, Old Bethpage, Old Westbury, Oyster Bay, Plainview, Point Lookout, Port Washington, Riverhead, Rockville Centre, Roosevelt, Roslyn, Roslyn Heights,
Sea Cliff, Seaford, Syosset, Uniondale, Valley Stream, Wantagh, West Hempstead, Westbury, Williston Park, Woodbury, Woodmere. In Suffolk County, we accept real estate matters
involving transactions in Babylon, Bay Shore, Brookhaven, Dix Hills, East Hampton, Lindenhurst and Smithtown. With a satellite office located in Bensonhurst Brooklyn, we specialize in
real estate matters in Kings County and welcome clients from Bath Beach, Bay Ridge, Bensonhurst, Borough Park, Dyker Heights, Greenwood Heights, Fort Hamilton, New Utrecht, Bergen
Beach, Flatlands, Georgetown, Marine Park, Mill Basin, Brighton Beach (also known as "Little Odessa"),Chinatown, Coney Island, Ditmas Park, Gerritsen Beach, Gravesend, Homecrest,
Kensington, Madison, Manhattan Beach, Mapleton, Grays Farm, Midwood, Plum Beach, Sea Gate, Sheepshead Bay, White Sands,Bushwick, Greenpoint, Williamsburg,
Bedford-Stuyvesant, Boerum Hill, Carroll Gardens, Cobble Hill, Brooklyn Heights, Brownsville, City Line, Clinton Hill, Crown Heights, Cypress Hills, Downtown Brooklyn, DUMBO, East New
York, Fort Greene, Gowanus, Greenwood Heights, Highland Park, New Lots, Ocean Hill, Park Slope, Prospect Heights, RAMBO, Spring Creek, Starrett City, Stuyvesant Height, Sunset Park,
Vinegar Hill, Weeksville, Windsor Terrace, Wingate.

In New Jersey, we represent clients in the counties of Bergen, Hudson, Hunterdon, Mercer, Middlesex, Monmouth, Ocean, Plainfield, Somerset and Union County.  This includes the cities
and townships of Carteret Boro, Cranbury Twp, Dunellen Boro, East Brunswick Twp, Edison Twp, Helmetta Boro, Highland Park Boro, Jamesburg Boro, Metuchen Boro, Middlesex Boro,
Milltown Boro, Monroe Twp, New Brunswick City, North Brunswick Twp, Old Bridge Twp,Perth Amboy City, Piscataway Twp, Plainsboro Twp, Sayreville Boro, South Amboy City,,South
Brunswick Twp, South Plainfield Boro, South River Boro, Spotswood Boro, Woodbridge Twp, Alexandria Twp, Bethlehem Twp, Bloomsbury Boro, Califon Boro, Clinton Town, Clinton Twp,
Delaware Twp, East Amwell Twp, Flemington Boro, Franklin Twp, Frenchtown Boro, Glen Gardner Boro, Hampton Boro, High Bridge Boro, Holland Twp, Kingwood Twp, Lambertville City,
Lebanon Boro, Lebanon Twp, Milford Boro, Raritan Twp, Readington Twp, Stockton Boro,Tewksbury Twp, Union Twp, West Amwell Twp,  Bayonne City, East Newark Boro, Guttenberg
Town, Harrison Town, Hoboken City, Jersey City, Kearny Town, North Bergen Twp, Secaucus, Union City, Weehawken Twp, West New York,   East Windsor Twp, Ewing Twp, Hamilton Twp,
Hightstown Boro, Hopewell Boro, Hopewell Twp, Lawrence Twp, Pennington, Princeton Boro, Princeton Twp, Trenton City, Washington Twp, West Windsor Twp, Berkeley Heights Twp,
Clark Twp, Cranford Twp, Elizabeth City, Fanwood Boro, Garwood Boro, Hillside Twp, Kenilworth Boro,Linden City, Mountainside Boro, New Providence Boro, Plainfield City, Rahway City,
Roselle Boro, Roselle Park Boro, Scotch Plains Twp, Springfield Twp, Summit City, Union Twp, Westfield Town, Winfield,  Belleville, Bloomfield, Caldwell, Cedar Grove. City Of Orange,
East Orange, Essex Fells, Fairfield, Glen Ridge, Irvington, Livingston, Maplewood, Millburn, Montclair, Newark City, North Caldwell, Nutley, Roseland, South Orange Village, Verona, West
Caldwell Twp, West Orange Twp,  Allendale Boro, Alpine Boro, Bergenfield Boro, Bogota, Carlstadt Boro, Cliffside Park, Closter, Cresskill, Demarest, Dumont, East Rutherford, Edgewater ,
Elmwood Park Boro, Emerson, Englewood City, Englewood Cliffs, Fair Lawn , Fairview, Fort Lee Boro, Franklin Lakes Boro, Garfield City, Glen Rock Boro, Hackensack City, Harrington Park,
Hasbrouck Heights Boro, Haworth Boro, Hillsdale Boro, Ho-Ho-Kus Boro, Leonia Boro, Little Ferry Boro, Lodi Boro, Lyndhurst Twp,Mahwah Twp, Maywood Boro, Midland Park, Montvale
Boro, Moonachie, New Milford North Arlington, Northvale Bor, Norwood, Oakland Boro, Old Tappan, Oradell Boro, Palisades Park, Paramus, Park Ridge,Ramsey Boro, Ridgefield Boro,
Ridgefield Park Village, Ridgewood Village, River Edge, River Vale Twp, Rochelle Park Twp, Rockleigh Boro, Rutherford Boro, Saddle Brook , Saddle River Boro, South Hackensack Twp,
Teaneck Twp, Tenafly Boro, Teterboro Boro, Upper Saddle River Boro, Waldwick Boro, Wallington Boro,Washington Twp, Westwood Boro, Wood-Ridge Boro, Woodcliff Lake Boro, Wyckoff,
 Barnegat, Barnegat Light Bay Head . Beach Haven, Beachwood Boro, Berkeley Twp, Brick,  Dover Twp, Eagleswood Twp, Harvey Cedars Boro, Island Heights Boro, Jackson Twp, Lacey
Twp, Lakehurst Boro, Lakewood Twp, Lavallette Boro, Little Egg Harbor, Long Beach Twp, Manchester Twp, Mantoloking Boro, Ocean Twp, Ocean Gate Boro, Pine Beach Boro, Plumsted
Twp, Point Pleasant Boro, Point Pleasant Beach Boro, Seaside Heights Boro, Seaside Park Boro, Ship Bottom Boro, South Toms River Boro, Stafford Twp, Surf City Boro,Tuckerton Boro.