About Me

Name: Melissa DeSantis
Education: B.A. – Rider University

I am originally from Ogden Utah. I moved to the East Coast in 1989 and to New Jersey in 1992. I live in Freehold, New Jersey with my husband Davin, my twins Nicholas and Gabriella and my dog Tahlulah.

Prior to joining Remax Central, I worked in NYC for the National Football League and then became a sales consultant for a medical supply company.

I am a top producing agent with Keller Williams West Monmouth and I am a 2008 Circle of Excellence Award recipient. I am Monmouth County’s Quick Sale Specialist for House Buyer Network and I have also appeared on TV’s INSIDE EDITION as a top real estate expert.

Real Estate is my passion and I thoroughly enjoy helping people make their dreams come true. I am not your “traditional” real estate agent – I use innovative marketing and programs to provide my clients with superior service. I work with each client on an individual basis designing a marketing plan based upon their specific needs. I believe my results and recommendations back up my work as a consultant.

In this challenging market, sellers and buyers need an educated, experienced agent they can trust. I can be reached at 732-757-2522 or via email at mdesantis@kw.com. The right agent does make a difference!

Here is a tip for those who are shopping for Adjustable Rate Mortgages (ARMs): the "margin" is almost as important as the initial rate. The margin is the percentage point above the average yields for Treasury notes on which future rate adjustments will be calculated.

Let's compare two hypothetical one-year ARMs. The first may have an initial interest rate of 7% with a 2.5 margin, while the second begins at 6 7/8% with a 2.75 margin. Both loans have rate caps of 2%. Suppose that at the end of the first year of the loan, the average of the one-year Treasury note yield has been 5 1/2%. For each loan, the lenders will add the margin to that 5 1/2% average yield. Thus the interest rate for first loan would increase from 7% to 8%, and the second would go from 6 7/8% to 8 1/4%. While the first ARM had a slightly higher initial rate, it will have lower rates in subsequent years, unless the Treasury note rates increase enough to activate the annual caps on the amount of the increase. There is a wide variance among margins in ARMs offered by competing lenders, and this should be a factor when you decide on your loan.

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Melissa DeSantis
RE/MAX CENTRAL
520 Route 9 North
Manalapan, NJ 07726
732-757-2522
Fax: 732-577-8375
melissadesantis@NUMBER1EXPERT.com

Call Melissa 732-757-2522 because the right Realtor does make a difference!

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