This document provides information on various residential mortgage financing options from Morgan Stanley Private Bank, including fixed-rate, adjustable-rate, and interest-only loans. Fixed-rate loans have terms of 15, 30 years and interest rates from 3.61-3.99%. Adjustable rate mortgages have terms of 3/1, 5/1, 7/1, 10/1 years and initial interest rates from 3.18-3.75%. Interest-only loans allow borrowers to make interest-only payments for an introductory period before switching to higher principal and interest payments for the remaining loan term.

1. Residential
Mortgage Financing
PRODUCT PRODUCT
NUMBER OF
PAYMENTS
Adjustable Interest Rate /Annual Percentage Rate (APR)
2
Fixed Rate Loan Based on Loan Amount of $700,000
1–Month LIBOR
Interest Only
2.00% / 2.04%
15-Year Fixed
Rate
3.61% / 3.69% 180
3/1-Year Arm 3.35% / 3.41% 3.54% / 3.47%
5/1-Year Arm 3.18% / 3.35% 3.40% / 3.45%
7/1-Year Arm 3.43% / 3.44% 3.64% / 3.55%
10/1-Year Arm 3.75% / 3.65% 4.04% / 3.82%
PLEASE SEE BELOW FOR IMPORTANT DISCLOSURES
Private Bankers are employees of Morgan Stanley Private Bank, National Association.
Indicative Rates1
for Morgan Stanley Private Bank, National Association Mortgage Products as of:
Thursday, March 24, 2016
PRINCIPAL &
INTEREST
NON-CONFORMING
INTEREST ONLY
INTEREST
RATE/APR
MONTHLY PAYMENT
(PRINICPAL & INTEREST)
3/1, 5/1, 7/1, 10/1 ARMs are based on the 1-Year London Interbank Offered Rate (“LIBOR”) with various loan term options. 1-Month interest-only ARM is based on 1-Month LIBOR,
and is not available in Maine.
$5,042.08
30-Year Fixed
Rate
3.99% / 4.03% 360 $3,337.87
Monthly payment does not include amounts for taxes and insurance. The actual payment obligation will be
greater. Not all products and terms are shown. Pricing may be adjusted based on loan characteristics.
The APR, interest rate, and monthly payments may increase after the
introductory interest rate period.
1. The interest rates listed above are typically available for loans with a 70% loan-to-value ratio where the applicant has an excellent credit history and satisfies other eligibility
requirements of Morgan Stanley Private Bank, National Association. An applicant’s eligibility for a residential mortgage loan and the offered rate may be affected by the type of
mortgage loan requested, the applicant’s income, financial resources, and creditworthiness, the collateral value, and other factors. As a result, any financing that is offered may be at
a different rate and with different corresponding monthly payments than shown in the tables.
2. The annual percentage rate (“APR”) calculations on first-lien mortgage loan products in the tables are based on typical prepaid finance charges — actual charges may vary based
on the terms of the loan and geographical area.
Residential mortgage loans are offered by Morgan Stanley Private Bank, National Association, an affiliate of Morgan Stanley Smith Barney LLC. With the exception of the pledged-
asset feature, an investment relationship with Morgan Stanley Smith Barney LLC does not have to be established or maintained to obtain the residential mortgage products offered
by Morgan Stanley Private Bank, National Association. All residential mortgage loans are subject to the underwriting standards and independent approval of Morgan Stanley Private
Bank, National Association. Rates, terms, and programs are subject to change without notice. Residential mortgage loans may not be available in all states; not available in Guam,
Puerto Rico and the U.S. Virgin Islands. Other restrictions may apply. This document should not be construed as a commitment to lend. Morgan Stanley Private Bank, National
Association is an Equal Housing Lender and Member FDIC that is primarily regulated by the Office of the Comptroller of the Currency. Nationwide Mortgage Licensing System Unique
Identifier #663185. The proceeds from a residential mortgage loan (including draws and advances from a home equity line of credit) are not permitted to be used to purchase, trade
or carry eligible margin stock; repay margin debt that was used to purchase, trade or carry margin stock; or to make payments on any amounts owed under the note, loan
agreement, or loan security agreement; and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
Interest-only loans enable borrowers to make monthly payments of only the accrued monthly interest on the loan during the introductory interest-only period. Once that period
ends, borrowers must make monthly payments of principal and interest for the remaining loan term, and payments will be substantially higher than the interest-only payments.
During the interest-only period, the total interest that the borrower will be obligated to pay will vary based on the amount of principal paid down, if any. If a borrower makes just
interest-only payment, and no payment of principal, the total interest payable by the borrower during the interest-only period will be greater than the total interest that a borrower
would be obligated to pay on a traditional loan of the same interest rate having principal-and-interest payments. In making comparisons between an interest-only loan and a
traditional loan, borrowers should carefully review the terms and conditions of the various loan products available and weigh the relative merits of each type of loan product
appropriately.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is a registered Broker/Dealer, and not a bank. Where appropriate, Morgan Stanley
has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment services are offered through Morgan Stanley.
Unless specifically disclosed in writing, investment, insurance and annuity products offered through Morgan Stanley are not insured by
the FDIC, are not deposits or other obligations of, or guaranteed by, a bank and involve investment risks, including possible loss of
principal amount invested.
© 2015 Morgan Stanley Private Bank, National Association. CRC1183941 05/15