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MORTGAGES
MINIMUM DOWN PAYMENT 15% |
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FIXED RATE MORTGAGES
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TERM
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RATE
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APR*
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SAMPLE PAYMENT*
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10 yr or less |
3.99% |
3.992% |
$1,011.98 |
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11 -15 yrs |
4.25% |
4.251% |
$752.28 |
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16 - 20 yrs |
4.50% |
4.501% |
$632.65 |
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21 - 25 yrs |
4.99% |
4.991% |
$584.01 |
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* Sample payments based on $100,000 and the
longest term available and does not include amounts for taxes and
insurances. Escrowing for property taxes, homeowner's insurance and flood
insurance is required and will increase the amount of your payment.
*The APR (Annual Percentage Rate) in this
example reflects all pre-paid cost with no points and 29 odd-days interest.
The APR may increase after consumption.
The borrower pays all cost associated with a
new mortgage transaction.
Private Mortgage Insurance is available. |
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ADJUSTABLE RATE MORTGAGE
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TERM
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RATE |
APR* |
SAMPLE PAYMENT*
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1 Year ARM |
10-30 yrs |
3.75% |
3.751% |
$463.12 |
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5 Year Fixed 1 Year ARM |
10-30 yrs |
3.99% |
3.991% |
$476.84 |
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10 Year Fixed 1 Year ARM |
10-30 yrs |
4.49% |
4.491% |
$506.10 |
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An Adjustable Rate Mortgage (ARM) means the
initial interest rate is fixed for an introductory period before adjusting
annually. The rates for our 1 Year ARM, 5/1 ARM and 10/1 ARM are fixed for 1
year, 5 years and 10 years respectively then adjust annually and may
increase based on a market index but can't go above the predetermined
adjustment cap. Payments will be determined based on an index and a margin.
A currently used index is .15% and margin is 2.75%.
* Sample payments based on $100,000 and the longest term available and does
not included amounts for taxes and insurances. Escrowing for property taxes,
homeowner's insurance and flood insurance is required and will increase the
amount of your payment.
* The APR (Annual Percentage Rate) in this example reflects all pre-paid
costs with no points and 29 odd-days interest. The APR may increase after
consumption. The borrower pays all costs associated with a new mortgage
transaction.
Private Mortgage Insurance is available. |
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JUNIOR LIENS
85% LTV
including first mortgage |
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TERM
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RATE
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APR* |
SAMPLE PAYMENT* |
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5 yrs |
4.99% |
5.052% |
$94.33 |
Based on $5,000 |
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6-10 yrs |
5.59% |
5.607% |
$108.97 |
Based on $10,000 |
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11-15 yrs |
5.99% |
6.002% |
$84.33 |
Based on $10,000 |
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* Sample payments for 5 yr term based on
$5,000 and the longest term available. Sample payments for 6-15 yr term
based on $10,000 and the longest term available.
* The APR (Annual Percentage Rate) in this example reflects all pre-paid
costs with no points and no odd-days interest. The APR may increase after
consumption. The borrower pays all costs associated with a new mortgage
transaction.
Appraisal and abstract update required for loans $10,000 and over. |
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HOME EQUITY LINE OF CREDIT
10 Year Draw/10 Year
Payback
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$7,500 - $19,999
Customer pays all costs
$20,000 and up
No Closing Costs as long as line remains open for 36 months. Ask about
specifics on No Closing Costs.
Rate is adjustable and subject to change monthly. Rate based on Wall Street
Journal Prime Rate which is
currently 3.25% plus a 1% margin. Currently rate is 4.25%.
Rate cannot increase more than 8% above the initial rate and will never be
less than the initial rate.
Primary and Second Home
No Closing Costs on Primary Home only
During the draw period, payment will be 1/240th of principal balance or a
minimum of $100 plus interest
During the payback period, payment will be 1/120th of principal balance or a
minimum of $100 plus interest
Sample payment: On a loan in draw period with a balance of $100,000 at the
current rate of 4.25% the monthly
payment would be $777.51.
Sample payment: On a loan in payback period with a balance of $100,000 at
the current rate of 4.25% the monthly
payment would be $1,194.17.
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