Effective as of:
Friday, May 09, 2008
Toll Free anywhere in the US (877) 886-1020
Toll free in Maine (800) 325-7553
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Home Equity Lines of Credit
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| Home Equity Line Of Credit 85% LTV** |
4.490% |
4.490% |
See ** Below, Interest Only during draw period |
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The Draw Period is 5 Years. The Repayment Period is 20 Years. Normal Closing Costs are absorbed by bank. At end of the draw period, repayment is scheduled over 240 months. Effective as of 05/01/2008 Wall Street Journal Prime Rate is 5.000%. The APR* can not exceed 18%. All Home Equity Lines of Credit have a prepayment penalty of $375.00 if the loan is paid in full within 3 years. APR adjusts monthly based on an index plus or minus a margin. Flood and/or property insurance is required. |
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Fixed interest rates are available for the first 1 or 2 years followed by monthly adjustments. Please inquire about current rates. |
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APR = Annual Percentage Rate |
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LTV = Loan To Value |
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Home Equity Loans
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| Home Equity Loan - LTV* 85% |
6.875% |
6.875% |
120 Monthly payments of $11.54 per $1,000 borrowed |
| Home Equity Loan - LTV* 90% |
7.875% |
7.875% |
120 Monthly payments of $12.06 per $1,000 borrowed |
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Normal closing costs are absorbed by the bank. This is a fixed rate product. |
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LTV = Loan To Value |
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Mortgage Rates
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| Mortgage 15 Year Fixed |
5.625% |
5.706% |
180 Monthly payments of $8.24 per $1,000 borrowed |
| Mortgage 20 Year Fixed |
5.875% |
5.940% |
240 Monthly payments of $7.10 per $1,000 borrowed |
| Mortgage 30 Year Fixed |
6.000% |
6.048% |
360 Monthly Payments of $6.00 per $1,000 borrowed |
| Mortgage 40 Year Fixed |
6.500% |
6.042% |
480 Monthly payments of $5.86 per $1,000 borrowed |
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