LOAN RATES
WEEK OF: AUGUST 26, 2008
| TYPE OF PROPERTY |
TERM & LOAN TYPE |
DISCOUNT |
AMORTIZATION |
RATE
|
POINTS |
APR |
MONTHLY PAYMENTS PER $1000 BORROWED
|
| ARM LOANS Loan Amounts up to $1,100,000. (Owner Occupied) |
|
|
|
|
|
|
|
| 1 to 4 FAMILY |
3 YR/1YR- ARM |
|
30 YEARS |
5.500 |
0 |
5.130 |
36 @$5.68 324 @$5.39
|
|
1 to 4 FAMILY FIRST TIME HOME BUYER
|
3 YR/1YR-ARM |
|
30 YEARS |
5.375 |
0 |
5.099 |
36 @ $5.60 324 @ $5.38
|
| 1 to 4 FAMILY |
5 YR/1YR-ARM |
|
30 YEARS |
5.750 |
0 |
5.294 |
60 @ $5.84 300 @ $5.42
|
1 to 4 FAMILY
FIRST TIME HOME BUYER |
5 YR/1 YR- ARM |
|
30 YEARS |
5.625 |
0 |
5.246 |
60 @ $5.76 300 @ $5.41
|
| 1 to 4 FAMILY |
7 YR/1YR ARM |
|
30 YEARS |
6.000 |
0 |
5.511 |
84 @ $5.96 276 @ $5.47
|
1 to 4 FAMILY
FIRST TIME HOME BUYER |
7 YR/1YR ARM |
|
30 YEARS |
5.875 |
0 |
5.447 |
84 @ $5.92 276 @ $5.46
|
|
FIXED RATE LOANS Loan Amounts up to $1,100,000. (Owner Occupied)
|
|
|
|
|
|
|
|
| 1 to 4 FAMILY |
15 YEAR - FIXED |
|
15 YEARS |
6.125 |
0 |
6.141 |
$8.51 |
| 1 to 4 FAMILY |
30 YEAR - FIXED |
|
30 YEARS |
6.625 |
0 |
6.635 |
$6.40 |
| |
|
|
|
|
|
| 1 to 4 FAMILY FIRST TIME HOME BUYER |
30 YEAR - FIXED |
|
30 YEARS |
6.500 |
0 |
6.510 |
$6.32 |
| |
|
|
|
|
|
| 1 to 4 FAMILY NON-OWNER OCCUPIED-SPEC |
5 YEAR - FIXED |
|
20 YEARS |
BY AGREEMENT |
1.00 |
|
|
| |
|
|
|
|
|
|
|
| MULTI-FAMILY |
5 YEAR - FIXED |
|
20 YEARS |
BY AGREEMENT |
1.00 |
|
|
| |
|
|
|
|
|
|
|
| COMMERCIAL |
5 YEAR - FIXED |
|
20 YEARS |
BY AGREEMENT |
1.00 |
|
|
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| CONSTRUCTION |
2 YEAR |
|
INTEREST ONLY |
BY AGREEMENT |
1.00 |
|
|
| |
|
|
|
|
|
|
|
| LAND LOAN |
3 YEAR |
|
INTEREST ONLY |
BY AGREEMENT |
1.00 |
|
|
| |
|
| Passbook Savings Collateral Loan |
1% above the current rate of the Passbook Savings |
| Certificate of Deposit Collateral Loan |
2% above the current term rate of the Certificate of Deposit |
| ADJUSTABLE RATE MORTGAGE |
| INDEX: |
AS OF 7/08 1 YR 2.28% MONTHLY AVERAGE YIELD ON U.S. TREASURY SECURITIES ADJUSTED TO A CONSTANT MATURITY 1 YR |
| CAPS: |
2% (+) (-) FROM PREVIOUS ADJUSTMENT DATE
6% (+) (-) DURING TERM OF NOTE |
| MARGIN |
2.75 BASIS POINTS |
| IMPORTANT NOTES |
"APR" CALCULATION ASSUMES $100,000 LOAN AMOUNT.
TITLE INSURANCE REQUIRED ON LOANS GREATER THAN $750,000.00.
LOAN AMOUNTS GREATER THAN $1,000,000., BY AGREEMENT ONLY.
ADJUSTABLE RATE MAY INCREASE DURING LIFE OF LOAN.
|
| FIRST TIME HOME BUYER PROGRAM |
1 to 4 FAMILY OWNER OCCUPIED
DOWNPAYMENT: 10%
RATIOS: PI = 35% DI = 40% |
| FOR FURTHER INFORMATION |
| PLEASE CALL 781-444-2100 |
To help the government fight the funding of terrorism and money laundering activities, Federal Law requires us to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask your name, address, date of birth, and other information that will allow us to identify you. We will ask to see your driver's license or other identifying document.
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INTEREST RATES ARE SUBJECT TO CHANGE AT THE DISCRETION OF THE BANK.
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