Home Mortgage Rates

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A. RESIDENTIAL FIRST MORTGAGE LOANS*
(Effective: Tuesday, June 15, 2010)
Program
 Term
Interest Rate
Points
APR
Monthly Payments
per $1000 borrowed
30 Year Fixed Rate Mortgage (up to $417,000)
(*No Points no closing costs good for loan amounts greater than $150,000. PLEASE CALL THE BANK FOR THE MOST CURRENT RATES 978-458-4598 )
4.500%
24.683%
$5.07

4.625%
14.722%
$5.14

4.875%
04.886%
$5.29

5.125%
No Points
No Closing Costs
5.126%
$5.44
20 Year Fixed rate Mortgage (up to $417,000)
(*No points no closing costs good for loan amounts greater than $150,000. PLEASE CALL THE BANK FOR THE MOST CURRENT RATES 978-458-4598)
4.375%
24.625%
$6.26

4.500%
14.632%
$6.33

4.625%
04.639%
$6.39

4.875%
No Points
No Closing Costs
4.876%
$6.53
15 Year Fixed Rate Mortgage (up to $417,000)
(*No Points no closing costs good for loan amounts greater than $150,000. PLEASE CALL THE BANK FOR THE MOST CURRENT RATES 978-458-4598 )
4.000%
24.315%
$7.40

4.125%
14.291%
$7.46

4.250%
04.268%
$7.52

4.500%
No Points
No Closing Costs
4.501%
$7.65
10 Year Fixed Rate Mortgage (up to $417,000)
(*No Points no closing costs good for loan amounts greater than $150,000. PLEASE CALL THE BANK FOR THE MOST CURRENT RATES 978-458-4598 )
3.750%
24.200%
$10.01

3.875%
14.112%
$10.07

4.125%
04.151%
$10.18

4.500%
No Points
No Closing Costs
4.502%
$10.36
Seven/One 30 Year ARM
(Rate is for loans up to $417,000. )
 		30 years
3.500%
23.673%
$4.49
30 years
3.750%
13.710%
$4.63
30 years
4.125%
03.807%
$4.85
Five/One 30 Year ARM
(Rate is for loans up to $417,000. )
 		30 years
3.000%
23.493%
$4.22
30 years
3.375%
13.546%
$4.42
30 years
3.750%
03.599%
$4.63
First Time Home Buyer Ten/One 35 Year ARM
(Rate is for loans up to $500,000. Closing cost credit of up to $750.00 at closing. Please call for more details.)
 		35 years
4.990%
04.206%
$5.04
PMI Buster - Combo
(Eliminate PMI with a 10% down Payment that can be combined with this Fixed Rate Second Mortgage. Home Equity Line of Credit also available-Call for Rate Terms. Available for purchase & refinance transactions up to 90% Combined loan to value.)
 		20 years
6.990%
06.992%
$7.75
*Annual Percentage Rate (APR)on all loans are based on a loan amount of $417,000 and 30-days pre-paid interest. Single Family home. On 5/1 and 7/1 ARM's: Caps:5% First Adjustment,2% Annual; 5% Lifetime; Current Libor Index: 1.210%, Rate is based on the 1 Yr. Libor Index plus a margin of 2.25%. On 10/1 Arm FTHB: Caps; 2% Annual, 5% Life; Current Index .33, Rate is based on the constant maturity of the one year US Treasury Securities, plus a margin of 2.75%. RATES SUBJECT TO CHANGE, OTHER TERMS AND RATES AVAILABLE. PLEASE CALL THE MORTGAGE DEPARTMENT AT 978-458-4598.


B. HOME EQUITY LINE OF CREDIT*
(Effective: Tuesday, June 15, 2010)
Program
 APR
Home Equity Line of Credit
(Available on 1-4 Family Owner Occupied or Secondary Residences in Bank's primary lending area. Minimum line amount is $25,000.00. Prime plus .25%, with a floor of 3.95%.)
 		3.950%
*Rate is subject to change. Total loan-to-value ratio not to exceed 80%. Annual Percentage Rate (APR) is based on Wall Street Journal and will not exceed 18%. Property insurance required. Not available for homes currently for sale or intended to be sold within six months of closing. Value based on most recent tax assessment. Your actual APR may be higher based on a review of your credit application. Other restrictions may apply. Early termination fee applies. PLEASE CALL THE BANK FOR THE MOST CURRENT RATE 978-458-4598


C. HOME EQUITY LOAN (FIXED 2ND MORTGAGE)*
(Effective: Tuesday, June 15, 2010)
Program
 Interest Rate
Points
APR
Monthly Payments
per $1000 borrowed
Maximum
LTV
20 Year Fixed Rate Loan
 		6.750%
06.752%
$7.60
80%
*Rate is subject to change. Total loan-to-value ratio not to exceed 80%. Rate reflects automatic payment from a LCB checking account; otherwise add .25%. Annual Percentage Rate (APR) is based on a loan amount of $150,000 and 30 days of prepaid interest. PLEASE CALL THE BANK FOR THE MOST CURRENT RATE 978-458-4598


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15 Hurd Street Lowell, Ma 01852 | Main Phone: 978-458-4598

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