7/1 adjustable rate mortgage3.50% / 3.32% APR** |
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From the #1 Mortgage Lender on Cape Ann!* Enjoy a competitive mortgage rate, locked in for seven years! Speak with one of our Retail lending team members today or apply online! Did you know that our Jumbo Mortgage products offer the same rate as our conventional mortgage products? Jumbo Mortgage, same great rate!
**APR denotes Annual Percentage Rate effective as of 5/18/2020 and is subject to change without notice. Annual Percentage Rate and initial payment based on 360 months with 20% down. Based on the current rate of 3.50%, the first 84 payments will be $4.49 per thousand borrowed. The rate will adjust every 12 months thereafter to a maximum of 1% per adjustment and 5% over the life of the loan. The rate will never go below 3.00%. Payments do not include taxes or insurance which can increase your monthly obligation. Homeowner's insurance and flood insurance, if applicable, are required. Available for Owner-occupied, 1-4 family primary residence. Private Mortgage Insurance required for loan to value (LTV) over 80%. PMI will increase the APR. Other payment terms available. Subject to credit approval. Cape Ann Savings Bank NMLS#480253 *2019 The Warren Group. |