|
|
|
Current Loan RatesPlease read this important information about our service area: If you reside outside of the State of Massachusetts, please contact us so that we can evaluate whether we can adequately service your lending or deposit product needs. Additional Information Regarding Mortgages: Payment amounts do not include taxes or insurance premiums. Your payments will be greater. Annual Percentage Rates (APRs) are based on a 20% down payment and $100,000 financed. All mortgage rates are for 1-4 Family Owner-Occupied homes. Private Mortgage Insurance is required on loan-to-value ratios in excess of 80%. Homeowners insurance and flood insurance (if applicable) are required. Interest rates and Annual Percentage Rates (APRs) are subject to change based on factors such as credit, loan-to-value ratio, property type, loan amount, and occupancy. All loan applications are subject to credit underwriting and property approval.
Fixed Mortgage Rates
First-Time Homebuyer Program 
Apply OnlineEffective Date: 02/14/2012
Please call (866)711-6272 for more details.
*APR and monthly payment subject to increase. Maximum rate increase for 1 Year Adjustable Rate Mortgages is 2% per adjustment and 6% over the life of loan. There is a floor rate equal to contract rate.
3/1 Adjustable Rate Mortgage is fixed for the first 3 years then adjusts annually 2% maximum adjustment per year and 6% maximum adjustment over the life of the loan. There is a floor rate equal to contract rate.
5/1 Adjustable Rate Mortgage is fixed for the first 5 years then adjusts annually 2% maximum adjustment per year and 6% maximum adjustment over the life of the loan. There is a floor rate equal to contract rate.
Home Equity Rates
Rate quoted is for owner occupied property, 1-4 family residences only. Maximum LTV 80%.There will be a charge for an appraisal if one is required. Maximum Loan- Cannot exceed 75% of the automated valuation model or 80% of the appraisal, less existing 1st mortgage balance. Minimum Loan- The minimum loan is $10,000. ** A Termination Fee of $500.00 will be charged if the customer formally closes out the Home Equity Line within 36 months of the original agreement. The Annual Percentage Rate (APR) is based on the Prime Rate as published in The Wall Street Journal and is 3.25% as of 07/01/2011. The minimum Annual Percentage Rate is 5% with a maximum Annual Percentage Rate of 18%. Early termination fee applies to lines of credit closed within 36 months. See a tax advisor regarding deductibility of interest on both Loans and Lines of Credit. Property insurance is required. Other terms and conditions may apply.
Consumer Loan Rates
*The above rate can decrease by .50% if payments are automatically deducted from a North Brookfield Savings Bank Checking or Savings account.
Land & Mobile Home Loans are also available.
Auto/Motorcycle Loan Rates
** 100% financing available on limited model years at higher rate.
Automobile/Motorcycle Loan/MotorHomes- Must have fire, theft and collision insurance coverage. Insurance binder, listing N.B.S.B. as loss payee, must be received before check is released.
*Rates will decrease another .25% if payments are automatically deducted from a North Brookfield Savings Bank account.
National Mortgage Licensing System and Registry North Brookfield Savings Bank's National Mortgage Licensing System unique identifier is 641656.
Stephen M. Quink
Donna M. Tiso
Donna L. Boulanger
Pamela A. Patenaude
Deborah A. Paulhus
Lillian M. Carlson  |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
