Let me make it clear about Mortgage Products

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October 23, 2020 express payday loans

Let me make it clear about Mortgage Products

Let me make it clear about Mortgage Products

No Bank Fees – Check the APR!

Kennebec Savings Bank is proud never to charge bank that is ANY on our biweekly and monthly fixed price mortgages. (Other third-party charges nevertheless use.)

Doing your research? Ensure you are accurately comparing costs. The APR (apr) often helps. The APR is needed to consist of specific charges numerous banking institutions want to include with their loans.

At(207) 622-5801 and ask to speak to a lender if you have any questions, call us. We are constantly thrilled to assist.

Mortgage Products

Biweekly Fixed Rate Loans
Monthly Fixed speed Loans
Adjustable Rate Loans
Construction Loans
First-Time Homebuyer & Veteran Loans
HomeAid low-cost Residence Loans
Seasonal Residence Loans
Mobile house or apartment with Land Loans
Land just Loans
Home Equity Loans
Home Equity personal lines of credit

Biweekly Fixed Rate Loans

Our signature home loan item. 1 / 2 of a month-to-month homeloan payment is taken immediately from your KSB bank account every fourteen days, leading to significant interest savings, using years off the life for the home loan.

These prices assume a 20per cent advance payment. E mail us for any other choices.
Payment quantities try not to add fees and insurance coverage so that the payment that is actual will likely be greater.

Term Interest APR* 10 3.000 12 months% 3.000% With that loan quantity of $100,000, you could have 237 biweekly re re payments of $482.80 (having to pay off in just 9 years and 2 months). 15 3.500 year% 3.500% With that loan level of $100,000, you might have 352 biweekly re re payments of $357.44 (paying down in just 13 years and six months). 20 3.750 12 months% 3.750% With that loan quantity of $100,000, you might have 463 biweekly re re re payments of $296.44 (paying down in mere 17 years and 9 months). 30 3.950 12 months% 3.950% With that loan level of $100,000, you might have 674 biweekly re re payments of $237.27 (paying down in mere 25 years and 11 months).

Month-to-month Fixed Speed Loans

Our other fixed-rate choice for house buying or refinancing, billed and paid monthly.

These prices assume a 20per cent advance payment. E mail us for any other options.
Payment quantities usually do not consist of fees and insurance coverage therefore the payment that is actual may be greater.

Term Interest APR* 10 12 Months 3.250% 3.250% With that loan quantity of $100,000, you could have 120 monthly obligations of $977.19 15 3.750 12 months% 3.750% With that loan number of $100,000, you will have 180 monthly premiums of $727.22. 20 4.000 12 months% 4.000% With that loan quantity of $100,000, you might have 240 monthly obligations of $605.98. 30 4.250 12 months% 4.250% With that loan level of $100,000, you might have 360 monthly premiums of $491.94.

30 Year Adjustable Price Mortgages

For people likely to retain their home loan for a somewhat little while of the time or desire the attention to regulate (considering market prices), you can expect a range of four adjustable price mortgages that provide reduced initial monthly premiums and caps from the rate of interest.

These prices assume a 20per cent deposit. E mail us for any other choices.
Payment quantities usually do not consist of fees and insurance coverage therefore the payment that is actual is supposed to be greater.

Item Interest APR* 3/3 ARM 3.250per cent 3.250per cent With that loan level of $100,000, you might have 36 monthly obligations of $435.21 during the interest that is initial of 3.250per cent. The price would then adjust every three years predicated on a margin and index. The existing rate that is fully-indexed 3.250%, which may lead to 324 monthly obligations of $435.21. 5/1 ARM 3.500per cent 3.255percent With financing number of $100,000, you will have 60 monthly obligations of $449.04 during the initial rate of interest of 3.500per cent. The rate would then adjust every based on a margin and index year. The present rate that is fully-indexed 3.125%, which will payday loans Hertfordshire end in 300 monthly obligations of $431.21. 7/1 ARM 3.650per cent 3.368%

With that loan level of $100,000, you could have 84 monthly obligations of $457.46 during the initial rate of interest of 3.650per cent. The price would then adjust every 12 months predicated on a margin and index. The existing fully-indexed price is 3.125%, which will end in 276 re payments of $433.98.

10/1 ARM 3.750% 3.508%

With financing quantity of $100,000, you might have 120 monthly obligations of $463.12 in the interest that is initial of 3.750per cent. The price would then adjust every 12 months according to a margin and index. The existing fully-indexed price is 3.125%, which will lead to 240 re re re payments of $438.11.

First-Time Homebuyer & Veteran Loans

Make a diminished deposit as a qualifying first-time homebuyer or veteran.

Various loan terms and payment that is fixed (biweekly or month-to-month) available.

HomeAid Loans

Our HomeAid affordable mortgage loan system was designed to assist low-to-moderate earnings candidates; talk to certainly one of our loan providers to see in the event that you qualify.

Various loan terms and payment that is fixed (biweekly or month-to-month) available. HomeAid system funds are subject and limited to earnings restrictions. Personal home loan insurance coverage might be needed. Main residences just; mobile domiciles are excluded. Needs payments that are automatic a Kennebec Savings banking account.

Construction Loans

Just pay interest during construction, with a seamless change (with no additional closings) into a consistent domestic home loan.

Various loan terms available. Construction loans need a fee that is additional on construction expenses as well as the loan quantity; e mail us for details. Approved basic specialist needed.

Seasonal Homes

For camps, cottages, along with other properties that are non-year-round.

Various loan terms, fixed payment choices (biweekly or monthly), or payment that is adjustable (3/3 supply or 5/1 supply) available.

Mobile Phone House With Land Loans

For mobile houses on fundamentals.

Various loan terms, fixed re re payment choices (biweekly or month-to-month), or adjustable repayment choices (3/3 supply or 5/1 ARM) available. Cellphone houses must certanly be forever connected to secure.

Land Loans

For land-only acquisitions with adjustable rates of interest.

Various loan terms and payment that is adjustable (3/3 supply or 5/1 supply) available.

Residence Equity Loans

Make use of the equity that is existing have actually in your house today. House equity term loans offer a hard and fast price choice that funds you the coziness of once you understand your payment will often be exactly the same.

Various loan terms and fixed payment options (biweekly or month-to-month) available.

Residence Equity Personal Lines Of Credit

An option that is excellent your own future borrowing requirements by providing the capacity to access the equity you've got at home when you wish it; also choose the way you wish to repay it.

Various re re payment solutions.

* APR = apr.

All loans are at the mercy of credit approval by Kennebec Savings Bank. Optimum terms listed. Shorter terms can be available; contact that loan officer for details. Greater loan-to-value funding might be around with personal home loan insurance coverage (PMI).

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