|
As of October 10, 2007 |
|
FIXED RATE MORTGAGES - MAXIMUM AMOUNT $417,000 |
 |
Rate |
Points |
Annual Percentage Rate (APR) |
Payment Per $1,000 Borrowed |
| 30 Year |
6.000% |
2.0 |
6.191% |
$6.00 |
|
6.375% |
0.0 |
6.377% |
$6.24 |
| 20 Year |
5.875% |
2.0 |
6.127% |
$7.09 |
|
6.250% |
0.0 |
6.252% |
$7.31 |
| 15 Year |
5.750% |
2.0 |
6.066% |
$8.30 |
|
6.125% |
0.0 |
6.127% |
$8.51 |
| 80.01% TO 90% LOAN TO VALUE (LTV) AVAILABLE; PRIVATE MORTGAGE INSURANCE (PMI) REQUIRED |
| ADJUSTABLE RATE MORTGAGES (A.R.M.) - MAXIMUM AMOUNT $750,000 |
|
Rate |
Points |
APR |
Caps |
Margin |
Payment Per $1,000 Borrowed |
| 1/4 Caps |
4.875% |
2.0 |
6.791% |
1/4 |
2.750% |
$5.29 |
| |
5.125% |
0.0 |
6.643% |
1/4 |
2.750% |
$5.44 |
| 1 Year ARM |
4.625% |
2.0 |
6.831% |
2/6 |
2.750% |
$5.14 |
| |
4.875% |
0.0 |
6.683% |
2/6 |
2.750% |
$5.29 |
| 3 Year Arm |
5.000% |
2.0 |
6.581% |
2/6 |
2.750% |
$5.37 |
| |
5.500% |
0.0 |
6.520% |
2/6 |
2.750% |
$5.68 |
| 5 Year ARM |
5.750% |
2.0 |
6.618% |
2/6 |
2.750% |
$5.84 |
| |
6.000% |
0.0 |
6.527% |
2/6 |
2.750% |
$6.00 |
| 7 Year ARM |
5.875% |
2.0 |
6.550% |
2/6 |
2.750% |
$5.92 |
| |
6.125% |
0.0 |
6.488% |
2/6 |
2.750% |
$6.08 |
| 10 Year ARM |
6.000% |
2.0 |
6.488% |
2/6 |
2.750% |
$6.00 |
| |
6.250% |
0.0 |
6.462% |
2/6 |
2.750% |
$6.16 |
SLIGHTLY HIGHER MARGINS APPLY TO JUMBOS ($359,650 - $750,000 + .25; $750,001 AND OVER + .50)
MAXIMUM LOAN TO VALUE 90%; 80.01% - 90% LTV, PMI REQUIRED MAXIMUM TERM - 30 YEARS
YOUR APR MAY INCREASE AFTER CONSUMMATION. |
| FIRST TIME HOME BUYERS (APPLICATION FEE - $300) - MAXIMUM AMOUNT $260,000 |
| |
Rate |
Points |
APR |
Caps |
Margin |
Payment Per $1,000 Borrowed |
| 5 Year ARM |
5.625% |
0.0 |
6.380% |
2/6 |
2.750% |
$5.76 |
95% LOAN TO VALUE RATE AVAILABLE - PMI REQUIRED. THIS IS A FIXED RATE FOR 5 YEARS; THEN BECOMES A 1 YEAR ARM.
YOUR APR MAY INCREASE AFTER CONSUMMATION. |
| FIXED HOME EQUITY LOANS |
|
Rate |
APR |
Minimum Amount |
Payment Per $1,000 Borrowed |
| 3 Year |
5.750% |
5.750% |
$10,000 |
$30.31 |
| 5 Year |
6.250% |
6.250% |
$10,000 |
$19.45 |
| 7 Year |
6.500% |
6.500% |
$10,000 |
$14.85 |
| 10 Year |
6.750% |
6.750% |
$10,000 |
$11.48 |
| 15 Year |
7.250% |
7.250% |
$10,000 |
$9.13 |
| We'll take an additional 0.250% off any of our Fixed Home Equity loan rates if you have the payment automatically debited from your Litchfield Bancorp Reality or Freedom Plus Checking Account! |
SPECIAL FIXED HOME EQUITY LOANS - Offered for a Limited Time
Special Restrictions Apply - Please contact us for details! |
| |
Rate |
APR |
Minimum Amount |
Payment Per $1,000 Borrowed |
| 10 Year - First Lien |
6.500% |
6.500% |
$10,000 |
$11.36 |
| 15 Year - First Lien |
6.950% |
6.950% |
$10,000 |
$8.96 |
| HOME EQUITY LINE OF CREDIT |
| Please contact us for Current Information |
| There are no Application Fees or Closing Costs** for Loans up to $100,000 |
**NY residential properties and loans over $100,000 may incur closing costs.
Requests for Home Equity Loans that are an exception to policy will be upcharged a standard 0.625% over the existing rate. |
