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Current Index: |
0.270% |
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| Date: |
07/30/2010 |
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for the
week ending: |
07/23/10 |
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HOME MORTGAGES |
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ADJUSTABLE RATE MORTGAGES * |
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(Max. $417000.00) |
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| Rate |
Points |
Term |
APR |
PMTS/$1000 |
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Rate |
Points |
Term |
APR. |
PMTS/$1000 |
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SERVICING RETAINED |
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CONVERTIBLE
RATES |
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| 3.875% |
1.00 |
15 |
4.104% |
$7.33 |
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2.250% |
0.00 |
1 YR * |
2.752% |
$3.82 |
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| 4.125% |
0.00 |
15 |
4.207% |
$7.46 |
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3.000% |
0.00 |
3/1 ARM * |
2.652% |
$4.22 |
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3.625% |
0.00 |
5/1 ARM * |
2.936% |
$4.56 |
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| 4.500% |
1.00 |
30 |
4.634% |
$5.07 |
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3.750% |
0.00 |
7/1 ARM ** |
3.125% |
$4.63 |
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| 4.750% |
0.00 |
30 |
4.798% |
$5.22 |
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GREAT RATES AND LOW CLOSING COSTS |
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| JUMBO LOANS
(Min. $417,001.00) |
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| Rate |
Points |
Term |
APR |
PMTS/$1000 |
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SERVICING RETAINED |
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| 5.375% |
1.00 |
30 |
5.516% |
$5.60 |
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| 5.500% |
0.00 |
30 |
5.550% |
$5.68 |
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| INVESTMENT PROPERTY |
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| 5.625% |
0.00 |
15 |
6.071% |
$8.24 |
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| 6.250% |
0.00 |
25 |
6.309% |
$6.60 |
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| HOW TO
CONTACT US |
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| Contact us to
set up a free one-on-one consultation |
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| to find out
which of our mortgages is right for you! |
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| Bennington |
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Manchester |
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| Phone: |
802.442.8121 |
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Phone: |
802.362.4760 |
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| Fax: |
802.442.1641 |
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Fax: |
802.362.0577 |
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| Wendy
Chenaille: |
802.442.1640 x238 |
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Lisa Souls |
802.362.4760
x 505 |
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| E-mail: |
mortgage@bennbank.com |
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Telephone Banking: |
1.800.216.1103 |
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| www.thebankofbennington.com |
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| ALL RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE |
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| **RATES SHOWN ARE
FOR CREDIT QUALIFIED BORROWERS |
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| RATE ADJUSTMENTS
& OTHER FEES MAY BE APPLICABLE ON ALL LOANS DEPENDING ON SPECIFIC |
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| LOAN
TO VALUE, PROPERTY TYPE, CREDIT HISTORY AND TERMS** |
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| Annual Percentage Rates (APR) do not include
Private Mortgage Insurance (PMI), which may be required if the LTV exceeds
80%. |
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| The
caps on residential Adjustable Rate Mortgages (ARM) are as follows: |
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| *2% per adjustment with a maximum increase
of 6% over the life of the loan |
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| **The
first adjustment may be a maximum of 5%.
Subsequent annual adjustments may be no more than 2% |
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| with a maximum increase of 5% over the
life of the loan. |
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| The APR on ARM programs may change after
consummation. |
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| The index for all ARM programs is the 1 Year U.S.
Treasury Bill. |
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| The maximum term on residential mortgages is 30
years. |
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| Bennington
Office: 155 North Street, Bennington, VT 05201
~ 802.442.1640 |
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| Manchester
Office: 78 Center Hill, Manchester Center, VT 05255
~ 802.362.4760 |
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| Arlington
Office: 3198 Route 7A, Arlington, VT 05250
~ 802.375.2319 |
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