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Effective November 17, 2008
MORTGAGE RATES (1-4 Family Owner Occupied Conforming Properties)
|
| 30 Year Fixed |
APR |
Points |
P&I per $1,000 |
| 5.875% |
6.102% |
2 points |
$5.92 |
| 6.125% |
6.259% |
1 point |
$6.08 |
| 6.500% |
6.541% |
0 points |
$6.32 |
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| 20 Year Fixed |
APR |
Points |
P&I per $1,000 |
| 5.875% |
6.177% |
2 points |
$7.09 |
| 6.250% |
6.430% |
1 point |
$7.31 |
| 6.500% |
6.554% |
0 points |
$7.46 |
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| 15 Year Fixed |
APR |
Points |
P&I per $1,000 |
| 5.500% |
5.873% |
2 points |
$8.17 |
| 5.750% |
5.969% |
1 point |
$8.30 |
| 6.250% |
6.3150% |
0 points |
$8.57 |
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| 10 Year Fixed |
APR |
Points |
P&I per $1,000 |
| 6.125 |
6.215% |
0 points |
$11.16 |
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|
| 3/1 ARM |
APR |
Points |
P&I per $1,000 |
| 6.000% |
4.593% |
1points |
$6.00 |
| 6.250% |
4.611% |
.50point |
$6.16 |
| 6.500% |
4.628% |
0 points |
$6.32 |
| (2/6 Caps, 2.875 margin, non-convertible) |
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|
| 5/1 ARM |
APR |
Points |
P&I per $1,000 |
| 6.125% |
4.918% |
1 points |
$6.08 |
| 6.375% |
4.971% |
.50points |
$6.24 |
| 6.625% |
5.024% |
0 points |
$6.40 |
| (2/5 Caps, 2.875 margin, non-convertible) |
| Home Equity Line Of Credit |
(Based on Current Prime Rate) |
|
|
| AS LOW as 4.25% APR |
4.00% Prime |
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| -1 YR Treasury Security Index 1.25%*Rates subject to change. Applicants should contact Credit Union for current rates at the time of application. *Add .375% for No points/No closing Costs for loans of $100,000 to $199,999 and .50% for loans of $100,000 to $149,999 No Points/No Closing Costs not available for loan amounts less than $100,000. Minimum Loan Amount $25,000 ** The above interest rate reflects preferred pricing (the lowest possible rates currently offered) for members with excellent credit history. Not all members may be elegible for this rate. Membership in good standing with CCU of Lynn is required. Please contact us for specific membership requirements, credit requirement, LTV and pricing tiers. minimum $25,000 needs to be drawn at closing to qualify for no closing costs, however if loan is paid off within 24 months,the lender retains the right to recapture certain closing costs. If loan is under $25,000 the loan rate is equal to the prime rate. (New loans only. This offer does not apply to existing CCU loans.) |
| Inquire about our First-Time Homebuyers Programs. *APR(Annual Percentage Rate) is calculated based on 20% down payment! |
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