NMLS #635444
  

Mortgage Loans

 

15 Year Fixed

20 Year Fixed

25 Year Fixed

30 Year Fixed

 
 
bulletAll loans are for owner occupied 1-4 family dwellings only.
Minimum loan amount:  $25,000   Maximum loan amount:  $1,000,000.00.
bulletPurchases - 10% Minimum down payment.  PMI required on all loans above 80% loan to value.
bulletRefinances: maximum 75% loan to value.
bulletFirst-time Home Buyer and Affordable Housing Loans available.
bulletBi-weekly mortgage program

Mortgages Loan Rates
Effective February 3 , 2012

TERM

POINTS

 RATE APR** MONTHLY PAYMENT PER THOUSAND
15 Year Fixed 0 3.250% 3.323% $7.07
1 3.000% 3.218%

$6.91
2 2.750% 3.113% $6.79
3 2.500% 3.008% $6.67
20 Year Fixed 0 3.750% 3.807% $5.93
1 3.500% 3.671% $5.80
2 3.250% 3.535% $5.67
3 3.000% 3.398% $5.55
25 Year Fixed 0 4.000% 4.048% $5.28
1 3.750% 3.893% $5.14
2 3.500% 3.738% $5.00
3 3.250% 3.581% $4.87
30 Year Fixed 0 4.125% 4.167% $4.85
1 3.875% 4.000% $4.70
2 3.625% 3.831% $4.56
3 3.375% 3.662% $4.42

 

 

  **Calculation based on $100,000 loan

The above examples of monthly payments "per thousand" do not include requirements for the collection of tax and insurance escrows.

FEE SCHEDULE:

One Family - $500.00

2-4 Family -  $650.00

Attorney Review Fee - $200.00 (Payable at closing)

 

Purchases - 10% minimum down payment

PMI required on all loans above 80% loan to value.

 

Refinances - 75% loan to value required.  

Condominium loans 

 

Bi-weekly mortgages available - 15, 20, 30 year fixed rate terms.  Payment deducted every 14 days from a Glen Rock Savings Bank checking account.

 

Investment Property Loans Available - Call for Rates.

 

Please note: The rates listed above are subject to change at any time without notice

All loans are subject to credit approval. 

For current rate and fee information call 973-636-2596.