|
|
|
Are you looking to lower your mortgage payment? Has the current Coronavirus situation made money a bit tight? NESC Credit Union has a mortgage re-finance loan to assist you during this time. Take advantage of the current low rates to save on your payments.
|
Special rate for NESC Credit Union Members: 2.75% (2.55% APR*)
on a 5/5 Adjustable Rate Mortgage
No Lender Closing Costs**
|
|
Here’s an example of the monthly savings on a mortgage refinance with a balance of $200,000:
|
|
Please visit us online at www.nescfcu.org Call us at 978-688-8800 for more Information.
|
**APR = Annual Percentage Rate. APR quoted is as of 5/18/20.
**Borrower costs include homeowners insurance, tax escrow, pre-paid interest, owners title insurance.
Rate fixed for a five year period, it then becomes adjustable and may increase or decrease once every five years. Rate Caps = 2% every five years, 6% over the life of the loan. Margin = 2.25%. Index = 5-Year Treasury. Principle and Interest payment example if the interest rate hit the maximum caps during the first fifteen years:
Years 1-5 = 816.48
Years 6-10 = $765 - 1042.00
Years 11-15 = $765 - 1261.00
Years 16-20 = $765 - 1360.00
Maximum loan-to-value is 80%
|
|
|
|
|
|
|
|
|
|
|
Copyright © 2020 NESC Credit Union. All rights reserved.
|
|
Unsubscribe
|
|
|
|
|
|
|