Easy Way Equity Loan Mortgage Alternative
* Annual Percentage Rate (APR) accurate as of 2/13/15. APR based on $88,500 loan with 120 monthly payments of $10.00 per $1,000 (principal and interest only) and reflects 0.50% discount with automatic funds transfer from a St. Mary’s Bank checking account. Payment example does not include escrow for property-related taxes and insurance that must be paid separately, and actual payments may be greater. Rate and terms may change at any time. Offer subject to change without notice. Min. loan $50,000, Max. loan $417,000. Must be in first lien position. 1-4 family owner-occupied, primary residence properties in NH only. St. Mary’s Bank second mortgages permitted on subject property at time of closing. Loan-to-value (LTV) ratio up to 85% for credit scores of 730 and above; up to 80% for credit scores 729 and below. Not available for homes currently for sale. If the loan is paid in full and closed within 3 years of activation, you may be required to reimburse St. Mary's Bank for any closing costs paid on your behalf, estimated to range between $700 - $1,100. Property insurance required. Flood insurance may be required.
Properties held in trust subject to $175 fee. Payoffs to lenders other than St. Mary’s Bank subject to $75 discharge tracking fee.Other rates and terms (up to 180 months) available and can be found by clicking here. Applications subject to credit approval.
** Must apply on or before March 17, 2015, to qualify for $250 St. Mary’s Bank Gift Card offer. Valid on new Easy Way Equity Loan Mortgage Alternative with a minimum loan balance of $75,000. Excludes refinance of an existing St. Mary’s Bank loan. Visa gift card to be issued after the three-day right-of-rescission following the loan closing. May not be combined with other offers.
St. Mary’s Bank is a member-owned credit union. Membership is open with purchase of one share of capital stock for $5. Federally insured by the NCUA.