1For 1-4 family owner occupied primary residence NH properties only. $10,000 Minimum line amount; $10,000 Minimum advance at closing. If the line 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 $500 - $1,100.
2Annual Percentage Rate (APR) is based on loan amount of $10,000. Rates and terms may change at any time and vary by loan amount.
3Lock Option allows up to 3 fixed rate amounts in one year and at any one time. Up to 10 fixed rate amounts over the life of the loan. Monthly payment for the fixed rate is based on the term and rate shown above. Minimum fixed rate amount is $1,000.
4Up to 85% CLTV for 1 to 4 family homes and up to 80% CLTV for Condos for credit scores of 730 and above and St. Mary's Bank holds the 1st mortgage; up to 80% CLTV for 1 to 4 family homes and up to 75% CLTV for Condos when St. Mary's Bank does not hold the 1st mortgage. Up to 75% CLTV for 1 to 4 family homes and up to 70% CLTV for Condos for lines greater than $500,000.
5Annual fee waived with automatic funds transfer from a St. Mary’s Bank Beyond Checking account. First lock fee is waived within one year of loan opening; $50 for each additional.
6During the first 6 billing cycles the rate is fixed at 3.49%, then the rate changes to Prime -.25%, variable monthly for the remainder of the life of the line. (Prime Rate published in the Wall Street Journal preceding the start of each monthly billing period. Current prime rate is 5.00%. 3% Minimum, 16% Maximum.
7240 month loan term. 10 year draw period; 10 year repayment. You will be billed interest only during the draw period. If you pay interest only you will owe the amounts drawn and your monthly payment will increase when the draw period ends.