Rates
Auto Loan Rates
Up to 100% Financing on New Cars. Maximum Loan Amount for New Cars is $50,000. Minimum down payment for Used Cars is 10%.
Effective Date: 9/8/2010
Auto Loan Rates |
| Term | New Car 2011 & 2010 dealer left over 2009 APR* | Monthly Principal & Interest per $1,000 borrowed | Used Car (2009, 2008 & 2007) APR | Monthly Principal & Interest per $1,000 borrowed |
| 12 Mos. | 5.75% | $85.95 | 6.50% | $86.30 |
| 24 Mos. | 5.75% | $44.21 | 6.75% | $44.66 |
| 36 Mos. | 5.75% | $30.31 | 7.00% | $30.88 |
| 48 Mos. | 6.00% | $23.49 | 7.25% | $24.06
(2009 & 2008 ONLY) |
| 60 Mos. | 6.25% | $19.45 | N/A | N/A |
*APR (Annual Percentage Rate)
Home Equity Line of Credit
Effective Date: 9/8/2010
Home Equity Line of Credit |
| Product | Annual Percentage Rate | Minimum Payment Options | Loan to Value | Term |
| Monthly Variable | Prime Rate as published in the Wall Street Journal on the last business day of the month.* | 1% of outstanding balance (P&I) not less than $100 per month.** | 80% w/EBSB 1st Mortgage and 70% w/all other banks*** | 15 Yr Total Term. 10 Year Draw. Remaining 5 Years, Fixed P&I repayment of outstanding balance.**** |
*The minimum floor rate will be 4.00% and the maximum rate will be capped at 18%. (As of 8/31/10 the rate is 4.00%)
**An Interest Only option is also available with this product.
***If the first is with EBSB or a sold MW loan, max CLTV 80% with Fico of 700. If the first is elsewhere (not a mortgage customer with the bank) the max CLTV is 70% with minimum Fico score of 700.
Consult your tax advisor regarding deductibility of interest.
Minimum credit score 680.
Property insurance is required. Flood Insurance may be required.
Rate and terms may change at any time.
Not available for homes currently for sale.
Second Lien position only.
Available to 1-3 family owner occupied properties in Massachusetts and New Hampshire.
Loan amount may vary, depending on Fico scores, LTV, CLTV and income.
Loan limits; $10,000 to $500,000.
The interest you pay on this loan may be tax deductibe. Consult your tax advisor
****Principal and interest (P&I)
Fixed Rate Mortgages
Effective Date: 9/9/2010
Fixed Rate Mortgages |
| Program | Maximum Term | Interest Rate | Points | Annual Percentage Rate | Monthly P&I* PER $1,000 |
| 30 Years | 30 Years | 4.375% | 0 | 4.405% | $4.99 |
| 20 Years | 20 Years | 4.250% | 0 | 4.292% | $6.19 |
| 15 Years | 15 Years | 3.875% | 0 | 3.928% | $7.33 |
| 10 Years | 10 Years | 3.750% | 0 | 3.826% | $10.01 |
Owner-Occupied Mortgage Loans
Down Payment: 20%
Fixed Rate Loan Limits: $417,000
Above rates and information are for single family owner occupied residence only.
Adjustable Rate Mortgages
Effective Date: 9/9/2010
Adjustable Rate Mortgages |
| Program | Maximum Term | Interest Rate | Points | Annual Percentage Rate | Monthly P&I* PER $1,000 |
| 5/3 Program | 40 Years | 4.500% | 1 | 3.952% | $4.50 |
| 5/3 Program | 30 Years | 4.250% | 1 | 3.932% | $4.92 |
| 3 Year ARM | 30 Years | 3.750% | 1 | 3.735% | $4.63 |
| 7/3 Year ARM | 30 Years | 4.875% | 1 | 4.311% | $5.29 |
Owner-Occupied Mortgage Loans
Down Payment: 20%
Maximum Loan: $417,000
* (P&I) Principal and Interest
-Convertible rate option may be available for qualified applicants.
-High LTV financing available for many owner/occupied programs w/PMI. Ask Loan Officer for details and APR.
-No point option available for Owner Occupied Products Fixed Rate and Adjustable Rate Mortgages. Ask Loan Officer for APR.
-Above rates and information are for single family owner occupied residence only.
Adjustable Rate Mortgage Caps & Indexes
| For 7/3 Year ARM - owner occupied |
3 Year Treasury
Index 0.76 |
Margin 2.875% |
Caps 2%-6% |
For 3 Year &
5/3 Year ARM - owner occupied |
3 Year Treasury
Index 0.76 |
Margin 2.875% |
Caps 2%-6% |
| For 3 Year & 5/3 Year ARM - non-owner occupied |
3 Year Treasury
Index 0.76 |
Margin 3.000% |
Caps 3%-6% |
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