Rates effective MAY 2, 2008
Conventional
|
| 5 Year Balloon |
7 Year Balloon |
10 Year |
15 Year |
| 6.95% |
NA |
7.250% |
7.750% |
ARM
|
| |
|
|
|
| Adjusted annually based on Monthly Constant Maturity (CMT) + 3.50% |
| 2% annual cap & 6% lifetime cap over initial rate. |
Home Improvement
(Max Term 20 Years)
|
| 5 Year Balloon |
10 Year |
15 Year |
|
| 7.125% |
8.25% |
8.95% |
|
Home Equity
(Max Term 15 Years - 3% Processing Fee)
|
| 7 Year |
10 Year |
15 Year |
|
| 8.95% |
9.50% |
9.95% |
|
Refinance
|
| |
|
|
|
| 2% or minimum of $750 - plus all closing costs. |
Investment Property
Minimum of 20% Down
|
| 5 Year Balloon |
7 Year Balloon |
10 Year |
15 Year |
| 7.125% |
NA |
7.750% |
8.000% |
 |
