Let me make it clear about Mortgage Products

No Bank Fees – Check the APR!

Kennebec Savings Bank is proud to not ever charge ANY bank costs on our biweekly and monthly fixed price mortgages. (Other third-party charges nevertheless use.)

Doing your research? Make certain you are accurately costs that are comparing. The APR (apr) often helps. The APR is needed to consist of fees that are certain banking institutions want to include with their loans.

When you yourself have any questions, call us at (207) 622-5801 and have to talk with a loan provider. We are constantly very happy to assist.

Mortgage Products

Biweekly Fixed Rate Loans
Monthly Fixed speed Loans
Adjustable Rate Loans
Construction Loans
First-Time Homebuyer & Veteran Loans
HomeAid low-cost Residence Loans
Seasonal Residence Loans
Mobile house or apartment with Land Loans
Land just Loans
Home Equity Loans
Home Equity personal lines of credit

Biweekly Fixed Rate Loans

Our signature home loan item. 50 % of a month-to-month homeloan payment is taken immediately from your KSB https://speedyloan.net/ca/payday-loans-nb bank account every fourteen days, leading to significant interest cost cost cost cost savings, using years from the life associated with home loan.

These prices assume a 20per cent advance payment. E mail us for any other choices.
Payment quantities don’t add fees and insurance coverage therefore the real repayment responsibility are going to be greater.

Term Interest APR* 10 3.000 12 months% 3.000% With financing quantity of $100,000, you will have 237 biweekly re re re payments of $482.80 (having to pay off in just 9 years and 2 months). 15 3.500 12 months% 3.500% With financing quantity of $100,000, you might have 352 biweekly re re payments of $357.44 (paying down in mere 13 years and six months). 20 12 Months 3.750% 3.750% With financing quantity of $100,000, you might have 463 biweekly re re payments of $296.44 (paying down in mere 17 years and 9 months). 30 3.950 12 months% 3.950% With that loan quantity of $100,000, you could have 674 biweekly re payments of $237.27 (paying down in mere 25 years and 11 months).

Month-to-month Fixed Rate Loans

Our other option that is fixed-rate house buying or refinancing, billed and paid monthly.

These prices assume a 20per cent advance payment. Call us for any other choices.
Payment quantities try not to consist of fees and insurance coverage therefore the payment that is actual is going to be greater.

Term Interest APR* 10 3.250 12 months% 3.250% With that loan level of $100,000, you will have 120 monthly obligations of $977.19 15 3.750 12 months% 3.750% With financing number of $100,000, you might have 180 monthly premiums of $727.22. 20 12 Months 4.000% 4.000% With that loan quantity of $100,000, you might have 240 monthly premiums of $605.98. 30 12 months 4.250% 4.250% With that loan level of $100,000, you could have 360 monthly obligations of $491.94.

30 Year rate that is adjustable

For all those intending to retain their home loan for a somewhat short time of the time or desire the attention to modify (predicated on market prices), you can expect a range of four adjustable price mortgages that provide reduced initial monthly premiums and caps regarding the interest.

These prices assume a 20per cent deposit. E mail us for any other choices.
Payment quantities usually do not consist of fees and insurance therefore the payment that is actual would be greater.

Item Interest APR* 3/3 ARM 3.250% 3.250percent With that loan number of $100,000, you will have 36 monthly obligations of $435.21 in the interest that is initial of 3.250per cent. The price would adjust every three then years centered on a margin and index. The present rate that is fully-indexed 3.250%, which will end up in 324 monthly obligations of $435.21. 5/1 ARM 3.500% 3.255per cent With that loan level of $100,000, you could have 60 monthly premiums of $449.04 during the interest that is initial of 3.500per cent. The price would then adjust every 12 months according to a margin and index. The present fully-indexed price is 3.125%, which will bring about 300 monthly obligations of $431.21. 7/1 ARM 3.650% 3.368percent

With financing quantity of $100,000, you would have 84 monthly premiums of $457.46 in the initial interest of 3.650%. The price would then adjust every 12 months considering a margin and index. The present rate that is fully-indexed 3.125%, which will end up in 276 re payments of $433.98.

10/1 ARM 3.750% 3.508%

With that loan quantity of $100,000, you could have 120 monthly premiums of $463.12 during the interest that is initial of 3.750per cent. The price would then adjust every based on a margin and index year. The existing rate that is fully-indexed 3.125%, which may end in 240 re re payments of $438.11.

First-Time Homebuyer & Veteran Loans

Make a lesser advance payment as a qualifying homebuyer that is first-time veteran.

Various loan terms and fixed payment options (biweekly or month-to-month) available.

HomeAid Loans

Our HomeAid home that is affordable system is made to help low-to-moderate earnings candidates; consult with certainly one of our loan providers to see in the event that you qualify.

Various loan terms and fixed payment options (biweekly or month-to-month) available. HomeAid system funds are restricted and subject to earnings limits. Personal home loan insurance coverage may be needed. Main residences just; mobile houses are excluded. Needs payments that are automatic a Kennebec Savings banking account.

Construction Loans

Only pay interest during construction, by having a seamless change (with no extra closings) into a consistent domestic mortgage.

Various loan terms available. Construction loans need a extra paid on construction expenses while the loan quantity; e mail us for details. Approved basic specialist needed.

Seasonal Homes

For camps, cottages, along with other non-year-round properties.

Various loan terms, fixed re re payment choices (biweekly or month-to-month), or payment that is adjustable (3/3 supply or 5/1 supply) available.

Cellphone House Or Apartment With Land Loans

For mobile domiciles on fundamentals.

Various loan terms, fixed re payment choices (biweekly or month-to-month), or adjustable repayment choices (3/3 supply or 5/1 supply) available. Cellphone domiciles should be forever connected to secure.

Land Loans

For land-only acquisitions with adjustable rates of interest.

Various loan terms and adjustable repayment choices (3/3 supply or 5/1 supply) available.

Residence Equity Loans

Use the current equity you have actually at home today. House equity term loans offer a set price choice that grants you the coziness of once you understand your re payment will be the same always.

Various loan terms and fixed payment options (biweekly or month-to-month) available.

Residence Equity Personal Lines Of Credit

An option that is excellent your own future borrowing requirements by providing the capacity to access the equity you have got at home when you need it; also choose the manner in which you desire to repay it.

Various re re re payment solutions.

* APR = apr.

All loans are at the mercy of credit approval by Kennebec Savings Bank. Optimum terms listed. Shorter terms can be available; contact financing officer for details. Greater loan-to-value funding might be around with personal home loan insurance coverage (PMI).

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