Refinancing Your Mortgage

Fixed Rate Mortgages

Features & Benefits:

• Terms up to 30 years
• Fixed interest rate for the life of the loan
• Point options available to lower monthly payments
• No pre-payment penalties
• Conventional and Jumbo mortgages
• Get next day bill notification with eNotices
• Calculate a payment >>
• Apply >>

Adjustable Rate Mortgages (ARM)

Features & Benefits:

• Terms up to 30 years - Various ARM programs available
• Rate caps- 2% adjustment and 6% lifetime cap (2% adjustment and 5% lifetime cap for 5/5 ARM)
• Low initial interest rates reduces initial monthly mortgage payment
• No pre-payment penalties
• Conventional and Jumbo mortgages
• Get next day bill notification with eNotices
• Calculate a payment >>
• Apply >>

“On The House” Refinance Fixed Rate Mortgage

Features & Benefits:

• No points
• No closing costs
• Option to take cash out
• No pre-payment penalty
• Interest rate and payment are fixed for the life of the loan
• Conventional or Jumbo option
• Term up to 12 years
• Get next day bill notification with eNotices
• Apply >> (Select Home Equity)

“On The House” Refinance 5/5 Adjustable Rate Mortgage

Features & Benefits:

• No points
• No closing costs
• Option to take cash out
• No pre-payment penalty
• Adjustment index is the 5-year U.S. Treasury Bill, with a margin of 2.75%
• Maximum adjustment cap per 5-year period is 2%; Lifetime adjustment cap is 4%
• Conventional or Jumbo option
• Term from 7 to 12 years
• Get next day bill notification with eNotices
• Apply >> (Select Home Equity)

For more information please contact our Mortgage Consultants or call our member service call center at 781-784-7725 or toll free at 1-877-661-3300.

Use our mortgage calculators to help you determine if refinancing is right for you and how much mortgage you can afford.

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