Let me make it clear about Mortgage Products

Let me make it clear about Mortgage Products

No Bank Fees – Check the APR!

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

Looking around? Ensure you are accurately costs that are comparing. The APR (apr) will help. The APR is needed to add particular charges numerous banking institutions choose to include for their loans.

At(207) 622-5801 and ask to speak to a lender if you have any questions, call us. We are constantly thrilled to help.

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 bank account every fourteen days, leading to significant interest cost cost cost savings, using years from the lifetime associated with the home loan.

These prices assume a 20per cent advance payment. E mail us for any other choices.
Payment quantities try not to add fees and insurance coverage and so the payment that is actual will likely to be greater.

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

Month-to-month Fixed Speed Loans

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

These prices assume a 20per cent deposit. E mail us for any other choices.
Payment quantities try not to add fees and insurance coverage and so the payment that is actual will likely to be greater.

Term Interest APR* 10 12 Months 3.250% 3.250% With that loan level of $100,000, you could have 120 monthly obligations of $977.19 15 3.750 12 months% 3.750% With that loan number of $100,000, you will have 180 monthly obligations 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 4.250 12 months% 4.250%

Hertfordshire payday loans With that loan number of $100,000, you will have 360 monthly obligations of $491.94.

30 Year rate that is adjustable

For the people intending to retain their home loan for a somewhat little while of the time or desire the attention to modify (predicated on market prices), we provide a range of four adjustable price mortgages that offer reduced initial monthly premiums and caps regarding the rate of interest.

These prices assume a 20per cent deposit. E mail us for any other choices.
Payment quantities usually do not add fees and insurance coverage and so the payment that is actual is supposed to be greater.

Item Interest APR* 3/3 ARM 3.250% 3.250percent With financing quantity of $100,000, you might have 36 monthly premiums of $435.21 in the interest that is initial of 3.250per cent. The price would adjust every three then years predicated on a margin and index. The existing rate that is fully-indexed 3.250%, which may end up in 324 monthly obligations of $435.21. 5/1 ARM 3.500% 3.255% With that loan number 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 based on a margin and index year. The present fully-indexed price is 3.125%, which may end in 300 monthly obligations of $431.21. 7/1 ARM 3.650per cent 3.368%

With that loan level of $100,000, you will have 84 monthly premiums of $457.46 during the initial rate of interest of 3.650per cent. The price would then adjust every 12 months centered on a margin and index. The existing rate that is fully-indexed 3.125%, which will lead to 276 re re re payments of $433.98.

10/1 ARM 3.750% 3.508%

With financing number 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 fully-indexed price is 3.125%, which may end up in 240 re re re re payments of $438.11.

First-Time Homebuyer & Veteran Loans

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

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

HomeAid Loans

Our HomeAid home that is affordable system was created to help low-to-moderate earnings candidates; talk to certainly one of our loan providers to see if you qualify.

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

Construction Loans

Just pay interest during construction, by having a seamless change (with no additional closings) into a normal domestic home loan.

Various loan terms available. Construction loans need a fee that is additional on construction expenses additionally the loan quantity; e mail us for details. Approved contractor that is general.

Seasonal Homes

For camps, cottages, as well as other properties that are non-year-round.

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

Mobile Phone House With Land Loans

For mobile houses on fundamentals.

Different 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. Mobile phone houses must certanly be forever connected to secure.

Land Loans

For land-only purchases with adjustable interest levels.

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 rate choice that grants you the coziness of once you understand your re re re payment will continually be the exact same.

Various loan terms and fixed payment options (biweekly or monthly) available.

Residence Equity Personal Lines Of Credit

An exceptional choice for your personal future borrowing requirements by providing the capacity to access the equity you have got in your house when you need it; also choose the method that you would you like to repay it.

Various payment solutions.

* APR = percentage rate that is annual.

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