| Monthly Variable |
Prime Rate Minus 1.50%*
Variable Monthly
(as of 04/30/08 Prime Rate =5.25%)
|
1% of outstanding balance (P&I) not less than $100 a month.
Note: An Interest Only option is also available
with this product.
|
$500,000 |
80% with EBSB 1st Mortgage
and 75% with all other banks. |
15 Year Total Term.
10 Year Draw. Remaining 5 Years, Fixed P&I repayment of outstanding
balance.
|
| 5 Year (5/5/5) Variable
|
Prime Rate Minus 1.00%* Fixed for 5 years. Rate
will then adjust to current Prime minus 1% Years 6 and 11.
(as of 04/30/08 Prime Rate =5.25%)
|
1% outstanding balance (P&I) not less than $100 per month.
Note: An Interest Only option is also available
with this product.
|
$500,000 |
80% with EBSB 1st Mortgage
and 75% with all other banks. |
15 Year Total Term.
10 Year Draw. Remaining 5 Years, Fixed P&I repayment of outstanding
balance.
|
|
*Additional 0.25% off rate with an open money market account.
Closing costs may apply in some situations (all Prime Line Products).
Annual fee $25.00 Early termination fee of $250 applies for loans
closed within first 12 months. Maximum annual percentage rate not
to exceed 18%. Consult your tax advisor regarding deductibility
of interest.
Additional fees may be applicable if the Prime Line will be a first
mortgage.
Prime Rate as published in the Wall Street Journal on the last business day of the month.
|
Equal Housing Lender.