Rates are effective as of November 2, 2015. Rates are subject to change without notice.
|Loan Type||Term||APR*||Maximum Amount|
|First Mortgage||Please call us at (617) 325-1999 for current rates and terms.|
|Home Equity Loan||Up to 10 years++||4.99%||Up to $100,000|
|Home Equity Line of Credit||Up to 20 years||Prime minus 1%, adjustable monthly**||$100,000|
*APR = Annual Percentage Rate.
+ Sample payment information for home improvement loan: The cost of $1,000 borrowed for 20 years at 7% is $7.75 per month.
++Sample payment information for home equity loan: The cost of $1,000 borrowed for 10 years at 4.99% is $10.60 per month.
** The prime rate is the Wall Street Journal prime rate as of the last business day of the month. Sample Payment information for a Home Equity LOC: A loan with a principal balance of $10,000 at 3.00% (prime -1%) would require a payment of $150 with approximately $21.23 applied to interest and $128.77 applied to principal in a 31 day month. Maximum rate is 18%.