Barre Savings Bank: Mortgage Rates

Home Equity Rates
If you’re a homeowner, you can use the equity you have built up in your home to secure possibly the lowest-rate financing available. And, whether you select a variable-rate Home Equity Line of Credit or a fixed-rate Home Equity Loan, the interest may be tax-deductible (check with your tax advisor).

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Program	APR
Home Equity Line of Credit* (Effective: June 2, 2009)
Prime	3.250%
*Annual Percentage Rates (APRs) subject to change. The APR is variable based on the Wall Street Journal PRIME rate as published on the first business day of the month (currently 3.250%). Maximum 18% APR .Floor Rate is 4.99%. Minimum line amount $10,000.00 for new customers - maximum line amount $350,000.00. Available equity is 80% of the appraised value less the balance of any first mortgage. A prepayment penalty equal to the waived closing costs if line is closed within three years. Homeowners insurance is required. Restrictions may apply. Conversion fee of $250.00 may apply. Consult your tax advisor for deductibility of interest.

Program	Term	APR	Monthly Payments per $1000 borrowed
Home Equity Loan* (Effective: September 7, 2010 )
Fixed Rate Equity Loan	1-3 years	5.303%	$30.08
	4-5 years	5.783%	$19.22
	6-10 years	6.018%	$11.10
	11-15 years	6.263%	$8.57
*Annual Percentage Rate (APR)subject to change. Closing costs may apply. Payments are based on the maximum allowable term. Maximum loan amount: $350,000.00. Save an additional .25% with automatic payment from a Barre Savings Bank account.

For more information
To find out more about our products and services, please use our information request form, give us a call, or visit one of our offices.