With rates at an all time low and affordable home prices, the dream of home ownership has never been so obtainable! At Clinton Savings Bank, in Clinton Massachusetts, our home mortgage expert, John Ryan, is ready to help you turn your dream of homeownership into a reality.
We offer a variety of home mortgages to fit your unique situation, including:
We invite you to find out more information by contacting our mortgage experts, John Ryan or Mark LaMountain. If you have a minute why not prequalify for free right now>>
Fixed Rate Mortgages
A fixed rate mortgage provides you with the security of a monthly payment that doesn't change. Fixed rate loans are one of the most popular loan options today.
30 yr. - By choosing a 30 year fixed rate loan, you will have the lowest monthly payment of all the fixed rate loans we offer.
20 yr. - By choosing a 20 year fixed rate loan, you will have the monthly payment that is greater than the 30 year fixed rate, but you will be building equity in your home faster.
15 yr. - Choose a 15 year fixed rate loan if you're comfortable with a higher payment and you will have the benefit of substantial interest savings.
10 yr. - If you're comfortable with a higher payment and wish to pay off your loan quickly - the 10 year fixed rate loan may be exactly what you are looking for.
Variable (Adjustable) Rate Mortgages
An adjustable rate mortgage has a monthly payment that may change over the term of the loan.
For more general information about Adjustable Rate Mortgages, click here to review a copy of the Consumer Handbook on Adjustable Rate Mortgages.
3/3 - With our 3 Year Adjustable Rate Mortgage, your payment won't change for the first three years of the loan and then can change every three years based on market conditions, subject to the specific terms of the loan.
5/1 - With our 5 Year Adjustable Rate Mortgage, your payment won't change for the first five years of the loan and then can change each year based on market conditions, subject to the specific terms of the loan.
7/3 - With our 7 Year Adjustable Rate Mortgage, your payment won't change for the first seven years of the loan and then can change every three years based on market conditions, subject to the specific terms of the loan.
Choose your term - with rates as low as 3.25% APR**, no points and no closing costs, you could be mortgage free a lot sooner than you thought.
**Annual Percentage Rate (APR). Rate as of December 3, 2011 and subject to change without notice. Includes a 0.50% discount with electronic loan payments from a Clinton Savings Bank checking account. A 5-year term with an interest rate of 3.25% is repayable in 60 monthly installments (P&I) of $18.08 per each $1,000 borrowed. Your payment does not include taxes and insurance. Payments may be greater if secured by a first lien. Other rates and terms available. Available on owner occupied single family residence only. Maximum Loan to Value of 80%. Loan(s) subject to credit approval. Please note the actual interest rate and fees available to you will be based on your credit history and loan to value ratio and may be different than the rate displayed here. Offer may not be combined with any other promotional offer. Offer maybe withdrawn at any time.
Mortgages for First-time Homebuyers
Clinton Savings Bank offers a suite of 5/1 Adjustable Rate Mortgage products to meet the needs of most first-time homebuyers. Choose from competitive rates, no points/no closing costs, even no Private Mortgage Insurance (PMI) options- credits may also be available at closing!
Clinton Savings is also a participating lender for MassHousing first-time homebuyer loans.
JUMBO Mortgages...end with a Dream Home!
Buying or refinancing a home means putting all the pieces together. At Clinton Savings Bank, we have the Jumbo Mortgage that fits your dreams. If you’re looking to borrow more than $417,000 and want a competive rate, come see us now - we can put together a great Jumbo Mortgage for you. And because we’re local, we work with local appraisers, attorneys and brokers to make sure we give you an informed decision right away.
Contact our resident Mortgage Rescue Expert, John Ryan, today to discuss how to:
For even more information on your home mortgage options in Massachusetts to discuss with John or Mark, check out Save our Neighborhoods @ www.ci.worcester.ma.us or the MA Housing Partnerships SoftSecond Loan Program @ www.mhp.net or www.chapa.org.
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