Let me make it clear about Mortgage Products

No Bank Fees – Check the APR!

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

Doing your research? Make certain you are accurately comparing costs. The APR (apr) will help. The APR is needed to add fees that are certain banking institutions want to include with 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 assist.

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 with Land Loans
Land just Loans
Home Equity Loans
Home Equity personal lines of credit

Biweekly Fixed Rate Loans

Our signature mortgage item. 1 / 2 of a month-to-month homeloan payment is taken immediately from your KSB bank checking account every fourteen days, causing significant interest cost cost cost savings, taking years from the life associated with the home loan.

These prices assume a 20per cent advance payment. Call us for any other choices.
Payment quantities don’t add fees and insurance coverage so that the payment that is actual may be greater.

Term Interest APR* 10 3.000 12 months% 3.000% With that loan quantity of $100,000, you could have 237 biweekly re re re re payments of $482.80 (having to pay off in just 9 years and 2 months). 15 12 Months 3.500% 3.500% With that loan quantity of $100,000, you could have 352 biweekly re re payments of $357.44 (paying down in mere 13 years and a few months). 20 12 Months 3.750% 3.750% With that loan quantity of $100,000, you will have 463 biweekly re payments of $296.44 (paying down in just 17 years and 9 months). 30 12 Months 3.950% 3.950% With financing level of $100,000, you could have 674 biweekly re re payments of $237.27 (paying down in mere 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 advance payment. E mail us for any other options.
Payment quantities try not to add fees and insurance coverage and so the payment that is actual is supposed to be greater.

Term Interest APR* 10 3.250 12 months% 3.250% With financing level of $100,000, you might have 120 monthly obligations of $977.19 online payday loans Herefordshire

15 3.750 12 months% 3.750% With that loan quantity of $100,000, you might have 180 monthly obligations of $727.22. 20 12 Months 4.000% 4.000% With financing level of $100,000, you would have 240 monthly premiums of $605.98. 30 12 months 4.250% 4.250% With that loan number of $100,000, you will have 360 monthly obligations of $491.94.

30 Year Adjustable Price Mortgages

For people likely to retain their home loan for a somewhat little while of the time or wish the attention to modify (according to market prices), you can expect a range of four adjustable price mortgages that offer reduced initial monthly obligations and caps in the rate of interest.

These prices assume a 20per cent advance payment. Call us for any other choices.
Payment quantities try not to consist of fees and insurance coverage therefore the actual payment responsibility would be greater.

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

With that loan quantity of $100,000, you could 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 predicated on a margin and index. The existing rate that is fully-indexed 3.125%, which will bring about 276 re re payments of $433.98.

10/1 ARM 3.750% 3.508%

With financing quantity of $100,000, you could have 120 monthly premiums of $463.12 during the initial interest of 3.750per cent. The price would then adjust every based on a margin and index year. The existing fully-indexed rate is 3.125%, which may end up in 240 payments of $438.11.

First-Time Homebuyer & Veteran Loans

Make a lesser advance payment as a qualifying first-time homebuyer or 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 designed to help low-to-moderate earnings candidates; talk to one of our loan providers to see in the event that you qualify.

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

Construction Loans

Just pay interest during construction, with a seamless change (with no additional closings) into a normal mortgage that is residential.

Different loan terms available. Construction loans need a fee that is additional on construction expenses additionally the loan quantity; e mail us for details. Approved basic specialist needed.

Seasonal Homes

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

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 Or Apartment With Land Loans

For mobile houses on fundamentals.

Various 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 should be completely connected to secure.

Land Loans

For land-only purchases with variable rates of interest.

Various loan terms and adjustable repayment choices (3/3 supply or 5/1 supply) available.

Residence Equity Loans

Use the equity that is existing have actually at home today. House equity term loans offer a hard and fast price choice that funds you the coziness of once you understand your re re payment will continually be the exact same.

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

Residence Equity Personal Lines Of Credit

An option that is excellent your own future borrowing requirements by providing the capacity to access the equity you have got at home when you need it; also choose the manner in which you wish to repay it.

Various re payment solutions.

* APR = apr.

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