GUARANTEED LOWEST RATES IN NEW ENGLAND AND FINANCING UP TO 103%!
Residential Mortgage Rates
(These rates are not available at this time.)
Commercial Mortgage Rates
We've done all the loan shopping for you and have over 750 lenders' commercial loan programs available. Our programs include industrial, retail, hospitality, mixed use, 5+ unit residential and most other types of commercial property. FLEXIBLE underwriting guidelines.
Fixed Rate:
5 Year Balloon, 5 Year Amortization 5.85 % 0 Points
15 Year Balloon, 15 Year Amortization 6.29 % 0 Points
Adjustable Rate:
5 Year 5.35 % 0 Points
5/30 5.35 % 0 Points
Line Of Credit:
Prime + 1.10 % 0 Points
Security Based Loan Rates
Loans secured by your stocks, bonds, options and mutual funds. NO processing fees or closing costs. Quick closings.
Fixed Rate:
3, 5, 7 and 10 year terms. 3% - 5% rates.
(These are a sample of our MANY, MANY choices. Rates and terms are subject to change at any time without notice and/or may be different based on market conditions, credit score, loan amount, property type and LTV.)
How do these rates compare to our competition?
It's financially impossible for any bank, credit union or mortgage company in our Northeast originations territory to beat our rates. We originate or refer mortgage loans for all of the major national wholesale lenders. The expensive retail branch system overhead is eliminated. That translates into high volume and low overhead, which means low rates for our customers and the quality and service of a major lender! Remember, just 1/8th of a percent difference in rate can cost you thousands of dollars more!
What is the difference between the interest rate and the A.P.R.?
You'll see an interest rate and an Annual Percentage Rate (A.P.R.) for each mortgage loan you see advertised. The easy answer to "why" is that federal law requires the lender to tell you both. The A.P.R. is a tool for comparing different loans, which will include different interest rates but also different points and other terms. The A.P.R. is designed to represent the "true cost of a loan" to the borrower, expressed in the form of a yearly rate. This way, lenders can't "hide" mystery fees and upfront costs behind advertised rates like Ditech's "Ditech Fee".
While it's designed to make it easier to compare loans, it's sometimes confusing because the A.P.R. includes some, but not all, of the various fees and insurance premiums that accompany a mortgage. And since the federal law that requires lenders to disclose the A.P.R. does not clearly define what goes into the calculation, A.P.R.s can vary from lender to lender and loan to loan.
The A.P.R. on a loan tied to a market index, like a 5/1 ARM, assumes the market index will never change. But ARMs were invented because the market index changes and makes fixed rate loans cheaper or more expensive to make -- that's why they're variable rate in the first placed!
So, A.P.R.s are at best inexact. The lesson is that A.P.R. can be a guide, but you need a mortgage professional to help you find the truly best loan for you.
Note when you're browsing for loan terms that the A.P.R. will not tell you about balloon payments or prepayment penalties, or how long your rate is locked. Also, you'll see that A.P.R.s on 15-year loans will carry a higher relative rate due to the fact that points are amortized over a shorter period of time.
