It was a great week for mortgage activity. 30 year fixed rate mortgages, 15 year fixed rate mortgages, 5 year hybrid adjustable rate mortgages and one year Treasury based adjustable rate mortgages all saw reductions in rates. With those reductions in rates came a jump in mortgage originations. For residents of Rhode Island one bank in which to consider applying for a mortgage is Centreville Bank.
Centreville Bank offers a solid array of mortgage products that fit most individual’s needs. The bank has mortgage products with no application fees or underwriting fees and mortgage products with no points and no closing costs.
The current promoted rate from Centreville Bank for a 15 year fixed rate mortgage is 4.878% with no points. The bank also offers a 15 year fixed rate mortgage with rate of 4.625% and one point that has an APR of 4.780%. For those home loan borrowers who want a no point and no closing cost mortgage, there is a 15 year fixed rate mortgage with an APR of 5.375%.
Centreville Bank does not bundle their mortgages with dozens of others, and sell them to larger banks. Your mortgage stays right here for your convenience, the bank looks at mortgage closings as the beginning of a long relationship, not the end of a transaction.
Interest rates are subject to change additional conditions may apply. Other terms and rates are available. Products are available in the banks assessment area. A mortgage loan officer can be reached at, 401-823-6077. The bank maintains with several mortgage terms and interest rates at www.centrevillebank.com.
APR calculations are based on a 20% down payment. Additional down payment options as low as 5% are available. Down payments of less than 20% may require private mortgage insurance, which could increase the APR and the monthly payment.
No user commented in " Great Mortgage Rates in Rhode Island "
Follow-up comment rss or Leave a TrackbackLeave A Reply