More Mortgage Rates and Mortgage Calculator Payments for Connecticut

In order to apply the mortgage calculator to determine monthly mortgage payments and the impact of refinancing on a mortgage loan, the current mortgage rates must be used.  For residents of Eastern Connecticut, the mortgage rates offered by the Savings Institute Bank & Trust Company can be a source for current and competitive mortgage rates.

Savings Institute Bank and Trust Company is a community financial institution located in eastern Connecticut.  SI Financial Group, Inc., publicly traded on the NASDAQ Global Market under the symbol “SIFI,” is the parent holding company of Savings Institute Bank and Trust Company.  The Savings Institute Bank & Trust Company offers a full range of financial services to individuals including a vast selection of mortgage rates and terms.

The bank’s loan portfolio includes commercial, construction, and consumer installment loans, residential mortgages and home equity lines of credit.  And of special interest to consumers over the age of 62 are reverse mortgages.  Mortgage loan applicants can apply for first mortgages on-line. The bank also has 22 bank branches to assist those home loan applicants who wish to apply in person

A traditional 30 year fixed rate mortgage is currently being offered at 5.00% with no points and a 5.0545 APR.  The monthly mortgage payment on a $300,000.00 home loan, using the mortgage calculator, would be $1,610.46.

The 15 year fixed rate mortgage has a rate of 4.625% and an APR of 4.717%.  The mortgage calculator calculates a monthly mortgage payment of $2,314.19 for a $300,000.00 loan.

For those home mortgage applicants searching for an adjustable rate mortgage, the bank offers a 3/1 ARM with a rate of 4.625% and a 3.565% APR.  A $300,000.00 mortgage loan with this rate would have a monthly mortgage payment of $1,542.42 based on the mortgage calculator.

Rates are subject to change without notice.  These rates are valid for mortgages up to $417,000 for single family, owner-occupied homes.   The mortgage loan APR may increase or decrease after consummation of loan.  Call the Savings Institute Bank and Trust Company to obtain today’s mortgage rates and additional mortgage loan information at 860-423-4581.  More information is available on the bank website at www.mysifi.com.

Tags: mortgage calculator, mortgage payment calculator, mortgage rates

This entry was posted on Tuesday, January 20th, 2009 at 12:23 pm and is filed under Mortgage Ads and Promotions. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.