The Annual Percentage Rate (“APR”) calculations are based on typical prepaid finance charges for a $350,000 First Mortgage or a $100,000 Home Equity Fixed Term loan. Actual charges may vary based on the loan terms.
1Annual Percentage Rate (“APR”). APR calculations are based on a loan amount of $350,000 and reflects fifteen (15) days of prepaid interest, application fee and estimated flood certification fee. Actual charges may vary based on the loan terms. Rates are in effect as of 9/11/2019. Rates, terms and programs are subject to change without notice. Based on the APR shown, your estimated monthly payment of principal and interest would be $1,600.97 for a 30 year fixed rate for loans up to $726,525 and $2,480.66 for the 15 year fixed rate shown. These payments do not include real estate taxes or insurance premiums. The actual payment obligation will be greater. Property insurance is required and flood insurance may also be required. Rates are valid for one to four family, owner-occupied primary and secondary residences in New Jersey. All residential loans are subject to underwriting standards and credit approval. Additional terms and conditions may apply. Other rates and terms are available.
2 Adjustable Rate Mortgage (“ARM”) loans are based on the Treasury Note Rate Constant Maturity weekly average. The 10/1 ARM is based on the 10 Year weekly average. Rates are set at time of Commitment and not at application.
3 Variable rates may increase. Maximum APR 18%.
4 CO-OP loans are limited to Mariner’s Bank pre-approved CO-OP complexes. Contact us for more information.
All residential loans are subject to underwriting standards and credit approval. Rates, terms, and programs are subject to change without notice. Additional Terms and Conditions may apply. Contact Mariner’s Bank at (201) 224-9110 or marinersbank.com/contact for more information. NMLS #740688 Member FDIC, Equal Housing Lender. Bauer Financial, Inc. is the nation’s leading independent bank and credit union rating firm, www.bauerfinancial.com