Wisconsin Closing Cost Specials

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ADJUSTABLE RATE MORTGAGES

ARM Loan ProgramRateAPR**Terms
5 year adjustable (5/1 ARM)3.875%3.900%No closing costs - SSB pays 100%
7 year adjustable (7/1 ARM)4.125%4.010%No closing costs - SSB pays 100%
Loan amount: $150,000.00 or greater
ARM Loan ProgramRateAPR**Terms
5 year adjustable (5/1 ARM)3.875%3.900%Max. closing costs paid by SSB - $1,000.00
7 year adjustable (7/1 ARM)4.125%4.010%Max. closing costs paid by SSB - $1,000.00
Loan amount: $100,000.00 to $149,999.00
ARM Loan ProgramRateAPR**Terms
5 year adjustable (5/1ARM)3.875%3.900%Max. closing costs paid by SSB - $500.00
7 year adjustable (7/1 ARM)4.125%4.010%Max. closing costs paid by SSB - $500.00
Loan amount: less than $100,000.00

 

*Promotion is for a limited time only and is subject to change or be discontinued at any time. All loans are subject to credit and underwriting approval.  For Wisconsin properties only. The covered closing costs do not include prepaid interest or escrow reserves.
**APR = Annual Percentage Rate

ARM Loans (for the closing cost special only): For adjustable-rate loans, your monthly principal and interest payment will be fixed for a period of time, and then may change based on annual interest rate adjustments. Before choosing an ARM, you should decide if you can manage the maximum estimated payment if the rate increases. To fully understand minimum and maximum payments, please speak to one of our mortgage loan officers.  The rate of the 5 year adjustable rate loan will be calculated based on the index of the 1 year T-Bill, plus a margin of 2.875%.  After the initial fixed rate period, the rate may adjust.  The new rate for the 5 year adjustable rate loan will be calculated based on the index of the 1 year T-Bill, plus a margin of 2.875%.  The maximum rate over the life of the loan is the original rate plus 6%.  The new rate for the 7 year adjustable rate loan will be calculated based on the index of the 1 year T-Bill, plus a margin of 2.875%, plus a premium of .25%.  After the initial fixed rate period, the rate may adjust.  The new rate for the 7 year adjustable rate loan will be calculated based on the index of the 1 year T-Bill, plus a margin of 2.875%.  The maximum rate over the life of the loan is the original rate plus 6%.

 – Up to a 30 year amortization.

 – NMLS #433894

 


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