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MORTGAGE INTEREST RATESEffective NOVEMBER 20, 2009(Rates Subject To Change Without Notice) |
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| Loan Type | Rate | Points | Est. APR | Prin. and Int. |
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| CONVENTIONAL FIXED RATE LOANS | ||||
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Due to increased volatility in the pricing of Fixed Rate Conventional Loans we are temporarily suspending the posting of loan rates for 15 Year through 30 Year Conventional Fixed Rate Loans. Please contact one of the following Mortgage Loan Officers who will be happy to determine the lowest available rate for your specific situation: Sharon Tuel 903-237-5572 Or call any of the above toll-free at 1-800-263-7013, then press Option #6
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FHA Fixed Rates (Payments and APR's Based on $100,000 Loan Amount) | ||||
| 15 Year Fixed* | 4.500 |
0.0000 |
5.0410 |
764.99 |
| 30 Year Fixed* | 5.250 |
0.0000 |
5.8740 |
552.20 |
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Call for Interest Rates on Loans Under $100,000 *Final Loan Rates and APR's on Fixed Rate Loans may be higher or lower than the rates shown above or published in, or quoted by, any source or medium by Texas Bank and Trust Company or its representatives or agents. Rates, APR's and points may be adjusted based on several factors, including loan amount, occupancy status, state in which the property is located, property type, loan-to-value ratio and your credit score. | ||||
| First-Time Homebuyer Program | ||||
| (Grants for downpayment or closing cost assistance may be available) | ||||
| Payments and APR Based on $85,000 LOAN AMT | ||||
| 30-YR Fixed Rate | 5.500 |
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| Income limits apply. Applicants must complete a Homebuyer Education Course. Reduced closing costs. Maximum loan amount $85,000. Maximum Loan-to-Value 90%. PMI not required. | ||||
| HOME EQUITY LINE-OF-CREDIT | ||||
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TEXAS EQUITY FLEXLINE | ||||
| Payments and APR Based on $25,000 LOAN AMT | ||||
| 1st Year Monthly Payments of Interest Only. | 5.0000 |
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| Years 2-10 Monthly Payments of Interest Only. | 5.0000 |
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| Years 11-20 Monthly Payments of Principal and Interest. | 5.0000 |
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Quoted Rates on the Texas Equity Flexline reflect Current Prime Rate for the first year of the draw period. Floor Rate is 5.00%.
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| HOME EQUITY AND HOME IMPROVEMENT LOANS | ||||
| Payments and APR Based on $25,000 LOAN AMT | ||||
| 3-YR ARM - 15-yr Amortization2 | 5.8750 |
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| Fixed Rate to 5 years | 5.8750 |
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| Fixed Rate over 5 to 10 years | 6.8950 |
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| Fixed Rate over 10 to 15 years | 6.9950 |
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Minimum Loan Amount $10,000 on Home Equity Loans and Home Improvement Loans
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| INTERIM CONSTRUCTION LOANS | ||||
| APR based on $175,000 loan amount and 12 month term. | ||||
| FIXED RATE, 6-12 MONTH TERM | 4.7500 |
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. 1The "Index" on the Texas Equity Flexline is the Prime Rate as published in the Money Rates Section of the Wall Street Journal, Southwest Edition, and referred to as the base rate on corporate loans at U. S. Money Center commercial banks. No caps. Maximum Rate is 18.00%. Floor Rate is 5.00%. |
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For more information on Mortgage Loans please contact: |
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Sharon Tuel (903) 237-5572 (Longview-Downtown)
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