|
|
 |
|
|
|
5 YEAR FIXED TERM
WITH EPAY
MINIMUM LOAN $10,000
|
7 YEAR FIXED TERM
WITH EPAY
MINIMUM LOAN $10,000
|
|
|
|
Additional products you may be interested in |
|
| † |
Check with your tax advisor regarding tax deductibility. |
|
| * |
To get the APRs shown, you must have or open a Sovereign checking or money market savings account and use automatic payment (ePay) from that account. The APR and payment on your loan may increase after you obtain credit if automatic payment is discontinued. The APRs shown assume that your loan term will be 60 or 84 months, your Sovereign home equity loan will be in first or second lien position at the time of loan closing and that your total mortgage loans, including the home equity loan, will not exceed 80% of the appraised value of your 1-4 family owner-occupied residential property in MA, RI, CT, NH, NJ, PA, DE, ME, VT, or DC. Other rates and terms apply to investment properties. Property insurance is required. Flood insurance may be required. Payment example on $10,000 at 4.24% for 60 months is $185.25. Payment example on $10,000 at 4.99% for 84 months is $141.29. Rates and other terms accurate as of 3/19/11 and are subject to change thereafter. Applications are subject to credit approval. The minimum loan amount is $10,000 and the maximum loan amount is $750,000. If your home is on the market for sale at the time of application, you are not eligible for this offer. |
|
| * |
To get the APRs shown, you must have or open a Sovereign checking or money market savings account and use automatic payment (ePay) from that account. The APR and payment on your loan may increase after you obtain credit if automatic payment is discontinued. The APRs shown assume that your loan term will be 60 or 84 months, your Sovereign home equity loan will be in first or second lien position for MD properties and second lien position for NY properties at the time of loan closing and that your total mortgage loans, including the home equity loan, will not exceed 80% of the appraised value of your 1-4 family owner-occupied residential property in MD or NY. First lien loans are not available in NY. Other rates and terms apply to investment properties and NY co-ops. Property insurance is required. Flood insurance may be required. Payment example on $10,000 at 4.49% for 60 months is $186.38. Payment example on $10,000 at 5.24% for 84 months is $142.47. Mortgage recording tax will be paid by Sovereign, but must be reimbursed if the loan is paid off within 36 months. Rates and other terms accurate as of 3/19/11 and are subject to change thereafter. Applications are subject to credit approval. The minimum loan amount is $10,000 and the maximum loan amount is $750,000. If your home is on the market for sale at the time of application, you are not eligible for this offer. |
|
|
Your privacy is important to us. The email form in this section of the Website is not secure, so please do not submit any information you consider confidential such as Social Security Number or Account Numbers. Please include name, address, and telephone number so we may respond to you.
|
|
|
Be sure to call our loan rate hotline at 877-4-SOV-LOAN or email us at sdnet@sovereignbank.com for rate confirmation. You should consult with your tax advisor concerning tax implications. |
|
|
The rate and payment calculations provided herein are based on answers you provided and assumptions that may include:
1. That this property is your primary residence
2. That you would like to receive the lowest rate possible by having your monthly payments automatically deducted from your qualifying Sovereign Bank deposit account through electronic payment
3. The estimated value of your home
4. Remaining balances on your first mortgage
5. That there are no other mortgages currently on this property
Loan or line of credit amount quoted is solely based on equity assumed to be available in your home and does not consider other qualifying factors. The maximum amount we can lend you depends on the value of your home, your income, amount of debt, credit history and other factors. All applications are subject to credit approval. This is not an offer of credit, and is intended for informational purposes only.
A formal application for credit is needed to allow Sovereign Bank to make an offer of credit. Rates and other terms are accurate as of the date indicated above, and are subject to change thereafter. |
|
|
|
|
Equal Housing Lender - Member FDIC
Printer-friendly format
