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					On the right course




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                         MORTGAGE                                                                                                                                                                                   Loans




                               Your homeport is a special place, isn’t it? With great deals in the housing market these
                               days coupled with historically low rates, it’s a fantastic time to be considering buying a new home or now may
                               be the ideal time to refinance your existing home. Salem Seaport CU has many different home loan products
                               and we’ll walk you through the process; it’s our personalized, one-on-one service that you’ll especially value.
                               Whether you’re a first-time homebuyer or you’re looking to refinance your current mortgage, let us show you
                               the many ways we can keep you on the right course.



                                       10-Year Mortgage
                                       3.75% | 3.814%APR                                                                                       *

                                       0 Points
                                       15-Year Mortgage
                                       3.99% | 4.034%APR                                                                                       **

                                       0 Points

                      *Annual Percentage Rate 3.814% as of 02/22/2011. Based on a $100,000 loan with 80% LTV. Cost per 1,000 is $10.01. Offer subject to credit approval.
                      Rates subject to change without notice. Other terms and rates available. Fixed rate mortgages. Maximum loan amount $417,000. Living or working in Essex County makes you eligible for membership.
                      **Annual Percentage Rate 4.034% as of 02/01/2011. Based on a $100,000 loan with 80% LTV. Cost per 1,000 is $7.39. Offer subject to credit approval. Rates subject to change without notice. Other terms and rates
                      available. Fixed rate mortgages. Maximum loan amount $417,000. Living or working in Essex County makes you eligible for membership.
Salem Seaport Credit Union has competitive rates and lots of advantages.
They include:
   • Truly personalized service, from application to closing
   • Traditional mortgage loans
   • First-Time Homebuyer Program designed to help families with low-to-moderate income
     become homeowners

Fixed-Rate Mortgages—When it comes to buying a single-family home, a condo or even a vacation property,
every member’s needs are different. That’s why we offer a number of solutions to custom fit your buying or refinancing
requirements. With our Fixed-Rate Mortgages, you get:
     • Terms of 10, 15, 20 and 30 years.
     • Rates that remain constant over the life of the loan.
If you have a higher-interest-rate mortgage on your current home, refinancing now can save thousands of dollars over the
life of your loan. Let Salem Seaport Credit Union help you get into the home of your dreams or save money on the dream
you’re already living.

First-time Homebuyer Program—If you’ve been considering taking the next step toward owning a home, the
Salem Seaport Credit Union First-time Homebuyer Program can help you get there—even if you don’t think you have the
down payment you need for a traditional loan. We know that buying a new home can be both exciting and
intimidating, so we’ll guide you through every step of the process. Our First-Time Homebuyer Program is designed to:
     • Help families with low to moderate incomes enjoy the benefits of becoming homeowners.
     • Offer below-market rates with no closing costs, special down-payment considerations and
       flexible underwriting guidelines.
The program is offered to first-time homebuyers only and for the purchase of a one- to three-family, owner-occupied
home. Certain restrictions apply.




Stop by our Lafayette Street office (across from Salem State University) and talk to one of our
Mortgage Specialists to find out which program is right for you. You can make an appointment
by calling us at 978.744.1153 or emailing us at info@seaportcu.org.
30 -YEAR FIXED RATE MORTGAGE*
Rates        Points     APR                                                                       *
                                                                                                   Pmt Per $1,000
4.625%       0          4.671%                                                                    $5.14

20- YEAR FIXED RATE MORTGAGE*
Rates        Points     APR                                                                       *
                                                                                                   Pmt Per $1,000
4.375%       0          4.438%                                                                    $6.26

15 -YEAR FIXED RATE MORTGAGE*
Rates        Points     APR                                                                       *
                                                                                                   Pmt Per $1,000
3.500%       0          3.544%                                                                    $7.15

10 -YEAR FIXED RATE MORTGAGE*
Rates        Points     APR                                                                       *
                                                                                                   Pmt Per $1,000
3.375%       0          3.438%                                                                    $9.89
*Based on a $100,000 loan with 80% LTV. Offer subject to credit approval. Rates subject to change without notice. Other terms & rates available. Maximum loan amount $417,000. Fixed rate mortgages. Must
live or work in Essex County to be eligible for Membership.



 OTHER FIXED-RATE TERMS & RATES AVAILABLE.
**

Please call, 978-744-1153 or email, loans@seaportcu.org

				
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