Fixed 4.00%APR*, 7 Year Term, $499 Closing Costs!
At Citizens National Bank, our objective is to help you achieve your financial goals and do more with your money. That is why we are pleased to offer the new Achieve Mortgage.
With an interest rate of 4.00% APR* and closing costs capped at $499, you will own your home in just 7 years and save thousands of dollars in interest!
Example:
With 15 years left on a $200,000 30 year mortgage with an interest rate of 6.00% APR* you would owe $142,098 on the principal balance of the loan, with payments of $1199 per month.
$1199 x 12 months = $14,388 per year x 15 years = $215,820
By refinancing into a Citizens National Bank’s Achieve Mortgage your loan payments would be set at $1942 per month for 7 years. Payment does not include amounts for taxes and insurance premiums which could make the actual payment obligations greater.
$1942 x 12 months = $23,304 per year x 7 years = $163,128
Saving you $52,692 over the life of the loan!
Imagine what you could do with the money you keep - take that dream vacation, invest for retirement, make improvements to your home, or buy a new vehicle. The possibilities are endless!
*Annual Percentage Rate.
80% loan to value maximum. Minimum loan amount of $50,000. Closing cost does not include prepaid interest or escrows for taxes and insurance. Minimum 700 credit score. No balloon payments allowed. Cash
out allowed. Owner occupied residences only. Payment amount does not include amounts for taxes and insurance premiums, which could make the actual payment obligations greater. Consult a tax advisor for
deductibility of interest and charges. Subject to credit approval. No other specials apply. Offer expires September 7,2010.
