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Mortgages
County Savings Bank can help you attain the home of
your dreams by eliminating the guesswork and finding you the mortgage
loan that fits your needs. Whether you’re a 1st Time Home
Buyer, refinancing, buying or building your home, we have a product
that’s right for you. We know that your home is one of your biggest
investments, and our loan officers will be happy to meet personally with
you to discuss your loan options.
Some Features Include:
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Conventional and Adjustable Rate Mortgages with
amounts up to $500,000.00 on 1-4 family owner occupied properties in
Pennsylvania, New Jersey and Delaware.
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Standard
15 and 30 years terms (Other terms may be available)
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Pre-Qualification Certificates
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Zero, Two and Three Point Loan Rates
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Low Fees and Fast Approvals
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Cash-out Refinancing
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Jumbo
Mortgages ($322,700.00 or greater)
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Mortgage Insurance available on loan with an LTV
of 81% or greater
With a County Savings Bank fixed-rate mortgage loan,
the interest rate and monthly principal payments are established at the
onset of the loan, and remain constant for the full term. The ease of
fixed payments1 gives you the ability to budget your expenses
knowing that your largest financial obligation remains the same from
month to month. Fixed Rate Mortgages are most attractive to consumers
who have a fixed income, plan to remain in their current home for an
extended period of time or want to take advantage of the current
interest rates.
1 Fixed Payments refers to principal and interest payments only.
Escrow payments may change annually due to increases in real estate
taxes.
During the term of the loan, the interest rate on
an adjustable rate mortgage loan may increase or decrease in
accordance with an index reflecting prevailing interest rates.
Typically, the initial interest rate is lower than the fixed rate and
this may appeal to consumers who plan to occupy their home for a limited
amount of time or those who desire a lower initial interest rate;
however, the interest rate can change. Adjustable rates do feature an
interest rate cap to protect against rapidly increasing interest rates.
These rate caps control the fluctuating interest rates on your loan by
limiting the amount of increase or decrease permitted at each adjustment
period as well as limiting the amount of increase or decrease in the
interest rate for the term of the loan.
Home Equity Loans
Unlock the value of your home. The equity you’ve
built in your home can work for you. If you have been planning to take
that long awaited vacation, make life more comfortable with home
improvements, consolidate those high rate debts that never seem to go
away, or put some money away for education expenses, a County Savings
Bank Home Equity Loan can help. Whatever the reason, we have an equity
loan for all your borrowing needs.
With Home Equity loans, you borrow a fixed amount
at a low fixed rate, repaying it over time in easy monthly
installments. The maximum loan amount is determined by your ability to
pay as well as the current value of your home.
Home Equity Loans offer a convenient way to tap the
value of your home when you need it:
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Loan minimum as low as $2,500.00
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Borrow up to 80% of the value of your home less
your mortgage balance and any other recorded home equity loans
(special financing may be available for loans with a 81-89% loan to
value ratio)
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½ % rate reduction with autopay (loan payments
are automatically withdrawn from your County Savings Bank checking
account or statement savings account.)
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Fixed monthly payments
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Interest rates based on amount financed and term
of loan
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Choose from terms up to 15 years
Home Equity Lines of Credit
Now is the time to think about taking advantage of
the equity in your home with our low interest rate Home Equity Line of
Credit. Imagine having a cash reserve that you can access whenever you
need it simply by writing a check or making an over-the-counter advance
at one of our branches. You can use the money any time you want for
anything you want. Best of all, you are only paying interest on the
amount that you use, and as you pay back the principal, that money
becomes available to you again.
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Repayment
term is based on an amortization period of 10 years
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Loan minimum $5,000.00
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Borrow up to 80% of the value of your home less
your mortgage balance
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Interest Rate is equal to the Prime Rate
published in the Wall Street Journal
Auto Loans
A County Savings Bank Auto loan can help you obtain
the new or used automobile you’re thinking about purchasing. Taking
time to find the car of your choice is not an easy process, but choosing
to finance that car with County Savings Bank is. Turn to us for fast
approvals, competitive rates, flexible terms and the personal service
you deserve. You’ll soon be signing on the dotted line and driving away
in the car you want.
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Loan minimum is $2,500.00
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Borrow up to 80% of the Kelley Blue Book used car
retail value
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Borrow up to 80% of the new car ticket price
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½
% rate reduction with autopay (loan payments are automatically
withdrawn from your County Savings Bank checking account)
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Fixed monthly payments
Other Loans
At County Savings Bank we’re always striving to
serve our customers better. We offer loans to fit your individual
needs. Please contact a loan officer at either the Essington Branch or
the Milmont Park Branch for further information.
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