Copyright © 2008 The Simsbury Bank & Trust Company. All Rights Reserved.
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AVON
Robin DiNicola
27 Dale Rd.
860.676.2265 |
BLOOMFIELD
Ken Sklodosky
864 Cottage Grove Rd.
860.286.9400 |
GRANBY
Jocelyn Mitchell
11 Hartford Ave.
860.844.2166 |
SIMSBURY
Terry Boulton
981 Hopmeadow St.
860.658.2265 |
Mortgage Loan Officers
Kevin Belmonte – 860.670.1151
Jay Danillowicz – 860.251.0163
Paul DiSpirito – 860.604.1634
Joe Gonzalez – 860.604.7365
Sherrie Secondo Krawczyk – 860.919.5864
Shawn Martin – 860.748.0498
Kelly Meuser – 860.402.2153
Call or visit any branch for more information.
Today’s Rates
Apply OnlineLearn About All Home Equity Loans
and Lines of Credit Available
Email us with any questions you might have about a home equity line of credit. |
| * APR = Variable Annual Percentage Rate based on the Wall Street Journal “prime rate” (“prime”), 3.25% as of 6/7/2011. Maximum APR 18%, minimum APR of 2.75%. Margin is prime minus 1/2%. Draw period is 10 years; repayment period is 10 years. Rate subject to change during life of loan. If you make interest-only payments during the draw period, then at the start of the repayment period your monthly payment will increase because you must now pay back the principal as well as interest. To qualify for 2.75% rate borrower must have or open a Pinnacle or Pinnacle Plus Checking Account and have a credit score of 740 or greater; rate and minimum APR is 3.49% for Pinnacle customers with a credit score of less than 740. Pinnacle Account requires $15,000 in personal deposit balances; Pinnacle Plus Account requires combined balances of $25,000 in outstanding fixed home equity loan, home equity line, auto loan or personal deposits. Pinnacle and Pinnacle Plus Accounts require a debit card, online banking and e-statements. Pinnacle Plus customers receive free ATM usage at ATMs across the U.S. Any Pinnacle relationship waives the annual home equity line of credit fee of $35.00; fee waiver ends if Pinnacle relationship requirements are not maintained. Rate and minimum APR is 2.99% if borrower has or opens a Simsbury Bank checking account with online banking, e-statement delivery and debit card and has a credit score of 740 or greater; rate and minimum APR is 3.49% if credit score is below 740. Rate and minimum APR is 3.24% if borrower has no Simsbury Bank checking account and other required services and has a credit score of 740 or greater; rate and minimum APR is 3.74% if credit score is less than 740. All offers apply to qualifying borrowers for owner-occupied 1-4 family and condominium properties within the Bank’s lending geography; loans outside the Bank’s lending geography will be considered on a case-by-case basis. No fees for loans less than $250,000; loans $250,000 and greater will be considered on a case-by-case basis and require customer to pay closing and title costs. Full appraisal required for loans $250,000 and greater. Customer cost for full appraisal is $375 to $425. Final rate and term will be determined based on credit score and history. All rates are subject to change. Interest rate effective 6/7/2011. Interest may be tax deductible; consult your tax advisor for details. Please visit simsburybank.com or contact any branch or loan officer for offer details. |
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