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personal banking >>
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May 13, 2008
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Below are the current Mortgage Rates from UCNB.
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Mortgages
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Points
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Rate
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Annual Percentage Rate
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10-Year Fixed Mortgage
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0
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5.625%
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5.687%
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15 Year Fixed Mortgage
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0
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5.750%
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5.794%
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20-Year Fixed Mortgage
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0
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6.000%
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6.035%
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30-Year Fixed Mortgage
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0
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6.125%
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6.150%
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3-Year Adjustable Mortgage
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0
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N/A
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N/A
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5-Year Adjustable Mortgage
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0
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5.500%
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6.124%
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7-Year Adjustable Mortgage
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0
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5.625%
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6.071%
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10-Year Adjustable Mortgage
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0
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5.875%
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6.110%
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Fixed Rate Mortgages
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A Fixed Rate Mortgage sets your interest rate for the life of the loan and protects you against rising interest rates. Various rates and terms are available.
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Bi-Weekly Mortgages
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The Bi-Weekly Mortgage is the smart way to save when buying a home. By making half of your mortgage payment every two weeks, you can reduce the interest you will pay over the life of the loan and even pay off your loan years sooner.
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Adjustable Rate Mortgages
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(ARM’s) feature rates that adjust periodically according to changes in a specific financial index. Rates adjust periodically based on the term you select. Should interest rates rise sharply, you are protected by a cap that establishes an interest rate ceiling for each rate adjustment as well as for the entire life of the loan.
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Jumbo Mortgages
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Rates and terms available up to $1,500,000.00.
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Reverse Mortgages
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A home loan that you do not have to pay back for as long as you live there. With a reverse mortgage, you can turn the value of your home into cash without having to move or to repay the loan each month. The cash you get from a reverse mortgage can be paid to you in several ways: all at once, in a single lump sum of cash, as a regular monthly cash advance, as a credit line account that lets you decide when and how much of your available cash is paid to you or as a combination of these payment methods. No matter how this loan is paid out to you, you don’t have to p ay anything back until you die, sell your home, or permanently move out of your home. To be eligible you must own your home and be 62 years of age or older.
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