No-Cost Refinance Special

No Cost - Refinance Special
 

*APR (Annual Percentage Rate) based on $165,000 loan having 20% equity with no points. The 10 year fixed refinance rate of 3.090% has a monthly principal and interest payment for 120 months of $1,600.12.  The 15 year fixed refinance rate of 3.490% has a monthly principal and interest payment for 180 months of $1,178.75.  Insurance and taxes are additional. Advertised current rates are as of May 18, 2012 and may change without notice. The maximum loan amount is $450,000.  Subject to First Federal Lakewood’s underwriting guidelines. A $350.00 prepayment penalty applies during the first 5 years. An appraisal and home owners insurance are required.  Customers requesting a full appraisal must pay the appraisal fee. Limited time offer. Other restrictions may apply. Contact a Mortgage Loan Specialist for full details.