1 The low initial Minimum Monthly Payment is calculated based on the low initial start rate. Rates are for calculation purposes only, please call your loan officer for rate quotes.
2 Paying the Minimum Monthly Payment will result in deferred interest, which will be added to the principal balance and increase your loan amount. This is called negative amortization. For the first 5 years the minimum payment will increase 7.5% over the previous year.
3 The Monthly Savings is calculated using the current Index + Margin. Rate increases or decreases are not computed. Monthly Savings compares the 30 Year Payment to the Minimum Payment.
4 The Effective Interest Rate is the rate the Lender charges each month. It is equal to the Index Rate + Margin. The Index + Margin yield may change each month as the Index rate changes.
Official Mortgage New Hampshire News continued
Every employee will value and work to enhance diversity in our workforce because it is good for our business, employees and the communities we serve. Diversity management will be an important part of our business culture, strategic plans and systems. Senior and middle managers alike must live their commitment to attract and retain a diverse workforce. Mortgage New Hampshire technology is a basic skill that will help advance our client's position. Contact Merrimack Mortgage Co. Inc. by calling 1-800-600-3007.
New Hampshire: Licensed
by the NH Banking Department: First Mortgage Banker / Broker License
#5433 MBB, Second Mortgage Home Loan Lender License #5433
MB
