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Thursday, November 20, 2008

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Fixed Rate Home Equity Loan



Current Rates - Effective Wednesday, November 19, 2008
All rates are accurate as of the effective date and are subject to change at any time.

Term Interest Rate APR* Monthly Payment
per $10,000
5 Yr. 5.625% 5.625% $191.59
10 Yr. 5.75% 5.75% $109.77
15 Yr. 5.875% 5.875% $83.71

*Annual Percentage Rate

Maximum CLTV is 75%

Above rates are discounted with automatic monthly payment deducted from a Norwood Bank checking account. The 10 year APR without automatic deduction is 6.00%. The 15 year APR without automatic deduction is 6.125%. Offer and rates are subject to change at any time. Available on owner occupied properties in MA for loan amounts above $20,000 and subject to income and credit approval. Loan subject to $300 early termination fee in the first 36 months.


Rates are subject to change without notice.

Customers should contact a bank employee for further information concerning fees and terms applicable to the advertised account. All accounts are insured in full through a combination of insurance provided by the Federal Deposit Insurance Corporation (FDIC) and Share Insurance Fund (SIF).