Untitled Document

As of August 16, 1999
All interest rates are subject to change at any time without prior notice.

**Reasons to choose The Lowell Five for your Mortgage Loan**

*Financing First*		At The Lowell Five you can get a formal approval for your loan before* you find a home. That way, you'll have more bargaining power when you find the home that's right for you.*

*Lowest Rate Guarantee*		Once you submit an application, we guarantee that you will receive the lowest rate in affect during the time your application is in process (up to a maximum of 60 days). This takes all of the guesswork out of the ratelock decision.

*Local Servicing*		At The Lowell Five you have a pledge that the servicing of your mortgage will remain with The Lowell Five. That way, you'll know who to call in the event you have a question on your account. Few banks or mortgage companies are willing to make that statement.

*FNMA Loan Limits*
1 Family & Condo		3 Family
2 Family		4 Family

OWNER OCCUPIED FIXED RATE MORTGAGES
TYPE	RATE	POINTS	80% APR	Max Loan Amt.	Min. Loan Amt.	Payment per $1,000 Borrowed
30 Year Loans				FNMA Limits FNMA Limits FNMA Limits
30 Year Loans No closing costs				FNMA Limits $99,999
15 Year Loans				FNMA Limits FNMA Limits FNMA Limits
15 Year Loans No closing costs				FNMA Limits $99,999
10 Year Loans				FNMA Limits FNMA Limits
Jumbo Mortgages: Call (978) 452-1300 for rate information.

The Lowell Five is an Equal Opportunity Lender.
These rates assume 20% equity in the property. Please call for other loan programs.

**OWNER OCCUPIED FIXED PERIOD ADJUSTABLE RATE LOANS**

INTEREST RATE CAPS

30 Year Term
80%
APR
First
Adjmnts.
Subseq.
Adjmnts.
Lifetime
Caps
Payment per
$1,000 borrowed

Type
Rate
Points

3/1 ARM
3 year fixed period

5/1 ARM
5 year fixed period

7/1 ARM
7 year fixed period

10/1 ARM
10 year fixed period

These rates assume 20% equity in the property. Please call for other loan programs.

Fixed period ARM disclosure information:

All fixed period ARM's contain a discounted initial rate.
APR's are based upon a recent index and a 30 year term. APR's are higher for loans with LTV's greater than 80%.
ALL FIXED PERIOD ARM'S ADJUST ANNUALLY AFTER THE FIXED PERIOD.

INDEX: ONE YEAR TREASURY INDEX FOR ALL FIXED PERIOD ARM'S.
Loans also available containing the option to convert to a fixed rate after the fixed period.

**OWNER OCCUPIED CONSTRUCTION/PERMANENT LOANS**

INTEREST RATE CAPS

30 year term - 29.5 year amortization
80%
APR
First
Adjmnts.
Subseq.
Adjmnts.
Lifetime
Caps
Payment per
$1,000 borrowed

Type
Rate
Points

1 Year ARM
Annual Adjustments

3/1 ARM
3 year fixed period

5/1 ARM
5 year fixed period

7/1 ARM
7 year fixed period

10/1 ARM
10 year fixed period

Please Note:

All requests are handled by the mortgage origination staff.

All construction loan applications must be accompanied by plans, specs, and cost estimates.
Construction loans may be converted to a fixed rate loan only by refinancing. This transaction can occur only after the property is complete.
Interest only will be charged during the construction period (usually 6 months).
All disbursements will be made according to the 6 stage construction schedule.

Adjustable Rate disclosure information:

All construction loans contain a discounted initial rate. Without discount, rate would be 8.00% based upon recent index used.
APR's are based upon a recent index and a 30 year term.
ALL FIXED PERIOD ARM'S ADJUST ANNUALLY AFTER THE FIXED PERIOD.

INDEX: ONE YEAR TREASURY INDEX

Eligible Property Locations: The Lowell Five will accept applications for properties located in towns designated as our local community. These towns include those in which our branch offices are located as well as Groton, Dunstable, and Pepperell. On occasion, we may also lend anywhere allowable by statute.

The Lowell Five is an Equal Opportunity Lender.

Service Fee Schedule | Savings & Investment Rates | Consumer Loan Rates | Equity Rates | Rates & Fees

OWNER OCCUPIED FIXED PERIOD ADJUSTABLE RATE LOANS
				INTEREST RATE CAPS
30 Year Term			80% APR	First Adjmnts.	Subseq. Adjmnts.	Lifetime Caps	Payment per $1,000 borrowed
Type	Rate	Points	80% APR	First Adjmnts.	Subseq. Adjmnts.	Lifetime Caps	Payment per $1,000 borrowed
3/1 ARM 3 year fixed period
5/1 ARM 5 year fixed period
7/1 ARM 7 year fixed period
10/1 ARM 10 year fixed period

OWNER OCCUPIED CONSTRUCTION/PERMANENT LOANS
				INTEREST RATE CAPS
30 year term - 29.5 year amortization			80% APR	First Adjmnts.	Subseq. Adjmnts.	Lifetime Caps	Payment per $1,000 borrowed
Type	Rate	Points	80% APR	First Adjmnts.	Subseq. Adjmnts.	Lifetime Caps	Payment per $1,000 borrowed
1 Year ARM Annual Adjustments
3/1 ARM 3 year fixed period
5/1 ARM 5 year fixed period
7/1 ARM 7 year fixed period
10/1 ARM 10 year fixed period