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Mortgages & Loans
MA Rates Effective:
November 20, 2008
| Fixed Rate Mortgage  or  | | Term | RATE | POINTS | APR* | REPAYMENT
PER $100 |
15 YR Fixed
| 5.875% | 0.000% | 5.969% | $8.37 |
20 YR Fixed
|
6.125% | 0.000% |
6.200% |
$7.24 |
30 YR Fixed
|
6.125% | 0.000% |
6.182% |
$6.08 |
30 Yr My Community
** MassHousing
|
6.625% | 0.000% |
6.669% |
$6.40 |
Advantage Low **
MassHousing
| 6.125% | 0.000% | 6.168% | $6.08 | 15 YR
Conv Portfolio Fixed
FNMA | 6.500% | 0.000% | 6.557% | $8.71 | 20 YR
Conv Portfolio Fixed
FNMA | 6.875% | 0.000% | 6.922% | $7.68 | 30 YR
Conv Portfolio
Fixed
FNMA | 6.875% | 0.000% | 6.911% | $6.57
| | 30 YR FHA TBW | 6.375% | 0.000% | 6.433% | $6.24 |
30 YR FIXED
RSB CRA*** | 5.990% | 0.000% | 6.024% | $5.99 | |
5/1 ARM ST | 6.000% | 0.000% | 5.448% | $6.00 |
|
7/1 ARM | 6.375% | 0.000% | 5.764% | $6.24 |
* APR=Annual Percentage Rate. APR assumes a Single Family Owner Occupied Purchase with 20% down payment. .Rates may change daily.
FHLMC conforming loan limits apply: 1 Unit $417,000, 2 Unit $533,850, 3Unit $645,300, 4 Unit $801,950.
Additional rate lock terms and point options are available.
**MA Housing Programs are subject to income and other restrictions.
*** 30 Yr Fixed RSB CRA product must be in RSB's CRA
area of Avon, Braintree, Canton, Holbrook, Randolph,
Sharon, and Stoughton
****3/1, 5/1, 7/1, and 10/1 ARM based on 1 year Libor.
Please call for adjustable rates.
| Adjustable Rate Mortgage  or  |
| Term | | | | | | PLEASE CALL RESIDENTIAL LENDING FOR RATES AND TERMS |
* APR=Annual Percentage Rate. This is a variable rate loan. Rate based on a Single Family Owner Occupied Purchase with 20% minimum down payment . Rates may change daily. Caps of 2/6 on the 3/1 Term mortgages and Caps of 2/5 on the 5/1/, 7/1 , and the 10/1 Term mortgages. FHLMC conforming loan limits apply: One Unit $417,000, 2 Unit$533,650, 3 Unit $533,850, 4 Unit $801,950. ** 3/1 5/1 7/1 10/1 ARM Rates are based on the 1 Yr Libor rate. FHLMC conforming loan limits apply. All ARMs assume a 30 year Term.
Jumbo loans are available for all adjustable rate mortgages.
| | Equity One - Fixed Equity First Mortgage or | | Term | Rate** | Points | APR * | Repayment
per $1,000 |
| 5 YR | 6.250% | .0.000 | 6.250% | $19.45 |
| 10 YR | 6.500% | .0.000 | 6.500% | $11.35 | | 15 YR | 6.750% | .0.000 | 6.750% | $8.85 |
| 20 YR | 6.990% | .0.000 | 6.990% | $7.75 |
*APR=Annual Percentage Rate. 80% loan to value based on tax assessment (over 50% LTV may require a full appraisal)
1-2 Unit Owner Occupied Property Only. No points and no closing costs.(if an appraisal is required there will be a $250 upfront fee to the borrower)
Loan subject to
recovery of fees of up to $400 if paid off within the first 2 years.
Minimum Loan Amount $50,000, Maximum $250,000. Rates are subject to change without notice.
** Rate reflects 1/4% rate reduction for automatic deduction from RSB Checking Account.
| Fixed Rate Equity - 2nd Mortgage  or
| | Term | Rate** | Points | APR * | Repayment
per $1,000 | | 5 YR | 6.625% | no | 6.625% | $19.62 | | 10 YR | 6.750% | no | 6.750% | $11.48 | | 15 YR | 7.000% | no | 7.000% | $8.99 | | 20 YR | 7.250% | no | 7.250% | $7.90 |
** Rate reflects 1/4% rate reduction for automatic deduction from RSB Checking Account
.*APR=Annual Percentage Rate. 80% loan to value based on tax assessment if Randolph Savings holds first mortgage otherwise 75% CLTV(over 50% LTV may require a full appraisal).
1-2 Unit Owner Occupied property only. Minimum Loan Amount $20,000, Maximum $200,000.
No points and no closing costs.(if an appraisal is required there will be a $250 upfront fee to the borrower)
Loan subject to a recuperation fee of up to $400 if paid off within the first 2 years.
Rates are subject to change without notice.
| Equity Line of Credit - Adjustable Rate    | | Term | Rate* | Points | APR* | Closing Costs | Repayment
Terms | | see below | *5.250%**5.000% | no | *5.250% **5.000% | no | ** see below
|
This is a variable rate loan.
* APR=Annual Percentage Rate. Prime plus 0.75% for the life of the loan adjusted monthly. (15 yr interest only draw period 10 yr P & I) 1-2 Unit Owner Occupied. Property must be located in Lending Area to qualify. (over 50% LTV may require a full appraisal) Up to 80% LTV allowed if RSB holds the first mortgage, otherwise 75% CLTV. No points and no closing costs. (if an appraisal is required there will be a $250 upfront fee to the borrower). Subject to a recuperation fee of up to $400 if paid off within the first 2 years. 80% of Real Estate Tax Assessment or AVM. Minimum Loan Amount $20,000, Maximum $250,000.
** Rate reflects 1/4% reduction for automatic deduction from a RSB checking account for the first 6 months only. Rates are subject to change without notice. The rate thereafter is the Wall Street Journal (WSJ) Prime Rate plus 0.750% for the life of the loan adjusted monthly.WSJ Prime Rate is currently
4.000%. Rate Cap:18%, Floor rate 5.250%.
Minimum monthly payment will equal all accrued interest as of the closing date of the billing cycle plus 0.05% of outstanding balance of principal on the closing date of the billing cycle provided the principal payment shall not be less than $50.00 plus any amounts past due, after which the balance is amortized over 10 years.
| Auto Loan   | Type | Rate/APR | Maximum LTV | Maximum Term | Repayment
per $1,000 | | New Auto | 6.375%* |
95% of base purchase price or current NADA Average Retail Value (if available)
| 60 Months | $19.51 | | Used Auto | 6.750%* |
NADA Average Retail Value or 90% of Purchase (whichever is lower)
| 48 Months | $23.84 |
* APR=Annual Percentage Rate. This rate reflects a one-half percent (.50%) reduction with automatic deduction from Randolph Savings checking. There will be a one-half (.50%) increase without automatic deduction from Randolph Savings checking.
| Other Consumer Loans | | Type | Rate/APR | Maximum LTV | Maximum Term | Repayment
per $1,000 | Personal
| 13.75%* | $7,500 | 48 Months | $27.21 | Access Plus Revolving Credit
|
6.00% above Prime, Current Rate 10.00%
| $7,500 | n/a | n/a |
Savings Secured Loan
|
Deposit rate plus 3.00%
| 95% of balance | n/a | n/a | Term Secured
| Deposit Rate plus 3.00% | 90% of balance | n/a | n/a |
*APR=Annual Percentage Rate. This rate reflects a one-half percent (.50%) reduction with an automatic deduction from a Randolph Savings Bank checking account. There will be a one-half (.50%) increase without automatic deduction from Randolph Savings checking. Rates may increase if deposit rate changes.
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