Please request further information from a Williamstown Savings Bank loan officer concerning the current terms and conditions for mortgages. Interest Rate Caps are the maximum number of points an interest rate can increase at a particular change date or throughout the life of the loan. Currently Williamstown Savings Bank has a lifetime cap of 6 percentage points with a maximum of 2 percentage points for any adjustment period. Other restrictions may apply. Consult your tax advisor for information about Home Equity Line of Credit interest deductibility.
Property insurance is required.
Flood insurance may be required. After the first 12 months, the interest will adjust to prime as published by the Wall Street Journal. Your annual percentage rate can change monthly. There is no limit on the amount by which the annual percentage rate can change during any one year period. There are no attorney fees.