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Andover Mortgage
855 Turnpike Street
North Andover, MA 01845
ph: 978.974.0000
fax: 978.974.9199
©1999-2010
Andover Mortgage Corp.
All Rights Reserved
Andover Mortgage Corporation
Corporate License:
NMLS #2116
Richard Roda
Loan Originator:
NMLS #12801
Massachusetts License:
#MB 2733
Licensed by the
New Hampshire
banking department to broker
first mortgages:
#10136-MBR
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Descriptions of AMC Loan Programs
| 30-Year Fixed (Conforming) |
$0-417,000 (single family)* |
Special
Notes: Financing available for up to 97% of the value of a home
purchase. Ideal for someone planning to stay in their home for 5
years or more. Provides the lowest payment because payments are
stretched out over 30 years.
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| 20-Year Fixed (Conforming) |
$0-417,000 (single family)* |
Special Notes: Financing available for up to 97% of the value of a home
purchase. Builds equity faster than a 30-year mortgage. Ideal
for someone planning to stay in their home for 10 years or more.
Rate is generally 1/8 point better than a 30-year mortgage.
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| 15-Year Fixed (Conforming) |
$0-417,000 (single family)* |
Special
Notes: Financing available for up to 97% of the value of a home
purchase. Rate is generally 1/2 point better than a 30-year
fixed mortgage. Builds substantial equity in your house faster than
the 30- or 20-year mortgages. Ideal for someone not planning to
move from their home.
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| 1-Year ARM (Conforming) |
$0-417,000 (single family)* |
Special
Notes: Financing available for up to 90% of the value of a home
purchase. Provides the lowest rate and lowest payment. Ideal
for someone who is planning to be in the home for 3 years or less
or believes rates will be going substantially lower in the next
three years.
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*$0-533,850 (two family)
*$0-645,300 (three family)
*$0-801,950 (four family)
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| 30-Year Fixed (Jumbo) |
$0-1,000,000 |
Special
Notes: Ideal for someone planning to stay in their home for 5 years
or more. Provides the lowest payment because payments are stretched
over 30 years.
Financing available for:
95% of value up to $300,000
90% of value up to $350,000
80% of value up to $650,000
70% of value up to $1,000,000
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| 20-Year Fixed (Jumbo) |
$0-1,000,000 |
Special
Notes: Builds equity faster than a 30-year mortgage. Ideal
for someone planning to stay in their home for 10 years or more.
Rate is generally 1/8 point better than a 30-year mortgage. Financing
available for:
95% of value up to $300,000
90% of value up to $350,000
80% of value up to $650,00
70% of value up to $1,000,000
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| 15-Year Fixed (Jumbo) |
$0-1,000,000 |
Special
Notes: Rate is generally 1/2 point better than a 30-year
fixed mortgage. Builds substantial equity in your house faster than
the 30- or 20-year mortgages. Ideal for someone not planning to
move from their home.
Financing available for:
95% of value up to $300,000
90% of value up to $350,000
80% of value up to $650,000
70% of value up to $1,000,000
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| 1-Year ARM (Jumbo) |
$0-1,000,000 |
Special
Notes: Provides the lowest rate and lowest payment. Ideal for someone
who is planning to be in the home for 3 years or less or believes
rates will be going substantially lower in the next three years.
Provides lowest rate and lowest payment.
Financing available for:
95% of value up to $300,000
90% of value up to $350,000
80% of value up to $650,000
70% of value up to $1,000,000
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