Guest Post From Bar Harbor Bank & Trust
Bar Harbor Bank & Trust has been providing home-ownership financing since 1887, continually striving for excellence in all aspects of the home financing process. This is why we are recognized as one of the state’s top mortgage lenders for primary and secondary homes.
While many lending institutions only offer ‘cookie-cutter’ mortgage loans, we pride ourselves in finding home-financing solutions for our clients. We work hard to earn our customer’s business while at the same time delivering outstanding customer service.
We offer some of the lowest closing costs and have consistently low-interest rates for all our customers. Even after a loan closes, we are there for our customers, as we service 99% of our loans locally.
We currently offer financing up to 97% *and no private mortgage insurance for adjustable rate mortgages and jumbo loans with 85% loan to value! We offer a closing credit up to $1500 or .25% discount on adjustable rate loans.
Contact one of us today to discuss your specific needs.
* Our First Time Home Buyers Program is a 10/1 Adjustable Rate Mortgage. The 5.00% down payment requires mortgage insurance. This financing option is based on a $100,000. loan with a 4.000% simple interest rate (Rate) and 4.546% annual percentage rate (APR). The monthly payments would be $477.42 for the first ten years. This payment does not include taxes, insurance or private mortgage insurance, the actual payment will be greater. The APR may increase after the first ten years. The Rate will not change for the first ten years, after that the Rate may change each year as determined by an index plus a margin. The index is the One Year Treasury Constant Maturity Yield. Get an official loan estimate before choosing the loan.