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Loan-to-value Mortgage Special Disclosure

Home must be a single-family primary residence and meet Fannie Mae appraisal guidelines. Borrowers must be employed at current company and own their home for at least two years. Loan amount cannot exceed $417,000. Maximum Loan-to-Value is 110%. Term restrictions apply. Interest on the portion of credit that exceeds the fair market value of the dwelling is not tax deductible, for Federal income tax purposes; consult with a tax advisor for further information regarding the deductibility of interest and charges. Minimum credit score for all borrowers is 660 and is necessary to qualify. Borrower cannot have a debit-to-income ratio higher than 45%, using traditional methods of underwriting mortgages. Loan amount cannot exceed the balance of the current first mortgage plus normal closing costs. A second mortgage that can be identified as a "purchase money second" or has been opened for at least two years, with no draws in the past 24 months can also be considered in the refinance. All other second or subordinate loans/lines must be subordinated to the new first mortgage. Members cannot have any mortgage payments over 30 days late. Call 1-800-645-4728 or visit for current rates. Hazard insurance is required. Offer subject to change at any time. If you apply for a loan that is more than 110% of your home's value it may be hard for you to refinance this loan in the future. If you sell your home, you might owe more money on the loan than you get from the sale. Equal housing lender. NMLS# 477276


No Closing Costs! Disclosure

Home Equity Loan rates as low as 4.900%APR. Annual Percentage Rate (APR) is based on a loan of $40,000. For example: 4.900%APR is based on a $40,000 loan with a 5 year term at 80% LTV with a simple interest rate of 4.900% and monthly payments of $753.02. Closing costs in the range of $375 - $650 will be incurred on all Home Equity Plans. Hazard Insurance is required. No closing costs incurred on Equity Loan if $40,000 minimum line or loan amount and GSCU is in second lien position, and home is not for sale. Minimum fee incurred if GSCU is in first lien position or title is in a trust. In the event that you make a full Prepayment of the principal balance with us before the third anniversary of the date your Home Equity was opened with us, an Early Termination Fee equal to the amount of Bona Fide Third Party Costs paid by Granite State Credit Union on your behalf will be charged to you. After the third anniversary, the early termination fee will no longer apply. Fees for title insurance, and additional title costs incurred if GSCU is in the first lien position or the existing first mortgage on the property is a home equity product where no lender title insurance exists; or if the title is held in a trust, fees for trust review and trustee certificate preparation will be incurred by member. Interim interest from the date of disbursement to the 1st of the following month will be charged at the time of closing and is not covered by the No Closing Cost program. Fees for additional title work or documentation to correct title defects will be charged at the time of closing and are not covered by the No Closing Cost program. There may be instances, where the appraisal fee will be collected at the time the appraisal is ordered. When this happens, GSCU will reimburse you at the time the loan disburses if you meet the eligibility criteria set forth above. On Home Equity Line of Credit, a non-refundable maintenance fee of $45 will be charged each December the line is open. Offer subject to change at any time, please contact the Mortgage Department at 1-800-645-GSCU or e-mail us for current No Closing Cost criteria. Minimum loan amount for all loan programs is $10,000 with a maximum loan of $417,000. NMLS# 477276