Introducing NVE’s “Qualified” 1/1 and 3/1 Adjustable Rate Mortgages.
Bergenfield I Closter I Cresskill I Englewood I Hillsdale I Leonia I New Milford I Teaneck I Tenafly
Giving you the flexibility you’ve earned at rates you’re sure to love.
*APR = Annual Percentage Rate. APR may increase after consummation on an annual basis after the introductory period of one or three years and is calculated by adding 2.75%
(margin) to the index (Weekly US Treasury Security adjusted to a constant maturity of one year). Introductory Rate is as shown. Current index plus margin is 2.875%. APR may not
increase more than 2% at each adjustment or 6% over the life of the loan. APR is accurate as of 4/1/14 and may vary based on loan amount. Loans are for 1-4 family New Jersey
owner-occupied properties only. Rates and terms are subject to change without notice.
**Payments based on 30 year payout. 20% down payment or equity for loan amounts up to $500,000 is required. Advertised APR payments do not include amounts for taxes and
insurance premiums, if applicable. The actual payment obligation will be greater. Property insurance is required. Other rates and terms are available. Subject to credit approval.
Applicants must qualify at 6% over the introductory rate as required per the regulatory definition of “Qualified Mortgage.”
Introductory Mo. Payment**
Term Rate APR* (Per $1,000 Borrowed)
1/1/30 ARM 1.625 2.797 3.51
3/1/30 ARM 2.500 2.816 3.95
Applicants who qualify at 6% over the introductory rate are eligible. See details below.
Don’t wait. Call our Mortgage Specialist today at 201-816-2800, ext.1233, or apply
online at nvebank.com