Northampton Cooperative Bank recently announced that they are offering a free appraisal when you mortgage your home purchase with them through June 30th. Rates are currently only 3.375%, according to an email from an Amherst branch manager.
The appraisal could cost home buyers over $400, so offering of a free appraisal by a bank makes the home buying process that much more affordable. All banks require an appraisal for them to lend a home buyer the money for a home. It confirms to them that the house is worth what they are lending.
Northampton Cooperative Bank’s main office is on Main Street in Northampton with branch offices in Florence and in Amherst. What’s more, home buyers who work with the author of this blog, Michael Seward of Sawicki Real Estate also get money at closing. How much money depends on the purchase amount, however.
Economists are expecting mortgage rates to rise to over 4% by the end of the year, which is still a low rate. Regardless, borrowing money is less expensive now.
The nearly 125 year old bank is also currently accepting applications for the Richard. C. Aquadro $8,000 Engineering Scholarship until April 30, 2013.
If you are planning on buying or selling a home in the greater Northampton and Amherst area of the Pioneer Valley, make your first call to Michael Seward at 413-531-7129 or email: firstname.lastname@example.org.