Peoples Bank offering $500 off closing costs Reply

As an incentive to home buyers during the holiday season, Peoples Bank is offering $500 off closing costs on applications received by December 20, 2013.

According to their October 30th rate sheet, they are offering a 4.125% mortgage rate on a 30-year-fixed-rate mortgage. When figuring out what that would be in a mortgage payment, the rate sheet states that is $4.85 per $1,000. So if you mortgaged $300,000, that would be figured by calculating $4.85 X 300 for a payment of $1,455. Real estate taxes and insurance would add to your payment amount, as well. This is standard. (Article continues below video.) More…