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Cambridge Trust Company

1336 Massachusetts Avenue
Cambridge, MA 02138
Tel. 617-876-5500
www.cambridgetrust.com

General Information

Cambridge Trust Company is an independent, full-service bank for people who demand the highest levels of personal service and expertise. Everyone at Cambridge Trust — tellers, loan officers, investment professionals — has the authority and passion to respond to your needs, solve your problems, and make banking a personally rewarding experience. And with more than 100 years of independence behind us, we will never compromise on that commitment.

Whatever your needs or your budget, Cambridge Trust Company will help you find the mortgage that's right for you.

We offer a wide variety of mortgage products at competitive rates and flexible repayment terms.

Fixed-Rate Mortgages
Fixed-rate mortgages can be ideal if you expect to own the property for many years. A fixed-rate mortgage holds the interest rate and monthly payment constant for the life of your loan so you always know exactly what your monthly payments will be.

Adjustable-Rate Mortgages
If you do not plan on staying in your home for a long period of time or need flexibility to meet your current financial situation, you may want to consider an adjustable-rate mortgage (ARM). With this option, you can take advantage of a fixed interest rate for a shorter period of time. After the initial period ends, the rate is adjusted every year*, but will never exceed a pre-determined rate cap.

Low Down Payment Option
Our combination financing allows you to reduce your down payment requirement to as little as 10% with a first mortgage and home equity line for up to 90% of your property’s value in a single application.

Jumbo Mortgages
Jumbo mortgages are available for customers who want a higher loan amount (more than $417,000) at competitive rates. Jumbo financing options include fixed- and adjustable-rate mortgages, with a range of terms to accommodate immediate and long-term financial plans.

Refinancing Options
If you want to refinance your existing mortgage — to reduce your interest rate or term, or tap into the equity in your home — we have several options available. There is no prepayment penalty for Cambridge Trust mortgage customers. Down the road if the time is right to refinance, we're there for you.

First Time Buyers Program
Offered in cooperation with the Massachusetts Housing Partnership Fund, the Commonwealth of Massachusetts, and the City of Cambridge, the Cambridge Trust First Time Home Buyers program is for first time home buyers who have income within certain limits and would otherwise have difficulty qualifying for a mortgage. This program is limited to owner-occupied, 1-3 family houses and condominiums in Cambridge, Massachusetts.

Local Branch / Office Locations

ADDRESS	TELEPHONE NO.
Harvard Square  1336 Massachusetts Avenue Cambridge Kendall Square 326 Main Street Cambridge Huron Avenue 353 Huron Avenue Cambridge Porter Square 1720 Massachusetts Avenue Cambridge University Park at MIT 350 Massachusetts Avenue Cambridge Beacon Hill 65 Beacon Street Boston Concord Center 75 Main Street Concord Lincoln Center 152 Lincoln Road Lincoln Weston Center 494 Boston Post Road Weston	617-876-5500   617-441-0951   617- 661-1317   617-661-0398   617-225-0792 617-523-3551   978-369-9909   781-259-4890   781-893-5500

FEES RELATED TO EACH LOAN

The following are fees related to a typical $175,000 purchase loan transaction in the Boston area, with this company. This does not include points, if any, nor does it include local taxes, prepaid interest payments or prepaid escrow payments for home insurance or real estate taxes. A more complete list, tailored to your specific loan transaction, entitled "Good Faith Estimate of Settlement Costs" should be provided to you when you actually apply for a loan. All fees are believed to be accurate, but cannot be guaranteed and are subject to change without notice.

Appraisal	275
Credit Report
Application	150
Inspection
Document Prep/Review
Underwriting
Processing
Flood Certification
Tax Service	79
Notary
Pest Inspection
Settlement/Closing
Attorney	1,000
Recording	365
Survey	150
Messenger/Courier	27
Wire Transfer
Administrative
Mortgage Broker Fee
Funding and Review
Payment Processing
Title Exam
Title Insurance (lender's)	438
TOTAL	$2,484

  • Types Of Mortgage Products Offered

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