Fixed interest rates are like a banking promise — a guarantee from the lender to borrowers that the monthly payments they make, whether for a car or a house, won’t change for the life cycle of the loan. National Penn Bank in Philadelphia provides the kinds of fixed rates that will keep mortgage payments low and affordable.
For example, the bank’s 15-year home loan, rated at 3.375%, won’t increase (even if market conditions change local and national rates), giving borrowers a chance to budget, save and expect the same rate with no surprises.
Mortgage Interest Rates: Terms and Conditions
The 3.375% interest rate is calculated based on a loan amount of $160,000, for the purchase of a primary residence in Pennsylvania, with a 75 percent loan-to-value ratio. These conditions also include 30 days’ worth of prepaid interest, and $1,218 in fees.
About National Penn Bank
National Penn Bank cares about the financial well-being of its customers. With its menu of deposit accounts, loans, business banking products and other wealth management services, it makes its financial presence known in Pennsylvania, where the bank is headquartered, and beyond.
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Other Terms and Conditions may apply. Additionally, interest rates are based on the institution’s online published rates and may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.