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GS&L is committed to helping you find the right mortgage product for your needs, offering a variety of products to meet your individual requirements. We make the process of securing a mortgage simple and straightforward by offering you the latest in financial tools that enable you to make sound financial choices.
    MPF Program - Competitive Fixed Rate Mortgage Program

  • Fixed Rate
  • Up to 30-year term
  • Primary and secondary homes
  • Purchase and refinance
  • You will be able to contact your loan officer for questions or concerns as the loan is serviced locally by Gouverneur Savings and Loan.
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    Fixed Rate Mortgages

  • Interest rate is based on loan terms of 10 years to 25 years
  • Maximum loan amount is based on 80% of the appraised value or purchase price whichever is less
  • Equal monthly payments
  • Purchase, refinance, and construction loan products
  • Primary residence, second homes, investment properties
  • Mortgage Insurance available
  • No closing cost option for primary residences only
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    Adjustable Rate Mortgages

  • Rates based on loan terms of 10 years to 30 years
  • Maximum loan amount is based on 80% of the appraised value or purchase price whichever is less
  • Interest rate is fixed for 1, 5 or 10 years, adjusting annually thereafter with a yearly cap of 2% and a lifetime cap of 6% over initial rate
  • Purchase, refinance, and construction loan products
  • Primary residence, second homes, investment properties
  • Mortgage Insurance available
  • No closing cost option for primary residences only
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    Home Equity Line of Credit

  • Prime + 0 interest rate, floor is initial rate and lifetime cap of 8% over initial rate
  • Maximum loan amount is based on 80% of the appraised value less current mortgage if applicable.
  • Monthly payments for draw phase are based on 1/240 of the outstanding balance or a minimum of $100 plus interest, 1/120 for payback phase.
  • 10 year draw/10 year payback
  • Primary and second homes
  • No closing cost option for loan amounts $25,000 and over, primary residence only. Low closing costs for loan amounts under $25,000
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    Second Mortgages

  • Interest rate based on loan terms of 5 years to 15 years
  • Maximum loan amount is based on 80% of the appraised value less current mortgage if applicable
  • Fixed monthly payment
  • Low closing costs

     

    Construction Loans

  • Fixed or adjustable rates
  • 10-30 year term
  • Maximum loan amount is based on 80% of the appraised value
  • Mortgage Insurance available
  • No closing cost option available
  • 12 month construction period
  • One loan closing
  • Advances for work completed based on appraiser's inspection