Your loan stays here from beginning to end!
MORTGAGE LOAN RATES
EFFECTIVE 01/17/2012***
| LOAN PRODUCTS | INTEREST RATES | APR* | CLOSING COSTS** |
| 30 Year Fixed Rate | 3.875% | 3.962% | $1,257.00 (e) |
| 30 Year Fixed Rate - No Costs | Please call for details | $-0- | |
| 20 Year Fixed Rate | 3.875% | 3.981% | $1,257.00 (e) |
| 15 Year Fixed Rate | 3.125% | 3.260% | $1,257.00 (e) |
| 10 Year Fixed Rate | 3.125% | 3.322% | $1,257.00 (e) |
|
Adjustable Rate Mortgages and other programs available—please call for current rates and programs. | |||
| Investment/Commercial Loans available - please call for current rates & terms. | |||
| Construction Loans Available—please call for current rates & terms. | |||
| (e) - Estimate | |||
Did you know, Miami Savings does not require a lenders title policy for most mortgages?
This is just one more way we make home ownership more affordable for our communities!
*Annual Percentage Rate (APR) based on a loan amount of $100,000 for the term specified at 80% loan-to-value and includes 15 days prepaid interest. Higher loan to values loans available, PMI may be required. APR may vary depending upon closing date.
**Closing costs are an estimate and apply to loans in Hamilton and Butler Counties. Costs are slightly higher for other counties and construction loans.
***Rates are subject to change without notice. Please call your local Miami Savings Bank branch for the most accurate rates
All loans subject to qualification. Individual and joint credit available. Rates based on 80% loan-to-value for single family owner-occupied property.
| Oxford | Miamitown | Harrison |
| Kevin McKeehan | Del Schiferl | Gwen Hessler |
| 513-523-7711 | 513-353-1339 |
513-367-7970 |
CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.
The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.