MFS Connections - Issue 7 - Fall - Winter 2020

2 15 YEAR 2.763 3.513 % APR ** Thomas Rudzewick President and Chief Executive Officer 30 YEAR Sincerely, As we prepare for this upcoming year, 2020 was surely one we will not forget. The pandemic forced us all to shift priorities and persevere through unprecedented challenges. As an organization we worked tirelessly to serve our customers and communities while forging ahead on many projects to bring you a better banking experience. Looking back, resiliency is the best word to describe our Maspeth Federal team. I'm truly proud how everyone came together to support our community. Looking ahead, this issue focuses on how we are using our experiences and new products to serve you better. Digital banking is a top priority, as we saw how important it is for customers to be able to access and manage their money from home. Improvements to our communication tools and News Hub will help bring you information about safe banking practices and preparing for your financial future. We also give you a sneak-peek into some of the exciting products and offers we have planned for 2021. I am optimistic that this new year brings hope and success for many opportunities ahead. Maspeth Federal Savings continues to put you, our loyal customer, as our top priority. We will continue to support our neighborhood charitable organizations so that they can help those in need, and we will always be mindful of what will benefit our customers, communities and staff. Thank you for being part of our Maspeth Federal family. We are privileged to serve you and our community. Please stay safe and be well. Happy New Year. FIXED RATE MORTGAGES Apply Online Today **Annual Percentage Rate (APR) is effective 1/12/21. Available for loan amounts up to $999,999.00 for 1 to 4 family properties, condominiums & co-ops only. Rates for loan amounts of $1,000,000.00 and above will be determined by the Bank. Loans over $500,000.00 and above on 1 family homes & condominiums must be owner-occupied. Co-op loans must be owner-occupied regardless of loan amount. Up to 75% loan to value for purchases, 70% loan to value for refinances. Available to properties located in the state of NY (Manhattan, Queens, Brooklyn, Bronx, Staten Island, Nassau, Suffolk & Westchester). Rates & terms are subject to change without notice. $550.00 Non-refundable application fee is required on investment properties. Rates are for informational purposes only and are not binding until a formal commitment has been issued. First Time Homebuyers Program is available for purchase of owner occupied 1 family homes, condominiums & co-ops with maximum Purchase Price of $750,000,00, and 2 family with maximum Purchase Price of $999,000.00 only. You will receive .25% discount on Interest Rate. Down payment of 5% to 19% will require PMI (Private Mortgage Insurance). Primary 1 & 2 Family Homes, Condminiums &Co-ops 30 YEAR 15 YEAR % APR ** 3.007 % APR ** 4.258 % APR ** 2021 - A NEW YEAR To Hope, Optimism & New Possibilities. Non-Owner Occupied 1-4 &Owner Occupied 3-4 Family Homes & Condominiums Primary 1 & 2 Family Homes, Condominiums &Co-ops Non-Owner Occupied 1-4 &Owner Occupied 3-4 Family Homes & Condominiums