MFS Connections Fall 2021

15 YEAR 3.013 % APR** Thomas Rudzewick President and Chief Executive Officer Sincerely, Apply Online Today **Annual Percentage Rate (APR) is effective 10/30/21. 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, Condominiums &Co-ops Non-Owner Occupied 1-4 & Owner Occupied 3-4 Family Homes &Condominiums 3.763 % APR** 3.257 % APR** Primary 1 & 2 Family Homes, Condominiums &Co-ops Non-Owner Occupied 1-4 & Owner Occupied 3-4 Family Homes &Condominiums 4.508 % APR** MFS IS A GREAT PLACE TO WORK AND BANK! FIXEDRATE MORTGAGES 30 YEAR I am encouraged that with children back in school and many adults returning to the workplace, New York is reawakening. At Maspeth Federal Savings, we are continuing to support our community, customers, and employees by providing convenient services, sponsoring events, and contributing to nonprofit organizations that keep our neighborhoods strong and vibrant. I have some exciting news to share: MFS is now certified as a “Great Place to Work” among New York State’s medium-size, financial-services companies by the Great Place to Work Institute, which conducts millions of surveys on workplace satisfaction each year. We are thrilled because we know that our satisfied workforce will continue providing you with outstanding customer service! We are here to help you with major purchases. Our lending team is available to help turn your family’s dream of home ownership into reality. Whether it is a mortgage, refinance, or home-equity line of credit that you are looking for, we invite you to apply online at MFS. We also offer financing for multi-unit housing and commercial properties. This issue includes listings of merchants offering deals and discounts to our Perks Checking customers, which should save you money during the holiday season. The increased child tax- credit may provide a savings opportunity for families, and we have included ways to help children learn the value of money. We hope you find this newsletter informative as we approach the holiday season.