Monday, November 13, 2006

Community Worker Mortgage



You Give To the Community Every Day - Now Spencer is Giving Back To You

Community members employed by Fire Departments, Police Departments, Educational Systems, and Boroughs in more than 60 towns surrounding the 17 Spencer Savings Bank branches are invited to apply for a Community Worker Mortgage for a 1 or 2 family owner occupied NJ property. With this mortgage you will be offered more relaxed lending guidelines,which includes a 10% down payment without PMI (Private Mortgage Insurance) instead of 20% down. There is also a refunded application fee and a 1/8% rate discount when your monthly payments are auto deducted from a Spencer checking account.

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