Construction Loan Special

Q. What is the special?

A. Construction loans in excess of $100,000 will be interest free during construction or the expiration of six months whichever occurs first.

Q. How do I get involved?

A. By completing a loan application at either the Mount Carmel or Numidia locations.

Q. Will I qualify?

A. This offer extends to prospective borrowers who have established excellent credit histories and are building with an established builder. Your credit rating and other standard underwriting practices will determine if you qualify. As soon as you complete your formal application, we will process it and notify you normally in 48 hours.

Q. Will the 'interest free during construction" benefit to me be offset by other bank fees? Absolutely not

A. The only fees you pay to the Bank are a one (1%) percent loan construction fee and a document preparation fee of $200.00. No other fees are payable to the bank. You will be required to pay to third party providers for an as-built appraisal, title fees, construction inspection, credit report, flood certification and filing fees.

Q. What if we pay off our mortgage ahead of schedule?

A. Obviously, we are offering this great savings in construction interest with the expectation of a long-term relationship with you. Therefore, if the loan is paid within thirty-six (36) months of the commencement of amortization, for any reason other than refinancing with us, a one (1%) percent charge will be payable as part of the final repayment. No charge will apply to payoffs occurring after the completion of the third year amortization.

Q. Service?

A. UNB prides itself in service before, during and after closing. We don't sell our loans. You will make your payments to us. You can always call us to talk about any concerns.

Q. Who do I contact?

A. We would appreciate if you would call in advance to make an appointment to complete the required application. Simply call Mount Carmel (570-339-1040) or Numidia (570-799-0176) and say your want to schedule an appointment. Our friendly staff will assist you. Our loan officers will also be available to answer any preliminary questions you may have prior to coming to file an application. You can also contact us on the World Wide Web @ www.unbmountcarmel.com

This offer is subject to change without notice and maybe withdrawn at the discretion of the lender.