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Merchants and Farmers Bank offers a complete line of consumer and retail lending products.
Home Equity Line of Credit
* The annual percentage rate (APR) is a variable rate and can change daily. The rate is Prime Rate published daily in the money rate section of the Wall Street Journal. For Example, the Prime Rate on December 22, 2009 was 3.25%. If you choose to make the minimum interest payment, you will not repay the principal outstanding on your account. You will be required to pay the outstanding balance in a single payment when the 7 year draw period ends. A $50.00 annual fee applies after the first year. Property insurance is required, and flood insurance may be required. Consult your tax advisor about the deductibility of interest. Offer applies to owner-occupied, 1-4 family residences located in the State of Alabama. The line is subject to credit approval, appraisal, title policy, or title search. Certain closing costs will apply and an early termination fee.
Auto, Truck and Mobile Home Loans
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