February 2017 - Mercer Savings Bank

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Common Financial Mistakes Millennials Make

Thursday, 23 February 2017 by Mercer Savings Bank

Millennials are financially savvy. You have to be. You may be a highly educated generation, but thanks to the nation’s economy, you make less than your parents did at your age. Thanks to that same economy, you have higher levels of student loan debt and unemployment, and lower levels of wealth and personal income than

Published in Miscellaneous

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What’s Escrow? and Other Home-buying Questions

Wednesday, 15 February 2017 by Mercer Savings Bank

Confused by the terms thrown around by your realtor or banker when discussing mortgages? Most first-time homebuyers are. And even if you’ve diligently done your research, some terms are still sure to throw you. Here’s an explanation of common mortgage terms to help: Adjustable Rate Mortgage (ARM) has a fixed rate of interest for a