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Shore Community Bank Newsletter  |  732-573-1136July 2018

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Shore Specials!

Check out our Summer CD Sale!

36-Month CD 

Rate 2.226%         APY* 2.250%


*Rate/Yield Effective: 7/09/2018
*$500 minimum to open. Annual percentage yields assumes interest will remain on deposit, withdrawal will reduce earnings. Fees could reduce earnings. Interest rates and annual percentage yields subject to change with notice. Penalties may apply for early withdrawals.


Mortgage Rates!

30 Year Conventional Fixed Rate
4.50% APR 4.56%*
& 15 Year Conventional Fixed Rate
4.25% APR 4.05%**

Call 732.573.1136 or visit any one of our Branches for a customized rate quote and
FREE mortgage checkup!

*Payment example: On a 30 year fixed mortgage with a loan amount of $200,000 and an interest rate of 4.50%, the principal and interest payment would be $1,013.37 per month.  **On a 15 year fixed mortgage with a loan amount of $200,000 and an interest rate of 4.25%, the principal and interest payment would be $1,504.56 per month. Rates based on 20% down payment purchase transaction up to $453,100 loan amount. Interest rates on mortgages may vary. Rates are subject to change without notice.

Using CDs for Your Savings
The advantages and drawbacks of putting your money in a certificate of deposit

If you have funds that you want to squirrel away without the temptation to dip into them, consider putting the money into a certificate of deposit.

How to Value Your Business When Selling
Your business’s true value might shock you

There are many reasons to sell a business as well as many reasons to have an up-to-date business valuation even if you aren’t selling. Regardless of the reasons, a number of factors will play a part in determining the value of your business. On top of that, all of them require a professional to properly assess.

Which Industries are Safer Bets for Your Investments?
Diversify your investments across safe industries

No matter the strength of the economy, all investments carry some amount of risk. You can help secure your investments by distributing your money across entire industries rather than into individual companies. Go a step further by contributing to companies that are safely expected to grow over the long term.

Should You Get a Construction Loan or a Home Equity Line of Credit?
Build the home of your dreams with the help of these financial opportunities

It’s always been your dream not to simply buy a home for retirement, but to build one from the ground up that is perfectly suited to your vision for how you want to spend your twilight years. To achieve this dream, two of the major financial options to consider are borrowing against the value of your current home with a home equity line of credit or taking out a construction loan.

Published by Shore Community Bank
Includes copyrighted material of IMakeNews, Inc. and its suppliers.
Disclaimer - All content contained in this newsletter is for informational purposes only and should not be relied upon to make any financial, accounting, tax, legal or other related decisions. Each person must consider his or her objectives, risk tolerances and level of comfort when making financial decisions and should consult a competent professional advisor prior to making any such decisions. Any opinions expressed through the content in this newsletter are the opinions of the particular author only.
June 2018
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