Fifth Third Mortgage Company Offers Additional Discounts to Home Buyers
July 11 2011 - 8:44AM
Business Wire
Fifth Third Mortgage Company, a subsidiary of Fifth Third Bank
and the 13th largest mortgage originator in the country (Inside
Mortgage Finance, First Quarter 2011), today announced additional
incentives for homebuyers.
For a limited time, Fifth Third Mortgage is offering customers a
choice on a new purchase mortgage incentive. Customers can select
either a 1% interest rate reduction for the first year of the
mortgage or take a 1/8th percent (.125%) interest rate reduction
for the life of the loan. This special discount is available on new
fixed rate purchase mortgages only and is not available on bond,
rural housing, investment, construction to perm or lot programs and
expires on 8/31/11.
“While our mortgage rates continue to be some of the most
competitive in the market, we want to do everything we can to help
our customers save as much money as possible,” said Bob Lewis,
president of Fifth Third Mortgage Company. “In addition, we believe
it’s important to give our customers options – letting them choose
which incentive works best for their needs and their lifestyles.”
Lewis explained that, in addition to the incentives mentioned,
Fifth Third also is offering an additional ½ percent discount point
savings (an estimated $750 savings) if a customer has the monthly
mortgage payment automatically deducted from a Fifth Third Bank
account.
For more information on Fifth Third’s mortgage incentives, call,
click or come into any Fifth Third Banking Center.
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. The Company has $110 billion in
assets and operates 15 affiliates with 1,316 full-service Banking
Centers, including 103 Bank Mart® locations open seven days a week
inside select grocery stores and 2,445 ATMs in Ohio, Kentucky,
Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia,
Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third
operates four main businesses: Commercial Banking, Branch Banking,
Consumer Lending, and Investment Advisors. Fifth Third also has a
49% interest in Vantiv, formerly Fifth Third. Fifth Third is among
the largest money managers in the Midwest and, as of March 31,
2011, had $274 billion in assets under care, of which it managed
$26 billion for individuals, corporations and not-for-profit
organizations. Investor information and press releases can be
viewed at www.53.com. Fifth Third's common stock is traded on the
NASDAQ® National Global Select Market under the symbol "FITB."
Member FDIC. Equal Housing Lender.
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