In Loving Memory of Kathryn H. “Kitty” Gerling

It is with great sadness we announce that Kathryn H. “Kitty” Gerling passed away on Sunday, January 22, 2017.  Midstate will be closed on Friday, January 27th so that all of our staff may attend Mrs. Gerling’s funeral.

Kitty came to Midstate in 1950 as a teller and over the years worked her way up to hold the office of President and finally Chairman of the Board.  She retired in 2012 after leading Midstate through many changes, including the construction of a new main office in Rodgers Forge.  Customers were always her #1 priority and she will be missed by many.


Viewings at Mitchell-Wiedefeld, Wednesday evening from 7-9; Thursday afternoon from 2-4 and evening from 7-9; funeral services Friday morning at 10:30 at St. Andrew’s Christian Community on Roland Avenue.

3 Home Loan Myths to Watch Out For

Surely you have heard that no words rhyme with orange and silver. Everyone knows that, right?

Well, it’s a myth. The truth is that both of these words have rhymes but the words that rhyme with them are rare. Sporange rhymes with orange and chilver rhymes with silver.

While knowledge of this will hardly help you buy or sell a house, or qualify you for a home loan, there are some other myths worth knowing about. In this post, we will discuss 3 home loan myths and help you understand what the truth actually is.


The importance of understanding these myths is to avoid making costly mistakes that can be difficult to rectify later. In all areas of life, we may be operating under certain presumptions that are actually not true. We want to make sure you make the right decisions when it comes to your home loan.

If you have further questions after reading this, we invite you to contact us so we can help you with your money matters.

Myth #1: The lowest rate is the best rate

Truth: The lowest rate might appear the most appealing, but there could be strings attached like higher fees and lower flexibility, or the cheap rate might only last for a short period of time.

First, work out what product type and features best suits your lifestyle and financial needs and objectives, and then focus on cost.

Myth #2: A fixed rate loan is better than a variable rate loan

Truth: Similar to the above, the fixed vs. variable decision simply depends on which type of loan best meets your needs. Fixed loans provide repayment certainty and can save you money if interest rates rise (or lose you money if rates fall). But they can also be costly to exit during the fixed rate term and they lack the flexibility of variable rate loans.


Myth #3: Paying the minimum loan repayment each month is the way to go

Truth: If you want to reduce your interest costs and get your loan paid off as fast as possible paying more than the minimum repayment each month is the way to do it. The interest you owe is calculated daily and charged according to your repayment cycle, so the more you pay off the more you’ll save, especially in the first few years of your loan. But, if this is a strategy you’re considering make sure your lender allows for repayments above the minimum or for lump-sum payments without penalty.

When you need any help in your money decisions, please reach out and contact us.