If you are planning to move, downsize or upgrade in the near future, take advantage of this mortgage option ideal for short term goals. An Adjustable-Rate Mortgage (ARM) allows you to lock in a generally lower rate for an initial fixed term. At the end of the term, the rate then adjusts as market conditions change.
- Lower rate than a fixed mortgage
- No points or hidden fees
- Up to 30 years to repay
- All servicing done by the Credit Union
- Rate-lock available at application for up to 45 days
Upon approval you will need to open an account with the Credit Union and maintain a $5 minimum balance in the account for the life of the loan.
Rates/Terms are subject to change without notice.