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  Balloon Mortgage

If you're looking for a short-term fixed rate loan that begins with low, fixed payments, then a Balloon Loan from MSGCU may be for you. A balloon mortgage might be a good idea if you only plan to live in your home for a few years, and want to keep your housing costs low.

Benefits

  • No prepayment penalties
  • Low, fixed rate for 7 or 10 years
  • Lower interest rate than a fully amortizing fixed-rate mortgage
  • Loans up to $750,000*
  • Unlimited use of Internet Account Access
  • Free, unlimited use of Member Connect

*Jumbo pricing may apply for loans greater than $417,000.

Current Key Mortgage Rates
Balloon Mortgages - 30 Years Am.
TermRates as low asPointsAPR* as low as
7 Years5.250%0.25%5.310%
10 Years 5.375%0.25%5.422%
  

Example: A loan amount of $150,000 at 5.250% for 30 years would have a monthly payment of $828.31.

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40400 Garfield Road • Clinton Township, MI 48038 • 586.263.8800

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