Short-term savings with long-range possibilities
If you're looking for a low-cost, short-term mortgage but want the flexibility to keep the loan longer, a Michigan Schools and Government Credit Union ARM might be right for you. It's important to know that Adjustable-Rate Mortgages have caps that protect you from big increases in interest rates. For more information, contact our Mortgage Experts.
|ARM loans amortized for 30 years. Here is just an example of the great rates we currently offer.|
|Term||Rates as low as||APR*||Payment*|
*APR = Annual Percentage Rate. The initial payment is based on a $150,000 loan amount, amortized for 30 years. The interest rate is variable and subject to change after 5 years. After the initial 5 years, the principal and interest payment can change every year for the remaining life of the loan. The payment consists of principal and interest and does not include taxes and insurance premiums. The actual payment amount will be greater.
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