Rate-flex
Rate Flex gives you the freedom to lower your rate without the hassle or cost of refinancing
Benefits:
Locked in Rate
Ability to lower your rate in the future!
Rate-Flex drops your rate & the floor!
No refinancing fees when you use Rate Flex
Lower your mortgage rate effortlessly
Don't let current rates intimidate you and say goodbye to the complications and expenses of refinancing. With our limited time Rate Flex promotion, you can decrease your rate once during the fixed period of your adjustable rate mortgage. Grab the chance to lower your rate today!
Adjustable Rate Mortgage? (ARM)
It's a home loan that adapts to the market. You start off with interest that is fixed for a certain period of time (5, 7, or 10 years) and once that period is up, your rate can adjust once per year.
5/1
Fixed rate for 5 years, then your rate updates once a year
7/1
Fixed rate for 7 years, then your rate updates once a year
10/1
Fixed rate for 10 years, then your rate updates once a year
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Apply for an Adjustable rate Mortgage
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Stay up to date on your payments & watch the markets rates
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Let SCCU know that you want to take advantage of Rate-Flex and adjust your rate & floor!
Federally insured by NCUA. All loans subject to approval. Membership eligibility required. This promotion is for a one-time rate decrease to lower the initial rate and floor to the current rate, at a later date during their fixed period, determined by the member. Valid only for Adjustable Rate Mortgages. Contact an employee for further information about applicable fees and terms. Other restrictions may apply. Promotion is subject to change or end at anytime.
Payment Example: For a $160,000 loan on a 5/1 ARM, 30 year term with 80% LTV and an annual percentage rate of 5.804% the monthly payment would be $939. Taxes and insurance premiums are not included in the payment, the actual payment obligation may be greater than what is stated.
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