Have you ever seen a house fly? No, no, not a housefly! We’re talking about taking your home to all new heights.
As home rates increase, we here at Inspire are thrilled to introduce an adjustable-rate mortgage (ARM)* as an option for house hunters looking for a lower rate, or if you’re stretching to afford your ideal home.
You can catch this lower rate and use it to exterminate a rising mortgage rate. After three, five, or seven years, your rates will adjust to the rate of the index. You’ll also be entitled to:
- Lower Rates and Payments
- 5/5, 7/1 and 10/1 Options†
- Increase Purchasing Power
- Build Equity Faster
So, grab your net and start hunting, you’ve got the best partner with Inspire FCU!
*ARM = Adjustable Rate Mortgage. Rates and terms will vary based on an applicant’s creditworthiness. All applicants are subject to approval. 5/5 ARM—rates are based on the 5-year Treasury Note rate plus a margin; loan interest rate will adjust one time each fifth year based on the index plus a margin. †7/1 ARM—rates are based on the 1-year Treasury Note rate plus a margin; rate will be fixed for 7 years and adjust annually after the initial fixed rate period based on the index plus a margin. 10/1 ARM—rates are based on the 1-year Treasury Note rate plus a margin; rate will be fixed for 10 years and adjust annually after the initial fixed rate period based on the index plus a margin. At the time of each adjustment, the monthly payment obligations may change based on the adjusted interest rate. Adjustments will not exceed 2% of the then current interest rate and may not exceed 6% of the original interest rate through the term of the loan. See credit union for details. Federally insured by NCUA. Equal Housing Lender. NMLS # 491584.
