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Are you in the market for a home and searching for a product that will allow you to enjoy a lower interest rate the first 10 years of your mortgage? SEFCU Mortgage Services offers a 10/6mos adjustable-rate mortgage that could be exactly what you're looking for.

What is an ARM?
An adjustable-rate mortgage (ARM) offers a fixed rate for a specified term and then the rate becomes adjustable for the remainder of the mortgage. For a 10/6mos ARM the rate is fixed for the first 10 years providing you the security of knowing your mortgage payment will remain the same during that time. After the first 10 years your interest rate will adjust every 6 months (the "6" in the "10/6mos ARM") so your payment could fluctuate from year to year.

Benefits of a 10/6mos ARM
Quite possibly the biggest benefit is that you can have 10 years of a lower interest rate than what you can get from a 30-year fixed mortgage. If you plan to sell your house within 10 years, there is no reason to lock in an interest rate when you can take advantage of the lower payments for the first 10 years of the mortgage and then sell your home or refinance.

Our 10/6mos ARM:
Has no pre-payment penalty
Is competitively priced below our fixed-rate mortgages

 

*Available to SEFCU members only on owner occupied or second home only. Par rate up to 270* day lock Debt to income (DTI) limits apply: - 36 max DTI from 720-739 -41 max DTI with 740. Locks over 60-days require 1% up front refundable lock deposit 360-month amortization only. Ask for a full listing of products and details. Please note: We reserve the right to alter or withdraw these products or certain features thereof without prior notification.

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Copyright © 2018 SEFCU Mortgage Services
SEFCU Mortgage Services is a wholly owned subsidiary of SEFCU. Licensed Mortgage Banker - NYS Department of Financial Services
NMLS Company ID - 309847

Mortgage Servicing Questions Only

 

Mortgage Loan Servicing Help Center

Main Number 518-783-1234

 

Existing Mortgage Servicing Questions 518-464-5378

General Mortgage Servicing Inquiries via email:

smsloanservicing@sefcu.com

 

Existing Escrow Account 518-783-1234 ext. 4006

General Escrow inquiries via email:

realestateescrow@sefcu.com

 

Monday - Friday 8:00 AM - 4:30 PM EST

Copyright © 2018 SEFCU Mortgage Services
SEFCU Mortgage Services is a wholly owned subsidiary of SEFCU. Licensed Mortgage Banker - NYS Department of Financial Services
NMLS Company ID - 309847