Adjustable-Rate Mortgage (ARM)

An Adjustable-Rate Mortgage will typically offer a lower interest rate that is fixed for an initial period and then will adjust after the initial fixed period has ended. An Adjustable-Rate Mortgage may be the right choice if you:

  • Plan on moving in seven years or less
  • Are looking for payments that are initially lower
  • Will have increased income in the future and would like lower payments now

Adjustable-Rate Mortgage Loan Benefits

  • A low fixed-rate for a specified period of time, then adjusts based on the terms of your mortgage agreement
  • Flexible terms including: 3, 5 and 7 years
  • No prepayment penalties
  • Make mortgage payments and check your balance through Online & Mobile Banking or by phone

Customizable Solutions

DuPage Credit Union also offers a variety of unique mortgages that can be customized to meet your specific needs to include but are not limited to:

  • Moderate to low income options
  • No PMI (Private Mortgage Insurance) options
  • Less than perfect credit options
  • Low interest rate options
  • Combined instant home equity options

Why Choose DuPage Credit Union for Your Home Loan

With over seven decades of experience, our Team of Home Loan Experts have built a solid foundation of trust, dependability and local expertise helping Members finance their homes. Also enjoy:

  • Our local non-commissioned home loan experts who will work with you from your application, to closing and throughout the life of your loan.
  • Our Mortgage Care-N-Tee to meet your original closing date.
  • No application fee until you lock your rate.
  • A rebate of up to $5001 at closing when you buy a home with one of our Preferred Realtors.
  • Lower Private Mortgage Insurance (PMI), if applicable.
  • Up to 5 coupons for 15% off each from Sears.

Rating


0