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 Introducing the 15/15 Mortgage

Mortgage Type:
15/15
Advantages:
• Interest rate adjusts once at the 16 year mark
• Allows for higher loan amount qualification 
 Best Choice If you want:
• Low initial payments
• Some of the benefits of both a Fixed and ARM product.
 Disadvantages:
Interest rate can rise above the initial rate at the 16-year mark. Typically, at the most, this would be $250-$350 for the average loan.
 ARM Features
Please call a MC EFCU Loan Officer at 571.490.8009 to discuss the different features of your particular ARM.

 

 
 
 
 

ABA Routing Number: 255077891

Click on the below image to see details on MC EFCU's new Food Drive program


FDIC Equal Housing Lender
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