Adjustable-rate home loan
Adjustable-rate mortgages (ARMs) offer a savings of up to $500 off closing costs1, and have an interest rate that may change periodically depending on changes in a corresponding financial index that’s associated with the loan. When the rate changes, generally, your monthly payment will increase if rates go up and decrease if rates fall. An adjustable-rate home loan may offer you the flexibility you need if you expect future income growth or if you plan to move or refinance within a few years.
1$500 reduction off of closing costs for Oregon State Credit Union Premier Members and does not apply to Home Equity Line of Credit, Home Equity Loan or Land Loan.Go to main navigation