With a fixed-rate mortgage, the interest rate stays the same during the life of the loan. With an adjustable-rate mortgage (ARM), the interest changes periodically, typically in relation to an index. While the monthly payments that you make with a fixed-rate mortgage are relatively stable, payments on an ARM loan will likely change. There are advantages and disadvantages to each type of mortgage, and the best way to select a loan product is by talking to us.
Leaders Credit Union offers mortgage loans at affordable rates.
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For more information regarding pre-approval and mortgages with Leaders Credit Union, feel free to contact a Loan Officer today!
Keep tabs on your Credit Report for better borrowing
The first step to financial fitness is knowing where to start. View your FICO® Score for free, updated quarterly, inside the Leaders Credit Union mobile app or request your free Financial Wellness Check-up in-branch with your Leaders Financial Champions.
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