The index used to determine payments for Adjustable Rate Mortgages (ARMs) is changing.
Learn more about the switch.
Spectrum Credit Union recognizes there’s no one-size-fits-all solution, especially when it comes to a home loan.
Whether you’re a first-time homebuyer or a seasoned borrower, you may prefer a mortgage with an interest rate that grows over time. For example, if you’re early on in your career and expect your income to grow over time, an adjustable-rate mortgage allows you to have an initial lower payment, which translates into increased purchasing power up front. This means you can take the time you need to grow into a higher interest rate.
If you’re eligible for membership, we’re ready to hear from you. Not sure if you’re eligible? You can check if you qualify here.
Why join Spectrum Credit Union? Learn more.