Experience big savings with smaller monthly payments.
Discover how lower interest rates can benefit you.
Lower initial loan rate
Save on monthly payments
Protection from rising rates
Experience a flexible mortgage option
Buying a house is a big financial commitment that can really stretch your budget, but there's a way to lower payments during the first years of ownership. With an Adjustable-Rate Mortgage, you'll get a lower introductory interest rate - and buy yourself some time to rebuild your savings and make other purchases.
- Lock in a lower interest rate for a period of time
- After the introductory period ends, interest rates can be adjusted periodically and may both increase or decrease depending on rate market conditions
- Rates won't increase beyond a specific limit
- Adjustable-rate mortgages are a good option if you expect your income to rise or you plan to move again before the introductory period ends
Michigan First Mortgage is a division of Michigan First Credit Union, a full-service credit union with branches that are easily accessible around Metro Detroit, Grand Rapids and mid-Michigan.
