March 13, 2008
You may have heard recent news about adjustable rate mortgages and how they have affected some homeowners. Please know that these stories DO NOT reflect the ARMs offered by SLFCU. Unlike bank loans, our adjustable-rate mortgages are tied to a very slow moving index, the Ten Year Treasury Security, giving you better options and more peace of mind. You’ll benefit from low up front costs, no escrow account to tie up your funds, and a wide choice of terms. We can also reduce or eliminate your down payment if you have good credit.
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