Mortgage Financing
- Introduction
- Understanding "Points"
- Fixed-Rate or Adjustable-Rate Mortgages?
- Fixed-Rate Mortgages
- Adjustable-Rate Mortgages (ARMs)
Introduction
Deciding on the type of mortgage you will use to finance the property is a decision as important as the selection itself.
Making the wrong financing decision can be a costly mistake, especially when you consider that you'll probably be in your home for a lengthy period of time. Sure, you can refinance, but there are costs associated with that process as well.
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*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. ("CFS"), a Registered Broker-dealer (Member FINRA/SIPC) and SEC-registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. General Electric Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.