10 Questions to Ask Your Lender
Be sure you find a loan that fits your needs with these comprehensive questions. What are the most

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10 Things a Lender Needs From You
W-2 forms or business tax return forms if youre self-employed for the last two or three years for every

Read more

Choices That Will Affect Your Loan
Mortgage term. Mortgages are generally available at 15-, 20-, or 30-year terms. The longer the term, the

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What Is Appraised Value?
It's an objective opinion of value, but it's not an exact science so appraisals may differ. For buying and

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Understanding Capital Gains in Real Estate
When you sell a stock, you owe taxes on your gainthe difference between what you paid for the stock and what

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8 Steps to Getting Your Finances in Order
Develop a family budget. Instead of budgeting what you'd like to spend, use receipts to create

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8 Ways to Improve Your Credit
Credit scores, along with your overall income and debt, are a big factor in determining if you'll qualify

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5 Factors That Decide Your Credit Score
Credit scores range between 200 and 800. Scores above 620 are considered desirable for obtaining a mortgage.

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10 Questions to Ask Your Lender
Be sure you find a loan that fits your needs with these comprehensive questions. What are the most

Read more

10 Things a Lender Needs From You
W-2 forms or business tax return forms if youre self-employed for the last two or three years for every

Read more

Choices That Will Affect Your Loan
Mortgage term. Mortgages are generally available at 15-, 20-, or 30-year terms. The longer the term, the

Read more

What Is Appraised Value?
It's an objective opinion of value, but it's not an exact science so appraisals may differ. For buying and

Read more

Understanding Capital Gains in Real Estate
When you sell a stock, you owe taxes on your gainthe difference between what you paid for the stock and what

Read more

The Pros and Cons of Condos
Condominiums and townhouses offer an affordable option to single-family homes in most areas. But consider

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How High Tech Is Your Home?
If the latest technology or entertainment options are important in your new home, add the following questions

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Mutual Security Credit Union, NMLS #411722

Mortgage Markets CUSO LLC (credit union service organization), operates for the benefit of credit unions and credit union members offering Conventional, FHA, VA, USDA, and jumbo mortgage products. By collaborating with other credit unions in a cooperative effort, Mortgage Markets CUSO LLC has developed leading edge technology, mortgage expertise, local underwriting, and excellent personal service. Not all products and options are available in all states. Mortgage Markets CUSO LLC, NMLS #157939


ARMS:
The terms disclosed assume a $200,000 Adjustable Rate Mortgage loan at 75% loan-to-value for purchase of a single-family, owner-occupied property in Danbury, CT, 740 credit score, and 30-day rate lock with no Discount Points. All loans subject to credit and property approval. Not all applications submitted may qualify and rates may vary based on the specific loan scenario. Terms and conditions may apply. These adjustable payments do not include taxes and insurance, total monthly obligation will be higher. Additional rates may apply for higher or lower loan amounts, loan purpose, credit score, or LTV.

5/1 ARM:
The rate is fixed for 5 years, then adjusts every 12 months with a max 2% first adjustment, then a max of 1% every 12months, with a lifetime 6% cap on increases to a max rate of 11.125%. One Year Treasury Index, 2.75% Margin. Initial Interest Rate 5.125% / APR 6.294%. 60 principal and interest payments of $1088.97, Month 61-72 Interest Rate 7.125% principal and interest payments of $1315.05, Month 73-84 Interest Rate 8.125% principal and interest payments of $1432.11, Month 85-96 Interest Rate 9.125% principal and interest payments of $1550.18, Month 97-108 Interest Rate 10.125% principal and interest payments of $1668.84. Months 109 and after Interest Rate 11.125% principal and interest payments $1787.70.

7/1 ARM:

The rate is fixed for 7 years, then adjusts every 12 months with a max 2% first adjustment, then a max of 1% every 12months, with a lifetime 6% cap on increases to a max rate of 11.25%. One Year Treasury Index, 2.75% Margin. Initial Interest Rate 5.25% / APR 6.181%. 84 principal and interest payments of $1104.41, Month 85-96 Interest Rate 7.25% principal and interest payments of $1317.98, Month 97-108 Interest Rate 8.25% principal and interest payments of $1427.96, Month 109-120 Interest Rate 9.25% principal and interest payments of $1538.41, Month 121-132 Interest Rate 10.25% principal and interest payments of $1648.89. Months 133 and after Interest Rate 11.25% principal and interest payments $1759.05.