With a TRIM™ Rate Improver Mortgage, if interest rates drop within the first five years of your closing date, you can float down your interest rate one time with no fees. You’ll “trim” down your mortgage payments and save thousands in refinancing costs and interest over the life of the loan.
No Fees, No Hassles
Simply monitor the “30-yr FRM” interest rates on Freddie Mac’s Primary Mortgage Market Survey. If it drops below your current rate within five years of your closing date, contact our Servicing Department to lock it in. The new lower rate will be effective with your next monthly payment!
TRIM™ Mortgage Eligibility
To be eligible to float down your rate, you must be current on your mortgage, the property must still be your primary residence, and you must have made at least six monthly mortgage payments.
- Property and casualty insurance is required.
- Flood insurance is required if the property is in a flood zone.
- Single-family, owner-occupied dwellings or owner-occupied warrantable condos only.
Experience the Credit Union Difference
With our great credit union mortgage rates and low fees, more money goes to your new home, and mortgage pre-qualifications are always free.
Our TRIM™ Mortgage rates take a great thing and make it better, allowing you to save even more if the rates drop within the first five years of your loan.
Mitigate Against Market Volatility
Mortgage rates have fluctuated dramatically over the past five years, reaching a record low in 2021 and then increasing through 2024. With a TRIM™ fixed-rate mortgage, you won’t miss out on your new home waiting for rates to drop. You can lock in our best rate now, and then choose to lower it if rates drop within the next five years.
When rates drop, you save. That’s Freedom!