MAFCU Mortgages
Now is the time to finance your home at MAFCU
Mortgage rates are lower than ever. MAFCU can help you:
--Purchase your new home
--Refinance your mortgage
--Get a home equity loan or line of credit
Call 617-278-5600, press 2.
Shopping for a mortgage with less than a 20% down payment? MAFCU provides savings on mortgage insurance compared to most other mortgage lenders!
Example: 10% down payment on a $200,000 mortgage
| Mortgage Breakdown | ||||
|---|---|---|---|---|
| Monthly MI payment at MAFCU | Monthly MI payment at MAFCU | $61.66 | $68.24 | $96.66 |
| Monthly MI payment at bank or broker | Monthly MI payment at bank or broker | $90.00 | $108.34 | $158.34 |
| Monthly savings for you | Monthly savings for you | $28.34 | $40.00 | $61.68 |
A higher loan amount means even more savings.
Conforming Adjustable Rate Mortgages (ARM)
A variety of conforming adjustable rate mortgages (mortgage not to exceed conforming mortgage limits, 80% loan-to-value ratio)
Conforming Fixed Rate Mortgages
Conforming fixed rate mortgages for 15, 20, or 30 years (mortgage not to exceed conforming mortgage limits, 80% loan-to-value ratio)
Jumbo Mortgages
Call our Loan Department at 617-278-5600, option 2, for information
