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The Payment Minimizer is a special adjustable rate mortgage based on the 12 month Treasury Average (12 MAT). The 12 MAT is not affected by the daily volatility of interest rates, and the index reacts slowly to fluctuations in short term rates. With the Payment Minimizer plan, you have three options for your monthly payment: minimum payment (like a credit card), interest only, or fully amortizing. You get to choose which option is best.
A payment minimizer mortage might work if you:
- Are self-employed or work on commission with an inconsistent income.
- Want to maximize cash flow or defer interest to offset capital gains.
To learn more about CU Home Loans's Payment Minimizer option, contact our office today. |
With the Payment Minimizer plan, you have three options for your monthly payment... You get to choose which option is best.
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