The Rate Improver Mortgage (TRIM) allows you to trim down your mortgage payments with one free float down of the interest rate within the first 5 years of your closing date.
After closing on your “TRIM” mortgage loan, you have the unique opportunity to keep an eye on mortgage rates and choose the best time to reduce your rate within the first 5 years.
Determine the optimal moment to float down your rate by visiting the Primary Mortgage Market Survey (PMMS) by Freddie Mac and checking the “30-yr FRM” rates.
Once you decide to float down, simply contact our Servicing Department at 617-547-3144 option 7.
Your new lower rate will be locked in on the day you communicate with us, and at no additional cost!
Features
- Get your dream home in today’s market and trim down your mortgage later
- One free float down of the interest rate within the first 5 years of your closing
- Our team of local lenders can help you in a timely and efficient manner
- Ability to turn on eBills
Take control of your mortgage and save with “TRIM” today using the Apply Now button below!