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Alliance Credit Union Introduces the 5/5 ARM

Alliance Credit Union is happy to announce its newest product, the 5/5 Adjustable-Rate Mortgage. Alliance hopes that with the 5/5 ARM, homeowners will find that the process of buying a home feels more comforting and enjoyable, rather than stressful.

PRLog - Aug. 27, 2012 - SAN JOSE, Calif. -- Contact:
Roxanne Alaniz
Alaniz Marketing
Ph: 415-892-5252
E: Roxanne@alanizmarketing.com

San Jose, CA/Wilmington, NC —Homeowners may be relieved to learn there are many alternatives available to a traditional 30-year fixed mortgage. Alliance Credit Union has combined the features of the fixed-rate mortgage and an adjustable-rate mortgage into a 5/5 ARM.

This new 5/5 ARM option includes five years of low and locked-in payments with rate subject to change every five years, interest rate changes limited to 2% for each adjustment period and 5% over the life of the loan, and a maximum term of 30 years. The 5/5 ARM offers greater payment stability than the 5/1 ARM since rates and payments are fixed for five-year intervals.

Alliance is always happy to help you when you are thinking of purchasing a home or refinancing. Alliance offers great rates without purchasing points and pays all associated third pary fees. For more information about your mortgage options, contact a Loan Officer at 800.232.8669.

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Source:Alliance Credit Union
Location:San Jose - California - United States
Industry:Banking, Finance
Tags:5/5 ARM, credit unions, Alliance Credit Union, adjustable rate mortgage
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