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Massachusetts Credit Union Share Insurance Corporation Launches TRIM™ (The Rate Improver Mortgage)
TRIM™ Provides Peace of Mind & Savings to Homebuyers if Interest Rates Drop
(Newton, MA) Mike Hanson, President & CEO of Massachusetts Credit Union Share Insurance Corporation (MSIC), today announced the launch of TRIM™: The Rate Improver Mortgage - an innovative consumer-friendly mortgage product aimed at alleviating mortgage costs and fees for homebuyers if interest rates decline during a certain period.
With a 30-year TRIM™ fixed-rate mortgage, if interest rates drop within the first five years, borrowers will be able to float down their interest rate with no fees – allowing them to save thousands of dollars in refinance fees and interest payments.
“Buyers who have concerns about mortgage rates dropping after they purchase a home now have the perfect solution: TRIM™ - The Rate Improver Mortgage. TRIM™ is a smart choice for any new homebuyer,” said Jeff Lipes, Head of CUSO Operations at MSIC. “Thanks to TRIM™, borrowers can buy their dream home with the peace of mind of knowing that if interest rates go down, so too, can their mortgage rate. In today’s uncertain interest rate environment, TRIM™ is unquestionably the right solution at the right time for homebuyers.”
TRIM™ mortgages are offered exclusively through select Massachusetts Credit Unions. Consumers who are not members of a credit union should check with a participating credit union to see if they are eligible to become a member. Visit www.msic.website/TRIM to find a participating credit union.
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