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The right mortgage, on your terms
With the housing market so uncertain, people are understandably uncomfortable with adjustable rate mortgages (ARMs). Sometimes,however, an ARM is the perfect mortgage choice—if you plan to be in your home for only 5-7 years, for example. If an adjustable rate mortgage fits your situation, GHCU is offering some of the best ARMs around.
Affordability
GHCU’s rates on ARMs are extremely competitive, particularly for “jumbo” loans (more than $417,000). As of April 20, 2009,
- A 5/1 Jumbo ARM with GHCU is 4.50%, compared to 6.00% or higher with other lenders.
- A 7/1 Jumbo ARM with GHCU is at 4.75%--other financial institutions have rates as high as 7.25% for a similar loan.
GHCU’s ARMs are priced well below the market for a 30-year fixed loan, potentially saving borrowers thousands of dollars in interest. Additionally, our fees are generally far lower, and there’s never a pre-payment penalty.
Applying for a loan with GHCU makes good fiscal sense—and we make it simple. You can apply online via our secure service, you can visit one of our branches, or you can call us at 206-298-9394 or 800-562-5515.
Imagine: freedom from high fees
Credit unions like Group Health Credit Union have members, not shareholders. Without shareholders, we can keep fees and interest rates on loans lower and returns on savings products higher. This keeps our members happy.
GHCU introduces eco-friendly home equity line of credit
If it’s time to replace your washing machine or install new windows on your house, we’ve got a great, “green” offer for you. Apply for a new home equity line of credit (HELOC) or activate an existing one between April 13 and July 31, 2009, use the money to purchase energy efficient fixtures or appliances, and you’ll earn bonus PurplePoints to redeem on GHCU products!
It’s our way of saying “thank you” for purchasing products that are friendlier on our environment.
Here’s how the program works:
- Apply for a new HELOC* or activate an existing HELOC between April 13 and July 31, 2009. (A new HELOC or an advance from an existing HELOC of $10,000-$50,000 will entitle the borrower to 1,000 PurplePoints. A new HELOC or an advance from an existing HELOC of $50,001+ will entitle the borrower to 2,000 PurplePoints.)
- Purchase Energy Star-approved products between April 13 and July 31, 2009.
- Send your product receipts to GHCU by August 15, 2009. (Required to be eligible for PurplePoints.)
- Apply your PurplePoints toward increasing the interest rate on a savings product or reducing the rate on a loan!**
About Energy Star
Energy Star is a joint effort between the US Environmental Protection Agency and the US Department of Energy. The program encourages consumers to purchase fixtures and appliances that save energy while producing fewer greenhouse gases. And use of these energy efficient products can save households hundreds of dollars a year in energy costs!
Call 206-298-9394 or 800-562-5515 or visit one of our branches to get started saving money, energy and our environment!
*Subject to credit approval.
**Increase new certificate rate by 0.25% or decrease new loan rate by 0.25% (excludes mortgages, Visa and line of credit products).
Switch Kit
Are you ready to make the switch to GHCU? We make it easy with our switch kit.
Annual Reports
(Downloads are in PDF format and require Adobe
Reader, available here.)
Want to know more
about your credit union? Read on!
2008 Annual Report
2007 Annual
Report
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