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Get Conventional Mortgages - Mid-Hudson Valley Federal Credit Union

Rate applies for the entire term of the mortgage so your monthly principal and interest payment remains the same for the life of the loan. Borrow up to 100% (with PMI insurance) of the purchase price or appraised value, whichever is less. Adjustable Rate Mortgage (ARM) . An ARM is a mortgage that has an interest rate that is fixed for a certain period after which it adjusts yearly, based on a recognized index. Borrow up to 100% (with PMI insurance) of the purchase price or apprai.

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