When you take out a fixed-rate mortgage, stability is usually the goal. You lock in a rate, set your budget, and move forward knowing your payment won’t change even if the market does. That predictability is valuable — but it can also mean missing opportunities if interest rates drop after you close.
That’s where TRIM™ (The Rate Improver Mortgage) from LUSO Federal Credit Union comes in. TRIM is designed for borrowers who want the security of a fixed-rate mortgage today, with flexibility built in for tomorrow.
What Makes TRIM Different?
A traditional fixed-rate mortgage stays exactly the same for the life of the loan unless you refinance. TRIM offers a different approach. With a TRIM fixed-rate mortgage, borrowers have the option to modify their interest rate one time within the first five years of the mortgage — at no cost — if rates fall.
There’s no refinancing process, no restarting the loan, and no refinance fees. You keep the same mortgage and the same term, while taking advantage of a lower rate if the opportunity arises.
Why That Flexibility Matters
Interest rates move — sometimes quickly. TRIM gives borrowers peace of mind knowing they won’t be locked out of potential savings if rates decline after they purchase or refinance their home.
Lowering your rate can reduce the amount of interest you pay over time and may lower your monthly payment. Some borrowers choose to enjoy the reduced payment, while others may apply the difference toward their principal. Either way, TRIM gives you options — without forcing you into another loan.
Built for Today’s Market
TRIM mortgages are offered exclusively through select Massachusetts credit unions and are designed to support long-term financial planning. They’re a strong fit for borrowers who want to secure a competitive rate now but don’t want to feel stuck if the market changes within the first few years of homeownership.
To be eligible for a rate modification, borrowers must make at least six on-time payments, remain current on their mortgage, and continue to use the property as their primary residence. The home must be a qualifying owner-occupied property, and all loans are underwritten according to agency standards.
A Fixed-Rate Mortgage — With a Smarter Strategy
TRIM isn’t about timing the market or predicting where rates will go. It’s about being prepared. By building flexibility into a fixed-rate mortgage, TRIM helps borrowers feel more confident in their decision — today and down the road.
If you’re buying a home or refinancing and want a mortgage that works a little harder for you, the TRIM Mortgage from LUSO Federal Credit Union may be worth a closer look.
Learn more about TRIM and see if it’s right for you.
