Home Loan

  • family moving into a new house
    Financial Education

    June 7, 2023

    Fixed-Rate Mortgages or Adjustable-Rate Mortgages (ARM): Which Are Better?

    When faced with an important decision, which route do you usually take: the tried-and-true option or the one off the beaten path? Believe it or not, your answer might affect your homebuying strategy, particularly when choosing a mortgage. Fixed-rate mortgages are time-tested and traditional, while adjustable-rate mortgages (ARMs) offer more flexibility and potentially lower rates. […]

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  • Couple Completing ARM loan application with ICCU loan officer
    Financial Education

    January 30, 2020

    5 Times an Adjustable Rate Mortgage Is a Good Move

    Adjustable Rate Mortgage, otherwise known as ARM, is a loan that starts with a fixed lower interest rate for a period of time, then the rate changes. The interest rate usually increases, but the rate could decrease depending on market rates at the time. At Idaho Central Credit Union, we offer 5/5 ARM home loans. […]

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