Low-rate Mortgage Loans
Local people you can trust.
East Idaho Credit Union has teamed up with Centennial Lending to get you in the home of your dreams. Working with Centennial Lending makes the process fast, simple and headache free.
Take advantage of our flexible loan terms, and rates that you cannot afford to miss. Whatever your home loan goals are, we can make it happen.
We are dedicated to providing you with the right financial advice in assisting you through the process of purchasing or refinancing the home of your dreams.
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Getting a new mortgage to replace the original is called refinancing. Refinancing is done to allow a borrower to obtain a better interest term and rate. The first loan is paid off, allowing the second loan to be created, instead of simply making a new mortgage and throwing out the original mortgage.
A cash–out refinance is a refinancing of an existing mortgage loan, where the new mortgage loan is for a larger amount than the existing mortgage loan, and you (the borrower) get the difference between the two loans in cash.
An FHA loan is a mortgage insured by the Federal Housing Administration. Borrowers with FHA loans pay for mortgage insurance, which protects the lender from a loss if the borrower defaults on the loan.
A VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs (VA). The loan may be issued by qualified lenders. The VA loan was designed to offer long-term financing to eligible American veterans or their surviving spouses (provided they do not remarry).