Many homebuyers are looking to settle in their dream estate, but economic uncertainty can throw a wrench in their plans. To help navigate this tumultuous time, Jacob Huntsman from Eastern Utah Community Credit Union joined the KOAL Newsroom to discuss mortgages at the credit union and how they can benefit the public.

Opening our discussion, Huntsman explained the difference between fixed-rate and variable-rate mortgages. “If you want a fixed rate, you don’t want to worry about what the feds will do. You just want to have a fixed rate. That’s what your rates are gonna be. That’s the way to go.”

Huntsman continued,” However, there are some benefits to having the adjustable rate. So, for example, we have a home equity line of credit that you can do. It’s a variable rate. If you just want to pay interest only, that’s the product you want to choose to help you while you’re trying to save some money in the short term. But eventually, you may want to do a fixed rate and save some money long term.”

At EUCCU, fixed rates have taken center stage with an ongoing promotion giving a 10-year fixed mortgage at 5.5% interest. Huntsman shared some additional perks of the promotion,” along with this, there are no closing costs with this promotion as well. As long as you have the equity in your home, you can do this. It’s a minimum of $30,000. So if you’re trying to do a bigger project, say you’re trying to add a roof to your home, trying to add on, if you have some debts or just want a smaller payment, this will be lower than your credit card payments. And you don’t have to worry about the variability of it.”

In addition to the peace of mind this mortgage provides, EUCCU keeps the application process simple,” either come in and sit down with me or you give us a call,” said Huntsman. “We’ll have the same conversation to the degree of what we’re having here. What are you trying to do with your finances? How much do you think you’re gonna need? And we’ll see what your goals are and make some recommendations. It’s ultimately your choice, but we’ll give you some suggestions so you can have a good idea, and then we’ll take the next steps from there.

As for why customers should choose EUCCU, Huntsman shared,” We’re local. That’s our huge thing. We want to be here when you have a problem. If you have questions, you can come anytime during the week and sit down with me and have a personal conversation. You can have my direct line, you have my email, you can text me, you can call me and I will be available for you. If I’m not, there are people available at all times, and you’re gonna talk to an actual person. You’re not gonna get transferred around. You’re not gonna be put on hold. You’re not going to have uncertainty. You’re gonna know exactly who you’re working with.”

In closing, Huntsman stated,” If you just have questions, just reach out to us. This is what we do. We’d love to hear from you, and we want to hear your concerns and questions. We want to be able to help you out with anything related to your home.”

For more information on EUCCU, visit euccu.com or follow the credit union on Facebook.