Mortgage through a credit union or a bank?
What are the pros and cons? Have you considered or shopped a mortgage at your local credit union? Are you a member of a credit union yet choose a bank for your home mortgage? Why or why not?
I am honestly not sure, having not applied for a loan in so long. It would depend upon the interest rates and the terms. Generally speaking the credit union sounds like a friendlier place to get approved. When I was shopping for car loans, it was darn near next to impossible to beat the credit union's rates. But there are many good bank loans out there. I would steer clear of adjustable rates and life insurance policies, however.
From experience with personal loans-not mortgages though-it seems to be easier to get a loan through a credit union compared to a bank. The one I used to have does look at the credit score and while they may be a little more flexible than a bank, they still will turn down applications if the score is too low.
by chan0512 5 years ago
What do you prefer to use Credit Union or Bank?I have done some research and it seems CU has less fees. What do you think?
by Daniel Carter 8 years ago
I noted on the news last night that congress is trying to control bank interest rate hikes, and other predatory practices, at the same time that banks are countering such moves as quickly as they can with sudden new hidden an announced fees. So the madness continues. I've been trying to refi my...
by Earl S. Wynn 7 years ago
Which are better, banks or credit unions?
by Perfectly Imperfe 5 years ago
What option other than a bank do you recommend? Credit Union? Anything else?
by f_hruz 7 years ago
Why would you deal with a Credit Union instead of a Bank in Canada ?A question for Canadians who may know how to discover where the best rates and the better services in the financial industry in this country maybe found ...
by alexandriaruthk 6 years ago
The cost of house and mortgage rates went down, why is it that owning a house is still far fetched?The housing bubble in 2007 affected the US economy. Five years after, mortgage rates (interest) went down and the prices of houses are more affordable, still many people are renting and can't buy...
Copyright © 2018 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|