Is a bank or a credit union better for mortgage loans? I am with a bank and heard that credit unions are a?
Mrs! asked:
better way to get approved for mortgage loans, and are overall better. Is this true?
Thanks!
credit unions are way better than normal banks
Generally,a credit union has better rates.
Since the real estate market has been hit hard,it would be wise to shop around to get the best deal on a mortgage.
Also try to get a non-transferable clause in the contract,that will prevent the loan from being sold to another financial institution.
Credit unions can be very good, but not all of them offer mortgages.
I think a credit union would be better