Should I use my Credit Union?
“I’m going to be buying a home soon and I’m a member of the XXXXXXXX (name deleted) Credit Union. Should I go there to get my home loan or to my bank?”
***ANSWER:
Credit unions are funny. Because they’re non-profit, you get some curious results…
Occasionally, credit unions have slightly more favorable rates than other lenders. And at other times their rates are above market.
A downside to credit unions, in my experience, is that they offer much fewer loan options, are less flexible, and tend to be much slower than banks.
I use the biggest mortgage lender in the county. If you’d like to talk with them, call me at (858)457-KENT and I’ll put you in touch with my favorite loan representative.
