Unless you have deep pockets, you will most likely need to take out a mortgage when you purchase your home. The mortgage process is an extensive loan-seeking process which you conduct before looking for a new place to live, so that you know how much you’ll be able to borrow and how much of your own money you’ll have to pay.
Traditionally, most home buyers turn to their bank or a private lender to get a mortgage for their house. However, some people may sign up with a credit union instead of a bank to house their funds. If you use a credit union, you may be asking yourself, are credit unions also good for mortgages? As it happens, credit unions are great for mortgages, and here’s why.
Lower fees and more flexible terms
There are two main issues when it comes to banks and mortgages. The first issue is … Read the rest