Platinum Swing Trade Alerts

The 10-Buck Broker (Long-Term Stock Picks)

Announcement

Collapse
No announcement yet.

Where To Apply For A Mortgage - Bank Or Credit Union?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Where To Apply For A Mortgage - Bank Or Credit Union?

    Many people dream of owning the perfect home. It is their main goal in life to secure a safe haven for them and their family. Buying a home is a complex process, one that requires a lot of important decisions. This includes finding a reliable mortgage lender. Will it be a Massachusetts bank, or a local credit union?

    To determine which type of financial institution is right, you will have to learn more about their operations and which services they can provide to you. These issues should definitely be investigated, as not all lenders are alike. For instance, Massachusetts credit union is a not-for-profit financial institution, whereas a bank is geared towards making lots of profit. That will, of course, reflect in their fees and interest rates.

    Both agencies concur; mortgages are loans that are secured by a lien on the house you purchase. Although this is one factor they agree upon, there are plenty of issues a Massachusetts bank and an MA bank have different philosophies on. Here are a few examples.

    1. Banks will accept anyone, while credit unions are limited to the people living in their community and state. Because they accept applications from everyone, banks tend to have stricter lending requirements.
    2. They are nonprofit, which means that they can offer lower interest rates on loans and mortgages than a Massachusetts bank. Credit union banking fees are also lower, just like their down payments and upfront closing costs.
    3. If you want a large selection of mortgage types to choose from, apply at a bank in MA. Of course, it does not mean that because their mortgage department offers fewer solutions than a bank, that a credit union will not try to accommodated your mortgage needs. Talking to a mortgage consultant does not cost you a penny, so why not inquire about your options, before you get roped into an expensive mortgage elsewhere?

    Remember, when you open an account at a credit union, you are not just a customer - you also become one of the owners, and you will be treated as such!



    Article Source: http://EzineArticles.com/5916676
    Platinum Swing Trade Stock Alerts(FREE 14-Day Trial)

    The 10-Buck Broker (Long-Term Stock Picks)


    Best Stock Picking Services

    Sign up for the forum to reply to this post!!!


    Best FOREX Signals Software

    Stock Market Investing For Beginners


    "Step into the arena and hold on to your hat. Don't get discouraged if you don't make 8 trillion dollars in your first month. Trading is not a get rich quick scheme. Realize that trading is a skill and just like any other skill it takes time to learn. Have convictions in your decisions in life and trading. Ignore the comments and "advice" of those that have never traded a day in their life."

    Good KARMA and positive energy abound.


    Terms Of Service

    Disclaimer: This website provides information about the stock market and other investments. This website does not provide investment advice and should not be used as a replacement for investment advice from a qualified professional. This website is for informational purposes only. The Author of this website is not a registered investment advisor and does not offer investment advice. You, the reader, bear responsibility for your own investment decisions and should seek the advice of a qualified securities professional before making any investment.

    Promoted content: You should assume that this website has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this website and may receive commissions from purchases you make on subsequent websites. Always exercise due diligence before purchasing any product or service. This website contains advertisements.
    Best stocks to buy now Stock Market
    Best stocks to buy now
    Dow Jones TodayDJIA
Working...
X