Advantages of a Credit Union Mortgage
If you're a credit union member, you can use your membership to apply for a mortgage loan. You'll be asked to provide specific documentation during the application process, including pay stubs, bank statements, and your credit history. If your application is approved, you can proceed to the next step in the process: purchasing your new home. Once you've been approved, you'll receive your final loan documents and can start your new life as a homeowner.
One advantage of a credit union mortgage is that the organization places a higher value on customer service than a bank. As a result, credit unions are more likely to offer a personalized experience. Plus, they're more likely to hold on to your mortgage than a bank will. So if you're a first-time buyer, a credit-union mortgage could be the...