We are in the process of purchasing a new home and were wondering what, if any, are some of the advantages of financing thru a FCU. Have already been pre-approved by conventional lenders and a Credit Union but have seen CU suggested in past questions I submitted. Any thoughts/educated help would be greatly appreciated! Thanks
2007-02-17 06:12:32 · 2 answers · asked by pecflhrt 1 in Business & Finance ➔ Renting & Real Estate
Credit unions more or less are there for the benefit of it's users, whereas a bank is in the business of making money from loans. Usually credit unions offer better interest rates, higher loan amounts and the interest received from the loan helps to better the credit union you are a member of.
2007-02-17 06:20:22 · answer #1 · answered by librarianb 3 · 0⤊ 0⤋
I agree Credit unions are better for loans good luck
2007-02-17 14:10:02 · answer #2 · answered by pattibcacl 6 · 0⤊ 0⤋