Credit Union vs Bank?
Posted: Tue Mar 06, 2012 10:09 am
This might be a This or That topic, but seeing as the mortgage topic is here anyways, what the hey.
So i'm doing some more research about mortgages, and i suppose a generic statement can be made that usually Credit Unions give better rates than Banks, but the downside is that they have less resources and probably won't provide you as much personal help as a bank can. Also, CU's can be easier to get approved if you have bad credit, but banks provide a larger array of products to choose from.
That being said, i know most of us "bank" with banks anyways, but if there are those of you who have dealt with CU's, is there anything you can add to the pro/con discussion?
somehow i think when i'm ready to buy a place, i'll just go with the cheapest rate i can get anyways. but still, it'd be nice to know what else to consider.
So i'm doing some more research about mortgages, and i suppose a generic statement can be made that usually Credit Unions give better rates than Banks, but the downside is that they have less resources and probably won't provide you as much personal help as a bank can. Also, CU's can be easier to get approved if you have bad credit, but banks provide a larger array of products to choose from.
That being said, i know most of us "bank" with banks anyways, but if there are those of you who have dealt with CU's, is there anything you can add to the pro/con discussion?
somehow i think when i'm ready to buy a place, i'll just go with the cheapest rate i can get anyways. but still, it'd be nice to know what else to consider.