Whether you are a first-time home buyer or a seasoned veteran, you likely already know that there are many options available when choosing a mortgage lender to buy a new home.
Many people choose large banks or corporations for their mortgages because they feel that they can get a better rate – but is that really true? Read on to find out!
- With A Credit Union You’re More Than Just A Number
When you apply for a mortgage loan with a credit union, you’re more than just a number, you’re a member. As a member of a credit union you can take advantage of lower fees, better rates and superior customer service. Credit unions can offer these benefits and more because they are not-for-profit organizations.
Not already a member of a credit union? Becoming one is easier than you think! Palisades Credit Union is proud to be the first federally insured community chartered credit union in Rockland County. Individuals who live, work, worship, volunteer or attend school in Rockland County, New York can join us. Simply use this link to apply online to become a member of Palisades Credit Union today!
- You Could Save Money With A Credit Union
Credit unions are known for having lower fees when compared to most big banks. How can credit unions offer such great rates? Because credit unions are not for profit and member owned, profits are returned to members of the credit union in the form of lower rates and fees. This is different from banks, whose sole purpose usually involves generating revenue for investors.
- Don’t Have Excellent Credit?
Many people overlook credit unions as an option for mortgages, especially if they don’t have excellent credit. With a credit union, you are seen as a member, and depending on your situation we will try to find an option that works for you.
Buying a home is often the largest purchase most people will make in their lifetime so finding the right mortgage loan is important! If you are a resident of Rockland County, New York we encourage you to take a advantage of the mortgage loan benefits that a credit union like Palisades Credit Union can offer including personalized service and great low rates! Ready to get started? Apply online today.
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