Credit Unions: An Unexpected Source of Mortgage Loans

According to conventional wisdom and common sense, you go to a mortgage broker to get the best deals on mortgage loans. These brokers do offer a diverse array of options. However, there’s one type of loan that mortgage brokers ordinarily neglect to mention: the credit union mortgage.

Credit unions have a few important advantages over most lenders. One advantage of credit unions is that they operate on a small scale and focus on relatively low-risk loans. As a consequence, credit unions have not suffered as much as other institutions during the subprime crisis. [Read more]

Credit Unions as Safe as Banks

When it comes to hard-earned money, Americans are very careful to consider the kind of institutions to deal with when handling their funds, and this has probably never been more true than today, what with the fragile nature of the economy. People don’t have a lot to spend these days, and they’re looking at their banks as a place to help them save what they have and invest into the future. Of course, with so many banks available, people are in need some of guidance to find out exactly what kind of institutions exist and how they can help them. [Read more]