Which is a better place to start shopping for a mortgage, a credit union or a large online bank?

I am a member of both, but should I consider looking elsewhere? Live in a small rural community but close enough to larger cities to have much variety available close to home. Middle income.

Asked by Jonathan

2 Answers

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Answered by Justin Clark, Mortgage Broker in Moreno Valley, CA
Between those two I would go with the Credit Union. Unless there is a direct lending company that can give you better rates with less fees. But make sure they have a good reputation either way. | 10.23.15 @ 00:25
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$commenter.renderDisplayableName() — {comment} | 12.08.16 @ 20:39
Answered by Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
If you have an established relationship with a credit union, it never hurts to ask there. For a second opinion, you can always look at loan officers from this site who lend nationally (I do, and many others do).. While programs can vary, the biggest things a loan officer provides is his expertise, work ethic, and attention to detail. Programs, rates, and costs don't matter much if your loan doesn't close as planned due to an organizations' (or individual's) inattention to details. | 10.27.15 @ 19:15
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$commenter.renderDisplayableName() — {comment} | 12.08.16 @ 20:39
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Answered by

Ted Rood
Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO

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