I am constantly amazed at how
local credit unions come through time and time again for their members.
Not exact matches
Although many lenders will offer similar rates based upon your
credit score,
credit history, and income, sometimes the best available rates will
come from a financial institution that is familiar with you (such as your
local bank or
credit union) or from nontraditional sources, such as peer - to - peer lending platforms.
When it
comes to the actual bank operations, your best bet will be a
credit union or a
local bank with a vested interest in your community.
Credit unions come in all sizes, from giants like Navy Federal, with more than six million members and nearly 300 branches, to
local ones that count their membership in the dozens.
Although many lenders will offer similar rates based upon your
credit score,
credit history, and income, sometimes the best available rates will
come from a financial institution that is familiar with you (such as your
local bank or
credit union) or from nontraditional sources, such as peer - to - peer lending platforms.
If your
credit is less than ideal, you will likely meet with difficulty when it
comes to applying for a loan with your
local bank or
credit union, especially...
Credit unions come in all sizes, from multi-billion-dollar giants like Navy Federal to
local unions that count their membership in the dozens.
If the
local bank or
credit union wants to participate on a loan with BND or the borrower wants to access a BND program, the request
comes through the lead financial institution, not the borrower.
Further afield in more isolated regions of B.C., however, it is a different story, Dreyer says, suggesting that alternative financing can sometimes
come from
local credit unions familiar with a host of issues property owners might face in the country.
A
local credit union appears willing to give me a conventional loan at a competitive rate on a purchase, but I'd rather not drain my savings to
come up with 20 percent down and since my investment property is out of state they won't do a cash out refi on it.