What are the requirements to get a mortgage loans with a Credit union?

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What are the requirements to get a mortgage loans with a Credit union?

5 Comments
  1. Reply
    Leroy
    February 16, 2011 at 4:10 am

    I believe first of all you would have to be a member of the Credit Union you seek to get a loan from. Joining a Credit Union isn’t hard if you can locate one who requirements you meet. Then once you become a member you can receive all the necessary mortgage loan requirements of that particular Credit Union. The loans are usually more consumer friendly and easier to obtain for members.

  2. Reply
    Jill Metz
    February 16, 2011 at 5:02 am

    Call the Credit Union and ask them.

  3. Reply
    Greenfin X
    February 16, 2011 at 5:19 am

    Its very easy to get a mortgage loan if you are already a member of credit union, it also depends on the ability of your card, means you are a valid member or not, these are the basic points and i am sure all the companies that are providing you mortgage loan will check this firstly, for more information you can check out the link in the source box.

  4. Reply
    macstu23
    February 16, 2011 at 6:16 am

    Advantage ; You get to own your own house.

    Disadvantage; Your a$ $ belongs to them.

  5. Reply
    Cherish
    February 16, 2011 at 6:47 am

    Mortgage loan is a term used for the loans secured by a property. Mortgage loans refer to a loan secured by residential property, often for the purpose of securing real estate. Mortgage loans are priced lower than other loan structures because the value of the property risk for the lender. The mortgage loans are generally structured as long-term loans, the periodic payments are calculated to the time value of money. The amount of time is decided on the structure of the local economy. The Mortgage loan can be divided in two broad categories, Fixed Rate Mortgage Loans, Adjustable Rate Mortgage Loans. Fixed rate mortgage loan is a loan where the interest rate remains the same through the term of the loan. Fixed rate mortgage loans are the most traditional form of loan.

    http://www.worldbestloans.com/Mortgage%20Loan.htm

    A fixed rate mortgage loan has its own benefit. If the borrower is budget conscious, he will remain at peace because the monthly mortgage amount will not change.Fixed rate mortgage loan is a loan where the interest rate remains the same through the term of the loan. Fixed rate mortgage loans are the most traditional form of loan. A fixed rate mortgage loan has its own benefit. If the borrower is budget conscious, he will remain at peace because the monthly mortgage amount will not change.An adjustable rate mortgage loan permits borrowers to lower their payments if they are willing to assume the risk of interest rate changes. To avoid this risk many mortgage originators either sell or securitize their mortgage, depending on their need.

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