MMCCU Recommends Preapproval for Loans

Marshfield Medical Center Credit Union > Blog > MMCCU Recommends Preapproval for Loans
loan preapproval

When in the market for a new vehicle, MMCCU recommends seeking pre-approval for a loan to help make the buying process smoother.

“With the supply of vehicles are low due to multiple economic factors, there may be multiple buyers vying for the same vehicle,” said President David Murphy. “With a pre-approval, you do not have to risk leaving the dealership and having the vehicle sold before securing your financing with the credit union. You can possibly drive off the dealership lot with your vehicle and stop into the credit union the following day to process the paperwork.”

“I would recommend our members getting a pre-approval prior to shopping for their next vehicle, RV, ATV, UTV or boat,” added Jerry Litwaitis, VP of Lending at MMCCU. “The credit union can give you rates, terms and monthly payments on various dollar amounts so you have the right information when going to the dealership to make your purchase.”

Simply supply MMCCU with current income and current monthly payments and staff can tailor a monthly payment that will fit your budget.

“We will run your credit and get you approved for the funds needed to make your purchase. We can also offer you GAP Insurance and Mechanical Breakdown Coverage (warranty) that is much cheaper than the dealership can offer,” said Litwaitis. “Having your financing approved at the credit union will ease your mind and let you concentrate on getting the best deal on your new or used vehicle, RV, ATV, UTV or boat.”

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