Wondering where to get a mortgage in 2023? A house is one of the biggest purchases you’ll likely make in your lifetime, so it’s important to find a lender that fits your needs. At MMCCU, we work with our members to make sure they are getting fair terms and comfortable rates. Mortgages are complicated, but our professional team has a lot of experience navigating the housing world.
There are several potential benefits to getting your mortgage in 2023 through a credit union:
Lower interest rates: Credit unions are typically not-for-profit organizations that exist to serve their members, rather than to make a profit. As a result, they may offer lower interest rates on mortgages than traditional banks. Find our MMCCU rates HERE.
Personalized service: Credit unions are often smaller than traditional banks, and they may be more likely to offer personalized service and work with you to find the best mortgage product for your individual needs. This is definitely true at MMCCU! We’ll meet with you one-on-one to make sure you understand the whole process.
Lower fees: Credit unions may charge lower fees than traditional banks, such as application fees, closing costs, or origination fees. This can help you save money on your mortgage overall. Learn more about saving on fees with a credit union HERE.
Community involvement: Credit unions are often deeply involved in their local communities, and they may be more invested in helping their members achieve their financial goals, including buying a home. At MMCCU, one of our core values is giving back to the community!
Membership benefits: Credit unions are member-owned, which means that if you become a member, you may be eligible for other benefits beyond just getting a mortgage. For example, you may be able to access lower rates on other types of loans or enjoy discounts on other financial products and services. Learn more about MMCCU membership HERE.
As with any major purchase, it’s important to research and work with a professional that knows the industry. MMCCU’s mortgage team is here to help you.