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Would love to hear people's experiences with RTP Federal Credit Union and more specifically if you've gotten a mortgage through them, would love to know if you found them to offer a good deal, to be efficient and straight-forward.
We are hoping to avoid for-credit banks. We find that not-for-profit credit unions are less eager to rip one off. But, of course, every organization is different, so I'm curious to hear about RTF.
II am a member of the State Credit Union. In general my experience is the credit Unions can offer some competitive ARM rates but typically are not as competitive when it comes to 30 year fixed rates since they have access to only a limited number of products to offer. Still, it is still worth shopping around and comparing.
Would love to hear people's experiences with RTP Federal Credit Union and more specifically if you've gotten a mortgage through them, would love to know if you found them to offer a good deal, to be efficient and straight-forward.
We are hoping to avoid for-credit banks. We find that not-for-profit credit unions are less eager to rip one off. But, of course, every organization is different, so I'm curious to hear about RTF.
I love them. I use them for Checking/Savings. They are terrible if you are a super saver like me. I just use outside sources for mutual funds and retirement accounts to help with that. I love the staff even though they have dulled out since moving from Slater Rd. to the small pocket branches around the area. I did not care for the mortgage program offered and was able to find a rate 1%-.75% lower by shopping elsewhere.
If you want a CU for a fixed rate VISA, low rate car loan, or low rate car loan they are awesome.
I've had clients use SECU for their mortgage. The benefit is that they have very good adjustable rate mortgages and only charge l/2 origination fee. However, their rate on a 30 year mortgage isn't all that great.
As for banks "ripping you off", you need to have your agent review your good faith estimate and make sure there are no junk fees and no unusual fees.
We just did a refi, and are members of the credit union, checked there and like everyone else said, the fixed rates are simply not as good (by at least a percentage point) as other banks (we went with RBC) -
I don't have my mortgage through them but I have had accounts through them for 15 years and have always been very happy with the service. I trust them and don't usually trust banks.
That also sums up why I still bank there. I've never had a reason not to trust them and have always had stellar service. My daughter has had issues in the past but was always the same "young" guy who kept fumbling over himself and making errors whenever she made a deposit. They always made it right and life goes on.
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