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Old 03-26-2009, 06:18 PM
 
901 posts, read 2,871,628 times
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I hope to be mortgage shopping in less than a year. I want to put between 5% to 7% down on my home so that I can still have some money in the bank. I'm a first time home buyer with excellent credit. Should I be looking at my credit union for the best deal?
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Old 03-26-2009, 07:48 PM
 
Location: San Jose (Willow Glen)
180 posts, read 668,390 times
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Good Mortgage Broker > Credit Union > Bank > Bad Mortgage Broker

That's pretty much the chain. The problem is telling the difference between the good brokers and the bad brokers.
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Old 03-26-2009, 08:37 PM
 
Location: Great State of Texas
86,052 posts, read 80,319,287 times
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Quote:
Originally Posted by Sam82 View Post
I hope to be mortgage shopping in less than a year. I want to put between 5% to 7% down on my home so that I can still have some money in the bank. I'm a first time home buyer with excellent credit. Should I be looking at my credit union for the best deal?
No reason not to shop a couple of places and get the best rate and terms. I had my original mortgage with Chase.
Went to refi and they could not beat my CU so I refinanced with my CU.
I had no qualms leaving Chase and got a good deal with my CU.
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Old 03-27-2009, 08:16 AM
 
Location: Wake Forest, NC
835 posts, read 3,856,998 times
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Depends on what your looking for. Credit Unions blow me away on ARM's here in NC, but can't compete on fixed rates.
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