SANTA MONICA, Calif. (5/15/15)--A May 13 article in the Santa Monica Mirror highlighted the benefits consumers can reap in seeking a mortgage with a credit union.
“Home ownership is part of what many people consider realizing the American Dream,” the article began. "Purchasing a home, especially if it is your first home, is an exciting experience that comes with challenges. Very few people are able to pay for their home outright and instead take out a home loan, or mortgage, from a financial institution. They may not realize that credit unions offer mortgages with many benefits.”
Matt Herrick, vice president of sales and marketing at Southland CU, Santa Monica, Calif., told the Mirror that credit unions are known for providing value to consumers. “Credit unions generally offer a full range of mortgage options to fit many different buyers,” Herrick said.
Herrick summarized some of the advantages of using a credit union for a mortgage: