Save Big By Banking Small
You’re thinking of buying a home or fixing up the one you have. You’ll need tens of thousands of dollars for a reno that will increase the value of your home or you’re looking for a couple hundred thousand to finance a new one. Good thing you picked up this magazine because here is one of the best-kept secrets in the world of mortgage and lending: Credit unions often offer better rates.
For example, DUCA Financial Services Credit Union recently posted a 2.49% rate for a 5 Year, Fixed Rate mortgage — that’s a rate that even the big banks will have trouble beating. The savings are real and they can help you to realize your home ownership dreams just a little bit sooner.
So, why would you expect to get a better rate from a credit union? “Credit unions tend to be smaller and have more of a community focus as we’re owned by our customers. This is why we may be able to try a little harder on rates and why we offer No Fee Banking accounts. Lower overheads and shareholders that are also our clients make us very competitive,” says John Jenner, VP, Marketing and Community Relations at DUCA.
So think outside the big bank box. Just because you opened your first account at one doesn’t mean you should be potentially saddled with extra thousands of dollars in payments over the life of your mortgage. Talk to a credit union and spread the word: Save big by banking small.
For more information about low rate mortgages and No Fee Banking, visit www.duca.com