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Updated about 2 years ago on . Most recent reply

User Stats

39
Posts
16
Votes
Corey Bogaski
  • Real Estate Agent
  • Pittsburgh, PA
16
Votes |
39
Posts

Financing through credit unions

Corey Bogaski
  • Real Estate Agent
  • Pittsburgh, PA
Posted

For my first property I used a broker who has access to over 20+ lines of financing. 
someone told me to go through a credit union, specifically Clearview. 
I was going to set up an account there (keep my RE investments separate from personal banking) but another person told me Clearview was a bad option to go through. 
This is a 2 part question; what is the best experience yinz have had with credit unions and what would be a good recommendation for me to open up another account for my RE investment (1 property so far so mortgage/utilities and savings for said property). 
thank you !

  • Corey Bogaski
  • [email protected]
  • 412-339-7479
  • Most Popular Reply

    User Stats

    224
    Posts
    220
    Votes
    Jon Puente
    • Lender
    • Charlotte, NC
    220
    Votes |
    224
    Posts
    Jon Puente
    • Lender
    • Charlotte, NC
    Replied

    Hey Corey, 

    I want to empower you to know that you are the client.  You can do whatever you want to do!  You should call around to a few different lenders and see what they offer.   Most credit unions publish their rates online and show what terms they offer.  

    There isn't a "bad" choice here, but there might be a better choice than a credit union.  Once you have 3 quotes to compare, you will feel more comfortable and educated about your decision.

    Just FYI - My personal bank account is with a credit union, and I would beat their mortgage rates all day long.  So the answer is, it depends!

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