Know the limitations of credit unions

By: Eric Eaton

Know the limitations of credit unions

Tags: advantages of credit unions, credit unions vs banks, disadvantages of credit unions,

Credit unions are slowly earning their chunk of the mortgage market, but brokers warn investors and homebuyers about the potential pitfalls of not knowing the limitations and carefully reading the fine print. “When it comes to porting, a mortgage credit union has one big disadvantage: If you have to move out of province you will not be able to port your mortgage and will have to pay a penal...Read More