I am a reporter for a nationally syndicated real estate section published weekly in newspapers across the country. I’m still looking for agents, brokers, and real estate attorneys (no credit unions please; I have enough) to interview on the following topic:
STATE OF THE UNION: Credit unions often keep their mortgages in their portfolios — not the secondary market — allowing them to be more flexible in terms and rates, offering members some of the most lucrative loans available. Here's your guide to obtaining a mortgage through a credit union.Below is a list of questions I’m seeking answers to for this story. Please e-mail me back your interest, availability and phone number. My deadline is noon central time, Friday, April 4.
1.Why should prospective home buyers/borrowers consider obtaining a mortgage loan through a credit union?2.What are the advantages of applying for/obtaining a loan through a credit union vs. other lending sources? What are the disadvantages?3.Can you provide a real world or hypothetical scenario example of a mortgage loan package offered through a credit union (rate, term, 4.How are the credit union mortgage loans somewhat different (e.g., more stringent terms? Are the loans kept more in portfolios than sold on the secondary market?) than those offered by conventional lenders? 5.How does one locate, qualify for and become a member of a credit union, and how difficult is it?6.How would you recommend a borrower shop for a credit union? What criteria should they consider (e.g., size of membership, years in business, etc.), and what questions should they ask of the credit union before making a decision?7.Do you have any statistics that demonstrate how popular credit unions are among mortgage borrowers, or what percentage of the home loan market they comprise, etc.?8.Any other thoughts, tips, suggestions on this topic that I failed to ask about? What is your full name, title, company, and location where you are based?
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