Are credit unions better for refinancing?

Yes, choosing a credit union for your rate and term refinance can often be a wise choice. Here’s why:

• Lower rates and fewer fees: Credit unions are not-for-profit financial cooperatives that return earnings and savings to members in the form of lower borrowing rates and fewer loan fees and charges.
• More flexible terms: Credit unions are owned by and run on behalf of their members. They’re more likely to take the time to look at your full financial picture and offer personalized loan terms tailored to your needs.
• Local knowledge: With deep roots in their home communities, credit unions often offer decades of experience in local housing markets, providing borrowers with valuable insider tips and insights.