Real Estate

Should I be going to a credit union to apply for mortgage?

  • Last Updated:
  • Jan 6th, 2018 5:37 pm
Member
May 22, 2013
305 posts
116 upvotes
Vancouver

Should I be going to a credit union to apply for mortgage?

Because of the new mortgage rules, would I be able to qualify for me if I go to a local credit union rather than one of the big five banks?
2 replies
Deal Guru
User avatar
Feb 2, 2014
11233 posts
3350 upvotes
Toronto
Have you purchased a property yet or are you looking to be pre-approved?

I know a lot of the credit unions out west are stress testing as well (even though they don't have to).
Kevin Somnauth, CFA
Principal Broker/Owner - First Toronto Mortgage - MA (Ontario #13176, BC #X301007)
Real Estate Salesperson - Century 21 Innovative
Newbie
Dec 23, 2007
25 posts
3 upvotes
Burnaby
Credit Unions do not have to follow so your best bet is them versus the big banks.

Top