Quote:
Originally Posted by ssjGoku69
I haven't worked as a bank slave for a few years now, but credit unions are regulated by the province rather than federally which means some of the federal rules don't apply. A regular mortgage application has an amortization period of 25 years (or 30 years) at a big bank. I think credit unions can offer an amortization of 35 years which results in an easier approval? maybe
|
Depends on the credit union. Coast Capital became a federal credit union in 2016.