Credit Unions have been so attractive as non profits for consumers, their fees are less than banks if you are talking about opening checking account or savings, time certificates. I sat down with one of their bankers and learned how they are different. I sell Real Estate how will these changes impact consumers with Mortgage Loans? The real estate economy in many counties are showing signs of improvement with real estate appreciation improving property values, interest rates talk of rising but are still lower than years before for many other real estate consumers in past years. Right now other articles talk about a cooling, higher priced sales, few of them. Low inventory, we need those people who are thinking to sell for the buyer's who desire to buy. Those buyer's need options to meet their needs of qualifying for their purchases, affordability, and terms and conditions they can feel they can do with confidence and lender to back their verified buying power. How will the real estate industry be impacted by these changes? How will the cost and qualifying to purchase impact the buyers who are ready, willing and able now to make those real estate investments and purchases? How will the improving real estate economy be impacted by these changes? What do you think about what this article is informing us and what is your prediction?
Credit unions say new rules will hurt lending - The Hill's On The Money
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