For credit unions that offer mortgages, switching is a growing part of their business as more members look to manage their finances locally and avail of very competitive interest rate
You should compare interest rates carefully and check whether a break fee applies before switching mortgage. Photo: Getty
Q I am halfway into a 30-year mortgage term on my home. I live in a small rural village and my bank closed its branch here a few years ago. I’ve since opened a current account with my local credit union, which still has a presence in the area.
I would like to have all my banking “under the one roof” and so I am considering switching my mortgage to my credit union. Is it possible to switch a mortgage from a bank to a credit union?
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