When choosing a mortgage lender, look at interest rates, points, up-front fees, and service. A mortgage is a big commitment - you want to commit to someone you feel comfortable with.

Your credit union just might be the best place for you to get your mortgage. Not all credit unions offer mortgages, but those that do normally hold onto the mortgages they service, working with the borrower throughout the life of the loan.

Banks and other lenders often sell loans to other organizations: this isn’t a problem in itself, but can cause confusion, missed checks, and other troubles. It also means you don’t know what level of service you can expect in five years or even next month, because you don’t know who your lender will be.

Credit unions can also often lower your costs by not requiring private mortgage insurance (PMI) if your down payment is less than 20%, or by cutting closing costs.

If your credit union doesn’t offer mortgages, or if another lender might be a better fit for you, your credit union is still a good place to start for guidance and information on the mortgage process.