Are you getting the best deal from USAA or Navy Federal Credit Union? If you want to buy a house in San Diego, how can you get the best deal? Many military personnel do not realize that they have options apart from the usual choices, like USAA and Navy Federal Credit Union. They avoid looking beyond those two institutions for mortgage preapprovals.
Maybe they believe that strong ties to the military and rebates assure them of the very best deal. Perhaps they simply do not trust other possibilities, like various banking institutions, for their home loans.
There are six reasons why it is not in the best interest of a service member to overlook the many options available.
1. USAA or NFCU do not necessarily offer the best mortgage rates to buy a house in San Diego. Think about it, if you are a captive audience for their proposal, why should they give you the best rate? You want the best rates available and the way to find them is to do some comparison shopping with other institutions.
2. Rebates are not as great as they may seem. It is far better to have a realtor on your side negotiating the best price on your home and a skilled mortgage broker getting the best interest rate for you. By choosing professionals that work for your best interests, the savings you enjoy can be much more than a rebate.
3. When you buy a house in San Diego with USAA or Navy Federal Credit Union (NFCU) you do not get to choose either your real estate agent or your mortgage processor. You run the risk of being assigned an inexperienced, uninterested realtor or mortgage processor.
Want to know the remaining three reasons as to why you may not be getting the best deal from USAA or Navy Federal Credit Union? Brought to you by Lorraine Santirosa the San Diego Military Relocation Specialist!