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Home > Financial Services > Mortgage Brokers > First Northern Credit Union
First Northern Credit Union
A mortgage broker is an individual or firm that acts as an independent agent for both the borrower and the lender of a mortgage loan. Mortgage brokers are the middleman between you and the lending institution, which can be a bank, trust company, credit union, Mortgage Corporation, finance company or even an individual private investor. A mortgage broker will analyze your financial situation to determine which lender is the best fit for your loan needs. He or she will submit your mortgage application to one or more lenders in order to sell it, and works with the chosen lender until the loan closes. He or she receives a commission from the borrower if the loan closes.
First Northern Credit Union has seen many changes through the years. But one thing remains: their unwavering commitment to improve the financial well being of each member they serve. Established in 1944, they initially served Commonwealth Edison Company employees and their families as their company credit union, and then known as Edison Credit Union. Today, they have grown to serve communities.
As a credit union, First Northern is a not for profit organization. They are owned and operated by their members the people who save and borrow money here. Because they have no outside stockholders, their members earn higher dividends on savings, pay lower rates on loans, and appreciate reduced or eliminated fees, plus improved service.
First Northern Credit Union offers highly competitive rates and excellent customer service.
These are things you expect from a mortgage lender. Beyond that, they offer you peace of mind assurance that they will listen to your needs and goals and incorporate those into the advice they give you regarding your mortgage decision one of the biggest decisions you will make in your life. The type of loan you choose and the repayment options will likely determine how comfortably you live today and in the future. They offer a wide range of mortgage products and are certain to have one to fit your needs.
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