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Credit unions have their own set of rules as they're not federally regulated. They were still giving out 35-year amortization mortgages long after federally-regulated banks stopped offering them. All credit unions mortgages are collateral charge mortgages too, which means they were more likely to provide HELOC or re-advanceable mortgages on top of regular mortgage products.
Regardless, I don't blame them for dialing down the risk though. It might be hard to get a HELOC now, but if you've had one over the last 5 years, it would have been a gold mine considering the bull run on equities and housing prices up until last year.
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