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> Something to note about your local bank/CU. Credit Unions tend to be different (at least the 3 I'm a member of, maybe this is not universal) in keeping loans
by jjav 5y ago
> Something to note about your local bank/CU.
Credit Unions tend to be different (at least the 3 I'm a member of, maybe this is not universal) in keeping loans in-house.
The banks will indeed most likely sell off the loan as soon as it's done.
Not that it matters either way.
- bombcar 5y agoMy credit onion sells all loans longer than 10 years - but they keep servicing all the loans normally. Some places sell off the loan and the servicing, that's more annoying.