Imagine one day, without warning, you receive a letter from your lender, stating that your loan is now at another bank. Your new lender isn't even in the same state. How would that make you feel?
Let's face it, most lenders are in business to make home mortgage loans and then sell them to investors. And while your payment does not change, having your home loan sold can be a hassle.
The good news is that Rosedale Federal does not sell its home loans. We feel that it is part of our service to our communities to hold onto our customers' home mortgages. That is one of the advantages of using a mutual bank like Rosedale Federal. We're owned by our depositors so we make decisions that are in the best interest of our customers. We don't sell our home loans and here is what that means to you:
If you are someone who prefers the premium service and peace-of-mind that come with dealing with a hometown lender, then Rosedale Federal Savings and Loan Association is the place for you.