We Won't Sell Your Loan

Most lenders are in business to make mortgage loans and then sell them to investors. Perhaps you have had a loan with another bank that was sold.

If you have, you know the procedure: one day, without warning, you receive a letter from your lender, stating that your loan is now at another bank. Often, the new lender is not even in the same state, or even in the same region. While your payment does not change, many people find that having their loan sold works against them. For instance,

• You often have to mail your payment sooner to make sure that it can travel to the new lender in time.
• Sometimes the switch to the new lender occurs around the same time as your payment is due. So, you send the payment, as you are directed, to the original lender, but soon you receive a letter from the new lender stating that they have not received your payment.
• Any problems that occur have to be solved by long-distance telephone calls.

The good news is that Rosedale Federal does not sell its loans. We feel that it is part of our service to our communities to hold onto our customers' mortgages.

What does this mean to you?

• Your payments can be made easily, either by local mail or in person at any of our eight branches.
• Any problems can be resolved by a local telephone call, or a visit to a branch.
• You have the peace-of-mind that comes with knowing your lenders, and knowing that they will service your lending needs for the life of your mortgage.

Admittedly, some people don't seem to mind when their mortgage is sold. But most customers tell us that they would much prefer that their mortgage remain at a local institution. If you are someone who prefers the premium service and peace-of-mind that comes with dealing with a hometown lender, then Rosedale Federal Savings and Loan Association is the place for you.

Remember, WE DON'T SELL OUR LOANS! YOUR LOAN WILL STAY AT ROSEDALE FEDERAL!

You can reach us by email at:
info@rosedalefederal.com