[CornFed2.4]

I agree with trogdor. I have had two credit unions and not once have Ive ever taken a loan through them unless it was some sort of CD.

Now Im at one credit union and have been there for almost 12 yrs and do quite a bit of business through them, including my Business and personal.

To the question about how much money you have in the bank? That only helps if your credit score is on the lowerside and a bigger down payment is just to show them that you are putting up your own money. So what you borrow has a less chance to default since you have more of your "monies" into it.

Also if you havent bought a house before you more than likely qualify for a first time homebuyers mortgage. This means you can finance 100% plus closing costs into your loan leaving you with the down payment in the bank. 3%-10% down on a home really isnt that much money considering how long you will have the loan and will probably only shave a few dollars off your total monthly payment.

If I were you I would finace the house at 100% as its still a semi good investment that you will be paying on for a while in hope to one day see a return.

Buying a car on the other hand pay as much as you can up front cause the sooner you pay it off the better you dont wanna get upside down in a car loan. Plus they depriciate usually quick to.

*I was once told by someone that the best thing to do for a car loan is take the 3.49% interest rate that your bank offers you, combined with the special offers of bonus cash the dealer gives (0% or $xxxx amount back at purchase) can usually be the best deal hands down though. As the cash you recieve back from the dealer will be more than the 3.49% interest paid on the loan.

Maybe Trogdor can answer the Cash allowances?

Aaron whats the need of having two accounts? I had two credit union accounts and now Im down to one. Just move your money to the better bank of the two and use one. More money or business you give them the easier and faster they will work for you. At least in my case. But again I would never use them for a 5-30 yr loan