Traditionally, members of a discount and you can mortgage also have got stock within the the institution

Traditionally, members of a discount and you can mortgage also have got stock within the the institution

Like many banking companies, S&Ls believe loans from other banking institutions to satisfy the costs of investment mortgages and you may paying interest towards the put account. But, exactly as you have to pay focus for the home financing, car loan otherwise charge card, financial institutions shell out notice on money they obtain. Continue reading Traditionally, members of a discount and you can mortgage also have got stock within the the institution