Costco offers mortgages, plans to offer student loans

9:21 AM, Apr 26, 2012   |    comments
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(CNN) -- Need a mortgage but you're not sure which lender to go with?  Now there's a new option and it may surprise you.

Costco, the discount superstore where you can get bulk bargains on just about anything, is rolling out a full service mortgage lending program.

It's partnering with First Choice Bank and 10 other lenders.

The warehouse retailer actually began offering mortgages a couple of years ago, but Costco says the service provider didn't share enough details with its members.

So now, it's starting over with First Choice Bank. 10-thousand people have already taken out their home loans with Costco.

The retailer also offers health and auto insurance and eventually plans to offer student loans.

CNN