Nev. CU Intro's 10-Year Mortgage

July 21, 2003, 1:00 a.m. EDT 1 Min Read

The $153-million Community One FCU has introduced a fee-free, 10-year mortgage it is urging members to consider, as it saves thousands of dollars over a traditional 30-year term. In addition to no fees, there are no closing costs, and the $350 appraisal fee is refunded when the loan is closed. Members are being told, "Even if you have refinanced your home in the past year, it may make financial sense to do so again and realize an even further reduced rate."

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