Washington’s HEW FCU Offers Self-Adjusting HarmonyLoan

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WASHINGTON – HEW FCU announced yesterday it is now offering members a HarmonyLoan mortgage, which adjusts its interest rate at the member’s call.

The HarmonyLoan allows borrowers to reset the interest rate on their mortgages without the cost and hassle of a traditional refinance or new mortgage.

The $150 million credit union is one of several Washington-area members of the CU Mortgage Association to offer the HarmonyLoan, which was developed by Mortgage Harmony Corp. in Tysons Corner, Va.

 

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