CommonWealth One Offers Great Opportunities for Home Buyers on Mortgages and Home Equity Loans

April 1, 2011 - PRLog -- John Blair, President of CommonWealth One Federal Credit Union, is excited to offer a great home buying opportunity of $200 off closing costs this month on first mortgages and home equity loans.  Whether a member has decided to move to a new home or improve their current home, it’s a great opportunity to save money.  

Currently, mortgage rates are fluctuating, but spring is typically a good time to purchase a home or complete a home renovation project.  With rates remaining at historic lows, members can get a good value and a chance to save significant money on their housing costs.  Of course, sales of existing and new homes are still depressed, which means buyers are in control and able to negotiate prices that were unimaginable only a few years ago.

But even if a member isn’t planning on buying a new home, the benefit of refinancing is that they can take advantage of CommonWealth One’s exceptional mortgage and home loan rates, which have dropped dramatically from years ago. It's highly likely that the rate a member is paying on their current mortgage is higher, maybe significantly higher, than today’s rates. Refinance to a lower rate and the member will be able to keep more money in their pocket. And, yes… it is that simple.

Refinancing is not a complicated procedure. Best of all, CommonWealth One is structured to help its members every step of the way.  Suzanne Springer (Washington DC metro area) and Stella Evans (Harrisonburg, VA) are both well prepared to guide members through refinancing or applying for a mortgage loan for a new home. CommonWealth One is someone members can trust when they are considering any type of first mortgage or home loan.

About CommonWealth One Federal Credit Union
Since 1944, CommonWealth One Federal Credit Union has grown to become one of Northern Virginia’s top credit unions with more than $292 million in assets serving more than 36,000 members.  CommonWealth One is a full-service, member-owned, not-for-profit financial cooperative committed to being the lifetime financial institution of its members.

CommonWealth One’s Headquarters is located at 4875 Eisenhower Avenue in Alexandria, Virginia. We encourage you to join us at CommonWealth One Federal Credit Union and become a member and experience the difference of banking with a credit union!  If you live, work or worship in Washington, DC or select areas of Virginia, you may be eligible to join the credit union with only a $5 deposit into a share account.  CommonWealth One Federal Credit Union is Washington DC’s credit union of choice, serving members in Washington DC, Northern Virginia, Front Royal and Harrisonburg.

CommonWealth One Federal Credit Union offers Checking Accounts, Mortgages, Home Loans, Auto Loans, Savings Accounts, Money Market accounts, IRAs and more in Washington, DC or Virginia.  We have remained true to our philosophy of "people helping people" - providing members with loans, savings plans, and special services to achieve their long-term financial goals and help them enjoy a better way of life.  Our excess earnings are returned to our members in the form of higher dividend rates, lower interest rates on loans and low or no fees.  Please visit us online at www.cofcu.org for more information.

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CommonWealth One serves members in Washington DC, Northern Virginia, Front Royal and Harrisonburg. We offer a wide range of financial services, such as Checking Accounts, Mortgages, Loans, Auto Loans, Savings Accounts, Money Market accounts, IRAs, more!