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Save money on closing costs with Navy Federal Credit Union

 If you obtain your mortgage through the Navy Federal Credit Union you will save money on your closing costs because you will not pay the Intangible Tax on the mortgage. The tax is .20 per $100. So you’d save $200 for every $100,000 of mortgage amount.

Not in the Navy? Membership in the Navy Federal Credit Union is not limited to the Navy. Membership is available to all those serving in or retired from the Army, Marine Corp, National Guard, Navy, Air Force and Department of Defense. Membership is also available to their families, which include not only their children, but their parents and siblings. Once that family member is a member, they can offer membership to their family.

The Navy Federal Credit Union is headquartered in Vienna, Va. They are the world’s largest credit union, with $4 billion in assets. One of its 312 branch offices is in Tampa, near MacDill Air Force base.

 

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