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Press Release

Metro Credit Union simplifies home buying experience with the No Fee Mortgage


Chelsea, MA – May 4, 2009 – Metro Credit Union’s innovative No Fee Mortgage for home purchases and refinancing is a consumer-friendly, no-fee personal finance product that takes the mystery and complexity out of the mortgage process. 

Metro’s No Fee Mortgage eliminates lender fees and the need for private mortgage insurance, making home purchase or refinancing more affordable. Metro enables qualified borrowers to get into the home of their dreams with as little as a 5% down payment, without the expense of private mortgage insurance, which is usually required for a loan-to-value greater than 80 percent. The No Fee Mortgage has no points, closing costs, application fees, appraisal fees, loan origination fees or title fees.

“This product was designed with first time homebuyers in mind,”” said Robert Cashman, president and CEO of Metro Credit Union.  “We offer borrowers the best value for purchasing or refinancing a home; Metro’s No Fee Mortgage offers low rates with no strings attached.”

For more information about the No Fee Mortgage and other affordable mortgage options at Metro Credit Union, call 877-MY-METRO or visit


About Metro Credit Union

Metro Credit Union is one of the largest credit unions in Massachusetts with over $770 million in assets, and serves over 120,000 members.  Established in 1926 and based in Chelsea, Metro offers superior service and a full range of financial products, including investment and insurance offerings, for consumers and businesses in eastern Massachusetts.  Metro has nine branch offices conveniently located in Burlington, Chelsea, Framingham, Lawrence, Lynn, Peabody, Swampscott, Tewksbury, and a tenth branch soon to open in Boston.  Metro is also a leader in workplace banking, serving over 1,800 companies throughout the state.