Feeling Alien-ated By Your Home Loan Options?

Let NASA Federal Bring You Back Down To Earth.

The right mortgage is the key that opens the door to your new home. Whether you’re buying your first home, making your next move or simply refinancing, NASA Federal Credit Union has the terms, features and options designed to make home ownership easier.

Let NASA Federal help you take advantage of interest rates while they’re at their lowest. We can design a loan that meets your specific needs while saving you hundreds in closing costs.

Limited-Time Home Loan Special

We can help you get the loan to fit your budget and your lifestyle with our home loan options. Currently, in addition to our great rates, our limited-time special includes:

• Finance up to $850,000
• No surprise rate add-ons
• Fast approvals
• Finance up to 90%
• Easy online application

At NASA Federal, we go the extra mile to build financial solutions around the needs of our members. With a NASA Federal mortgage, you’ll have more choices, more flexibility and the exceptional service you can’t find anywhere else. To get started, apply online. There are no application fees. Have questions? Call 301-249-1800 or toll-free at 1-888-NASA-FCU (627-2328), ext. 207 to speak with a mortgage professional today.

*All rates and offers are as of October 1, 2009, and subject to change without notice. Rate not guaranteed until locked. All borrowers must meet qualifying guidelines in effect at time of lock-in. Other rates and terms available. 30-Year Fixed Rate Loan example: $200,000 loan at a rate of 5.00% (5.130% APR), 360 monthly payments of approximately $1,074 each (principal and interest only). All rates/point quotes are exclusive of a required one percent (1%) loan origination fee. Applications for investment properties are not eligible for this special offer.

5 Must-Do Moves When Buying A Home

Buying a home can take up a lot of time, but it doesn’t have to be a burden. Take these steps at the beginning of the home-buying process to save time, money and aggravation.

1. Examine your credit. A blemished credit report can bring your homeownership plans to a screeching halt. That’s why it pays to look at your creditworthiness early in the home-buying process. Get your free annual credit report and comb through it for errors and unresolved issues. If you find mistakes, contact the credit reporting bureau to make sure the errors are corrected.
2. Get your docs in a row. Collect pay stubs, bank account statements, W-2s, tax returns for the last two years, statements from current loans and credit lines and names and addresses of your landlords for the past two years.
3. Determine how much you can afford. How much house can you comfortably afford? Find a house that matches your lifestyle and comes with affordable monthly payments you can handle. Start crunching the numbers yourself using our online calculators.
4. Compare lending options for the best deal. Every homebuyer’s needs are different. That’s why we offer a wide variety of home loan options including conventional fixed- and adjustable-rate loans, and jumbo loans.
5. Get preapproved. When you’re ready to begin your search, get preapproved with NASA Federal. It’s fast and easy at nasafcu.com/mortgages. Many times, being preapproved can be used as leverage in the negotiation process. Plus, you’ll know exactly how much you’ll be able to borrow!

Think NASA Federal When It’s Time To Refinance, Move Up or Move Out

Many people have used an adjustable-rate mortgage (ARM) to get lower monthly mortgage payments. However, if your ARM is reaching the end of its fixed period, your mortgage payment could increase significantly. For instance, an ARM that you took out a few years ago could easily increase to 8% or more at the next adjustment. Refinancing your mortgage can be a great way to save money and achieve your financial goals. Here are three reasons why refinancing could be right for you:

1. You’re looking to save money. A fixed rate could lower your monthly payments and provide you with the peace of mind knowing your payments will remain the same for the life of the loan.
2. You’d like to pay off your mortgage quickly. Refinancing from a 30-year to a 15-year mortgage can make paying down the principal balance on your home quicker and allow you to build up equity in your home at a faster pace.
3. You’d like to reduce your overall debt. You could get a lower payment and apply the savings toward paying off other bills.

Loan Options As Unique As Our Members

Your goals and timetable should help you choose what refinance product is right for you. If you are five years from retirement, the best choice may be very different from the choice at age 30 or 40. Whatever your situation, NASA Federal has the home loan option that’s right for you. You can refinance and choose from:

• Conventional Loans
• Adjustable-Rate Mortgages (ARMs)
• First-Time Home Buyer Programs
• Jumbo Loans
• Interest-Only Loans
• Home Equity Loans
• Home Equity Lines of Credit

Come To NASA Federal First For Great Home Loan Options

NASA Federal can help you find the right financing strategy with terms to fit your budget. You’ll experience friendly, reliable service you can trust. For more information, contact a mortgage professional today at 301-249-1800, ext. 207 or toll-free at 1-888-NASA-FCU (627-2328). Check rates and apply online at nasafcu.com/mortgages.

Tips To Help You Stash More Cash

Strapped for cash? A few key steps can help you pocket more cash. Here’s what you can do to spend a lot less time worrying about your finances:

• Pay yourself first. Treat saving as a bill. Consider having the amount transferred automatically from your checking account or paycheck. If you never see it, you’re less likely to miss it.
• Save “bonus” money. Try to save tax refunds, overtime pay, gift money, refunds and rebates and invest them for growth.
• Pay installments to yourself. Just paid off a big debt such as a car loan or a child’s tuition? Keep making the payments—this time to yourself.
• Comparison shop for insurance. Comparison shop for insurance at least once a year. There may be several hundred dollars difference in rates between comparable insurance coverage for your home and/or car.
• Stay up to date on your checking balance. Either balance your checkbook or check your account balance online frequently. You’ll avoid overdraft fees and better track what goes in and out.
• Collect loose change. Empty your pockets or your purse at the end of the day. Put all the change into a jar. Every other week, or once a month, deposit the change in your credit union savings account. Your spare change will add up a lot faster than you think.
• Work together. Family members can discuss ways to save money to reach family goals. Plan a treat for everyone when you reach the savings goal. Make it something everyone will look forward to but is inexpensive, such as a day at the zoo, museum or beach. You will be doing your children a favor by teaching them to set goals and save.

As you watch your balance grow, you will find that saving will be the rule. For more information on achieving your financial goals, visit nasafcu.com/resources.

Winterizing Your Home Can Help You Save

Whether you live in a mild climate or a place that gets snowed-in every year, making energy efficient upgrades to your home before Jack Frost sets his grip can help to reduce high energy bills and improve your comfort. Take any of the following measures to help reduce your utility bills and put some green back in your wallet:

• Caulk and weatherstrip around doors and windows to reduce air leakage. One of the best ways to winterize your home is to block leaks around your house, both inside and out. You will alleviate drafts and reduce your home’s heating costs.
• Increase your insulation. Look in your attic for your ceiling joists. If you can see them, you probably need more insulation. Keep in mind that while adding insulation does cost money, you’ll get a quick return on your investment.
• Repair ductwork. A home with central heating can lose up to 60% of its heated air before that air reaches the vents if ductwork is not well-connected and insulated, or if it must travel through unheated spaces. That’s a lot of wasted money.
• Maintain your furnace’s filter. Clean or replace your furnace filter monthly. Dirty filters block normal airflow and significantly reduce the efficiency of the system, which wastes money.
• Wrap up your water heater. Nearly 15% of an average home energy bill goes to heating water. Wrap your water heater in an insulation blanket to help reduce heat loss.

Some of your efforts to stay warm and save energy could pay you back when it’s time to file your taxes next year. See energystar.gov for a complete summary of energy efficiency tax credits available.

If you’re thinking of making energy efficient improvements to your home, look to NASA Federal for a low-rate Home Equity Loan or Line of Credit. Borrow up to $400,000 and pay no points or closing costs* with terms up to 20 years. For more information, visit us online or call 301-249-1800 or toll-free 1-888-NASA-FCU (627-2328).

* No closing cost offer available one time only per property. Closing costs must be repaid if loan is closed within 24 months.

NASA Federal Halloween Young Run

Register Your Child Today For A Howling Good Time!

Saturday, October 17, 2009

Race Packet Pick-Up | 10:00 a.m. to 4:00 p.m.

Join us at our Rockville Branch (1592 Rockville Pike near Pier 1 Imports) the day before the race to pick-up your child’s race packet. There will be great prizes, special offers and other fun activities!

Sunday, October 18, 2009

Race Day! | 9:00 a.m. to 11:00 a.m.

The race course is on West Gude Drive at Route 355 in Rockville.

Limited-Time Mortgage Special 5.00% 5.130%APR* Finance up to $850,000 No rate add-ons Fixed Rate up to 30 Year Term Finance up to 90% Fast approvals

Let us help you buy a home or refinance your existing mortgage.

*All rates and offers are as of October 1, 2009, and subject to change without notice. Rate not guaranteed until locked. All borrowers must meet qualifying guidelines in effect at time of lock-in. Other rates and terms available. 30-Year Fixed Rate Loan example: $200,000 loan at a rate of 5.00% (5.130%APR), 360 monthly payments of approximately $1,074 each (principal and interest only). All rates/point quotes are exclusive of a required one percent (1%) loan origination fee. Applications for investment properties are not eligible for this special offer.

2010 Election of Officials

A Nominating Committee has been appointed by the NASA Federal Credit Union Board of Directors to propose candidates for the 2010 election of officials. Members are invited to make suggestions to the Nominating Committee by forwarding names and qualifications to:

Chairman, Nominating Committee
NASA Federal Credit Union
P.O. Box 1588, Bowie, MD 20717-1588

Suggestions must be received no later than Friday, November 20, 2009.The list of nominees will be included with your statement mailed in January, 2010.

CERTIFICATE SPECIALS

3.25%APY*
55 month Regular/IRA Certificate
$5K minimum deposit to open

2.20%APY*
18 month Regular/IRA Certificate
$5K minimum deposit to open

1.50%APY*
9 month Regular/IRA Certificate
$5K minimum deposit to open

*Annual Percentage Yield as of October 1, 2009. Minimum $5,000 deposit required. Early withdrawal penalties apply and may reduce earnings. Special certificates renew automatically as follows: 9-month renews to a standard 6-month term, 18-month renews to a standard 12-month term, and 55-month renews to a standard 60-month term, each at the rate in effect at the time of renewal unless instructed otherwise. Credit Union reserves the right to limit the number of special certificates opened. This limited-time offer is subject to change at any time without notice.

Calendar

OCTOBER 12: Columbus Day
NAS branch office is open, but not available to the general public. All other NASA Federal branch offices are closed. Access your accounts online via eBranch at nasafcu.com or at one of more than 28,000 free ATMs nationwide including most area 7-Eleven and WAWA stores.

OCTOBER 15: International Credit Union Day
Stop by your local branch to celebrate your money, your choice, your credit union.