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Reasons When Refinancing to a Higher Rate can Make Sense

What You’ll Learn:Learn whether refinancing at a higher rate may be the right move for you

Topic Discussed:Refinance, Home equity, Homebuying 101, Getting Started

Expected Read Time:5 MINS

Published: May 12, 2023

Considering refinancing but worried about the higher rate? Here is a list of instances when refinancing at a higher rate may be beneficial

When is a Cash-Out Refinance Better than a HELOC

What You’ll Learn:Learn about the perks of a cash-out refinance over a HELOC

Topic Discussed:Refinance, Home equity, Homebuying 101, Getting Started

Expected Read Time:5 MINS

Published: May 12, 2023

Considering a Cash-Out Refinance as opposed to a HELOC? Here you'll see how a Cash-Out Refinance may be the better choice for you.

Refinancing Your Home

What You’ll Learn:Learn the ins and outs of refinance.

Topic Discussed:Generic, Refinance, Home equity, Home Ownership

Expected Read Time:20 MINS

Published: Nov 09, 2022

In this eBook, we highlight everything you need to know for a smooth and simple refinance.

Do You Qualify for These 6 Benefits of a VA Streamline Refinance?

What You’ll Learn:Learn about the perks of a VA streamline refinance.

Topic Discussed:VA Loans, Refinance, Home equity, Home Ownership

Expected Read Time:6 MINS

Published: Oct 20, 2022

Refinancing a mortgage can feel like a big process, but not with a VA streamline refinance. See the benefits, who is eligible, and what it costs.

7 Things You Need to Know About FHA Streamline Refinancing

What You’ll Learn:Learn all about this simple refinance why you may - and may not - want to do it.

Topic Discussed:Refinance, FHA Loans, Home equity, Home Ownership

Expected Read Time:5 MINS

Published: Sep 16, 2022

Refinancing an FHA loan doesn't get any easier than a streamline. Learn all about this simple refinance why you may - and may not - want to do it.

Top Spring Home Maintenance Chores

What You’ll Learn:Top Spring Maintenance Tips You'll Want to Put on Your To-Do List

Topic Discussed:Home equity, First Time Home Buyer, Generic, Home Ownership

Expected Read Time:9 MINS

Published: Mar 04, 2022

Learn what springtime chores you should do to keep your home looking its best inside and out. Read on for more.

Rates Are Rising - Too Late to Refinance?

What You’ll Learn:Why Refinancing Now Might Be the Best Choice for What You Want to Accomplish

Topic Discussed:Refinance, HELOC, Home equity, Home Ownership

Expected Read Time:6 MINS

Published: Mar 04, 2022

Even though rates are on the rise, find out why refinancing may still be a good idea in some circumstances. Read on to learn more.

What You Forgot About Buying a Home

What You’ll Learn:The Basic Steps of Getting a Home Loan Even if You've Gotten One Before.

Topic Discussed:Purchase, Homebuying 101, Home equity, Finding a Home

Expected Read Time:9 MINS

Published: Feb 25, 2022

Even the most experienced home buyers could learn a thing or two in this recap about how the home loan process goes. Read on for a quick refresher.

Cash-Out Debt Consolidation Mortgage

What You’ll Learn:Whether or not you should pay off your debts using your home equity

Topic Discussed:Refinance, HELOC, Home equity, Home Ownership

Expected Read Time:10 MINS

Published: Feb 11, 2022

Consolidate Debt by Refinancing Your Mortgage. A home mortgage debt consolidation can pay off credit cards and debts. Enjoy low rates & less stress.

Paying for College with Home Equity

What You’ll Learn:Find Out How You Can Pay for College with Home Equity

Topic Discussed:HELOC, Home equity, Refinance, Home Ownership

Expected Read Time:4 MINS

Published: Feb 11, 2022

When you're looking at paying for college, there's a lot to consider. And as you know, college has a high price tag. Find out if taking out a home equity loan is the answer.
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HELOC LOANS

Rates starting at % (APR %)¹

 

Apply before becoming a member.

After your application, we’ll help you:

1. Discover you’re eligible to become a PenFed member

2. Open a Savings/Share Account and deposit at least $5

PenFed HELOC

Rates as Low as % APR with flexible use of funds

Apply before becoming a member.

After your application, we’ll help you:

1. Discover you’re eligible to become a PenFed member

2. Open a Savings/Share Account and deposit at least $5

Disclosures

1Prime Rate is % as of . The APR for this Home Equity Line of Credit (HELOC) is based on prime plus a margin and can change monthly. Fixed Rate Advances will be amortized over the Fixed Rate Advance Term, with the payment consisting of principal and interest. Your Annual Percentage Rate for a Fixed Rate Advance will be calculated by adding your Prime Rate, your Margin, and the Additional Fixed Rate Lock-In Margin. Your Annual Percentage Rate for a Fixed Rate Advance shall not exceed 18% and shall be equal to or greater than % for primary residences and second homes.