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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.

No Closing Cost Refinance vs Refinance with Costs - Which Is Better?

What You’ll Learn:Determine whether a zero-cost refi or a refi with cost is best for you.

Topic Discussed:Refinance, Homebuying 101, First Time Home Buyer, Getting Started

Expected Read Time:4 MINS

Published: Oct 07, 2022

A zero cost refinance may sound like the obvious choice, but are there reasons to choose closing costs? Let's take a look.

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.

6 Things to Know About a VA Cash-Out Refinance

What You’ll Learn:Learn the VA cash-out benefits, requirements, costs, and if it's right for you.

Topic Discussed:Refinance, VA Loans, Getting Started

Expected Read Time:6 MINS

Published: Sep 16, 2022

Learn the VA cash-out benefits, requirements, costs, and whether this sought-after refinance option is right for you.

Your Top Refinancing Questions Answered

What You’ll Learn:Answers to most popular refinancing questions

Topic Discussed:Refinance, Getting Started

Expected Read Time:5 MINS

Published: Aug 25, 2022

Are you thinking about refinancing? See the answers to some of the most common questions borrowers ask when considering a refi.
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REFINANCE 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

1Rates are updated daily at 10:15am EST. The advertised rates and points are subject to change. The information provided is based on discount point, which equals percent of the loan amount, and assumes the purpose of the loan is to purchase a property with a 30-year, conforming, fixed-rate loan. Loan amount of $400,000; loan-to-value ratio of 75%; credit score of 760; and DTI of 18% or less. The property is an existing single-family home and will be used as a primary residence. The advertised rates are based on certain assumptions and loan scenarios, and the rate you may receive will depend on your individual circumstances, including your credit history, loan amount, down payment, and our internal credit criteria. Other rates, points, and terms may be available. All loans are subject to credit and property approval.