Should you finance that with a home equity line of credit?


A home equity line of credit (or HELOC, as it’s called in the acronym-drenched world of finance) works a lot like a credit card, with one big caveat: Your home is on the line as collateral until you’ve paid off the debt. Many people refer to a HELOC as a second mortgage because it’s backed by the value of your home, just like your original mortgage. Read more ›

Posted in: Mortgages & Home Buying, Personal Finance

How to read a new car window sticker

car window sticker

If you’re browsing a new car lot, the most important thing to pay attention to is the window sticker on each car. Required by law on all new automobiles sold in the United States, the window sticker (or Monroney sticker) is packed with information. There’s so much information, in fact, that you may not know just what you’re looking for when you see it — which is made more problematic by the fact that different manufacturers will format their window stickers in different ways.

So if you’re planning on going car hunting, let us help you decipher the window sticker. We’ll break down just what you can expect to find in a car’s window sticker — as well as what’s important.

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Posted in: Cars

Press Release: New Hires Fill Two Key Leadership Posts at PenFed

CFO and CIO positions staffed with proven financial services professionals.

Alexandria, Va., February 25, 2015Pentagon Federal Credit Union (PenFed) recruited two more top-level executives this month; hiring chief financial officer and chief information officer, Denise McGlone and Joseph Thomas, respectively. Read more ›

Posted in: 2015, Press Releases

Life insurance frequently asked questions

life insurance concept

A life insurance policy is part of any sensible financial plan — and it can be key to ensuring your family’s long-term financial stability. However, life insurance can present a confusing array of options, so we’ll help you figure out the basics with this list of frequently asked questions.

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Posted in: Personal Finance, Uncategorized

Most common real estate terms

real estate concept

If you’re purchasing your first home or otherwise diving into the world of real estate for the first time, you’ll find yourself confronted by a lot of unfamiliar terminology. Don’t let real estate jargon scare you away from your dream home — we’ll walk you through the terminology you’re most likely to run into.

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Posted in: Mortgages & Home Buying

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