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 ›
CFO and CIO positions staffed with proven financial services professionals.
Alexandria, Va., February 25, 2015—Pentagon 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 ›
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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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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