Monthly Archives: February 2014

Is A Credit Union Right For You?

Is a credit union right for you?

Have you been considering switching financial institutions recently? Perhaps you have been shopping around for a good place to open a new savings account; or maybe you have been looking to get a new credit card. Whatever the reason, then

Posted in: Credit Unions, Personal Finance

PenFed Invents New Adjustable Rate Mortgage

PenFed’s New Cash Rewards Credit Card Pays Cash Back On All Purchases Everywhere

ALEXANDRIA, Va., Feb. 18, 2014—Homebuyers seeking an innovative mortgage, coupled with an incredible low rate, should take note. Pentagon Federal Credit Union (PenFed) today announced the launch of its 15/15 Adjustable Rate Mortgage (ARM); adding a brand new form of

Posted in: 2014, News Releases

What Is Negative Amortization?

What is negative amortization?

Our explanation of negative amortization has to start with some accounting terminology. Amortization happens when you reduce the principal of your loan by paying down the principal balance. This means you’re making a monthly mortgage payment that’s large enough to

Posted in: Mortgages & Home Buying, Personal Finance

6 Assumptions That Are Hurting Your IRA

IRA Assumptions

An IRA seems like a pretty straightforward way to save money for retirement. You save a little more than $5,000 per year in an account specially earmarked for retirement, choosing whether you’d like to make those contributions tax-free now—as you

Posted in: Personal Finance, Saving Money

4 Frugality Lessons I Learned From My Dog

4 frugality lessons I learned from my dog

You gain certain equanimity from owning a dog. A natural centeredness. A connection to the rest of your “pack,” but can you apply the same sense of balance you get from your loyal friend to the rest of your life?

Posted in: Personal Finance, Saving Money