Articles – PenFed Blog http://blog.penfed.org Your Money Fri, 20 May 2016 04:15:24 +0000 en-US hourly 1 VA Home Loan mortgages put vets right at home http://blog.penfed.org/va-mortgages-vets-right-home/ Fri, 20 May 2016 04:15:24 +0000 http://blog.penfed.org/?p=6950 Since the 1940s, the U.S. government has rewarded the service of military personnel by guaranteeing mortgage loans at exceptional rates. The VA Home Loan program is designed to help veterans and their spouses land back in civilian life with both

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Don’t fall for predatory lending schemes http://blog.penfed.org/predatory-lending-schemes/ Wed, 18 May 2016 13:30:23 +0000 http://blog.penfed.org/?p=6872 Whether you’re tied up in knots in a good way over pulling the trigger on that big purchase you’ve always dreamed of making or you’re tied up in knots in a bad way over sorting out a financial emergency, choosing

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What you need to know about your new EMV chip enabled credit card http://blog.penfed.org/emv-chip-enabled-credit-card/ Wed, 11 May 2016 04:05:52 +0000 http://blog.penfed.org/?p=6875 Credit cards in America are changing, and the new name of the game is EMV chip enabled cards. You’ve probably recently noticed a difference at your favorite stores as new credit card readers have made an appearance at the register.

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Home equity loan vs. home equity line of credit: Which is right for you? http://blog.penfed.org/home-equity-loan-vs-eloc/ Fri, 06 May 2016 04:05:46 +0000 http://blog.penfed.org/?p=6825 Borrowing money against the value of your house can be a smart way to finance a wedding or handle an emergency that might otherwise drain your finances. If you have significant equity in your home (subtract how much you still

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Use a PenFed Rewards card to make the most of Mother’s Day http://blog.penfed.org/use-penfed-rewards-mothers-day/ Thu, 05 May 2016 04:05:50 +0000 http://blog.penfed.org/?p=6445 Just look at how the calendar has flown by. It’s nearly Mother’s Day, which falls on Sunday, May 8, this year. Instead of letting it sneak up on you why not start planning right now? Even if you don’t have

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Should you refinance your car? http://blog.penfed.org/should-you-refinance-your-car/ Fri, 29 Apr 2016 04:05:40 +0000 http://blog.penfed.org/?p=6647 Refinancing your auto loan at the right time can save you money in all the right places, from the amount you pay every month to the overall cost of your car. You can even use an auto refi to effectively

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Top 5 reasons to take out a home equity line of credit http://blog.penfed.org/5-reasons-take-out-heloc/ Wed, 27 Apr 2016 04:05:12 +0000 http://blog.penfed.org/?p=6787 If you’re in need of cash to cover major expenses, you might consider maxing out your credit cards or taking out a high interest loan but these may not be your best options. If you’re a homeowner, you have another

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Plug into a new hybrid or electric car http://blog.penfed.org/hybrid-electric-car/ Fri, 22 Apr 2016 04:05:39 +0000 http://blog.penfed.org/?p=6572 Earth Day has been linked to campaigns for eco-conscious driving and better gas mileage for so many years now that the annual event almost automatically makes people think about hybrid and electric vehicles. Yet these days, driving an alternative fuel

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Why you should consolidate your debt with a bill consolidation loan http://blog.penfed.org/consolidate-debt/ Wed, 20 Apr 2016 04:05:24 +0000 http://blog.penfed.org/?p=6447 Fortunately, there’s a way to simplify your finances and lower your interest rates with a PenFed Bill Consolidation Loan. With a PenFed Bill Consolidation Loan, you get a single, fixed-rate loan which you can use to pay off your debt

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Making responsible financial decisions with an inheritance http://blog.penfed.org/responsible-financial-decisions/ Mon, 18 Apr 2016 04:01:43 +0000 http://blog.penfed.org/?p=6452 Deciding how to handle an inheritance can stump even those who saw it coming and thought they had a solid plan. The difference between what you ought to do with a large sum of money and what you would like

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