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Home equity loan vs. home equity line of credit: Which is right for you?

Home equity loan vs. home equity line of credit: Which is right for you?

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

Posted in: Personal Finance

Top 5 reasons to take out a home equity line of credit

Top 5 reasons to take out a home equity line of credit

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

Posted in: Personal Finance

Why you should consolidate your debt with a bill consolidation loan

Why you should

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

Posted in: Personal Finance

Making responsible financial decisions with an inheritance

Making responsible financial decisions with an inheritance

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

Posted in: Personal Finance

Refinancing your auto loan with PenFed

Why you should refinance your auto with PenFed

What is refinancing your auto loan with PenFed worth to you? Find out now! Our own Sean Worthy, director of automotive sales and business development at PenFed, walks you through the common misconceptions about auto loan refinancing, the length of

Posted in: Cars, Personal Finance, Saving Money

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