1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
Deal DetailsLast Edited by widgit March 25, 2012 at 03:50 PM
Here's a link for more info: https://www.penfed.org/home-equity-loan/
Use a home equity loan to remodel/renovate your house, pay college costs, pay down your higher interest debt (including a mortgage), or buy a second home or investment property. HELs may be tax-deductible.
I've never seen a better deal on a home equity loan (1.99% for 5 years with no closing costs!!!), so if one is right for your situation you might want to check into PenFed. PenFed has a great reputation. Link to home page: https://www.penfed.org/HomePage.aspx
Hope this helps someone!
Edit: Home equity loans may be tax deductible, see IRS publication http://www.irs.gov/publications/p...1000230008
FYI - I applied for mortgage with penfed a month ago - I got approved and then I was able to get their platinum visa card WITHOUT a new credit check. They use the credit report from my home mortgage. This card has no annual fees and you get $250 in rewards with $1000 spent within first 3 months. So this should work with this HELOC offer also. Link: