Today I received an email from PenFed (Pentagon Federal Credit Union) touting new lower mortgage rates:
"Limited-Time Offer -- PenFed Lowers Mortgage Rates AGAIN!"
The 5/5 adjustable rate mortgage is now just 2.75%, with no origination fees and PenFed paying closing costs up to $10K. (There's also the 5 year HEL with a 1.99% rate; the HEL rate is not new.)
https://www.penfed.org/55-Adjusta...-Mortgage/
https://www.penfed.org/Home-Equit...-Overview/
The 30-year fixed rate mortgage is now just 3.375%, with no origination fees (per fine print on the application page).
https://www.penfed.org/30-Year-Fixed-Mortgage/
PenFed used to charge a 1% origination fee on all fixed rate mortgages, but right now the 30-year fixed rate mortgage seems to be exempt!
There are many ways to join PenFed; for example, you can make a donation to the National Military Family Association. The PenFed website has further details:
https://www.penfed.org/
703 Comments
Your comment cannot be blank.
Sign up for a Slickdeals account to remove this ad.
https://netmember3.penf
Sign up for a Slickdeals account to remove this ad.
If that $3K estimate is correct, the Bankrate refi calculator estimates my payment to drop about $225 and my closing cost break-even point is at just over 13 months with 27+ years left on the loan. That's pretty much a no brainer. Thanks... I'll be starting this process this weekend.
Do you think I would qualify for this Penfed? I know little about it other than seeing it listed on creditboard forums... but Im tired of renting... for the money I spend a month, I WANT SOMETHING TO SHOW FOR IT!
Thanks,
Do you think I would qualify for this Penfed? I know little about it other than seeing it listed on creditboard forums... but Im tired of renting... for the money I spend a month, I WANT SOMETHING TO SHOW FOR IT!
Thanks,
Do you think I would qualify for this Penfed? I know little about it other than seeing it listed on creditboard forums... but Im tired of renting... for the money I spend a month, I WANT SOMETHING TO SHOW FOR IT!
Thanks,