1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
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Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
I guess to make money you'd put money down on more buildings (homes/apts) and rent them out.
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
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Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
4.24% isn't a horrible interest rate in itself.
Best thing is you'll be paying off principle faster during the 1.99% which will save you lots of money later.
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
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Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
What exactly is the different between a home equity loan and home equity line of credit?
My assumption is the loan is you take it out right away. The line of credit is available to you when you...
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
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Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
Can I take advantage of this even if my apt. is on the market?
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
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Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
makes sense to me!
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
Expired
Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
Almost a page in and no Dave Ramsey reference yet? good or bad.
NEW RECORD!
.... well I guess not since I mentioned it..bummer.
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
Expired
Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
Re-fied two places through PenFed no cost loans. Both went seamlessly. Highly recommend!
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
Expired
Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
You'll have to go find that for yourself. This is a secured loan against your home, thus not having a home automatically means this loan is not available to you.
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
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Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
Anyone know if they'll fund the note with proceeds to your first? This way if you're at 80% LTV or just under, you could still benefit from the reduced interest and shortened term.
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
Expired
Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
this is what got me... my equity's at about 25%, but the amount i was wanting to take out to pay off some student loans pushes me below that 20% mark
I would think that restriction would limit who...
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
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Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
Wow, judgemental much? As a parent, I would bend over backwards to help my children out...whether it be because they're going to school to become a doctor or working retail at Wal-Mart. Not every...
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
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Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
Mortgage interest in tax deductible and student loan debt cannot be discharged so there's no reason not to if you have the free cash flow ($175/month/$10k borrowed) or assets to pay back.
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
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Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
The statement below is directly from the penfed site during application process but it might be referring to mortgage applications (even though I'm looking at a HEL application).
"PLEASE NOTE:...
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
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Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
I'm in a very similar situation as you. I just applied and was approved for this offer. I am going to use it to pay off the mortgage. I was paying extra per month anyway, so the jump in payment...
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
Expired
Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
Solid loan rate, looks like I need to re-open my PenFed account.
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
Expired
Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
My house is accessed by county at 165K.
The appraisal report at the time of purchase is at 182K.
While applying for loan what should I chose for "Estimated Market Value of Property"
Is it...
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
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Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
I have a bs ding on my credit right now that has dropped me to 680. I owe 83K on a house worth 204K....I also have a rental property 100% paid off. I usually keep a 10K reserve, but my last tenant...
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
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Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
Pentagon Federal Credit Union (PenFed) is now offering a 5 year home equity loan (HEL) for only 1.99% with NO closing costs! Must be owner-occupied home with 80% or less loan to value, must apply...
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
Expired
Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
Most likely no. Only the equity above 20% qualifies for the 1.99% rate.
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
Expired
Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
Hi, OP here! You need to be a member of PenFed to qualify for the home equity loan (HEL); probably the easiest way to become a member (if you're not U.S. military) is by joining the National...
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
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Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
No, you can become member of one of two associations ($15-$20 one time fee) and become a member of the credit union that way. You will find this info during the sign up process where you will chose...
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
Expired
Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
Same question, can I pay off a first and a HELOC with this fixed second?
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
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Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
If you take out an $84k loan for 5 years at 1.99% your payment would be $1472 per month for 60 months... If you can afford that it would be a great way to pay off your current mortgage while paying...
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
Expired
Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
can i use this for auto loan? thx perfect timing for BRZ purchase :P
do i have to accept the loan if i submit the application?
is there any pre-approval rate? TIA
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
Expired
Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
Do you hold an executive position at Bank of America?
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
Expired
Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
Wonder if it matters whether a Home Equity Interest can be deducted on income taxes?
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
Expired
Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
If you don't currently own a home, but would like a loan with this interest rate, would I be able to get one? This is strictly for money making.
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
Expired
Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
Hi, OP here. This is a "Fixed Home Equity Loan" with fixed monthly payments. This "promo rate" is an excellent one - 1.99% fixed for five years. (If you can find a slicker deal at your local bank,...
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
Expired
Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
You need more than 20% equity in your home.
You can only borrow an amount that will not reduce your equity below 20%.
You need an excellent credit score. At least 720 or up.
You will have...
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
Expired
Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
Go figure, another heavily subsidized program for the West Coast states, or should I say California. Gee, I wonder how many electoral votes they have? Hint (CA=55,OR= 7, WA=12).
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
Expired
Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
Bought a foreclosed home 5months back @140k. Appraisal came out to 225K. House needs some repairs that are not mentioned in the appraisal. One of it is a major repair. I ripped out the basement to...
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
Expired
Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
Do the math. For example, if the selling price of a home is $100K and you put down $20K, the the Loan To Value is 80%.
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
Expired
Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
Damn. I wondered that as well, but didn't think to ask. Not that I mind donating $15 to one of the other charities, but being doubly charged when their Site failed is kind of annoying.
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
Expired
Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
Thank you for the reassurance. btw I knew he was being sarcastic, its all good.
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
Expired
Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
Hi, I work in this field so I hope my example can clear up any confusion.
Let's say your home is worth $100k. Your current loan is for $80k. That means you have $20k equity in your house. With...
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
Expired
Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
Hi...can anyone please let me know whether this CAN be used on a student loan?
I have a student loan which has 12k left at 4.5% (LTV 50%).
I am ok to pay the loan off in 5 years at the lower...
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
Expired
Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
Hi DeSotoSteve, Yay to you, saving $14K is a big deal! Also, thanks much for the rep. :)
1.99% Home Equity Loan from Pentagon Federal Credit Union (PenFed) with NO Closing Costs!
Expired
Thread created 03-25-2012 by Rokket
+62 Score
372 Replies
187,322 Views
I agree, the response was unnecessarily harsh.
BTW, here is my favorite skit from the MightyBoosh:http://www.youtube.com/watch?v=I6iw07fddx4&feature=player_embedded
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