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MORTGAGE KNOWLEDGE CENTER
PenFed Mortgage with Confidence

Rates starting at
June 4, 2021
As spring rolls around and you take your first tentative steps outside, you may notice that your home is worse for wear after a long winter. That's right. It's time for spring cleaning. The good news is that spring cleaning can be a great opportunity to spend some time outdoors as the weather improves. And it's an important process to keep your home in tip-top shape. Below are the main chores you'll want to tackle each spring.
Interior Springtime Chores
1. Clean up your entryway.
Whether it's your entryway, mudroom, or another space, there are probably tracks from muddy winter boots. As spring begins, give this space a refresh, scrubbing the floors and cleaning off the bottoms of shoes to prevent damaging the flooring.
2. Make sure you're up to date on pest control.
Like it or not, you're not the only one who's emerging from a long, cold winter excited to get moving. Bugs, pests, and rodents also become active in the spring. And they're more than happy to enter your freshly opened windows or burrow into your home's foundation. In addition to being an annoyance, pests can cause costly damage to your home if left unchecked. Spring is a great time to refresh your pest control system, whether that means laying traps, cutting back hedges, or hiring a professional.
3. Change and check filters.
It's always a good idea to keep up with regular maintenance of the various filters around your house. A prime example is your HVAC — heating/ventilation/air conditioning unit. It's wise to check these quarterly. It is a simple process that saves you money over time. Another significant and often overlooked example is inspecting your refrigerator's filter. The compressor is the heart of your refrigerator, and often dust, animal fur, and dirt can cause significant damage if left uncleaned.
4. Check and test your alarms for fire and CO2.
It's always a smart idea to check the batteries and test your fire and CO2 alarms.
5. Store winter clothes and bring out lighter-weather garments.
Unless you're one of the lucky few who have too much closet space, it's a good idea to keep clothing you're unlikely to wear — like that puffer jacket — in storage during the warmer months. This can be as simple as placing your warm clothes in a bin and storing them in the garage or under the bed. Regardless of what you choose, make sure to completely seal the box to prevent bugs or other pests from getting into your clothes during the summer. If you have a vacuum seal bag, this is the time to use it.
Exterior Springtime Chores
6. Inspect roofing for missing, loose, or damaged shingles and leaks.
Winter weather can be rough on your roof. As a homeowner, you know the value of preventative care. And a neglected roof can translate to thousands of dollars in repairs. To save yourself the cash and hassle, do a full inspection of your roof in the spring to identify any damages or leaks. It's also a great time to call a roof repair service since their calendars tend to fill up quickly in the summer.
7. Clean out and repair your gutters.
While you're inspecting the roof, you'll want to clean out your gutters as well. Over the winter, they get clogged with leaves and dirt, making them mostly ineffective. The last thing you want is a leaking gutter causing mildew and rot on your home. You can either clean them out yourself or hire someone to do it for you if it makes you nervous. Either way, this should be one of your first outdoor chores in spring since the gutter debris will end up all over your walkways and yard.
8. Wash your siding to remove mud and stains.
Once the roof and gutters are in good shape, then it's time to wash the siding. Winter weather may have caused dirt and water stains on the exterior, especially near the bottom. If not, then you'll at least need to wash off the debris that ended up on the house when you cleaned out your gutters. Cleaning the siding will offer a clear aesthetic benefit, but it can also prevent mold or rot. Depending on your home's exterior material, this may be a job for a power washer. But a hose or scrub brush is also acceptable in most cases.
9. Check your driveway and walkways, and repair any cracks.
Cold, wet winters spell out trouble for concrete driveways and walkways. It's not uncommon for these areas to start showing cracks in the spring. You'll want to catch them early so you can reseal them before they become more extensive. Do a full visual inspection of your driveway and walkways, and treat any cracks with sealant.
10. Break out the lawnmower and hedge trimmers.
Once you've cleaned up your home inside and out, then you can finally get started on the yard. Rake up fallen leaves and twigs, trim trees and hedges, and mow the lawn. This is also the perfect time to plant new trees, flowers, or vegetables and get a head start on weeding.
We hope you've enjoyed these spring chore tips. And remember, when it's time for you to refinance or purchase a new home, contact the mortgage professionals at PenFed.
To learn more about PenFed loans or determine which loan is right for you:
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Disclosures
*Prime Rate is 6.750% as of December 12, 2025. The APR for this Home Equity Line of Credit (HELOC) is based on prime plus a margin and can change monthly. Fixed Rate Advances will be amortized over the Fixed Rate Advance Term, with the payment consisting of principal and interest. Your Annual Percentage Rate for a Fixed Rate Advance will be calculated by adding your Prime Rate, your Margin, and the Additional Fixed Rate Lock-In Margin. Your Annual Percentage Rate for a Fixed Rate Advance shall not exceed 18% and shall be equal to or greater than 6.750% for primary residences and second homes.
- Annual Fee: Notwithstanding the foregoing, an annual fee of $99 will be assessed on each account anniversary.
- Home equity lines of credit (HELOC) are variable rate loans and the interest rate is subject to increase after consummation of the loan on monthly basis. Closing costs range between $500 and $8,500 for credit lines of $500,000. Contact a representative for additional details.
Appraisals: PenFed will attempt to establish value via an independent method. If that method is unsuccessful, or the value is not sufficient for the amount requested, an appraisal will be required regardless of CLTV. An appraisal is always required in the following circumstances:
For all loans with a loan amount greater than $400,000.
If an appraisal is required, it must be ordered by PenFed. You will be contacted for authorization and payment prior to ordering. Appraisal fees average $550 to $850 (some run higher).
- Closing Cost Credit: PenFed will pay most closing costs associated with a home equity line of credit (HELOC), which includes credit report, flood certification, settlement/closing, property ownership and encumbrances search, recording, property search, and quick close. Member is responsible for any city, county, and/or state taxes if the subject property is located in FL, LA, MD, MN, NY, TN, or VA. If an appraisal is required, the member, who is responsible for the fee whether or not the loan closes, will pay the cost.
Interest may be tax deductible, consult a tax advisor for further information regarding the tax deductibility of interest and charges.
Fixed Rate Advance Lock-In You may lock in an Annual Percentage Rate for Advances during the Draw Period. During your Draw Period, you may choose to have three separate Fixed Rate Advances locked in at any one time, with a maximum of two new Fixed Rate Advances per calendar year. Each Fixed Rate Advance must equal or exceed Ten Thousand Dollars ($10,000.00) and you may not request a Fixed Rate Advance that would cause the amount you owe to exceed your Credit Limit. The only term option for your Fixed Rate Advance is 240 months (“Fixed Rate Advance Term”). However, the term of your Fixed Rate Advance cannot exceed your Repayment Period.
Fixed Rate Advances will be amortized over the Fixed Rate Advance Term with the payment consisting of principal and interest. Your Annual Percentage Rate for a Fixed Rate Advance will be calculated by adding your Prime Rate, your Margin and the Additional Fixed Rate Lock-In Margin. Your Annual Percentage Rate for a Fixed Rate Advance shall not exceed 18% and shall be equal to or greater than 6.750% for primary residences and second homes.
Property Insurance: Property insurance is required.
Multiple PenFed Loans: Multiple PenFed Equity loans and HELOCs are available as long as the member and collateral qualify (except Texas). For Equity loans and HELOCs the total indebtedness cannot exceed $500,000 for all PenFed Equity and HELOCs combined.
PenFed does not lend on:
- Mobile homes
- Co-ops or time-shares
- Properties that are currently listed on the market for sale
- Commercial property or property used for commercial purposes, even if a residence is part of the property
- Undeveloped property (land only)
- Properties with more than 4 units
Properties that are currently under major construction/renovations: Property must be fully livable, with no safety issues. (Examples: no missing rails from stairs/decks, no open walls with wires showing, missing kitchen appliances/counters, missing bath fixtures or unfinished pool).
- Additional limitations may apply
Home Equity Line of Credit:
- This Account has a Draw Period of 10 years, followed by a repayment period of 20 years.
- If only minimum payments are made during the draw period, the loan balance will not decrease.
- In Texas, the maximum CLTV available is 80% on owner occupied properties. Additional restrictions apply in Texas, so please ask a representative for details.
- In all other states, the maximum CLTV is 85% on owner occupied properties and second homes. Additional restrictions or requirements may apply based on application characteristics.
- Property type of Condo has a maximum CLTV of 80%.
- The maximum CLTV available is dependent on credit qualification.
- Rates vary depending on owner occupancy and CLTV and other loan criteria.
Minimum Loan Amount Requirements in all States:
- For an owner occupied property or second home the minimum loan amount is $25,000 and the maximum amount is $500,000 with a CLTV of 85% or less of the fair market value.
Other terms and conditions apply; call 844-918-4307 to speak with a representative for details. All rates and offers are subject to change without notice. To receive advertised product, you must become a member of PenFed.