Savings Corner

DECEMBER 25, 2023

To calculate how much house you can afford, we take into account a few primary items, such as your household income, monthly debts (for example, car loan and student loan payments) and the amount of savings available for a down payment. How does your debt-to-income ratio impact affordability?

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Savings Corner

DECEMBER 24, 2023

Key takeaways A personal loan is money you can borrow to finance large purchases, consolidate debt, invest in yourself or cover emergency expenses. Working to improve your credit score and reduce your debt-to-income ratio before applying can help get you the best loan terms. Personal loans have advantages and drawbacks.

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Debt Credit Cards Credit College Tuition 52

Savings Corner

APRIL 4, 2024

To find out whether your business can afford a loan, many lenders will use something called a debt service coverage ratio (DSCR). DSCR = annual net operating income / total annual debt, including principal and interest Many lenders won’t consider any business with a DSCR below 1.25, and the higher the number, the stronger you look.

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Bank Banking Credit Finance 40

Savings Corner

FEBRUARY 2, 2024

Issuers are prohibited from providing cards to people under 21 unless they have proof of independent income or a co-signer — someone who agrees to be responsible for the debt if the primary cardholder doesn’t pay the bill. These companies gather the information used to calculate credit scores.

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Prairie Eco-Thrifter

MAY 6, 2016

Much of the information in it is basic personal finance guidance (with a biblical twist). Net current asset value is calculated by subtracting total liabilities from total current assets and then subtracting the value of preferred shares outstanding from that. However, while I worked, I also used this method to better advantage.

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Savings Corner

DECEMBER 25, 2023

But making a larger down payment has advantages that include: A better mortgage interest rate. In other words, it’s the extent to which your home is an asset rather than a debt. Personalized mortgage rates are not available on the website without providing contact information. More equity in your home right away.

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Savings Corner

DECEMBER 27, 2023

When it comes time to pay for something, you use your card at the cash register by running it through a card reader (or, if you’re online, you enter your card information on the checkout page). The issuer calculates your rewards. Otherwise, the issuer just calculates your rewards based on the flat rate.

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