Penny Pinchin' Mom

DECEMBER 17, 2023

The post The Age Old Question: Should You Pay Off Debt or Save? Should you pay off debt or save? So, you want to get started on debt repayment so you can focus on other financial goals? However, if you pay off these debts, there will be nothing left for investments in these tough financial times.

Pay Off Debt 52

Pay Off Debt Debt Emergency Fund Financial Goals 52

Savings Corner

APRIL 4, 2024

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. Calculate your business revenue minus operating expenses. Calculate the yearly cost of your loan , including principal and interest.

Bank 40

Bank Banking Credit Finance 40

Savings Corner

DECEMBER 24, 2023

Working to improve your credit score and reduce your debt-to-income ratio before applying can help get you the best loan terms. Common reasons include paying off debt, financing a large purchase such as a vehicle or a boat, or covering the cost of a major expense like a wedding or a home renovation.

Debt 52

Debt Credit Cards Credit College Tuition 52

Savings Corner

APRIL 4, 2024

Consolidating high-interest debt: If you’ve been struggling to pay off debts with high costs like credit cards, a home equity loan can make a big difference in the amount of interest you’re paying. Bankrate’s home equity calculator can help you estimate your exact borrowing power.

Home 52

Home Debt Credit Cards Credit 52

Prairie Eco-Thrifter

OCTOBER 15, 2011

Don’t Quit Your Day Job: Refinance Your Mortgage and Pay the Same Amount? Yeah, There’s a Calculator for That Refinancing your mortgage to a lower rate and paying the same amount is an interesting sound-byte from Personal Finance Bloggers – but has anyone really run the numbers?

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October 2011 Finance Personal Finance 200