Savings Corner

APRIL 4, 2024

While you can’t cash out all of your home’s equity, the process gives you access to a larger sum of money without needing to sell your home. You can use this money for any purpose, including home remodeling , consolidating higher-interest debt , college tuition and other financial needs. How does a cash-out refinance work?

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Family Balance Sheet

OCTOBER 15, 2021

Since March of 2020, over $1300 has been transferred into my daughters’ 529 College Savings Accounts. In the grand scheme of college tuition, $1300 barely makes a dent, however, that was just the first 18 months, and we have another 9 years before my youngest graduates from college. 108 Months X $72 = $7,776!

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Savings Corner

APRIL 4, 2024

Source: ICE Mortgage Technology February 2024 “Mortgage Monitor” report Pros and cons of a home equity loan Advantages You’ll have a fixed interest rate and predictable monthly payment. If you decide to formally apply, you can typically start the process online and upload the requested documentation to get a lending decision.

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Penny Pinchin' Mom

MARCH 11, 2024

Whether you are looking to save extra money for your emergency fund and potential unexpected expense, a new kitchen, or your kids’ college tuition—you name it—you will require self-discipline and a plan to reach any financial goal. If so, you should take full advantage of that and whatever else is being offered.

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Savings Corner

APRIL 4, 2024

Home equity loans drawbacks include putting your home at risk of foreclosure and their lengthy application process. Paying for college: You may find lenders who advocate paying college tuition via home equity, but this is a risky move. What is a home equity loan?

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Savings Corner

DECEMBER 24, 2023

If you’re looking to get a personal loan, you’ll have to complete an application and wait for approval — a process that may take anywhere from a few hours to several days. Personal loans have advantages and drawbacks. You might, for example, be offered financing by a home improvement store when you buy an appliance.

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