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!
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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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.
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.
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. However, many lenders prohibit the use of personal loans to cover college tuition fees.
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?
Savings Corner
APRIL 4, 2024
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