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How Much House Can I Afford? Affordability Calculator

Savings Corner

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. In the above example, that would allow a mortgage payment of $1,260 to achieve a 28% DTI.

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Cost of Living Calculator | City and Salary Comparison Tool

Savings Corner

Researchers conducted price collection in each city at a specified time and followed specific standards. Because the price of goods and services varies from one city to the next, calculating the cost of living will determine how affordable it is to live in a certain area. Where does the data come from? And it adds up.

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Selling Your Investment Property?

Prairie Eco-Thrifter

Your best strategy may involve situations such as waiting until your income levels go down; gifting your property instead of selling it; waiting for the market prices to go up; selling now, even if at a loss; or living in your property for awhile before you sell it. Here are some examples. Selling Costs.

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How to Determine Home Value

Savings Corner

Knowing how to calculate your home’s value with the help of online tools and trained professionals better prepares you to buy, sell, refinance, tap into your home’s equity — or even negotiate lower property taxes. Use the FHFA House Price Index Calculator The tool uses the “repeat sales” technique.

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How to Save on Rental Cars

Prairie Eco-Thrifter

The sales tax, plus the ongoing higher property tax and insurance are really turning him off – and the van does fine if we drive it locally or just for a few hours to the lake. When I priced it, the daily rate to add insurance was around $25! By renting on the weekend you could shave some bucks from your bill.

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Save Taxes: Negotiate A Reduction in Your Assessed Value

Prairie Eco-Thrifter

The assessor’s office is usually not the same office that collects the taxes (yep that would be the Collector’s office). Most state laws require that assessed value be based on the market value of the property. Here is an example: [link]. How is the assessed value determined? If so, proceed to the next step.

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Buying A House In 2023: A Step-By-Step Guide

Savings Corner

After a pandemic-fueled, seller-benefitting boom — with bidding wars, inventory shortages and spiraling prices all over the country — the housing market began to cool down in 2022. The impact of inflation and fast-rising interest rates dampened buyers’ interest, causing sales to slow and price appreciation to decelerate.