Savings Corner

DECEMBER 25, 2023

An important metric that your mortgage lender uses to calculate the amount of money you can borrow is the DTI ratio — comparing your total monthly debts (for example, your mortgage payments, including insurance and property tax payments) to your monthly pre-tax income. Your history of paying bills on time.

Calculators 52

Calculators Debt Taxes Insurance 52

Family Balance Sheet

JUNE 8, 2018

Many years ago, our cash flow sucked, we put Christmas on a credit card, and I wasn’t sure how I was going to pay for a large tax bill. I came up with strategies to help us pay for yearly bills, large expenses, and we were able to pay off debts. During that time, I started to budget for everything. lined paper.

Budget 133

Budget Budgeting Financial Goals Goals 133

Prairie Eco-Thrifter

MARCH 16, 2011

This extra money can be used to fund your retirement account or pay down some bills. PMI stands for private mortgage insurance. Private mortgage insurance is an extra mortgage insurance that lenders require from most homebuyers who obtain loans that are worth more than 80 percent of their new home’s value.

Saving Money 124

Saving Money Money Insurance Property Taxes 124

Prairie Eco-Thrifter

JULY 13, 2014

Closing costs : Per Realtor.com these are typically paid by the buyer, these costs can add between 2 – 7% of the purchase price to the buyers bill – but a motivated seller might grant some $$$ towards them. Deductible closing costs include points or prepaid interest on your mortgage and your share of the prorated property taxes.

Real Estate 186

Real Estate Taxes Insurance Property Taxes 186

Savings Corner

DECEMBER 27, 2023

Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. Home prices, property taxes and monthly rents vary from state to state, city to city, town to town and even neighborhood to neighborhood. What is the breakdown of the cost of living? Housing costs: According to the U.S.

Calculators 52

Calculators Tools Transportation Healthcare 52

Prairie Eco-Thrifter

MARCH 14, 2011

Any housing related insurance fees and property taxes are also important to include. This is the category where cell phone bills, movies, electronics, video games, and the internet would fall. This would include your monthly mortgage payment or rent payment. Leave out cable television and satellite television.

Money 159

Money Property Taxes DSL Frugal Lives 159

Family Balance Sheet

APRIL 11, 2020

I’ve shared before that April is the most expensive month of the year for us because our homeowners/auto insurance and property taxes are all due, along with any federal or state taxes that we might owe. Budget items we are temporarily stopping for now: EVERYTHING ELSE!

Budget 246

Budget Budgeting Family Debt 246

Savings Corner

APRIL 4, 2024

You can use these funds as retirement income, to pay medical bills or for any other goal. What to consider: You’ll get better rates and fewer fees (and won’t have to pay for private mortgage insurance) if you have at least 20 percent equity in your home. The more equity you have in your home , the less risky the loan is to the lender.

Refinancing 52

Refinancing Work Debt Financial Goals 52

Savings Corner

DECEMBER 24, 2023

Save for a down payment To avoid having to pay private mortgage insurance , or PMI, you’ll need to put down at least 20 percent of the home’s purchase price for a down payment. Analyze your monthly budget to make sure you can handle mortgage payments along with your other day-to-day bills. Determine the maximum loan you qualify for.

Real Estate 52

Real Estate Buy Buying Credit 52