article thumbnail

Cash-Out Refinancing: How It Works, When To Do It

Savings Corner

Christina Zelow Lundquist/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways Cash-out refinancing allows you to turn equity into cash through refinancing your mortgage. The terms of your refinanced mortgage might significantly differ from your original loan, including a new rate or longer or shorter loan term.

article thumbnail

How to Manage Your Personal Loan

Savings Corner

Even if you’re doing a credit card consolidation loan [and] the only reason you got a consolidation loan is to have one payment, it still makes sense to gauge the impact on your budget,” Young says. Know where every dollar goes Find ways to spend more on the things you love, and less on the things you don’t.

Debt 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Sources for Quick Funding

Prairie Eco-Thrifter

Some lenders even offer grace periods during late payments, zero prepayment penalties, and refinancing options for customers. Funding is almost as immediate as a credit card. For those that don’t know, a personal line of credit is an unsecured revolving account that comes with a variable interest rate. Credit Cards.

article thumbnail

How to Calculate Home Equity

Savings Corner

You can use your equity to renovate some rooms, pay off credit cards, cover college tuition, start your own business … or almost anything else. As with a credit card, you borrow only what you need when you need it. As you follow your repayment schedule and pay down your mortgage, you’re building equity in your home.

article thumbnail

It’s Harley Time – But Is It Worth the Cost?

Prairie Eco-Thrifter

The company encourages the various clubs and activities of Harley owners to build a strong brand loyalty. Are Credit Cards From Grocery Stores Worth It? No Cost Refinancing – Pros and Cons. According to a Bloomberg Business Week article in 2011, the average age of Harley riders is now 47 (as opposed to 35 in 1987).

Milwaukee 185