Savings Corner
DECEMBER 24, 2023
Working to improve your credit score and reduce your debt-to-income ratio before applying can help get you the best loan terms. Common reasons include paying off debt, financing a large purchase such as a vehicle or a boat, or covering the cost of a major expense like a wedding or a home renovation.
Savings Corner
DECEMBER 27, 2023
Lenders primarily use your financial and credit information to determine your rate, but may consider additional information like whether you own your home, your education level and your employer. Borrowers with good to excellent credit scores (690 and higher) typically get the lowest interest rates and can borrow larger amounts.
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Savings Corner
APRIL 4, 2024
While high compared to their average of six percent in 2022, that’s significantly lower than other forms of consumer debt. Credit card rates are lingering above the 20-percent mark, and personal loans can stretch into the 25–35 percent range for borrowers with less-than-perfect credit scores. to 10 percent.
Family Balance Sheet
OCTOBER 6, 2014
Is it to pay off your house? Pay cash for a trip to Hawaii or your kids’ education. Or maybe you want to pay off (and cut up) your credit cards. Too often we only think about goals in January, but today we’re going to work on new financial goals. S – specific.
Family Balance Sheet
APRIL 9, 2021
Prior to FPU, we thought we were doing well financially and never considered that we had too much debt. We didn’t carry over credit card balances, we paid off our car notes early, and the interest rate on the student loan was at a low 2.75%. At that time, we didn’t consider all debt to be dumb. Brain dump!
Family Balance Sheet
MAY 27, 2015
We made sure we could afford the monthly payments on a 15 year mortgage, with the mindset that we would pay more each month. What inspired you to get debt free? There were two things that inspired us to pay off debt. And this is just on a mortgage, not including any credit card or student loan debt.
Family Balance Sheet
AUGUST 11, 2016
” Her comment was echoed by another (in real life) conversation I was having with a different friend who is sending a child off to college this fall. The cost of college education is crushing and many parents feel compelled to assist or pay for the entire tuition. This leaves not much left to save for retirement.
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