Savings Corner

DECEMBER 25, 2023

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.

Calculators 52

Calculators Debt Insurance Taxes 52

Savings Corner

APRIL 4, 2024

Cash-out refinance example Let’s say you still owe $100,000 on your home, and it’s currently worth $400,000. So, for this example, that means you need to keep $80,000 in equity, leaving you with up to $220,000 in tappable equity. However, this threshold varies depending on the property type.

Refinancing 52

Refinancing Work Debt Home Improvement 52

Prairie Eco-Thrifter

JULY 6, 2014

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. Everyone says don’t get the insurance, that your own car insurance (or perhaps your credit card) will cover you. per day).

Rental Car 167

Rental Car Cars Car Rent 167

Savings Corner

DECEMBER 24, 2023

Get started: You can get your credit report and score from each of the three major credit reporting agencies, Equifax, Experian and TransUnion, for free once a year. Your bank or credit card company might offer free access to your score or credit report, too. What’s your local market like?

Real Estate 52

Real Estate Buy Buying Credit 52

Savings Corner

APRIL 4, 2024

Try to boost your credit score ahead of time by paying off credit card balances and avoid applying for new credit accounts. They may ask for copies of utility bills, lease or rental agreements, property tax bills or credit card statements as proof of address.

Debt 52

Debt Credit Cards Credit Home Improvement 52

Savings Corner

APRIL 4, 2024

But there’s one key difference: You use the cash from the equity you’ve built in your home to repay other non-mortgage debt, like credit card balances. Streamline refinance Caret Down A streamline refinance accelerates the process for borrowers by eliminating some refinance requirements, such as a credit check or appraisal.

Refinancing 52

Refinancing Work Debt Financial Goals 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. A zero-based budget is planning for every single dollar of after-tax income. For example, if today is May 22, then follow these steps to plan for June’s budget.

Budgeting 133

Budgeting Budget Financial Goals Goals 133