Savings Corner
DECEMBER 25, 2023
Your debt-to-income ratio is the percentage of pretax income that goes toward monthly debt payments, including the mortgage, car payments, student loans, minimum credit card payments and child support. But most mortgage payments include other charges as well. When the taxes are due, the loan servicer pays them.
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. Credit profile. Debt and expenses.
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The Frugal Girl
FEBRUARY 18, 2024
As an adult, it’s important to me to continue to be generous, as well as, provide financial security for myself and my family. While we were still renting an apartment, I researched areas with lower property taxes, scouted out my ideal neighborhoods, and waited for a smaller, less expensive house to come on the market.
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. I want this vacation to go well and that rental car will be our daytime home for 12 days. Reserve well ahead of your need.
Family Balance Sheet
JUNE 4, 2015
To many, working with a spouse would be too difficult, but our individual strengths and weaknesses complement each other and the arrangement has worked well. Our business was doing well and it seemed like the right time for us to buy. As much as I wanted to be a property owner, the extra debt was beginning to suffocate us.
Family Balance Sheet
MAY 6, 2020
I am totally paraphrasing the year, but had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. We’d survived the dip in 2007, carried no credit card debt, and we were contributing to our retirement. What got us through financially? Our emergency fund.
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. FAQs What is a good credit score to buy a house?
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