Savings Corner

DECEMBER 27, 2023

Here are five things you can do to make your personal loan easier to manage. The worst-case scenario is that you get a loan without a clear picture of its impact on your monthly cash flow, leading you to take on more debt to make up for it. If you can lower your payment or your interest rate, that makes sense.”

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Savings Corner

APRIL 4, 2024

Key takeaways Refinancing replaces your current mortgage with a new one, adjusting the rate, term or both. With refinancing, you can change the loan type as well as your lender. Here’s how refinancing a mortgage works, the common options available to you and pros and cons to consider. What is refinancing?

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Savings Corner

APRIL 4, 2024

Images by Getty Images; Illustration by Hunter Newton/Bankrate Although interest rates aren’t as favorable as they were in recent years, refinancing might make sense for homeowners who want to pull out cash to renovate their homes. Steer clear of any lenders that push refinancing even if it isn’t financially advantageous for you.

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Savings Corner

DECEMBER 25, 2023

How to use the mortgage calculator Under “Home price,” enter the price (if you’re buying) or the current value (if you’re refinancing). NerdWallet also has a refinancing calculator. A lot of factors go into that assessment, and the main one is debt-to-income ratio. Buy less house. Avoid paying PMI.

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Family Balance Sheet

FEBRUARY 19, 2022

Instead, he shared the story about Susan, a wife, and mother who handled all of the financial tasks in her home, from budgeting to making investment decisions. My new mission was to manage our money to make sure we used it wisely and stretched it as far as possible. Prepare the Family Balance Sheet to review with my husband.

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Savings Corner

DECEMBER 24, 2023

Debt reduction – How much do you need to pay down and how can you do it? And the plan can be as “big picture” or “little picture” as you want to make it. Debt reduction If you’ve piled on too much debt, a financial plan can help you devise a way to get out from under it.

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Family Balance Sheet

OCTOBER 16, 2017

The spreadsheet listed our short-term and long-term account balances, our debts, and our short-term and long-term financial goals. I refer to it weekly as I update loan and account balances, and review it with my husband monthly. I feel strongly that everyone should understand how their assets stack up against their liabilities/debts.

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