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

Mortgage Refinancing: What Is It And How Does It Work?

Savings Corner

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?

Insiders

Sign Up for our Newsletter

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

article thumbnail

Pay Off Student Loans Fast With 7 Strategies

Savings Corner

The fastest way to pay off student loans is to pay more than the minimum each month. you can use a student loan payoff calculator to see how fast you could get rid of your loans and how much money in interest you’d save. Here are seven strategies to help you pay off student loans even faster. Would refinancing save you money?

Student 52
article thumbnail

Best Private Student Loans and Current Rates

Savings Corner

Learn more about private student loans Find the best student loan companies for: Loans for students How do private student loans and federal student loans differ? You apply for a federal student loan by submitting the FAFSA. You apply for a private student loan through a bank, credit union or online lender.

Student 52
article thumbnail

Best Graduate Student Loan Options of January 2024

Savings Corner

Federal graduate student loans Borrowers are eligible for two types of federal loans for graduate school: unsubsidized direct loans and grad PLUS loans. You can apply for federal loans for graduate school by completing the Free Application for Federal Student Aid, or FAFSA. What are the best loans for graduate school?

Student 52
article thumbnail

Best Way to Consolidate Debt Without Hurting Credit – Smart Money Moves For Moms

Penny Pinchin' Mom

The post Best Way to Consolidate Debt Without Hurting Credit – Smart Money Moves For Moms appeared first on Penny Pinchin' Mom. Without proper management, debt can quite literally bury you alive. The best way to consolidate debt without hurting credit is also the best way to get out of debt.

Debt 52
article thumbnail

Our 2017 Debt Freedom Plan Update

Family Balance Sheet

As I reflect back to January 2016, I started that year pretty determined to pay off the balance of our non-mortgage debts. Unfortunately, we did not hit that goal and in part, have made some major changes to our Debt Freedom Plan. Our Debt Freedom Plan Started in 2013: The year 2012 was quite exciting for me and my husband.

Debt 100