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Cash-Out Refinancing: How It Works, When To Do It

Savings Corner

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. There are no limitations.

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How To Get A Personal Loan In 8 Steps

Savings Corner

Whether you need money to pay for an unexpected hospital bill, an emergency car repair or to finance some much-needed home renovations , knowing how to get a personal loan will help make the application process as smooth as possible. Run the numbers Before taking out a loan, decide exactly how much you need to borrow.

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How to Start a Budget (and be successful at it!)

Family Balance Sheet

A budget could help you avoid late and insufficient funds fees, find money for an upcoming trip or expense, and ease a disagreement over finances in a marriage. 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.

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