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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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Rent vs Buy Calculator: Should I Rent or Buy?

Savings Corner

You can see, for example, that we assume your security deposit for renting is equal to one month’s rent, and that you’re making a 20% down payment. It takes into account typical spending on home renovations and maintenance. They’re visible and you can easily change those numbers for a more customized result.

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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 zero-based budget is planning for every single dollar of after-tax income. For example, if your paychecks net to $3000 a month, then you plan the spending for $3000, and not a single dollar over or under. For example, if today is May 22, then follow these steps to plan for June’s budget.

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