article thumbnail

Refinance Calculator | Bankrate

Savings Corner

What is mortgage refinancing? Mortgage refinancing is when you replace your current home loan with a new one. Just like any other loan, you apply for refinancing, which includes a thorough check of your credit, income, employment history and finances. Ideally, you’ll also get a lower rate in the process.

article thumbnail

How to Budget (and Pay) for Yearly Bills + a FREE Speadsheet

Family Balance Sheet

They can cause a panic, especially when just one bill is into the four figures, like our property taxes or auto insurance! Our home owner’s insurance, auto insurance, and local real-estate taxes (for our home and our business property) are due, and on top of that, there have been years where we also owed the Federal government.

Bills 130
Insiders

Sign Up for our Newsletter

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

article thumbnail

Mortgage Calculator with PMI and Taxes

Savings Corner

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. But most mortgage payments include other charges as well. If you’re putting enough money down. Buy less house.

article thumbnail

Forget the Small Stuff; Save Money on Bigger Costs

Prairie Eco-Thrifter

Insurance Premiums. You might be surprised at how few people actually shop around for lower insurance premiums on a regular basis. Get a few quotes, and bring them to your current insurance company to see if they will match the lower quotes. If you haven’t refinanced to a low interest rate, you could be missing out.

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?

article thumbnail

Create a Personal Escrow Account for Your Quarterly & Yearly Bills

Family Balance Sheet

Our home-owner’s insurance, auto insurance, and local real-estate taxes (for our home and our business property) are due, and on top of that, we also owed the Federal government this year. I started our personal escrow account years ago, when we refinanced our mortgage. My list includes: home owners insurance – due yearly.

Bills 100
article thumbnail

What Is Financial Planning? | Bankrate

Savings Corner

These areas range from the basics such as budgeting to more complex areas such as saving and investing for retirement as well as estate planning for the distribution of your assets. Insurance – How can you get the right coverage at the right time? Retirement – How much do you need to save from each paycheck to retire comfortably?

Goals 52