Prairie Eco-Thrifter

NOVEMBER 25, 2012

The down-side of this method is that interest rates are usually quite low so the amount your money makes for you is small. Investment in the stock market seems to be attractive at the moment because stock prices are still low, which means that investors can buy more shares for their money. No Cost Refinancing – Pros and Cons.

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Money Debt Refinancing Credit Cards 189

Savings Corner

DECEMBER 27, 2023

Ascent Graduate Student Loan While federal interest rates are historically low for the 2020-21 academic year, you still may get a better rate with a private graduate student loan. You can apply for federal loans for graduate school by completing the Free Application for Federal Student Aid, or FAFSA.

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Student Graduation January College 52

Prairie Eco-Thrifter

MARCH 16, 2011

One good thing that has come from the recent financial crisis is that interest rates have fallen to record lows. Refinancing your loan can save your thousands of dollars a year in interest payments. You can get a much lower rate on your loan if you choose to refinance. You will however need good credit to qualify.

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Saving Money Money Insurance Property Taxes 124

Family Balance Sheet

OCTOBER 16, 2017

We refinanced multiple times during the hey day of low interest rates at various banks and credit unions. Granted, we’ve been here 16 years, but much of this equity was the by product of specific decisions we made: We bought a smaller home. This house was less than what the bank said we could afford.

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Family Financial Goals Debt Calculators 100

Savings Corner

APRIL 4, 2024

The RIIR (the rise in interest rates) throughout 2022 and 2023 — particularly mortgage rates, which have doubled since their mid-pandemic lows — have decimated the appeal of cash-out refinancing, once the go-to way to tap a homeownership stake. What’s the appeal? Hence, the interest in home equity loans and HELOCs.

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Home Work Debt Credit 52

Family Balance Sheet

FEBRUARY 10, 2017

It is amortized over 30 years, so the minimum payment is really low, so not much gets applied to the principal. Over the years, we took advantage of low interest rates and refinanced and transferred the loan several times. It is now a home equity loan with a very low 2.75% interest.

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Debt 2017 Student 2016 100

Savings Corner

APRIL 4, 2024

Tip: A stable income, high credit score and low DTI ratio increase the odds you’ll be approved for a personal loan. Bad credit now vs. better credit later If your credit score is low because you have a lot of maxed-out credit cards, a personal loan for bad credit could help you pay those debts off and reduce your credit utilization ratio.

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Debt Credit Cards Credit Home Improvement 52

Savings Corner

DECEMBER 24, 2023

That may involve going back to the basics of budgeting so that you’re living below your means or refinancing your debt so that you can work toward paying off your debt. 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.

Goals 52

Goals Debt Taxes Insurance 52