Banking Budget Budgeting Refinancing 
Family Balance Sheet
JUNE 24, 2021
Not sure how to budget for your once-a-year bills? But let me show you how to budget (and pay) for yearly bills with a strategy I’ve used for years. It all started years ago when we refinanced our mortgage and were no longer required to send an escrow payment to the bank for real estate taxes and our home owner’s insurance.
Savings Corner
DECEMBER 27, 2023
Managing a personal loan successfully, however, requires understanding how the payments change your monthly budget and creating a clear plan to pay off the loan. Because of the short terms on unsecured loans, Downing says she doesn’t get a lot of inquiries about refinancing them, but there are times when it’s beneficial.
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Savings Corner
APRIL 4, 2024
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?
Family Balance Sheet
APRIL 9, 2015
I started our personal escrow account years ago, when we refinanced our mortgage. We were no longer required to send an escrow payment to the bank for our real estate taxes and home owners insurance. This new number will become a line item on your monthly budget. Add up this list of bills and divide that total by 12.
Family Balance Sheet
OCTOBER 16, 2017
This house was less than what the bank said we could afford. We refinanced multiple times during the hey day of low interest rates at various banks and credit unions. My newsletter is packed with weekly budgeting inspiration, money-saving tips & ideas, and frugal, yet tasty recipes.
Savings Corner
APRIL 4, 2024
This might help shield your budget from fluctuating-rate increases. This unpredictability could wreak havoc on your budget. How to obtain a home equity loan Home equity loans are available through banks, credit unions and online lenders. Disadvantages HELOCs have variable rates.
Savings Corner
APRIL 4, 2024
Income verification: You can provide a pay stub, bank statements, tax returns or even 1099 forms if you’re self-employed. Make sure your budget can handle the higher payment, and avoid short terms if you earn income from commissions or self-employment. Compare several lenders and loan types to get an idea of what you qualify for.
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