Savings Corner
DECEMBER 25, 2023
How to use the mortgage calculator Under “Home price,” enter the price (if you’re buying) or the current value (if you’re refinancing). Under “Down payment,” enter the dollar amount of your down payment (if you’re buying) or the amount of equity you have (if refinancing).
Savings Corner
DECEMBER 24, 2023
Whatever the economic state of the real estate market, buying a house can be an exciting and emotional process. Buying a house: A step-by-step guide 1. Determine why you want to buy a house Purchasing a home is a major decision that shouldn’t be taken lightly. Other things to consider Is it the right time to buy?
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Savings Corner
DECEMBER 25, 2023
An important metric that your mortgage lender uses to calculate the amount of money you can borrow is the DTI ratio — comparing your total monthly debts (for example, your mortgage payments, including insurance and property tax payments) to your monthly pre-tax income. Your history of paying bills on time.
Prairie Eco-Thrifter
MARCH 14, 2011
Any housing related insurance fees and property taxes are also important to include. In fact, we prefer these products compared to what we can buy in the store. Although you can do this too, we will leave space in the budget for you to buy these items. This would include your monthly mortgage payment or rent payment.
Family Balance Sheet
APRIL 11, 2020
I’ve shared before that April is the most expensive month of the year for us because our homeowners/auto insurance and property taxes are all due, along with any federal or state taxes that we might owe. We didn’t have enough cash saved to buy a car without a loan and that wasn’t sitting well with me.
Family Balance Sheet
JUNE 4, 2015
Our business was doing well and it seemed like the right time for us to buy. On top of our normal day to day expenses, the new property taxes were due, we had more ownership expenses than we realized, and we had a family to feed. As much as I wanted to be a property owner, the extra debt was beginning to suffocate us.
Prairie Eco-Thrifter
JULY 13, 2014
Closing costs : Per Realtor.com these are typically paid by the buyer, these costs can add between 2 – 7% of the purchase price to the buyers bill – but a motivated seller might grant some $$$ towards them. Deductible closing costs include points or prepaid interest on your mortgage and your share of the prorated property taxes.
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