Savings Corner

APRIL 4, 2024

Christina Zelow Lundquist/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways Cash-out refinancing allows you to turn equity into cash through refinancing your mortgage. While you can’t cash out all of your home’s equity, the process gives you access to a larger sum of money without needing to sell your home.

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Savings Corner

APRIL 4, 2024

Home equity can be a valuable resource for homeowners. This figure, along with your loan-to-value (LTV) ratio, determines the likelihood of being approved for a home equity loan or home equity line of credit (HELOC), and how much money you could be eligible for. Here’s how to calculate the equity in your home. Here’s how.

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Savings Corner

DECEMBER 25, 2023

A 15-year fixed-rate mortgage is a home loan that has the same interest rate and monthly principal-and-interest payment over the 15-year loan period. 15-year mortgages can be used to buy a home or to refinance an existing home loan. 15-year mortgages can be used to buy a home or to refinance an existing home loan.

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Savings Corner

DECEMBER 27, 2023

When Downing took a home equity loan to build a pool at her home, she says she kept the loan money in a separate bank account so when the first payment came due — 25% of the project’s cost, Downing says — her everyday checking account didn’t take the hit.

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Family Balance Sheet

JUNE 24, 2021

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. Our list includes: home owner’s insurance – due yearly. How to Build your Emergency Fund.

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Family Balance Sheet

FEBRUARY 19, 2022

Instead, he shared the story about Susan, a wife, and mother who handled all of the financial tasks in her home, from budgeting to making investment decisions. I read this book around the same time that I became a mother and left the full-time workforce to stay at home with our new baby. Project short-term cash needs.

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Savings Corner

DECEMBER 24, 2023

Good budgeting is the “blocking and tackling” of good financial habits, and you can really only build wealth when your spending is below your income. 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. Retire wealthy?

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