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Cash-Out Refinancing: How It Works, When To Do It

Savings Corner

Cash-out refinances are generally best for big-ticket costs: Think home renovations or major debt consolidation. Many borrowers use the proceeds for the following reasons: Home improvement projects: You could use a cash-out refinance to renovate your home or add an addition, for example. There are no limitations.

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Home Insurance Calculator: Estimate Your Rate – December 2023

Savings Corner

Buying a home means you also need to buy something else: homeowners insurance. And while it may not be your biggest expense, how much you pay for insurance will affect your home ownership costs. The national average cost of home insurance is $1,820 a year, according to NerdWallet’s most recent rate analysis.

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Rent vs Buy Calculator: Should I Rent or Buy?

Savings Corner

How to use the Rent vs. Buy Calculator The renting-vs.-buying This is a decision with many moving parts, and things change: Your down payment savings grow, you consider moving to a cheaper or more expensive area, you’re curious what happens if you spend less on a home, or more. You can adjust all of those pre-filled areas.

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