article thumbnail

Student Loan Refinance Calculator | Bankrate

Savings Corner

After you’ve prequalified for refinancing your student loans with a few different lenders, it’s time to make the choice. If you don’t qualify for refinancing on your own, you may need the help of a co-signer. A co-signer can help you qualify for a student loan refinancing if you can’t by yourself.

Student 52
article thumbnail

Refinance Calculator | Bankrate

Savings Corner

What is mortgage refinancing? Mortgage refinancing is when you replace your current home loan with a new one. Just like any other loan, you apply for refinancing, which includes a thorough check of your credit, income, employment history and finances. Ideally, you’ll also get a lower rate in the process.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Savings Corner

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. The terms of your refinanced mortgage might significantly differ from your original loan, including a new rate or longer or shorter loan term.

article thumbnail

Auto Refinance Calculator | Bankrate

Savings Corner

Refinancing your car loan can lower your interest rate and save hundreds or even thousands over the life of your loan. No matter the circumstance, it is worth your while to calculate savings and compare auto refinancing rates. This way, you can calculate if refinancing will really save you money compared to your current loan.

article thumbnail

How to Calculate Home Equity

Savings Corner

Here’s how to calculate the equity in your home. How to calculate the equity you have in your home Key terms Home equity Your equity is basically the difference between your home’s value and the amount you owe on your mortgage (and any other loans against the home). You can determine your level of equity on your own, as well.

article thumbnail

Mortgage Refinance Calculator: Should I Refinance?

Savings Corner

What this mortgage refinance calculator does If you’re thinking of refinancing your mortgage, it’s probably because you want to save money. There are two ways to save money by refinancing: Reducing the monthly payment. The calculator includes a colorful slider that displays the years remaining on your current loan.

article thumbnail

Amortization Schedule Calculator – NerdWallet

Savings Corner

What’s behind the numbers in our mortgage amortization calculator An amortization calculator enables you to take a snapshot of the interest and principal (the debt) paid in any month of the loan. Or you might want to compare different loan terms before refinancing. How much interest you will pay over the life of the loan.