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How to Calculate Home Equity

Savings Corner

You can use your equity to renovate some rooms, pay off credit cards, cover college tuition, start your own business … or almost anything else. Here’s how to calculate the equity in your home. Combined loan-to-value ratio (CLTV) Lenders calculate your CLTV or combined loan-to-value ratio when you apply for a second mortgage.

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Family Budget Spreadsheets 2021

Family Balance Sheet

You enter your information and the spreadsheet calculates your total assets, liabilities, and your net worth. Special Purchases – Have some fun with this spreadsheet and use it to plan for upcoming large expenses, such as vacations, home renovations, equipment, replacement, etc.

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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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Introducing: Family Budget Spreadsheets

Family Balance Sheet

You enter your information and the spreadsheet calculates your total assets, liabilities, and your net worth. Special Purchases – Have some fun with this spreadsheet and use it to plan for upcoming large expenses, such as vacations, home renovations, equipment, replacement, etc.

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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 You’ll need just seven pieces of information to use our Rent vs. Buy Calculator, things you may already know or have been tossing around in your mind: To make things easy, we made a number of assumptions about other typical costs that factor into this calculation.

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Home Insurance Calculator: Estimate Your Rate – December 2023

Savings Corner

How to estimate your home insurance Use the homeowners insurance calculator below to get an average in your ZIP code, or follow the steps to estimate for yourself. Nerdy Tip Let your insurer know if you get a new roof or make other major renovations to your home. Read our methodology. Your own rates will be different.

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What Is A Personal Loan?

Savings Corner

Common reasons include paying off debt, financing a large purchase such as a vehicle or a boat, or covering the cost of a major expense like a wedding or a home renovation. Monthly payment: Personal loans come with a fixed monthly payment that you’ll make over the life of the loan, calculated by adding up the principal and the interest.

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