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

Savings Corner

You might find lenders with looser requirements, but you could pay a higher rate as a result. The balance doesn’t have to be repaid as long as the borrower lives in and maintains the home and pays their property taxes and homeowners insurance. Will I have to get a home appraisal for cash-out refinance?

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How to Say No When a Sibling Asks for Money

Prairie Eco-Thrifter

Plan a Speech Develop an elevator speech – a very short (1 minute or so) prepared speech to control the conversation. Keep it businesslike and a bit formal and use this speech to prevent the conversation from becoming a high pressure appeal to your heartstrings. Take Baby Steps Start by saying no to small things.

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Buying A House In 2023: A Step-By-Step Guide

Savings Corner

If a friend, relative or employer has offered to provide a down payment gift, initiate a conversation early on to learn how much they plan to contribute and if there’s any shortfall you’ll need to cover — and secure a gift letter from them well in advance. Consider options backed by the federal government.

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Things I’ve Learned During 30 + Years of Home Ownership

Prairie Eco-Thrifter

Find what you like and keep it. Eminent domain allows governments to seize personal property if it is in the public good. It also allows agencies to force homeowners to pay for things considered ‘for the public good’ Case in point is the conversion of homes on septic tanks to sewer lines as an area develops.

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