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

Savings Corner

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. Paying down your mortgage helps build equity in your home, but you don’t have to wait until you completely repay it, or sell the property, to access that equity.

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

Savings Corner

But now, as we approach the end of 2023, inflation is much lower but home prices and mortgage rates are both sky-high. Determine why you want to buy a house Purchasing a home is a major decision that shouldn’t be taken lightly. Make a list of what’s important to you in a home. Is location the top priority?

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A Goal Without a Plan is Just a Wish

Family Balance Sheet

The business softened, renovations were more costly than expected, and we were now the owners of two mortgages, our home and our business. On top of our normal day to day expenses, the new property taxes were due, we had more ownership expenses than we realized, and we had a family to feed.

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

Prairie Eco-Thrifter

Yet, over the years, I kept discovering new things about home ownership. Know what you are getting into with home ownership – it may not be cheaper than renting! Our current home is 25 years old and I haven’t had any issues with drywall (at least not ones I didn’t cause myself). Work locations change over time.

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