Family Balance Sheet
APRIL 9, 2021
Many years ago, my husband and I faced what we thought was an insurmountable hurdle– six figures of non-mortgage debts. Stressed out, we ventured into Dave Ramsey’s online Financial Peace University home course for help. Prior to FPU, we thought we were doing well financially and never considered that we had too much debt.
Family Balance Sheet
JANUARY 20, 2023
That was the year that we made the goal of paying off the last of our non-mortgage debts and we achieved it by September of that year. <<— Once we paid off our non-mortgage debts in 2019, we started saving some of the debt snowball money for college savings. A few of our debt payoff trackers.
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Savings Corner
APRIL 4, 2024
Key takeaways A home equity loan allows you to borrow a lump sum against your home’s equity, usually at a fixed interest rate that’s lower than other forms of consumer debt. Home equity loans drawbacks include putting your home at risk of foreclosure and their lengthy application process. to 10 percent.
Savings Corner
APRIL 4, 2024
Key takeaways Home equity loans and HELOCs are both financing tools that allow you to borrow against your ownership stake in your home. Both act as second mortgages, using your home as collateral, and may offer tax deductions if the funds are used for substantial repairs or upgrades. HELOC: What is it?
Prairie Eco-Thrifter
JANUARY 18, 2019
Here are some situations that could warrant the need for quick funding: Debts Must Be Settled: For those that care about their credit score, paying off a debt means making sure that each monthly payment is made on time, and in full. Applying for an auto title loan from the comfort of one’s home is now possible.
Prairie Eco-Thrifter
OCTOBER 4, 2011
We were so poor that we re-used coffee grounds to make more coffee! In today’s dollars, the cost cutting measures we took throughout our marriage allowed us to NOT spend more than a half million dollars. We used free TV for most of our married life (we do now splurge on satellite TV!). 40,720 Home Repair.
Savings Corner
APRIL 4, 2024
Cash-out refinance Caret Down When you do a cash-out refinance , you use your home equity to withdraw cash to spend. This increases your mortgage debt but gives you money that you can invest or use to fund a goal, like a home improvement project. You could tap into your home’s equity and take cash out at closing.
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