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Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

Family Balance Sheet

Welcome to Debt Free Stories. She and her husband paid off $147,000 in debt–including their home. After paying off the debt, she was able to quit her job to pursue her passion. She blogs at The Debt Myth. Quitting my job is one of the things being debt free has enabled us to do. Where are you from?

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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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What Is A Personal Loan?

Savings Corner

Key takeaways A personal loan is money you can borrow to finance large purchases, consolidate debt, invest in yourself or cover emergency expenses. Working to improve your credit score and reduce your debt-to-income ratio before applying can help get you the best loan terms.

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Personal Loans: Compare Top Lenders, Rates

Savings Corner

To qualify you, lenders look at factors including your credit score, credit report and debt-to-income ratio. Lenders primarily use your financial and credit information to determine your rate, but may consider additional information like whether you own your home, your education level and your employer. What are personal loan rates?

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Best Cash-Out Refinance Lenders of 2023

Savings Corner

.” The amount of cash you can get depends upon your home equity — how much your home is worth compared to how much you owe. Say your home is valued at $200,000 and your mortgage balance is $100,000, giving you $100,000 of equity in your home. Other ways of leveraging home equity require a second mortgage.

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Meet a Reader | JenRR from the Midwest

The Frugal Girl

We share our home with a 70lb rescued mutt. Besides dealing with my sudden unemployment when my oldest child was a toddler, I was hoping to figure out a way to extend my time at home with him. We ending up buying our current home in 2015, when local prices and interest rates were significantly lower. Enjoying some outdoor time.

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Are Peer Loans Too Risky or the Way of the Future?

Prairie Eco-Thrifter

In the past, most loans (80%) have been for debt consolidation. I talked to Ron Suber, President of Prosper Marketplace, last week and about growth in other loan types including: small business, home improvement, travel and medical expenses. Used properly, it can help you build your dream home and reach your financial goals.

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