Remove Debt Remove Home Remove Property Taxes Remove Shopping
article thumbnail

How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

How Our Debt Freedom Plan Prepared Us for the Pandemic. We’d survived the dip in 2007, carried no credit card debt, and we were contributing to our retirement. Our small business was going well, so we said so long to renting office space and purchased a commercial property in the summer of 2012. Our first storm: 2007.

Debt 130
article thumbnail

How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

The PA governor has shut down all non-essential businesses indefinitely and we’ve now been ordered to stay at home unless traveling to essential jobs, needed supplies, or outdoor exercise as long as we practice social distancing. We shopped around and test drove several, but I couldn’t shake a feeling of discomfort.

Budgeting 246
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

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.

article thumbnail

Refinance Calculator | Bankrate

Savings Corner

Mortgage refinancing is when you replace your current home loan with a new one. A lender orders a home appraisal to assess the current market value of your home, too, to evaluate how much equity you have in it. Many lenders cap cash-out refinancing at 80 percent of the home’s total value on most loan types.

article thumbnail

Mortgage Calculator: How Much Can I Borrow?

Savings Corner

Determining how much mortgage I can afford When buying a home, the question, “How much can I borrow?” That’s because even with all the angst involved in applying for and being approved for a home loan, lenders are often inclined to loan you more money than you expect. For instance, you may consider: How long will I live in this home?

article thumbnail

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?