Savings Corner
APRIL 4, 2024
Christina Zelow Lundquist/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways Cash-out refinancing allows you to turn equity into cash through refinancing your mortgage. The terms of your refinanced mortgage might significantly differ from your original loan, including a new rate or longer or shorter loan term.
Savings Corner
APRIL 4, 2024
Images by Getty Images; Illustration by Hunter Newton/Bankrate Although interest rates aren’t as favorable as they were in recent years, refinancing might make sense for homeowners who want to pull out cash to renovate their homes. Steer clear of any lenders that push refinancing even if it isn’t financially advantageous for you.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Family Balance Sheet
FEBRUARY 19, 2022
In highly affluent circles, a family office is a private wealth management firm that manages the finances and investments for the ultra-wealthy and their families. While I was still helping my husband from home with his business, I felt like I wasn’t contributing to our finances and that drove me crazy. Implement our Debt Freedom Plan.
Savings Corner
DECEMBER 25, 2023
Many people use the cash from a cash-out refinance to fund large-scale home improvements, education expenses or debt consolidation. If mortgage rates have increased since you bought your home, you may think twice before refinancing. Most lenders will require you to maintain at least 20% equity in your home. Time-consuming.
Savings Corner
DECEMBER 27, 2023
Stride Funding Income Share Agreement An income share agreement, or ISA, is not a student loan, but graduate students may be able to use one to finance their education. Prodigy only offers variable-rate loans, which are riskier than fixed-rate options, and doesn’t lend to borrowers in all 50 states.
Savings Corner
DECEMBER 25, 2023
Among families with college-bound students, 47% think they’ll need to borrow to finance a college education, according to Sallie Mae’s 2022 College Confidence study. The share of parents taking out federal parent PLUS loans to help cover the costs of their children’s college education has also grown significantly.
Savings Corner
DECEMBER 24, 2023
In short, if it involves finances, then there’s a way to plan for it and optimize the outcome. A financial plan can help you direct how you organize your finances, from the small, short-term questions to the big, long-term issues. Good tax planning can create ways to minimize the long-term impact of taxes on your finances, too.
Expert insights. Personalized for you.
52 
Let's personalize your content