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How to Calculate Home Equity

Savings Corner

Home equity can be a valuable resource for homeowners. This figure, along with your loan-to-value (LTV) ratio, determines the likelihood of being approved for a home equity loan or home equity line of credit (HELOC), and how much money you could be eligible for. Here’s how to calculate the equity in your home. Here’s how.

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HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

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. Home equity loan: What is it?

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Mortgage Refinancing: What Is It And How Does It Work?

Savings Corner

Key takeaways Refinancing replaces your current mortgage with a new one, adjusting the rate, term or both. With refinancing, you can change the loan type as well as your lender. Here’s how refinancing a mortgage works, the common options available to you and pros and cons to consider. What is refinancing?

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5 Sources for Quick Funding

Prairie Eco-Thrifter

Home repairs and other payments will have to be made for those affected by tornados, volcanos, floods and earthquakes—and quickly. Applying for an auto title loan from the comfort of one’s home is now possible. But mother nature always manages to find a way to cause unavoidable disasters. And the best part?

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The High Cost of Speeding

Prairie Eco-Thrifter

Vehicle repair costs if you crash. Related posts: No Cost Refinancing – Pros and Cons. Cost Effective and Efficient Ways to Reduce Health Risks Around Your Home. Possible decreased credit rating – costing you higher rates on any future loan you make. Possible court and legal costs if you fight the ticket. AOL Autos [link].

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Down Payment on a House: How Much Do You Really Need?

Savings Corner

Coming up with enough cash for a down payment to buy a house can be the single biggest roadblock for prospective home buyers. NerdWallet’s Best-Of Award Winner Best Mortgage Lender For Cash-Out Refinancing NBKC: NMLS#409631 5.0 It offers a significant volume of cash-out refinancing with unusually low origination fees.

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How To Get A Personal Loan In 8 Steps

Savings Corner

The steps may vary depending on whether you’re looking for debt consolidation loans , home improvement loans, medical loans or wedding loans. If you’re facing a large unexpected expense like a car repair or an air conditioner replacement in your home, personal loans can get you needed funds fast.

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