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Mortgage Calculator with PMI and Taxes

Savings Corner

Your debt-to-income ratio is the percentage of pretax income that goes toward monthly debt payments, including the mortgage, car payments, student loans, minimum credit card payments and child support. Property taxes: The annual tax assessed by a government authority on your home and land.

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Cash-Out Refinancing: How It Works, When To Do It

Savings Corner

College education: Tapping into home equity to pay for college can make sense if the refinance rate is lower than the rate for a student loan. Reverse mortgage: A reverse mortgage allows homeowners aged 62 and up to withdraw cash from their homes. Cash-out refinance FAQ What are the requirements for cash-out refinance?