Savings Corner
DECEMBER 27, 2023
Enter estimates for the price of a home you want to buy, your down payment amount, your interest rate and whether you plan to purchase discount points. The next section shows a breakdown of typical closing costs, including fees for the home appraisal, title insurance and loan origination, as well as property taxes and home insurance premiums.
Savings Corner
APRIL 4, 2024
What is the break-even point on a mortgage refinance, and why does it matter? The break-even point is calculated by adding up all refinancing closing costs and figuring out how many years it will take you to make up those costs with the savings from your new mortgage payment compared to your previous one.
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Savings Corner
DECEMBER 25, 2023
After making a down payment of anywhere from 3% to 25%, they get a mortgage to cover the remaining costs of purchasing the home. Each payment includes a combination of principal and interest, as well as property taxes, and, if needed, mortgage insurance. Including discount points will make a lender’s rates appear lower.
Prairie Eco-Thrifter
MAY 1, 2013
Rules of thumb are often used to make various financial decisions. While they can be helpful when it comes finding a starting point, rules of thumb should be approached with a degree of skepticism. Rules of thumb can be useful in terms of starting points for deciding on what to do next. So, What Can You Do?
The Frugal Girl
MARCH 4, 2024
I read every post, but don’t comment often – usually some of you have already made my point for me. Even though Alan was an IT professional by trade, his logical mind also understands what makes all kinds of mechanical things work, and he can repair just about everything I break. How did you get interested in saving money?
Prairie Eco-Thrifter
MARCH 4, 2014
Now I’m a freelance writer who makes a living from home. We have to pay for maintenance and property taxes and the interest on the loan. These costs are are only partially offset by the fact that, in the United States, I get a tax deduction for some of them. And, of course, it hasn’t been.
Family Balance Sheet
APRIL 11, 2020
I’ve shared before that April is the most expensive month of the year for us because our homeowners/auto insurance and property taxes are all due, along with any federal or state taxes that we might owe. We’ll concentrate on numbers 1 – 3, so we can make our emergency savings last as long as possible.
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