If you're a homeowner, then you've probably heard of home equity before — at least in some form or fashion. Whether your neighbor recently did a cash-out refinance or you've been told you can "take money out of your house" for renovations or expenses, it all comes down to home equity — and how much [...]
When it comes to credit card debt, over-extending oneself can happen to anyone. One reason many find themselves in a downward debt spiral is that in attempting to dig themselves out, they only make things worse. Do you pay the minimum balance month after month, convinced you'll catch up "eventually"? Are you transferring credit card [...]
Lives can change in a short amount of time. It's possible the situation you are in today could be drastically different than the situation you found yourself in just five years ago. Maybe five years ago, you were fresh out of college, starting your career, single, and purchased your first home. Maybe today, you're married [...]
A cash-out refinance is a way for you to pull money out of the equity you have in your house. This new mortgage replaces your existing mortgage with an amount that's higher than what you presently owe. The difference between the two is cash that comes to you, minus closing costs. Many homeowners use this [...]
Somehow, it’s already November 1st, and the holidays, winter, and even the New Year are almost upon us. Have you started prepping your home? With colder weather coming in — not to mention those in-laws and out-of-town guests — the time is now to start preparing your house for the winter season. Here’s what should [...]
Cash-out refinances are a great way to access money easily and quickly. The strategy essentially replaces your existing mortgage with a new loan — one that’s bigger, pays off your old one, and gives you cash based on the equity you have in the home. (If you’ve lived there a while, that could be a [...]
When you own a small business, it can be easy to let your debt get out of hand. Purchasing inventory, paying your employees, and stocking your office or facility with the necessary supplies can all get costly — and when cash flow is irregular, you’re often forced to put those charges on high-interest credit cards [...]
Many homeowners refinance to get a lower interest rate or pay for home improvements, but did you also know you can refinance simply to change the terms of your loan? These types of refinances are primarily used to either shorten the length of the loan (from a 30-year mortgage to a 10-year one, for example) [...]
Rome wasn’t built in a day — and a small business? That’s much the same. It takes time, dedication, and the right resources to grow that little idea into a popular, profitable business, but it is possible. Are you treading water and unsure of how to take your business to new heights? Just don’t have [...]
Refinancing your mortgage is a great way to consolidate debt or get cash to make home improvements. A homeowner in their early 50s could refinance to shorten the term of their mortgage. This could help them pay it off before they retire to eliminate the monthly payment. A first-time homeowner might refinance to switch from [...]
Send this to a friend