Even when rates are low, refinancing your mortgage isn't always the right choice. Here are some points to consider before you refinance. Deciding when to refinance your home loan depends on several factors besides whether you can get a better mortgage rate than you already have. And though there are many reasons people refinance their [...]
Refinancing is the process of paying off an existing loan with the proceeds from a new loan and using the same property as collateral. Usually, the interest rate on the new mortgage will be less than the old, the loan will cost less and you will save money. However, refinancing isn’t appropriate for every homeowner. [...]
The Covid-19 pandemic has forced many of us into financial situations that we could never have predicted. Country-wide shelter-in-place orders have left many without work, and businesses without customers. Now more than ever, it’s important to think about the way we spend or save every dollar we make. In some cases, the quarantine orders have [...]
Calculate your savings goal and how to set aside every month in order to reach it.
So you’ve set a budget and it looks perfect on paper. You established different spending categories and set what seems like reasonable limits. Yet somehow it just doesn’t work out month after month. Sound familiar? The first thing to do is double-check that your budget is reasonable given factors like income and goals. But if [...]
When it comes to spring cleaning, most people target their homes. And while it’s always a good idea to reduce clutter and clean up, don’t forget to refresh your finances as well. That’s right, it’s time to scrub away bad financial habits and dust off your savings goals. Check out these nine ways to review [...]