After we paid off some credit card debt and started to earn more money, we wondered if we could refinance to save on our monthly payment. Luckily, our persistence in lowering our debt-to-income ratio paid off, literally: We just closed on our new, refinanced mortgage, and our house payment will soon be around $1,550.
While we were technically locked into our interest rate with the first loan, I didn't realize another company could buy and pay off that loan, offering us a much better rate based on our financial state and the state of the market. It's cheaper now for a few reasons: With our new loan, we'll have more equity in our house. We also got a lower PMI because our credit score is better and our debt-to-income ratio is a lot less than when we initially bought the house.I was shocked when our house was appraised for $306,000 — so much so I thought maybe we should put our house on the market to make some fast cash! Our loan officer quickly explained that what a home appraises for isn't necessarily what it will sell for.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:
مصر أحدث الأخبار, مصر عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
After 23 years, life insurance is still the best purchase I've made - Business InsiderWhen our youngest daughter died, her $10,000 life insurance benefit meant we didn't have to worry about money while grieving. I am so sick of seeing life insurance being pushed in all of your posts. So uninteresting I am about to unfollow. Life insurance is such a poor return in life or death. 0,6% of people in the modern world pass before age 60. 97% of people lapse their premium mid contract and lose everything invested.
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »
I used Blooom to analyze my husband's 401(k), here's what I learned - Business InsiderIf knowing more about where our money is going and how it's being invested could improve our future, then I'm excited to take some time to learn more
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »
6 things I wish I'd known before becoming a landlord - Business InsiderWhile the renters seemed like kind people, they paid late every other month, which compromised our ability to pay the mortgage If you didn't know there was a risk of 'late' payments and that you should have at least 3 months of rent always in escrow then yes, you are far too stupid to be a landlord. Try hopscotch Debt & leverage- avoid it like the plague! You want to develop a hate for humanity... Become a landlord.
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »
10 things in tech you need to know today - Business InsiderVisa acquires buzzy fintech. Apple resists the FBI. Russian hackers attacked Burisma during impeachment talks.
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »
Three key trends we took away from CES 2020 - Business InsiderAnalysts at Business Insider Intelligence highlight three key trends from the 2020 Consumer Electronics Show.
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »