Now that you know how to calculate your loan-to-value and combined loan-to-value ratios and how you can impact them, you can make more informed choices to help you reach your financial goals, whether you choose to borrow from the equity in your home, refinance or simply continue to pay...
For now, let’s just calculate how much insurance you need. $3,500 a month is equivalent to $42,000 a year. You need enough term insurance so that if you were to pass away, you could invest the proceeds and earn $42,000 after tax. How do you calculate that? Glad you asked. You...
Where your home is located is another important factor used to calculate your homeowners insurance premium. Insurance companies gather data about the ZIP code where the home is located, including the risk of crime, weather events and natural disasters. The more likely it is for you to file a ...
life insurance policy is crucial. It enables you to make informed decisions regarding your financial goals and assess the potential benefits of your policy. In this article, we will delve into the importance of knowing the cash value, the factors that affect it, and the methods to calculate ...
How do you calculate home equity?The formula for calculating home equity is fairly simple. Add up the balance on all mortgages that use the home as collateral, and subtract that total from your home’s market value.The tricky part is figuring out what your home is worth. You can estimate...
Calculating the exact amount of insurance policy or sub-assured under insurance to cover all your future liabilities is a Herculean task. In this article, we calculate the amount of insurance cover you need in case of casualty.
Follow these steps to calculate how much equity you have in your home and how to tap into it via a home equity loan or line of credit (HELOC).
End-of-life expenses are an especially vital consideration if you're gettingchild life insurance. Getting a large enough death benefit can help eliminate financial stress while grieving. Three Methods to Calculate Your Coverage Here are three formulas, from simplest to most complex, for cal...
If you have an insurance policy, you might wonder how companies calculate your insurance premiums. You pay insurance premiums for policies that cover your health—and your car, home, life, and other valuables. The amount that you pay is based on your age, the type of coverage that you want...
If you take out a home equity loan, you will probably have to pay some type of loanorigination fee. Interest rates are also generally higher for second mortgages and home equity lines of credit (HELOCs) than for the original mortgage. After including these transaction costs, the amount of h...