There are some homeowners who have a bad interest rate and want to save as much money as they can in a bad situation. And then there are those lucky folks who just happen to have a lot of extra cash lying around and want to know if using it to pay off their mortgage faster is the...
Pay your credit card debts with a debt consolidation loan A debt consolidation loan can help you save money on interest by getting a lower interest rate. It also streamlines your finances and allows you to pay off debt faster. Consolidate your debt and make fewer payments each month. ...
Small-debt paydowns tend to be faster, generating motivation to stick with the plan. This method can also be helpful if you have a lot of debt. Focusing efforts on paying off one account (while making minimum payments on others) can make the process more manageable....
Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. In this episode: Learn how to refinance your mortgage, manage credit card debt, and navigate home equity with practical tips and strategies. When is the right time to refinance a mortgage...
The interest portion of mortgage payments on a primary home. Property taxes Property taxes on real estate Residential energy tax credits Installing things that make a home energy-efficient. Saver’s credit Contributions toan IRAfor people with incomes below certain thresholds. ...
Maturation, though, means you have more to lose. A late mortgage payment is a wholly different situation than missing rent. You don’t want to lose your house, which may increasingly become filled with children. Now is the time to increase that one- to three-month emergency fund to somethi...
Paying off your mortgage is a natural way of building equity, but there are ways to expedite the process. Explore these tips for building equity in your home.
Financial security is one of the reasons employees want to keep their job. Many of them work because the alternative is less appealing—going broke. Competitive compensation is a real and robust motivation because there are always bills to pay, mortgage dues to meet, families to feed, emergency...
Credit card interest is much higher than other forms of debt. In fact, card interest, on average, runs about two to three times the interest rate for ahome-equity loanor mortgage. It can also take a big bite out of your monthly budget. ...
Building excellent credit can take a lot of work and a lot of time. Sometimes, though, you might want to see results ASAP—for example, if you’re planning to apply for a mortgage in the near future. Fortunately, there are clear-cut methods forimproving your credit, like reducing your ...