Loans

Home Equity Line of Credit

HELOC to Pay off Your Mortgage: Is It a Good Idea?

HELOC Strategy to Pay off Mortgage HELOC Strategy to pay off the mortgage faster seems like an intriguing idea where you can float the banks’ money. This method works with any revolving credit. There are even a bunch of fancy names for it like Velocity Banking or Accelerated Banking. It does work but carries so Read more

Home Equity Line of Credit

Credit Line: What It Is and How It Works

Some people know it as a credit line; others know it as a line of credit. It’s simply an amount of money that is available for borrowing. A credit line is very useful when you need financial flexibility. You may have an issue arise where you need to have access to money quickly. Credit lines Read more

Debt Snowball vs. Debt Avalanche

Paying off Debt: Debt Snowball vs. Debt Avalanche

Updated: June 28, 2020 The first stage of financial independence and building wealth is eliminating debt. Most people choose one of two strategies: debt snowball vs. debt avalanche. Before you choose a side, you should do one pre-debt elimination step: list all your debts so that you can visually see what they’re costing you. Then Read more

Debt Management Tools

Manage Your Debt with These Debt Payoff Apps

It can be difficult to pay off debt. However, we have access to a number of debt management tools designed to handle our finances. Whether the goal is to eliminate debt or set and achieve a financial goal, you can select the app that works best for you and your unique situation. Here’s a selection Read more

When to Refinance

When Refinancing Makes Sense

Last Updated: April 17, 2020 One good thing about having expensive debt is the possibility of converting your current loans to a better one. While refinancing may potentially save you money, it can backfire if done incorrectly. Knowing how, and when, to refinance is just as important as refinancing itself. How Refinancing Works Refinancing is Read more

Pay Off Debt

First Step to Paying off Debt: Understanding Debt Rates

To become financially independent and build wealth, you must pay off debt. You should understand your debt rates, how much debt is owed, and what it costs. Then you can begin to create the most appropriate debt repayment plan. Step 1: Know How Much Debt You Owe How much debt do you currently carry? Chances Read more

Loan Calculators

Loans can be difficult to understand, so let us help demystify them. Our Loan Calculators are easy to use. You tell us information, like the loan amount, interest rate, length of the loan, and the number of annual payment periods. Our calculators will deliver your loan information, like estimated APR, and expected fees. You can Read more

Standard Loan Calculator

This calculator is designed to determine the overall costs of a fixed-rate loan. You will need to input the following information to make proper calculations: How much money you’re getting The interest rate you’re being offered The exact number of years you’ll have to pay it off How many payment cycles there will be during Read more

Advanced Loan Calculator

This calculator makes it easy to determine the monthly payment amount and the total amount of interest paid over the lifetime of your loan. You can use this calculator by entering the total loan amount, interest rate, length of the loan in years, payment periods per year, any additional principal per month, and intervals of Read more