Advanced Loan Calculator

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

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

HELOC to Pay off Your Mortgage

HELOC Strategy to Pay Off Mortgage HELOC’s 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. It has many fancy names, like Velocity Banking or Accelerated Banking. It does work but carries so much complexity and risk that Read more

Vacant Land Loan Calculator

Debt Snowball vs. Debt Avalanche: What to Choose when Paying off Debt

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

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

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

Loan Qualifier Calculator

This calculator is designed to help you determine whether or not you qualify for a specific loan. To get an accurate estimate you must enter a variety of information about the loan you want and your current financial situation, including any car or mortgage payments. It should be noted that this calculator is an estimate Read more

Compound Interest Calculator

Our compound interest calculator is designed to help you figure out exactly how much compound interest you’ll pay on a loan – or how much you’ll get from an investment. What Is Compound Interest? Compound interest is a type of interest calculated based on the combination of the principal (the original amount of the loan Read more