Getting a credit card can sometimes feel like free money. Banks offer lines of credit to almost anyone, giving you the ability to spend $500, $1000, or even $10,000 before…
Here at Finance Throttle, we often talk about the concept of Velocity Banking, a strategy used to pay off your $80,000 student loans or $300,000 mortgage in as little as…
Knowing your net worth is important in tracking your financial goals. To calculate your net worth, you simply add up the value of all of your assets and subtract all…
Everyone with a mortgage has heard of refinancing, but did you know there is an alternative to lower your mortgage payments? While refinancing is the popular choice, recasting may be…
A HELOC is a Home Equity Line of Credit. This revolving line of credit uses your home as collateral with the equity built in your property. Depending on the bank,…
My favorite way to pay off debt fast is to use Velocity Banking. It is a little known but powerful strategy used to eliminate your debt while saving thousands in…
Around Christmas of 2020, I decided to start my own personal finance blog Finance Throttle. My objective with this blog was to help people accelerate their net worth and learn more…
Track the interest and principle payments in your Amortized Loan. Simulate your savings and pay-off date if you make additional principle payments. This template works well for mortgages, student loans, car loans, home equity loans, and personal loans.
