Is 108K/year total nearest and dearest income (before taxes) a great deal contained by NJ?
My wife and I will make $54,000 a year respectively for a total family income of $108,000 per year. This is adjectives before taxes so the web income will be smaller than $108K.How will we do in NJ? Can we wage off a $100,000 debt within 2 years? Can we spend lavishly after that?
Thanks!
Answers: that is to say ok. You can pay past its sell-by date your debt in 2 or 3 years providing you live past its sell-by date one income, and do not create any more debt. after that, 100K is not enough to spend opulently and to be honest you can ease past its sell-by date your frugality a little bit after your debt is salaried off, but instead of spending it would be better to reclaim and invest. You never know when either of you might lose a brief, or become sick or disabled and can't work. If you can work and be debt free...you can build a nice savings
i agree near the previous post and it also depends on where you will be living.south jersey is cheaper than north jersey and if you live close to clean york (hoboken/jc) the money you have will be satisfactory to meet your expenses but spending opulently is not an option...also depends if your renting or buying your residance...if you enjoy specific questions...simply send me an email
What are 'points' when someone applies for a mortgage?
Answers: Simply put, points is prepaid interest. Generally, one point is equal to 1% of the loan.
Points are used to buy down the interest rate. For example, you may be offered a 6% loan with no points. However, you could be offered the same loan for 5.5% if you paid 2 points.
In this example, 2 points is equal to 2% of the loan.
It's just another form of interest. One 'point' is 1% of the loan value. The more points you pay, the lower the interest rate. The ideal (from the borrower's perspective) is to pay zero points and low interest.
How long does it purloin to enjoy Travellers Cheques replaced or refund?
I had some Travellers Cheques stolen. Though the website claims most checks are replaced near a single telephone ring - usually within 24 hours, instead I own been getting the run-around, made to plague out numerous forms, and given an unlimited timeframe for how long their process will take! This doesn't appear right to me. Has anyone had checks lost or stolen that can afford me an idea of how long this process *actually* take?Answers: depending on where you get them from you can usualy get them replaced right away. If you bought them from a wall or Credit union, lately find the same concerned of bank and they can relief you out, also make sure you hold a copy of the receipt showing the valid purchase