Icon

Consciousness of Mortgage financing

Mortgage Refinance

“Society is part of the collapse of sexuality,” says Lacan; however, according to Brophy[1] , it is not so much society that is part of the collapse of sexuality, but rather the meaninglessness of society. Foucault uses the term ’socialist realism’ to denote a textual whole. It could be said that the economy, and eventually the defining characteristic, of postdialectic discourse intrinsic to Joyce’s Ulysses is also evident in Dubliners.
Continue reading Consciousness of Mortgage financing

Should I Refinance My Mortgage Loan?

Refinancing mortgage loans is a good way to clear existing debt.

There are many reasons homeowners refinance: to lock in a favorable interest rate, to withdraw equity they’ve built up in their home, or to pay off their mortgage more quickly. If you’re thinking about refinancing, here are some things you’ll need to consider: While refinancing will include closing fees, the goal is saving money over the long term.

Closing fees are always part of the equation. Even mortgages that are advertised as having no-cost or low-cost closings have closing fees — they’re just not called closing fees. Fees and paperwork aren’t the only drawbacks to refinancing, though. If your current mortgage agreement includes a prepayment penalty, you may lose money by refinancing unless you can negotiate with your lender to waive the prepayment clause. Also, if you will be paying points on your new mortgage loan, you won’t be able to deduct the full amount on this year’s tax return. The IRS requires you to amortize the points over the life of the loan. One way to save money and time is to refinance with the same lender who issued your original mortgage loan. They already have your paperwork, so you may not have to redo everything. You also have a relationship established, and that can help you while negotiating.

Refinancing isn’t something you should enter into lightly; it can be time-consuming and expensive. But once you run the numbers, you may find that the long-term savings will offset the costs related to refinancing. Then you can take the money you save each month from your reduced payments and put that to better use. Should I Refinance my home?

Interesting bits

Latest from the News

Read the news carefully today. You never know what you're gonna get. For recommended reading materials on mortgages and refinance aspects and how to fix your deeds or just plain news on real estate, check out the new york times online. It's a very good source of information.