Things to consider before you refinance Refinancing to get a lower interest rate will probably save you money if: The new interest rate is 2% or more below the rate you pay now; and You plan to stay in your home for three or more years. If you refinance to consolidate bills and pay off debts, your total monthly payments may be less than what you pay now. However, your monthly mortgage payment will be higher. Be aware that if you get behind on your monthly mortgage payment, you can lose your home. If you just need money for home repairs, you may qualify for a low interest government loan. How do I find a lender? Banks, mortgage companies and credit unions are the most common lenders. Here are some tips for finding a lender: Contact three or more lenders. Look for a loan with the lowest interest rate, points and fees. Be sure the lender is licensed and in good standing. Call the Department of Corporations at (800) 347-6995. Mortgage loan brokers work with many lenders to help you find a loan. To be sure that they are licensed with the Department of Real Estate, call the local office. How much will it cost to refinance? Loan charges will vary from lender to lender. Loan charges include points and fees. Each point is equal to 1% of the loan and is paid to the lender or your loan broker. Be sure to shop around and negotiate for the lowest interest rate, points and fees. What do loan fees include? Loan costs may include the following fees: Appraisal Recording Title Report Escrow Credit Report Document Notary Wire Service Messenger Services Document Preparation Loan Origination Do I have a right to cancel? Yes. From the time you sign the loan papers, you have 3 business days to cancel. If you cancel, your credit report and appraisal fees are non-refundable. If you are refinancing a rental property, there is no right to cancel. Before you sign Review all loan documents. The Truth in Lending Disclosure has the basic terms and conditions of the loan. The Settlement or Closing Statement shows the fees you are being charged and what accounts are being paid off. Everything you were promised should be in the loan documents. If you do not understand something, do not sign. Ask for an explanation. Title: ARM û Adjustable Rate Mortgages Word Count: 361 Summary: Traditionally, homebuyers could look to two forms of mortgages û fixed rate and adjustable mortgages. While there are now many more options, this article takes a look at the adjustable rate mortgage. Keywords:
piece
is
an
abstract
triptych
that
I
found
while
I
was
in
Atlanta
buying
religious
paintings
The
piece
was
called
Guardian
Angel
and
I
love
it
My
patrons
fell
in
love
with
it
as
well
They
have
asked
me
to
track
down
the
artist
and
see
if
he
has
anymore
religious
paintings
available
The
only
religious
paintings
that
I
actually
do
not
buy
are
ones
that
reflect
the
image
of
Jesus
on
the
cross
I
don’t
have
a
problem
with
them
some
of
them
are
extremely
well
done
and
would
more
than
likely
sell
well
but
my
investors
made
it
very
clear
when
they
financed
the
gallery
that
I
would
not
put
that
image
into
it
PPPPP
683
Ajello
Candles
The
motto
of
the
Ajello
Candle
Company
is
“It’s
better
to
light
a
candle
than
to
curse
the
darkness”
This
candle
making
company
has
been
in
business
since
1775
The
business
has
been
family
owned
for
seven
generations
The
candles
from
Ajello’s
are
well
known
for
their
beauty
and
quality
While
they
make
more
candles
now
than
in
1775
their
dedication
to
quality
and
to
customers
has
never
changed
The
Ajello
Candle
Company
was
founded
by
Rafael
Ajello
an
Italian
painter
He
was
also
a
beekeeper
so
he
tried
his
hand
at
using
bees
wax
to
create
candles
He
worked
hard
to
create
a
formula
that
worked
well
The
formula
combined
with
his
outstanding
artistic
ability
lead
to
the
birth
of
the
Ajello
Candle
Company
In
1785
the
company
earned
the
honor
of
creating
all
the
candles
for
the
Vatican
He
and
his
wife
ran
the
business
keeping
their
children
involved
in
the
processes
from
an
early
age
As
time
went
on
their
children
and
grandchildren
kept
the
business
running
as
well
as
passed
the
family
business
on
to
their
children
By
1862
the
company
had
established
itself
as
a
leader
among
the
candle
making
industry
They
had
also
added
perfumes
and
many
.
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