Mortgage Refinancing Confidential – Tips to Help You Avoid Overpaying for Your Next Home Loan

mortgage refinancing can be an extremely confusing process for many homeowners. Learning the language and reading the fine print on your loan contract is not a task relished by many. Unfortunately, homeowners who neglect this important step in mortgage refinancing often fall for practices such as misleading rate quotes, deceptive marketing, and the bait and switch. Here are several tips to help you avoid overpaying when mortgage refinancing.

I’m not here to throw stones at mortgage companies; however, the majority of loan representatives and brokers today are only concerned will pulling in a six-figure salary. These people would sooner steal your grandmother’s Social Security check than help her. With that being said it’s up to you to outwit those that would take advantage of you when mortgage refinancing.

mortgage brokers and loan representatives close in excess of 80 to 100 loans per year. The average homeowner refinances their mortgage every five to seven years. mortgage companies and brokers are very good at what they do and have clever ways of disguising their junk fees and markup. Don’t make the mistake of relying on a mortgage broker to tell you what’s best for your financial situation. Doing your homework and carefully comparing loan offers from a variety of mortgage companies and brokers will ensure that you don’t settle for a good mortgage, but find the perfect mortgage for your situation.

When doing your homework, keep in mind that there is a lot of bad advice on the Internet, advice that can cost you thousands of dollars. Several examples of bad advice that you’re likely to encounter include:

+ Only refinance your mortgage if you qualify for a mortgage rate two percent lower than you’re currently paying.

+ If you have a low credit score (620 and below), you will have to refinance your mortgage with a sub-prime mortgage lender.

+ The government controls the mortgage interest rate you qualify for when mortgage refinancing.

+ You can’t refinance your mortgage loan with a bankruptcy until a certain amount of time has passed (anywhere from two to seven years).

Arm yourself with good information when mortgage refinancing and you will avoid 90% of the costly mistakes homeowners make. You can learn more about your mortgage refinancing options, including costly mistakes to avoid with a free, six-part video tutorial.

To get your FREE six-part mortgage refinancing Tutorial, visit RefiAdvisor.com using the link below.

Louie Latour specializes in showing homeowners how to avoid costly mortgage mistakes and predatory lenders. To get your hands on this free video tutorial: "Mortgage Refinancing - What You Need to Know," which teaches strategies for finding the best mortgage and saving thousands of dollars in the process, visit Refiadvisor.com.

Claim your free mortgage refinancing tutorial today at: http://www.refiadvisor.com

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Mortgage Refinancing Information – Paying Points May Not Lower Your Mortgage Interest Rate

Paying points when mortgage refinancing can save you money if you plan on keeping your home long enough to recoup the expense. Sometimes mortgage lenders charge points and do not lower your mortgage interest rate at all. Here are several tips to help you avoid wasting money on points that give you no benefit when mortgage refinancing.

points, more specifically “discount points” are prepaid mortgage interest paid in exchange for lowering your mortgage interest rate. One point is one percent of your mortgage amount paid by you at closing and typically reduces your mortgage interest rate by .25 percent. mortgage lenders frequent charge homeowners whatever they like and get away with it because very few homeowners actually read the fine print found in their loan contracts.

How can you tell if your mortgage company is being honest with you about the points you are paying? Ask your loan representative for various quotes with different point and mortgage rate combinations. For each ¼ percent change in the mortgage interest rate you should only be required to pay one point. If you don’t see the interest rate going down accordingly ask your loan representative to explain the fee.

Deciding if paying points is beneficial to you is simple to calculate. Simply divide the amount you will pay by the amount you save on your monthly payment and you will have the number of months it will take to recoup your expense. Generally speaking, the longer you plan on keeping the mortgage, the more sense it makes to pay discount points at closing. You can learn more about your mortgage options, including expensive mistakes to avoid with a free mortgage refinancing video tutorial.

To get your FREE six-part mortgage Refinancing Tutorial, visit RefiAdvisor.com using the link below.

Louie Latour specializes in showing homeowners how to avoid costly mortgage mistakes and predatory lenders. To get your hands on this free video tutorial: "Mortgage Refinancing - What You Need to Know," which teaches strategies for finding the best mortgage and saving thousands of dollars in the process, visit Refiadvisor.com.

Claim your free mortgage refinancing tutorial today at: http://www.refiadvisor.com

Mortgage Refinancing Points

Mortgage Broker Refinancing-The Broker Might Be Hiding Your Wholesale Lender From You

If you are working with a mortgage broker when refinancing your mortgage, that person may be holding the name of your mortgage lender from you. mortgage brokers want to keep the lender’s name under wraps until it’s too late for you to jump ship and contact the lender directly. When working with mortgage broker it is important to keep an eye on everything the broker does to avoid overpaying; here are several tips to help you when mortgage refinancing with a broker.

mortgage brokers are often afraid that if their customers find out the name of the lender behind a particular loan offer, that person will bypass the broker and go directly to that lender. This sounds silly but mortgage brokers make their money from the origination fees you pay and by marking up your mortgage interest rate. If you want to save money when refinancing your mortgage, using a mortgage broker can be an excellent resource if you watch that person like a hawk.

Once you’ve locked in your interest rate and your mortgage broker has agreed not to mark up your mortgage interest rate with Yield Spread Premium, you have a right to know who the wholesale lender is. If your broker tells you that they cannot tell you the name of the lender, that person is lying to you. At this point you should ask yourself if the broker you are working with is trustworthy and decide if you need to take your business somewhere else.

Once your mortgage broker has locked in your mortgage rate at the percentage you agreed, ask to see the rate lock from the wholesale lender. If your mortgage broker told you they will not mark up your mortgage interest rate with Yield Spread Premium, the interest rate from the wholesale lender should the same as the guarantee you received from your mortgage broker. Avoiding Yield Spread Premium with your interest rate needs to be your number one priority for your new mortgage loan.

You can learn more about mortgage refinancing with a broker without overpaying, including costly mistakes to avoid with a free, six-part video tutorial.

To get your FREE six-part mortgage Refinancing Tutorial, visit RefiAdvisor.com using the link below.

Louie Latour specializes in showing homeowners how to avoid costly mortgage mistakes and predatory lenders. To get your hands on this free video tutorial: "Mortgage Refinancing - What You Need to Know," which teaches strategies for finding the best mortgage and saving thousands of dollars in the process, visit Refiadvisor.com.

Claim your free mortgage refinancing tutorial today at: http://www.refiadvisor.com

Mortgage Broker Refinancing

Mortgage Refinancing Information-Watch Out For Special Mortgage Deals

The majority of homeowners know to avoid unheard-of mortgage rates when refinancing their loans to avoid mortgage company bait-and-switch tactics. mortgage brokers often play a similar game with mortgage offers and qualifying features. Here are several tips to help you avoid being duped by a deceptive loan offers when mortgage refinancing.

If you are a homeowner with credit problems in your past, or are trying to finance an investment property, mortgage brokers will sometimes string you along without having a loan offer or even a lender in mind. Brokers often do this to get a loan application and some cash out of you while searching for a loan program that matches your needs. If you fall for trick like this, the broker could lead you on well after you’ve paid for appraisals, inspections, and application fees, only to switch programs when it’s too late for you to do anything.

Once you’ve agreed to a mortgage offer and locked in an interest rate, the broker will tell you the name of your wholesale lender. If the mortgage broker refuses to provide the name, telling you they cannot reveal the wholesale lenders name, your mortgage broker is simply lying to you and you should find another broker to work with.

If you’re working with a mortgage broker that has a mortgage loan that no one else has been able to offer you, don’t fall for it unless they are able to tell you the name of the wholesale mortgage lender and give you a solid quote for the mortgage. Falling for a mortgage broker that is simply leading you on while emptying you pockets will fees will only cost you a lot of money and hurt your pride.

To get your FREE six-part mortgage refinancing Tutorial, visit RefiAdvisor.com using the link below.

Louie Latour specializes in showing homeowners how to avoid costly mortgage mistakes and predatory lenders. To get your hands on this free video tutorial: "Mortgage Refinancing, What You Need to Know," click here. This tutorial teaches strategies for finding the best mortgage and saving thousands of dollars in the process.

Claim your free mortgage refinancing tutorial today at: http://www.refiadvisor.com

Mortgage Broker Refinance Loan

Mortgage Broker Refinancing – The Best Interest Rate Should Not Be Your Only Loan Consideration

Every wonder why if mortgage brokers have access to so many programs and “great deals,” why doesn’t everyone use a broker when mortgage refinancing? brokers can help you locate mortgage offers that you might not find on your own; however, if you’re not careful you could wind up overpaying thousands of dollars when mortgage refinancing. Here are several tips to help you find the perfect mortgage for your financial situation when working with a mortgage broker.

The problem with refinancing your mortgage with a broker is that they frequently mark up your mortgage interest rate without telling you to make a profit. mortgage brokers are legally required to disclose this markup of your mortgage interest rate; however it is frequently buried in the fine print of your loan contract. This markup of your mortgage interest rate is called Yield Spread Premium and is an incentive from the wholesale lender for overcharging you. For every .25% you agree to overpay for your mortgage rate, the broker is paid a bonus of 1% of your loan amount.

Your number one priority when refinancing your mortgage is to find a mortgage that does not include Yield Spread Premium. Tell your mortgage broker that you will pay a reasonable origination free for their services, all necessary third party fees, but will not pay any markup of your mortgage interest rate by their company. This unnecessary markup of your mortgage interest rate by the broker has gotten so bad that the Secretary of Housing and Urban Development was recently quoted that homeowners in the United States overpay $16 billion in unnecessary mortgage interest rates and closing costs every year.

You can learn more about your options when working with a mortgage broker, including costly mistakes to avoid with a free, six-part video tutorial.

To get your FREE six-part mortgage refinancing Tutorial, visit RefiAdvisor.com using the link below.

Louie Latour specializes in showing homeowners how to avoid costly mortgage mistakes and predatory lenders. To get your hands on this free video tutorial: "Mortgage Refinancing - What You Need to Know," which teaches strategies for finding the best mortgage and saving thousands of dollars in the process, visit Refiadvisor.com.

Claim your free mortgage refinancing tutorial today at: http://www.refiadvisor.com

Home Mortgage Refinancing

Self-Employed Health Insurance Offers Tax Benefit

If you are an entrepreneur, or work at home person, you know the importance of having self-employed health insurance. Whether you work out of your home, or at an outside location, being self-employed means only one thing - you will be responsible for the cost of health insurance.

In the United States, those utilizing self-employed health insurance can face a substantial financial burden. The best that can be made of this expense is to take advantage of every available legal tax benefit. In almost all cases, self-employed health insurance costs are probably a deductible expense for you. These costs, can at least help to reduce your tax burden. To be sure, consult a tax professional for your specific circumstances.

The United States Internal Revenue Service (IRS) website says the following regarding the utilization of self-employed health insurance: "If you were self-employed and had a net profit for the year, were a general partner (or a limited partner receiving guaranteed payments), or received wages from an S corporation in which you were a more than 2% shareholder (who is treated as a partner), you may be able to deduct, as an adjustment to income, all of the amount paid for medical and qualified long-term care insurance on behalf of yourself, your spouse, and dependents."

The IRS website goes on to explain that the self-employed health insurance plan must have been established under your business entity. They continue by stating, the deduction for self-employed health insurance premiums cannot exceed the amount of your earned income. Finally, the deduction for self-employed health insurance cannot be claimed for any month in which you were eligible to be covered by your employer (if you have a second job), or your spouse's employer.

Recording these expenses is quite easy. Should you qualify for the self-employed health insurance deduction, you will find, included with your 1040 tax Package, the self-employed health insurance Deduction Worksheet.

However, if you had more than one source of income that was subject to self-employment tax, you cannot use the self-employed health insurance Worksheet. In addition, if you are filing either Form 2555 (Foreign Earned Income), or Form 2555-EZ (Foreign Earned Income Exclusion), you also cannot use the worksheet. Finally, premiums and costs associated with qualified long-term care insurance also cannot be used with the self-employed health insurance Worksheet.

Should you fall into one of the above categories, and are prohibited from using the worksheet to figure your self-employed health insurance deduction, you will find a worksheet in IRS Publication 535 (Business Expenses). Whatever your self-employed situation, you should be able to deduct some, or possibly most of your self-employed health insurance premiums.

Copyright ©2006 Carl DiNello

Carl DiNello is an Article Author whose articles are featured on websites covering the Internet's most popular topics.

To read more on this topic, please visit Health Insurance Information!

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Insurance : Affordable Health Care with a Major Medical Insurance Plan

When people are unable to obtain an affordable, employer-sponsored group health insurance plan, they usually figure an individual health insurance plan is their only other option, short of state-sponsored health care. Purchasing an individual health insurance plan is indeed an option, but if you can’t afford it at this time in your life you may want to consider finding affordable health care with a major medical plan.

When comparing individual health insurance plans and major medical plans, you’ll probably find that major medical plans are generally more expensive. But you’re not looking for more expensive! You’re looking for affordable health care! Rest assured, you can find affordable health care with a major medical insurance plan. While you may spend more on monthly premiums when you purchase a major medical insurance plan, you will save money when it comes to major medical costs – think major surgeries, extended hospital stays, etc. These kinds of health care coverage are much more expensive than, say, a regular check-up. These kinds of health care coverage are also the kinds that will financially break you if you don’t have coverage, or enough coverage, in the event they occur. A regular individual health insurance plan will not cover the same high dollar amount of major medical care that a major medical insurance plan will cover. This is the point at which those higher monthly premiums begin to make sense.

Having health insurance is important. health care is expensive, and the cost is steadily rising. If you don’t have employer-sponsored group health coverage, and aren’t eligible for a state-sponsored health plan, you must purchase some sort of health insurance. While regular individual health insurance plans are generally less expensive as far as monthly premiums are concerned, major medical insurance plans cover a greater portion of the more expensive medical treatments and procedures. Take these factors into consideration when shopping for the most affordable health insurance plan for you.

To get free quotes and learn more about insurance please visit the following
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Affordable Health Care with a Major Medical Insurance Plan

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Free Health Insurance Quotes

Why waste time calling one insurance company after another to get health insurance quotes? Just as term life insurance rates dramatically decreased in price years ago after the price transparency of the Internet forced insurance companies into greater competition so too shopping for online health quotes is headed the same direction.

What was once a very time consuming affair is now a matter of taking a few moments to key in basic health information. What was once a process that could involve days and even weeks for agents and insurance companies to prepare proposals – now many companies offer instant and online free health insurance quotes.

So which insurance company to choose? One of the most important factors in determining the best insurance company for your particular situation is your home zip code. health insurance rates are based on home zip code and insurance companies are more competitive in certain zip codes as opposed to others. Generally speaking you will want to choose a large and well regarded insurance company – not a company that you have never even heard of before.

Almost all health insurance companies provide free online health quotes at their website. However, it can be quite a chore to try and navigate through all of their different sites and keep inputting and re-inputting your information over and over (let alone trying to figure out if they even offer coverage in your home zip code). You will save money and time and a little bit of a hassle to boot if you compare free health insurance quotes at an independent site that can take your information one time and then show you health quotes from multiple companies side by side in an easy comparison format.

Search for health insurance the easy way by taking 30 seconds to input your health information and then viewing free health insurance quotes from the top 5 companies that offer health insurance coverage in your home zip code at Health Insurance Quote 360.

Make sure that you use the price transparency of the Internet to find the most affordable and comprehensive health plan quotes in your home zip code!

Insurance : What You Need To Know To Qualify for Health Insurance

health insurance has many requirements and few requirements at the same time. There are many circumstances that may apply to this. A healthy person would easily qualify for health insurance, whereas someone with a medical condition or someone who has a history of certain medical conditions would find it very hard to find a health insurance company to cover him or her. The cost of health insurance also varies according to your degree of health and other conditions.

A person’s life style would certainly be taken into consideration when qualifying for health insurance, for example a librarian would be much more qualified for health insurance than a race car driver. An insurance company is a business after all and are about making money, that’s why it will not want to qualify you for health insurance if they think that you are at you are at a risk of becoming seriously ill or in any type of health danger, for example smokers, or people who consume excessive amounts of alcohol would receive higher premiums. People with diseases such as cancer, AIDS, HIV, and other preexisting conditions would find it hard or nearly impossible to get health insurance.

Another aspect that is considered when your application for health insurance is being processed is the area where you live. Places with environmental pollutants such as nuclear power plants, landfills, war torn areas and other places where factors in the environment may cause ill health will definitely drive your premium upwards. Age is another factor, for example a twenty year old person would get a very cost effective health insurance package whereas a seventy old person would get an equally or less valuable package for a much greater price. Gender is also a consideration because women generally tend to live longer than men, are less likely to develop heart disease and have lower levels of depression. Marital status is another key area in insurance as married men are apt to live longer with fewer bouts of depression whereas married women have shorter life expectancies and higher stress levels.

All these factors are called risk factors and people who score on the high end of the scale may find it difficult to find affordable health insurance. However, great strides towards making health care available to everyone have been made and you may find an outreach program in your area that either gets you health care at a discount or provide it free of charge. The American system of Medicaid and COBRA are excellent examples of a health care system working to keep all its citizens healthy.

Find more relevant articles on health related matters at http://www.questionsonhealth.net/ a website offering views, opinions and factual resources on topics such as affordable health insurance, healthy eating advice and even how to prevent a cold.