Archive for the ‘Debt’ tag
Credit Default Swaps Explained no comments
I couldn’t have said it better myself! The concept of Credit Default Swaps was very central in the global financial crisis, so it’s vital you understand it!
The Crisis of Credit no comments
Information about the credit crisis and the 2000′s financial crisis in general. Stuff like credit default swaps, sub-prime mortgages, collateralized debt-obligations etc gets explained in layman’s terms. 
Refinance Mortgage Loans for a Better Interest Rate no comments
Of all the reasons for you to refinance mortgage loans that you already have, the ability to get a better interest rate is perhaps one of the best ones. There are many ways in which this reason can apply to your particular life. That is why there are already so many people out there that routinely refinance loans at a regular stage so that they can get a better interest rate for the second part of the mortgage.
One example of such a deal would be getting a fixed interest rate reduced through the refinance mortgage deal. Say that you had a mortgage loan with an 8% interest rate and a 20-year term that had been paid halfway through. 
At this point, the bank might very well be willing to refinance your mortgage down to a 7% or 6% interest rate in order to keep you a happy customer and therefore get more of your business later. Some banks do it, so it is definitely worth asking about.
Another example that occurs quite a bit more often is doing a refinance mortgage loan in order to get into a fixed interest rate from a variable one. People might do this if they feel the market conditions have been bad to them throughout and they might also do it if they feel that the variable rates are about to shoot through the roof. In any case, this is one of the most common reasons for a refinance to take place.