When to refinance your home mortgage?

For many people, the ability to refinance your home may reduce monthly expenses and actually improve credit all at once. Contrary to what you might think, refinancing is still a viable option for many homeowners. Determine if it's a good idea to refinance your home with this quick quiz:
Should You Consider Mortgage Home Refinance?


Are the current mortgage interest rates at least 1 point less than your existing mortgage interest? If so, refinancing your home mortgage might make sense. If interest rates are lower now by 2 points or more than when you bought your home, you should definitely look into refinancing.


Do you currently have an adjustable rate mortgage, negative amortization or interest only loan that is due to reset or which isn't building equity? If so, today's historically low mortgage interest rates make it a great time to refinance a home loan and lock in low rates on a standard mortgage refinance loan with a fixed interest rate.


Do you have at least 20 percent or more equity in your home? If so, you might benefit from refinancing by reducing or eliminating the Private Mortgage Insurance (PMI) that you are paying each month. PMI is a type of insurance that is required in many loans where the buyer didn't make a down payment. of 20% or more. In exchange for less money down, PMI provides additional insurance to lenders in the event of a default. But if you now owe 80% or less on your mortgage, you may be able to drop the PMI and that can reduce monthly payments by $70 to $150 or more.


Is your debt to income ratio nearing the maximum? If you refinance your home, you may actually improve your credit score by freeing up additional income and lowering the minimum monthly payment amounts of your basic bills. By keeping a solid credit score and low debt to income ratio, you will often qualify for lower interest rates on everything from credit cards to insurance… making this a strong strategic move toward lowering all of your bills at one time.


Do you need to pay for a large one-time out of pocket expense like major medical bills or college tuition? If so, it is often more affordable to take out money when you refinance your home rather than securing additional loans. Just keep in mind, you could be refinancing for up to 30 years so the total cost may be substantially more in the long run. Take time to calculate the cost versus savings for yourself before making a final decision.


If you answered "yes" to any of the above questions then you might benefit from speaking to a mortgage broker or lender to refinance your home. It could easily save hundreds of dollars per month. Be sure to consider the refinance closing costs and any other refinance fees in your decision. If refinance costs are nearly equal to what you would save by refinancing, then it may not be worth the trouble.

*This information came from SuperPages.com - check out their website for more helpful info!*

It's almost the weekend - laugh a little!

• They were singing without accompaniment. You know - Acapulco.
• I saw all those old testament houses.
• The first thing they do when a baby is born is to cut its biblical cord.
• His acting ran the gauntlet from A to Z.
• My daughter has a congenial hip disease.
• The referee penalized the team for unnecessary roughage.
• The Archbishop is interested in the economical movement.
• I suffer from a deviant septum.
• You're in for a shrewd awakening.
• The police surrounded the building on three sides and threw an accordion around the block.

-Anguished English by Richard Lederer

Protecting your home during Snow Fall!

Click on the link below for tips on protecting your house despite freezing temps and snowy conditions...

Home protection

When a newspaper goes out wearing the wrong banners, its messages can become unwittingly suggestive!

• Queen Mary having bottom scraped.
• Is there a ring of debris around Uranus?
• Henshaw offers rare opportunity to goose hunters.
• Connie tied, Nude policeman testifies.
• Women's movements called more Broad-Based.
• Antique stripper to display wares at store.
• Stud tires out!
• Prostitutes appeal to Pope.
• City may impose mandatory time for Prostitution.
• Split rears in Farmer Movement.

From Anguished English...

February Schedule of Events

Looking for things to do in the Central Arkansas area? Click on the link below to see a full schedule for the month of February! Planning in advance, check out my website to see a schedule for upcoming months.

February Schedule of Events

Anguished English

• In a Tokyo hotel: Is forbitten to steal hotel towels please. If you are not person to do such thing is please not to read notis.
• In another Japanese hotel room: Please to bathe inside tub.
• In a Bucharest hotel lobby: The lift is being fixed for the day. During that time we regret that you will be unbearable.
• In a Lepzig elevator: Do not enter the lift backwards, and only when lit up.
• In a Belgrade hotel elevator: To move the cabin, push button for wishing floor. If the cabin should enter more persons, each one should press number of wishing floor. Driving is then going alphabetically by national order.
• In a Paris hotel elevator: Please leave your values at the front desk.
• In a hotel in Athens: Visitors are expected to complain at the office between the hours of 9 and 11a.m. daily.
• In a Yugoslavian hotel: The flattening of underwear with pleasure is the job of chambermaid.
• In a Japenese hotel: You are invited to take advantage of the chambermaid.
• In the lobby of a Moscow hotel across from a Russian Orthodox monastery: You are welcome to visit the cemetery where famous Russian and Soviet composers, artists, and writers are buried daily except Thursday.

• Dear school: "Please excuse John from being absent on Jan. 28th, 29th, 30th, 31st, 32nd and 33rd."
• Please excuse Gloria from Jim today. She is administrating.
• John has been absent because he had two teeth taken off his face.
• Carlos was absent yesterday because he was hurt while playing football. He was hurt in the growing part.
• Chris will not be in school cus he has an acre in his side.
• Please excuse Ray Friday from school. He had very loose vowels.
• Please excuse Tom from being absent on Friday. He had diahrea and his boots leak.
• Please excuse Jimmy for being. It is his father's fault.
• Please excuse my son's tardiness. I forgot to wake him and did not find him till I began making the beds.

*Anguished English by Richard Lederer