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Mortgage Refinancing Help: Architecture
“These days most people request a Good Faith Estimate (GFE), but have no clue what to look for on the GFE. Make sure you request a GFE that has ALL fees estimated and disclosed. This includes: origination points, processing, lender, appraisal, title, escrow... ALL FEES... especially the Yield Spread Premium or YSP.
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Mortgage Refinancing Help
: Arts
: Architecture (2,795)
 If there is a big difference between the initial interest rate and the APR listed in the ad, it may mean that there are high fees associated with the loan.
 See also:
 Ribanet »
Professional association of architects in the United Kingdom along with international members. News, exhibitions, online shopping, directories of architects, British Architectural Library.
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 Archiplanet »
A community-created a collection of architectural information using MediaWiki software. It covers many thousands of buildings, architects and firms worldwide, and a large number of images.
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 Archiseek »
Architecture forums, planning news, architectural competition announcements, and guides to the architecture of selected countries and cities.
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 Galinsky »
A showcase for the world's most exciting modern buildings. Photographs, descriptions and visitor information for more than 200 buildings across Europe, North and South America and the Asia-Pacific region, searchable by architect or region.
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 Godden Structural Engineering Slide Library »
University of California collection of 560 engineering slides from around the world. Historic and modern structures: beams, arches, cable and suspension, domes and shells, columns, frames, grids, slabs and trusses.
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 Arqhys »
The English-language version of a portal created by architecture students in the Dominican Republic. Covers architectural history, famous architects and buildings monuments, and methods and materials of construction.
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 Architecture for Humanity »
A volunteer non-profit organization set up to promote architecture and design to seek solutions to global social and humanitarian crisis.
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 World View »
The Architectural League of New York presents persectives on architecture and urbanism from around the globe. Includes illustrated reports on Beirut, Caracas, Dhaka, Oslo and Tijuana.
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 New 7 Wonders »
This project offered the public the opportunity to vote for the new seven wonders of the world. Results were announced on 7 July 2007. It gives condensed, illustrated descriptions of the winners and other finalists.
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 Made of Light »
A project conceived and designed by Speirs and Major Associates, which aims to provide a thought-provoking presentation of the art of light and architecture.
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 Floornature »
Interviews with architects, news, flooring projects with man made tiles. Manufacturing process, environmental impact and international standards for ceramic tiles and man made stones.
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 Architypes.net »
A library of architectural design issues, solutions and ideas, built up by collaboration and mostly available to share under a Creative Commons license. Images and commentary.
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 Arbitat »
Pictures and slideshows of architecturally interesting buildings from around the world, features on current projects (submissions accepted) and biographies of famous archirects.
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 The Virtual Study Tour »
The New Zealand School of Architecture presents computer models of a selection of buildings ancient, modern and proposed, including a sustainable eco-house.
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 Archinform »
International architectural database listing thousands of built and unbuilt projects. 20th-century architecture is the main theme.
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 Arounder »
This online travel magazine offers a huge collection of 360-degree Quicktime virtual reality full-screen panoramas of world-class architectural, artistic and historical landmarks.
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 If your property value reduces and you refinance up to 80% of the reappraised value, your original mortgage amount may be higher than this amount. Thus, the new loan will not be sufficient enough to help you pay down the existing one.
If there are only a few years left on your current loan, it's no use refinancing with a long term loan. You may need extra cash but with a long term loan, you'll end up paying more for the entire loan term.
Don't escrow taxes and insurance. Unless you're undisciplined, avoid putting monies in escrow to cover your property taxes and homeowner's insurance. There's usually a fee for this privilege that runs under 1 percent of the loan amount, in states where it's allowed. "Paying the fee will allow you to time your tax and insurance payments to your benefit," says Bank South's Steve Austin. For instance, you may be able to prepay taxes that are due next year and use those payments to reduce your current tax bill. Moreover, you get to hang onto your money longer. That may be an advantage when interest-bearing accounts start paying more.
Make sure that your original mortgage does not have a pre-payment penalty or early payoff penalty of any kind. Sometimes people will get into their mortgage with the mortgage having a pre-payment penalty and they will not even know about it. Pre-payment penalties usually range from 6 months to 3 years with a penalty for an early payoff. The penalty is usually about the amount of 6 months worth of your mortgage loan interest, but this varies. You would have to be able to have some significant payment and interest savings on your refinance loan to justify refinancing a mortgage loan with a pre-payment penalty.
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