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Mortgage Refinancing Help: Actuarial Science
“If you are able to get a lower rate that what you currently have, you can save tens of thousands of dollars over the life of your loan. Also, most lenders don't charge as many fees to refinance a mortgage and depending on how much equity you have in your home you may be able to roll the closing costs into your new loan, still have a lower balance than your original loan, a lower rate, and a lower payment.
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Mortgage Refinancing Help
: Business: Financial Services: Insurance
: Actuarial Science (139)
 Know your credit score before you begin looking for a loan. If you can, try to remove any blemishes from your credit report before applying for a refinance.
 See also:
 Balducci's Actuarial Home Page »
The University of Calgary, Department of Mathematics and Statistics, Division of Statistics and Actuarial Science.
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 Be An Actuary »
Site from the Casualty Actuarial Society and Society of Actuaries devoted entirely to those interested in the actuarial profession. Includes information on suitability for the career, how to become an actuary, life on the job, and a searchable database of job openings.
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 Actuary.NET - Global Actuarial News Blog »
Global Actuarial News Blog
- International actuarial, insurance, and consulting news outlet.
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 ExamFirst »
Advocating life insurance industry reform, whereby applicants could be medically examined before choosing an insurance company and policy.
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 Actuary.com »
Extensive information on the actuarial field, including tables, jobs, statistical research, and discussion forums. Covers life, health, casualty, pensions, and benefits.
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 Actuarial Conversion and Present Value Factors »
Free actuarial calculator for annuities.
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 Contingencies »
Magazine of the actuarial profession, published by the American Academy of Actuaries.
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 Actuarial Rebel Outpost »
Discussion forums, free downloads for students, and job postings.
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 Ralf Lister »
Personal home page of a life actuary. Includes curriculum vitae in English, Spanish, and German, and some downloadable formulas in Spanish. Visitors are invited to upload files with actuarial content.
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 Insurance Services Office, Inc. »
Supplier of statistical, actuarial, underwriting claims information for insurance company professionals, agents, and brokers.
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 History of Actuarial Science »
Wide-ranging assortment of actuarial history links.
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 Life Insurance Underwriting Guide »
Actuarial study of underwriting factors for eleven leading life insurance companies.
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 Guy Thomas »
Collection of research papers by consulting actuary Guy Thomas.
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 Actuarial Foundation »
Philanthropic organization, sponsoring research, education, and communication initiatives related to the actuarial profession.
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 Unofficial Indian Actuarial Science Community »
Resources and guides to actuarial science for new students in India, plus discussion forums for actuarial professionals.
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 Actuarial Grads Network »
Information, jobs, and career advice for those considering the actuarial profession.
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 American Term Life Insurance History Project »
Various historical insurance and actuarial documents and books, fully scanned and available for free download.
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 Visible Policy »
Provides an analysis of an actual participating whole life insurance policy, including charts, spreadsheet, and comparisons.
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 PolySystems »
PolySystems' actuarial software provides for the needs of the financial reporting and analysis cycle of insurance companies, addressing regulatory reporting requirements which are built into the design.
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 Actuarial Jokes »
Over 180 actuarial jokes from all over the world.
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 You can also save money on your mortgage refinancing by paying "points." This is a fee that effectively lowers the interest rate of your loan. If you plan on staying in your home for a long time, this long-term strategy can be an excellent way to save thousands of dollars.
Fees are a hidden cost of many mortgage loans. By law, lenders must disclose fees within three days of a loan application. Fees can go by many names like - document prep fees, courier fees, administrative fees, and more.
Closing costs can be expensive. If you plan on refinancing your home to save money, be sure to take into consideration how much the closing costs on the new loan will cost you.
Ask the lender or broker for a comparison of the up-front costs, principal, rate, and payments with and without this rate trade-off.
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