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Mortgage Refinancing Help: Econometrics
“Ask for more than just rates. Bad loan officers will tell you anything to keep you on the phone -- then change the details to suit them later. Instead, make them get real with you! Ask how long they've been in the industry. Probe them about their experience in the industry. Also, ask what their opinion is on the current market and where it's going.
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Mortgage Refinancing Help
: Science: Social Sciences: Economics
: Econometrics (103)
 Start with your current lender. If you're a good customer-you hold a sizable mortgage, pay on time, and maintain good credit-your existing lender will probably do everything in its power to keep your business. The company may cut you a break on fees for things like appraisals, surveys, and inspections if the information is current and you meet other requirements.
 See also:
 Xbeta »
A MathML-enabled wiki about econometrics, statistics, mathematics, and scientific computing.
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 UC Berkeley Econometrics Laboratory »
A Unix-based facility dedicated to computationally intensive econometrics and statistics. Provides software tutorials and a directory of data sources.
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 Economagic: Economic Time Series Page »
A large collection of government time series datasets, primarily from the United States, available in plain text and Excel format. Includes plotting and regression tools.
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 Econometrics Notes »
Graduate level course notes by Michael Creel, written in LyX and licensed under the GNU GPL. Source code, example programs, and a PDF version are available.
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 SoFiE: The Society for Financial Econometrics »
An international group dedicated to financial econometrics which organizes an annual conference and sponsors related programs. Associated with the Journal of Financial Econometrics. Includes information on membership and conferences.
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 Lecture notes in Econometrics »
A collection of notes on econometric theory by Herman J. Bierens, both at the undergraduate and graduate levels.
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 Econometric Links of the Econometrics Journal »
A comprehensive database of resources for econometricians including software, data, publications, conferences, people, institutions, and jobs.
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 Econometric Resources on the Net »
Designed to assist econometrics students and practicing econometricians, by John Kane.
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 Econometrics in R »
A guide to using R for working with data, regression analysis, and plotting by Grant V. Farnsworth.
[PDF]
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 Class Notes for Econometrics »
Notes for a graduate course sequence by Hans G. Ehrbar. Includes PDF versions for several viewing and printing options, exams, and LaTeX source code.
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 New Economics Papers: Econometrics »
An announcement service featuring edited reports of new research in econometrics. Offers email and RSS subscriptions and archives.
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 Econometric Institutes and Research Centers in the World »
A directory of links, arranged by country and state.
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 Be Ready. After your loan is approved, you'll need to sign your loan documents and provide a check for any out-of-pocket closing costs. Make sure the funds are available in your account, and be ready to make room in your schedule to read and sign your loan documents as soon as possible.
If you plan on moving out of your existing home within the next few years, it may not be beneficial for you to refinance. Make sure you let your mortgage specialist know your future plans.
Refinacing your mortgage can allow you to take cash out of the equity which you have built in your home. You can pay off your higher interest debts and pay all of your debts at a lower interest rate. This will allow you to save money on a monthly basis and achieve your financial security.
For both new buyers and refinancers, it's important to understand what a no-cost mortgage loan or a no-cost refinance loan really means. "No cost" does not mean that closing costs (also known as settlement costs) have been erased. It means that the closing costs will be factored into the interest rate associated with the loan. Of course, this also means that, all other things being equal, the interest rate associated with a no-cost mortgage will always be higher than one where the borrower pays the closing costs up front.
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