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Mortgage Refinancing Help
: Science: Social Sciences: Economics
: Urban Economics (18)
 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.
 See also:
 Higher Education Academy: Books on Regional and Urban Economics »
Books suitable for teaching Regional and Urban Economics at university level, from the Economics Network at Britain's Higher Education Academy. General texts and books on specific topics are listed, and the site offers links to UK search information on each book.
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 University of Glasgow: Department of Urban Studies »
Information on program, research, events and expertise from a leading British research center, as well as information for students and material accessible only to staff.
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 University of Wisconsin-Madison: James A. Graaskamp Center for Real Estate »
Faculty and program information from this research institute, whose work is grounded in urban land economics.
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 Massachusetts Institute of Technology (MIT): Department of Urban Studies and Planning (DUSP) »
Program, facilities and admissions information from this leading academic center.
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 Wyoming Center for Business and Economic Analysis »
A business providing economic data for southeast Wyoming, as well as a wider offering in local economics-based services.
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 Jack Brause Library »
An academic library serving the wider real estate community, at New York University.
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 International Economic Development Council (IEDC) »
Membership association serving economic and community development professionals. A wide-ranging US-based resource.
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 Economic Development Association Scotland (EDAS) »
A Scottish professional association, oriented towards knowledge and skills development. The site also includes news, research and events information.
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 Australian Housing and Urban Research Institute (AHURI) »
Institutional, research and publications information from this national research consortium.
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 Economic and Planning Systems »
An urban economics consulting firm specializing in real estate feasibility, fiscal analysis, public finance, regional forecasting, and international economic development.
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 Institute for Urban Economics (IUE) »
Russian not-for-profit urban regeneration organization. Describes activities, and contains knowledge-based reports.
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 American Real Estate and Urban Economics Association (AREUEA) »
A not-for-profit, knowledge-oriented network. Disseminates organizational and conference information; related news; and, for members, its journal Real Estate Economics.
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 Resist "no cost" refinancing. No cost doesn't mean free. On the contrary: The closing costs are usually bundled into the new mortgage, which means you pay interest on them. The fees associated with a 30-year mortgage could cost you more than double what they would have had you simply written a check for them at closing. Or, if the costs aren't bundled in, you'll be charged a slightly higher interest rate. Either way, the lender wins.
You can ask for a copy of your settlement cost papers (the HUD-1 form) one day in advance of your loan closing. This will give you a chance to review the documents and verify the terms.
Weigh the costs carefully of how long you will be staying in your home vs. how much of a savings you will be getting in a refinance. Make sure you include closing costs in your decision.
When lenders offer a "no-cost" loan, they may include a prepayment penalty to discourage you from refinancing within the first few years of the loan. Ask the lender offering a no-cost loan to explain all the fees and penalties before you agree to these terms.
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