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ABOUT THE AUTHOR
PLEASE VISIT MY SITE
HTTP://INSURANCE.JIMDO.COM
Fatima graduated with a Bachelor's degree in Economics from ColumbiaUniversity and received a Masters in Economics from Singapore NationalUniversity. Fatima comes from a political background, her father Mir MurtazaBhutto - an elected member of Pakistan's parliament - was assassinated bystate police in 1996. His sister, Benazir Bhutto, was Prime Minister at thetime of his killing. Fatima is the author of two books, understanding thefinancial system published when she was 15 years old and basics of debtmanagement. Both were published by Oxford University Press.Fatima currently writes a weekly column for Pakistan's largest Urdudaily newspaper, Daily Jang, and its English sister paper, The NewsInternational. Recently She has completed her MBA in Finance from HarvardUniversity in 2006. Her diary from Tehran is the second the papersprinted; Fatima also wrote a weekly diary from Lebanon .
 
Get Debt Free Fast With Smart MortgageRefinancingFATIMA BHUTTONow that you have purchased your dreamhome, you are now knee-deep in debtand facing heavy financial pressure. There is one useful solution used by manysavvy real estate investors, a solutionthat involves more cash flow, loweredinterest rate and lesser monthly payment. This financial tool, known as mortgagerefinance, is not complicated at all, andonly involves a bit of calculation andsmart leveraging of money. This may explain why home mortgagerefinancing is a popular and lucrativedeal. The rule of thumb in refinancingyour mortgage is that the interest rate forthe new loan should be at least 2percentage points below the rate of your
 
existing mortgage. In the presenteconomic scenario where the market issaturated with credit institutions andmultiple loan products, you are floodedwith all types of offers such as the no costrefinance mortgage and the low costmortgage refinance packages. As a resultyour new monthly repayment after themortgage refinancing is considerablylower than the previous one.However, resorting to mortgagerefinancing becomes even moreworthwhile and cost-saving if you live atyour present home for a certain length of time. If you plan to move out or sell thehouse soon, then home mortgagerefinance may not be a feasible option foryou. The longer you stay the more yousave month by month in the form of reduced monthly payments. You should
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