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ABOUT THE AUTHOR
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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 .
 
How Soon Can I Refinance a Mortgage?FATIMA BHUTTOHow soon can I refinance a mortgage is aquestion asked by many people lookingfor mortgage refinance options. However,before we take up your question, it ispertinent to understand what is refinancemortgage and how it is going to benefityou. You may be looking for opportunitiesto optimize your monthly payments byeyeing on the various refinancingmortgage options available for yourmortgage plan. You might be wishing to change over fromthe fixed rate home loan or vice versa. The change depends upon the interestrate. You may also be wishing to go in forcash out refinance mortgage options thatallows the payment of all the old loans
 
and allows for the new ones at the sametime.Before you are allowed to refinance amortgage, lenders will give a careful lookinto your current balance, your monthlybalance and the period left for thepayments and then decide how best tohelp you. To get the best deal, advice of amortgage consultant would be of a greathelp because they are the best person tooffer you the right tips to refinance amortgage.Meaning of Refinance MortgageRefinance mortgage mean differentthings to different people. Mortgagerefinancing could mean combining thefirst and second mortgages into a single
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