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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 .
 
Save Money On Your MortgageFATIMA BHUTTO There are many ways to save money. Youcould try to reduce your interest rates onunsecured loans, or lines of credit byrolling them into a second mortgage, orcombining them with an existingmortgage. Secured loans such asmortgages normally save you money byhaving lower interest rates, but they maycost more to close at the end of the loanterm.If you go for a cash out refinance deal youmay get yourself some spare cash tomeet your immediate financial needs, andsave money by getting a cheaper loan. If your credit rating or status is better nowthan it was when you originally took out aloan, then you are probably going to be
 
able to get a loan at a lower interest ratethan before. For example you may havebought a car using an auto loan. The carmay still be a dream but the loan couldbe expensive. Refinancing the auto loanmay make it more affordable and couldsave you money. You may wish to refinance your mortgage.If done properly you may save money.However, when refinancing yourmortgage you must match your loan toyour financial goals. Some mortgagesoffer a lower rate than others, but you aretied into the loan and must pay a fee if you redeem early. This type of mortgageshould be avoided if you are likely tomove, and therefore redeem themortgage, in the next couple of years.Likewise, loans that have a large up frontfee to lock you into a low interest rate
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