Cool Lowest Closing Costs images
Some cool lowest closing costs images:
Hung Far Low ~ “Almond flower fragrance”
Image by Rosa Say
This is now the site of the new Ping Restaurant.
When I first saw it, I did think it looked a bit too good to be true (in such good shape), and so I had to look it up, also thinking that ‘Far Low’ was a more Western ‘Farlow’ at first.
Discovered the meaning of Hung Far Low by watching this video, about how Portland citizens rallied to restore the 2000-pound landmark, raising more than ,600 through commemorative t-shirt sales, a website and special events. PDC closed the remaining gap with approximately ,000 in grant funding. The total cost of the project — which includes removal of the sign, design and restoration work, and its re-attachment to the building, is estimated at ,461.
The Hung Far Low Building was built in 1916 and 1917. The eponymous restaurant was established in 1928 and operated on the second floor until its move to SE 82nd Avenue in 2005. In 2008 building owner Joanne Hong leased part of the building to HFL Project LLC, and the tenants opened Ping Restaurant on the street level in 2009.
Pink Slime Time !! (Tina, the last batch of textured beef) …item 4..Three ‘pink slime’ factories closing after controversy decreases sales (7 May 2012) …
Image by marsmet471
The plant in Amarillo, Texas, the plant in Garden City, Kansas, and the one in Waterloo, Iowa will close on May 25. A plant in South Sioux City, Nebraska, will remain open but run at reduced capacity.
The South Dakota-based company blamed the closures on what it said were unfounded attacks over its lean, finely textured beef.
……..***** All images are copyrighted by their respective authors ……..
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…..item 1)… Mail Online … Daily Mail … www.dailymail.co.uk/news …
‘Pink slime’ company files for bankruptcy amid controversy over the ammonia treated filler
By DAILY MAIL REPORTER
PUBLISHED: 12:09 EST, 2 April 2012 | UPDATED: 12:41 EST, 2 April 2012
www.dailymail.co.uk/news/article-2124098/Pink-slime-compa…
A company that makes ‘pink slime’ products has filed for bankruptcy as the backlash against the controversial beef filler continues.
AFA Foods has announced that it is filing for Chapter 11 bankruptcy protection and selling its assets after the public outcry over the beef substance derailed its efforts to save its already struggling business.
The Pennsylvania-based company processes more than 500 million pounds of ground beef products a year and distribute to retailers including Wal-Mart and Safeways – both supermarkets that no longer sell beef containing ‘pink slime.’
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img code photo …
i.dailymail.co.uk/i/pix/2012/04/02/article-0-1264E5E90000…
‘Pink slime’: AFA Foods, which makes products containing the controversial beef substance known as ‘pink slime’, has filed for bankruptcy
Reuters
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AFA Foods, which also sells products under the brand names Moran’s, Stone River Ranch and Miller Quality Meats, provide beef to customers including Burger King, Wendy’s and Jack in the Box.
More…
…Junk food is not just bad for your waistline… it can give you the blues too
…Snakes on a train! PETA plans to drape fake animals on public transport in campaign against wearing skins
The bankruptcy comes a week after Beef Products Inc, another company which sells ‘pink slime’, announced they were suspending operations at three of four plants where the beef ingredient is made.
Beef Products Inc. have stopped operations at its plants in Texas, Kansas, and Iowa – a move that will affect 650 jobs.
The company’s South Dakota headquarters will continue operations.
Last week the governors of three states toured a Beef Products’ plant to demonstrate their support of the product.
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img code photo …
i.dailymail.co.uk/i/pix/2012/04/02/article-0-1264EAF00000…
Backlash: AFA Foods processes more than 500 million pounds of beef products a year and counts Burger King and Wendy’s among its customers
Reuters
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Former GOP candidate Rick Perry was pictured chomping down on a burger made with the chemically-treated left-over bits of meat during the tour with Kansas Governor Sam Brownback and Iowa’s Terry Branstad.
Federal regulators say the ammonia-treated filler, known in the industry as ‘lean, finely textured beef,’ meets food safety standards.
But critics say the product could be unsafe and is an unappetizing example of industrialized food production.
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img code photo … Texas Governor Rick Perry
i.dailymail.co.uk/i/pix/2012/04/02/article-0-1264CA550000…
Support: Last week Texas Gov. Rick Perry showed his support for Beef Products Inc by tucking into a ‘pink slime’ burger during a tour of one of their plants
AP
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The low-cost ingredient is made from fatty bits of meat left over from other cuts. The bits are heated and spun to remove most of the fat. The lean mix then is compressed into blocks for use in ground meat.
The product is exposed to ammonium hydroxide gas to kill bacteria, such as E. coli and salmonella.
The product has been used for years, but it wasn’t until earlier this month that social media suddenly exploded with worry and an online petition seeking it to be ousted from schools garnered hundreds of thousands of supporters.
The U.S. Department of Agriculture decided to allow school districts to stop using it and some retail chains have pulled products containing it from their shelves.
In the affidavit filed as part of AFA Foods’ bankruptcy, interim CEO Ron Allen said the company’s profits have suffered because of decreasing retail demand, costly customer demands for product testing and growing competition from different types of meat.
AFA Foods had had been pursuing a turnaround strategy to increase sales to retail customers, but Allen said that the ‘unfounded public outcry’ over the use pink slime, known in the industry as lean, finely textured beef strained those efforts.
AFA Foods said it secured million in financing from its lenders to fund operations and expects to continue serving customers throughout the process.
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…..item 2)… Florida Today … www.floridatoday.com … Jeff Parker: Cartoon Caption Contest 4/3
4:56 PM, Apr. 2, 2012
www.floridatoday.com/proart/20120403/columnists0204/12040…|newswell|text|home|p&pagerestricted=1
April 3, 2012 / Jeff Parker, FLORIDA TODAY
FILED UNDER
Columnists
Jeff Parker Cartoons
Pink slime time… Come up with a snarky caption for this cartoon, email it to us, and we’ll sort the best and funniest punchlines from the rest. Then, on the following Monday, we’ll post the winner’s name and caption along with two runners-up here at JPTI as well as in the print edition of FLORIDA TODAY.
Since you’ll be writing for a cartoon, we’ve added the professional feel by setting a deadline for you — please e-mail your entries to us by 4pm Thursday.
In your e-mail message, be sure to include your name and where you live. E-mail: jparker@floridatoday.com
Challenge your office co-workers, friends and families.
Captions submitted as comments will be disqualified.
A few guidelines:
-Please keep your captions clean and libelous-free. Remember, we’re a family newspaper.
-Keep it brief. I know it’s difficult, but bear in mind the funniest cartoons depend on brevity for maximum effect. And since these are editorial cartoons, don’t spare the vinegar.
-Be original. Don’t go for an obvious gag line that 20 other people will come up with.
Most of all, have fun!
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…..item 3A)…. Plot Summary for Soylent Green (1973)
A tale of Earth in despair in 2022. Natural food like fruits, vegetables, and meat among others are now extinct. Earth is overpopulated and New York City has 40 million starving, poverty stricken people. The only way they survive is with water rations and eating a mysterious food called Soylent. A detective investigates the murder of the president of the Soylent company. The truth he uncovers is more disturbing than the Earth in turmoil when he learns the secret ingredient of Soylent Green. Written by Mystic80
MOVIE INFO
Richard Fleischer directed this nightmarish science fiction vision of an over-populated world, based on the novel by Harry Harrison. In 2022, New York City is a town bursting at the seams with a 40-million-plus population. Food is in short supply, and most of the population’s food source comes from synthetics manufactured in local factories — the dinner selections being a choice between Soylent Red, Soylent Yellow, or Soylent Green. When William Simonson (Joseph Cotten), an upper-echelon executive in the Soylent Company, is found murdered, police detective Thorn (Charlton Heston) is sent in to investigate the case. Helping him out researching the case is Thorn’s old friend Sol Roth (Edward G. Robinson, in his final film role). As they investigate the environs of a succession of mad-from-hunger New Yorkers and the luxuriously rich digs of the lucky few, Thorn uncovers the terrible truth about the real ingredients of Soylent Green. ~ Paul Brenner, Rovi
In Theaters: May 9, 1973 Wide
On DVD: Aug 5, 2003
PG, 1 hr. 35 min.
Drama, Mystery & Suspense, Classics, Science Fiction & Fantasy
Directed By: Richard Fleischer
Written By: Harry Harrison, Stanley R. Greenberg
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…..item 3B)…. youtube video … Soylent Green trailer … 3:26 minutes
www.youtube.com/watch?v=SVpN312hYgU
Uploaded by transfofa on Aug 20, 2006
one of the bests sci-fi movies
Category:
Entertainment
Tags:
soylent green trailer science fiction sci-fi movies charlton heston
License:
Standard YouTube License
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…..item 3C)…. youtube video … Soylent Green Euthanasia Scene/Ending (favorite scene) … 6:30 minutes..
www.youtube.com/watch?v=WYTIgcMRdbU
Uploaded by omjeremy on Nov 22, 2010
My Favorite Scene from Soylent Green
Category:
Entertainment
Tags:
Soylent Green Ending
License:
Standard YouTube License
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…..item 4)… Mail Online … Daily Mail … www.dailymail.co.uk/news/ … Three ‘pink slime’ factories closing after controversy decreases sales
By DAILY MAIL REPORTER and ASSOCIATED PRESS
PUBLISHED: 21:27 EST, 7 May 2012 | UPDATED: 22:41 EST, 7 May 2012
www.dailymail.co.uk/news/article-2141064/Three-pink-slime…
Three of the controversial factories that produced the so-called ‘pink slime’ that disgusted the nation will close later this month.
Roughly 650 jobs will be lost when the plants in Texas, Kansas and Iowa are closed by parent company Beef Products Inc. in light of poor sales.
The plant in Amarillo, Texas, the plant in Garden City, Kansas, and the one in Waterloo, Iowa will close on May 25. A plant in South Sioux City, Nebraska, will remain open but run at reduced capacity.
The South Dakota-based company blamed the closures on what it said were unfounded attacks over its lean, finely textured beef.
During its processing, bits of beef are heated and treated with a small amount of ammonia to kill bacteria. The filler has been used for years and meets federal food safety standards.
But the company suspended operations at the three plants in March amid public uproar over the filler.
BPI has declined to discuss financial details, but has said it took a ‘substantial’ hit after social media exploded with worry over the product and an online petition seeking its ouster from schools drew hundreds of thousands of supporters.
More…
…America’s ever expanding waistline: 42 per cent of population obese by 2030 (and it is costing billions)
…Vodka company cashes in on violence with bottle mapping San Diego’s notorious gangs
The U.S. Department of Agriculture has decided that school districts may stop using it, and some retail chains have pulled products containing it from their shelves.
Company officials had hoped to recover but have since realized that doing so wasn’t possible in the near future.
‘We will continue communicating the benefits of BPI’s lean beef, but that process is much more difficult than (countering) the campaign to spread misinformation that brought us to this point,’ company spokesman Rich Jochum said in a statement.
State executives who have supported the company blamed what they considered a smear campaign against the product, which has drawn scrutiny even though they and industry officials insist that it’s safe.
‘This is a sad day for the state of Iowa,’ said Iowa Governor Terry Branstad.
‘The fact that a false, misleading smear campaign can destroy a company’s reputation overnight should disturb us all.’
The Republican governor said the workers will ‘go home to their families and will soon be without a job, all because some media on the coasts decided to unfairly and viciously smear the product they so proudly produced.’
The phrase ‘pink slime,’ coined by a federal microbiologist, has appeared in the media at least since a critical 2009 New York Times report.
Celebrity chef Jamie Oliver has railed against it, and it made headlines after McDonald’s and other major chains discontinued their use last year.
But a recent piece by The Daily on the USDA’s purchase of meat that included ‘pink slime’ for school lunches touched a nerve with a Texas blogger who focuses on kids’ food.
She started an online petition asking U.S. Agriculture Secretary Tom Vilsack to halt its use in school food, and the USDA will give schools the option of choosing ground beef that doesn’t contain it starting in the fall.
Nebraska Governor Dave Heineman called the plant closings ‘unfortunate and needless,’ and said the product BPI produced is safe for consumption.
‘BPI is a good family-owned business, and we will continue to work with them in an effort to continue to promote their safe and healthy beef,’ Mr Heineman said.
Several politicians who toured one of the plants in March – including Mr Branstad, Texas governor Rick Perry, Kansas governor Sam Brownback, Nebraska lieutenant governor Rick Sheehy and South Dakota lieutenant governor Matt Michels- all agreed with the industry view that the beef has been unfairly maligned and mislabelled.
The public backlash against the product offers an important lesson to other food makers in the social-media age, said Marion Nestle, a nutrition and food-studies professor at New York University.
She noted that past food controversies, such as criticism of trans fats, took years to surface as major public issues, whereas social media enabled the campaign against ‘pink slime’ to quickly attract widespread public attention.
Ms Nestle also said BPI misinterpreted the public concern as a food-safety issue, instead of recognizing that critics were focused on not knowing what was added to their food and the belief that they were deceived.
‘It’s always sad when people are put out of work,’ Ms Nestle said.
‘But this company, they could have handled the whole situation differently. … They were faced with a public relations disaster of really astonishing proportions.’
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Beware of “No Closing Costs” Mortgages
Video highlights a the dirtly little secrets in the mortgage industry about how a “no closing costs” loan can cost you thousands of dollars. Be sure to visit: www.MortgageInsiderSecrets2008.com for our free report and complete details on how you can save thousands on your next mortgage or refinance.
Video Rating: 0 / 5
Categories: Closing Costs Financing Tags: Beware, closing, costs, Mortgages
Cool Financing Closing Costs images
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OBAMACARE WATCH: MORE DARKNESS THAN LIGHT AND OF COURSE TAXES AND PENALTYS
Image by SS&SS
There are 1,018 pages of the Health Care Reform Bill and it really has some frightening provisions in it. I never thought I would see euthanasia addressed in print, but it’s here, Please be read the following highlights:
I have highlighted some very troubling and downright scary provisions written into this Health Care Reform Bill. What we hear on the television via our President is just a few conditions that may sound reasonable or even good on the surface, but buried within these 1,018 pages are dark secrets everyone needs to know.
On Page 30 Sec 123 of HC bill – THERE WILL BE A GOVERNMENT COMMITTEE that decides what treatments/benefits you get!
Continue reading, the following excerpts, they contain far more information on what kind of care you may or may not get!
PG 85 Line 7 HC Bill – Specifics for and of Benefit Levels for Plans = The Government will ration your Health-care!
PG 85 Line 7 HC Bill – Specifics of Benefit Levels 4 Plans. #AARP members – Your Health care WILL be rationed.
PG 272 SEC. 1145. TREATMENT OF CERTAIN CANCERS/ HOSPITALS – Cancer patients – welcome to rationing! Only the mildest cases will receive treatment! Those with the highest survival rates!
Page 280 Sec 1151 The Govt will penalize hospitals for what the Government deems preventable re admissions. This means you will not be admitted when you should!
Pg 298 Lines 9-11 Doctors if you treat a patient during initial admission to a Hospital that results in a readmission- The Government will penalize you. This means patients will not be admitted when they should!
Pg335 L 16-25 Pg 336-339 – Government mandates the establishment of outcome based measures. HC the way they want! Rationing on the basis of how sick you are! If you have Cancer and MIGHT die in 6 months with or without treatment, do you really think they are going to spend money and resources on the chance that you MIGHT live?
Pg 354 Sec 1177 – Government will RESTRICT enrollment of Special needs people! Can you say no health-care for the the Disabled!
PG 425 Lines 22-25, 426 Lines 1-3 Government will provide you with an approved list of end of life resources, guiding you in death! Can you say Euthanasia! They will not help you to live, but they will be kind enough to help you to die!
PG 427 Lines 15-24 Government mandates a program for the orders for the end of life. The Government has a say in how our life ends! An order can be made to withhold life sustaining care from us!
Pg 429 Lines 1-9 An "advanced care planning consultation" will be used frequently as a patients health deteriorates! This sounds like a bully tactic to make sure Euthanasia is used!
PG 429 Lines 10-12 "advanced care consultation" may include an ORDER for end of life plans. AN ORDER from the GOVERNMENT!
Pg 429 Lines 13-25 – The government will specify which Doctors can write an end of life order. They can decide for you!
PG 430 Lines 11-15 The Government will decide what level of treatment you will have at the end of your life! I do not know about you, but I would like to decide for myself what treatment I want at the end of my life!
Now a few other provisions that need to be pointed out!
PG 50 Section 152 in HC bill – HC will be provided to ALL non US citizens, illegal or otherwise! But wait, not to our Special Needs people? How in God’s name is this happening?
Pg 58HC Bill – Government will have real-time access to individuals finances & a National ID Health card will be issued! Fantastic now the government really controls our money! HMMM, National ID Health card—Mark of the beast?????? Ok that might be far fetched, but how far?
Pg 59 HC Bill lines 21-24 Government will have direct access to your banks accounts for electronic funds transfers. Just what I want! They can take what they want, when they want!
PG 65 Sec 164 is a payoff subsidized plan for retirees and their families in Unions & community organizations (ACORN).
Pg 72 Lines 8-14 Government is creating an HC Exchange to bring private HC plans under Government control. Why not, they are screwing up everything else!
PG 84 Sec 203 HC bill – Government mandates ALL benefit packages for private HC plans be in the Exchange. The Government controlling the Private Sector!
PG 91 Lines 4-7 HC Bill – Government mandates linguistic appropriate services. Example – Translation for illegal aliens! But there is no money in the plan for life sustaining treatment for my stage 4 Lymphatic Cancer stricken Uncle! Only Euthanasia for him!
-PG 102 Lines 12-18 HC Bill – Medicaid Eligible Individuals will be automatically enrolled in Medicaid. No choice!
pg 124 lines 24-25 HC No company can sue the GOVERNMENT on price fixing. No "judicial review" against Govt Monopoly! Too much power and no way to fight it!
pg 127 Lines 1-16 HC Bill – Doctors/ #AMA – The Government will tell YOU what you as a Doctor can make!
Pg 145 Line 15-17 An Employer MUST auto enroll employees into public opt plan. NO CHOICE! What happened to being able to keep your private insurance!!!!!!!
Pg 126 Lines 22-25 Employers MUST pay for HC for part time employees AND their families. Health-care is needed for everyone this is true, but there are some small businesses that are barely making it now, If they are forced to pay for employee and family insurance it will force business closures. I have a friend who owns one of these businesses and he would love to help out his employees by offering health-care but he just can’t do it!
Pg 149 Lines 16-24 ANY Employer with payroll 400k & above who does not provide pub opt. pays 8% tax on all payroll.
pg 150 Lines 9-13 Any business with payroll between 251k & 400k who doesn’t provide pub. opt pays 2-6% tax on all payroll.
Pg 167 Lines 18-23 ANY individual who doesn’t have acceptable HC according to the Government will be taxed 2.5% of their income.
Pg 170 Lines 1-3 HC Bill Any NONRESIDENT Alien is exempt from individual taxes. (Americans will pay)! I would like someone to explain why we always have to pay for them!
Pg 195 HC Bill -Officers & employees of HC Admin (GOVERNMENT) will have access to ALL Americans financial/personal records! INVASION OF OUR PRIVACY!
There is so much more to read, I can only scratch the surface of this repugnant Health-Care Scam! It is total government take over of our lives. The will literally have in their hands the decision of whether we live or die. President Obama has committed a reprehensible act by signing this so called Health-Care Bill. This is not Health-Care Reform, it is the destruction of the private sector and human life.
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OH AND DID I MENTION TAXES………AND PENALTY’S
There has never been any rhyme or reason to this administration other than redistribution of wealth, socialism and inserting cradle-to-grave control. Using Health care as an excuse for seizing control of accounts and businesses is just one strategy. Obama has also planned all along to use the ‘environment’ i.e. Cap and Trade to take even more. This will do more than take. It will flatten American business and destroy our sick economy. Who cares what the American people think and what the constitution says! We are just in the way…..take, take, take.
I was forwarded this latest tax scheme by Van Hipp, President of American Defense International and the former Deputy Secretary of the Army under Bush senior and Ronald Reagan. He recommended the well known accountant and expert witness on tax matters, Paul Guppy who wrote a commentary on the various hidden taxes in the Spokesman Review paper, “Health Law’s Heavy impact.”
Starting in 2013, not only will you pay the closing costs and real estate fee when you sell your house but now you will pay a 3.8% Sales Tax. So, if you sell your home for 0,000, perhaps wanting to down size if you are a senior you will pay ,200 in Tax.
Here we have another assault on our seniors again. Many downsize their homes as retirement comes closer, so along with long lines and rationed care that is substandard, seniors and anyone will have to pay more tax on the home they just sold.
Penalties for individuals: We will pay 2.5% of our annual income as a fine/penalty if we don’t purchase the government approved health care plan.
Penalties on families: Parents will pay a yearly 7 per kid if they don’t purchase a government approved health care plan.
Penalties on employers: If you are a business with 50 or more employers you will get fined at least ,000 per employee if you don’t provide, once again the ‘government approved health care plan.
Other special taxes and fees:
Investment income: Anyone making 0,000 or over gets to pay 3.8% of their annual investment income. Start adding up them apples, folks.
If you have a fancy health care plan and pay as an individual, ,200 or ,800 for a family, you get to pay a 40% annual tax on those health care plans.
Medical aid devices have gotten hit hard as well. They will see a 2.9% tax hike. Sorry if you have an artificial limb….you are screwed.
Medicare gets more money because if you earn 0,000 or more you pay a special Medicare tax of 3.9.%
Then there is the 10% tax on tanning….on and on. Perhaps you should consider an ‘Albino’ beauty treatment.
This Health care bill is nothing but an orgy of controls, tax schemes and rationed care. Now add Real Estate tax to the ridiculous list.
Why do I need to pay more closing costs with a lower interest rate?
Question by <3 Chrissy: Why do I need to pay more closing costs with a lower interest rate?
My lender created 3 scenarios that estimate the amount of closing costs, each with a different interest rate. The lowest interest rate created the highest $ $ amount at closing. The highest interest rate created the lowest $ $ amount at closing. There is about $ 2000 difference between these two.
Why?
Best answer:
Answer by GVD
Because each day, there is an associated cost to acquire each interest rate. When people ask “what is your rate today?”, the correct answer should be “Any rate you want.” For example:
4.375% = .5% (Called half a point)
4.5%% = No points
4.625% = YSP (Yield Spread Premium and pays back .5%)
4.75% = YSP pays back 1%
These are just examples and not necessarily accurate based on todays rates.
In the above scenario, if you selected 4.375% you would have to pay half a point (.5%) of the loan amount to get this rate on top of your other closing costs. If you selected 4.5% there are no points to get this rate and it’s called a “par” rate. If you selected 4.625% you would get .5% of the loan amount rebated to you to go towards closing costs, so your overall costs would be less. If you selected 4.75%, you would get a fill 1% (1 point) rebated to you to offset other closing costs. Choosing which rate works best depends on your long and short term goals. Paying points to lower rate may be a good move when staying long term while using YSP to your advantage and lowering closing costs can be an effective short term strategy.
As of January 1, 2010 all YSP is to be rebated to the consumer so you need to be careful who you work with and make sure you understand how this works. Many unscrupulous loan officers may try to keep this YSP as their compensation so always get a 2nd opinion on your quotes and ask a lot of questions.
Give your answer to this question below!
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Newsweek Magazine (February 16, 2009) … Lenders Add Bigger Fannie, Freddie Fee – Thanks to Payroll Tax Cut (January 15, 2012) …
Image by marsmet526
The increase in the mortgage fee is to pay for the roughly billion package the Senate approved last month to extend a 2 percentage point payroll tax cut for another two months. About 160 million people benefit from that tax
…….***** All images are copyrighted by their respective authors ……..
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…..item 1)…. eCreditDaily … ecreditdaily.com … Your Resource for Financial Empowerment
Lenders Add Bigger Fannie, Freddie Fee – Thanks to Payroll Tax Cut
01.15.2012 by Staff
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img code photo … mortgage-financing
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Lenders are already adding an increase in fees on mortgages backed by Fannie Mae, Freddie Mac and the Federal Housing Administration to new loans – a hike that will pay for the extension of the payroll tax cut.
The fee increase of 0.1 of a percentage point is to be added to all loans that Fannie and Freddie buy from April 1 to Oct. 1, 2021.
But lenders are already adding the increased fee to loan price structuring since it can take months to close a loan and deliver it to the two mortgage-financing companies taken over by the U.S. government three years ago.
The increase in the mortgage fee is to pay for the roughly billion package the Senate approved last month to extend a 2 percentage point payroll tax cut for another two months. About 160 million people benefit from that tax cut.
But the mortgage fee increase is good for the life of new mortgages and refinancing – about 90 percent of U.S. mortgages are financed or backed by the government-sponsored companies. Existing mortgages are not affected.
“Think of it as a back-door tax increase,” writes Peter G. Miller, a syndicated real estate writer and operator of OurBroker.com. “While the public was watching the payroll debate in Washington, Congress was actually increasing the cost to finance or refinance a home.”
The Fannie/Freddie fee would rise about 0.1 percent to an average of 0.3 percentage point. It would amount to about a month more on a 0,000 mortgage – that’s 0 a year.
Congress has also directed the FHA to increase its annual mortgage insurance premium by .10 percent – from 1.15 percent to 1.25 percent for most borrowers.
Homeowners would have the fee increases worked into their mortgage.
The mortgage providers would then send that additional revenue to the U.S. Treasury, which already extends an open credit line to Fannie and Freddie to cover quarterly losses. That bailout tab is expected to reach 0 billion this year.
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What type of loan has the lowest closing costs?
Question by : What type of loan has the lowest closing costs?
Conventional
CA
FHA
or
Cal-vet
Best answer:
Answer by GVD
A conventional loan has the lowest closing costs because there is no Funding Fee as in a VA loan and no Up Front Mortgage Insurance Premium as in an FHA loan. This is not to say that a conventional loan is always better. There are advantages to all and each person’s situation is different. Speak to your loan officer and have them prepare different options for you to look at; they should explain which would fit you best and why.
What do you think? Answer below!
How To Lower Your Closing Costs Down To Near Zero – video 3
This important video shows different ways to lower your closing costs to the least amount. Review the other two videos first to get the full impact of what flexibility you have using this financing. Although Half Percent Down Payment specific, most of these techniques apply to most other home loans. Available only in California.
Video Rating: 0 / 5
Buying or selling a house? Spend two minutes understanding all of the costs that show up on the paperwork at the settlement meeting. Video covers closing costs from financing, public records and title companies. Sponsored by Federal Title & Escrow Company www.federaltitle.com
Video Rating: 5 / 5
Closing Costs ? 4 Tips to Save Money the Next Time You Get a Mortgage
Did you ever wonder if the closing costs your mortgage broker proposes can be lowered? Whether you have or not, this article will provide you with 4 ways easy to minimize your closing costs.
1. Examine your Good Faith Estimate and make sure you understand what each fee is for. Seems straightforward but many people do not do it. Sometimes, they do it long after the fact. You must do it before. Preferably a few days before, not minutes before.
You should always get your closing costs estimates on the Good Faith Estimate form. It’s a standardized way of showing you what fees you are going to be charged. Since it’s standardized, you can easily compare one mortgage brokerage’s closing costs estimates with those of another.
The closing costs are finalized on HUD-1, a form that you should have in your hands and inspect (compare it against the Good Faith Estimate form) several days before the closing.
2. Now that you understand what all the fees are for, make sure you don’t have there fees that you’ve already paid and are not given credit for that. Maybe you paid the appraisal fee upfront. This fee is part of your closing costs and it should be on the Good Faith Estimate as having been already paid if you did, indeed, already paid it.
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3. Mortgage brokers (lenders too) have a number of third parties they have to work with to make a mortgage loan happen. Some, like title companies, they choose. Others, like the city and county you chose when you chose your home. Though there’s nothing you can do about the county or city fees, it doesn’t mean you have to pay the other fees. For instance, if you have a title company that is reliable and willing to charge you less, work with that company.
4. ‘Lender’s Inspection Fee,’ ‘Commitment Fee’ and other such fees. Some exist only so that the mortgage broker or lender makes more money. Others exist so they don’t waste time with tire kickers. Make sure all such fees are absent or waived if there’s a closing.
Until May 2011, mortgage brokers and lenders are still allowed to charge you a yield-spread premium. That’s the extra fee they get from the bank (lender) if they get you into a mortgage with a higher interest rate than the ‘wholesale’ rate you qualify for. Mortgage brokers (unlike banks) have to report this extra fee if they get it. Make sure to look for it.
The only time you should be paying extra is if the mortgage broker is going to use the fee to lower your interest rate (buy down the rate) or to pay your closing costs with it.
Refinance closing costs are lower than the closing costs for a first mortgage. They still run into the thousands, you can still overpay by a few hundreds. Make sure you understand what you’re paying and that the HUD1 form and the Good Faith Estimate form are in agreement.
Iani Varga and his partner, expert Chicago mortgage brokers run Eurobank Mortgage Corporation (Glenview, IL). They take people from looking at Chicago mortgage rates and get them best mortgage for them.
Article from articlesbase.com
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Slovenia: The country of crony capitalism ! Slovenija: Država pajdaškega kapitalizma.
Image by Miran Rijavec
Idejni članek: Intervju z Egonom Zakrajškom (Egon Zakrajšek) iz ameriškega FED-a o usodi Slovenije in drugem.
The source article and idea was an interview with Mr. Egon Zakrajšek in Slovenian financial daily Finance. Egon Zakrajšek works for American FED so he is undoubtedly credible about told.
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www.finance.si: Interview …
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The link : Crony capitalism … (from the encyclopedia.thefreedictionary.com)
Crony capitalism
Crony capitalism is a term describing an allegedly capitalist economy in which success in business depends on close relationships between businesspeople and government officials. It may be exhibited by favoritism in the distribution of legal permits, government grants, special tax breaks, and so forth.
Crony capitalism is believed to arise when political cronyism spills over into the business world; self-serving friendships and family ties between businessmen and the government influence the economy and society to the extent that it corrupts public-serving economic and political ideals.
Crony capitalism in practice
Transparency International’s overview of the index of perception of corruption, 2007
In its lightest form, crony capitalism consists of collusion among market players. While perhaps lightly competing against each other, they will present a unified front to the government in requesting subsidies or aid (sometimes called a trade association or industry trade group). Newcomers to a market may find it difficult to find loans or acquire shelf space to sell their product; in technological fields, they may be accused of infringing on patents that the established competitors never invoke against each other. Distribution networks will refuse to aid the entrant. That said, there will still be competitors who "crack" the system when the legal barriers are light, especially where the old guard has become inefficient and is failing to meet the needs of the market. Of course, some of these upstarts may then join with the established networks to help deter any other new competitors. Examples of this have been argued to include the keiretsu of post-war Japan, the chaebol of South Korea, and the powerful families who control much of the investment in Latin America.
Crony capitalism is generally associated with more virulent government intervention, however. Intentionally ambiguous laws and regulations are common in such systems. Taken strictly, such laws would greatly impede practically all business; in practice, they are only erratically enforced. The specter of having such laws suddenly brought down upon a business provides incentive to stay in the good graces of political officials. Troublesome rivals who have overstepped their bounds can have the laws suddenly enforced against them, leading to fines or even jail time.
States often said to exhibit crony capitalism include the People’s Republic of China; India, especially up to the early 1990s when manufacturing was strictly controlled by the government (the "Licence Raj"); Indonesia; Argentina;[1] Brazil; Malaysia; Russia;[2] and most other ex-Eastern Bloc states. Critics claim that government connections are almost indispensable to business success in these countries. Wu Jinglian, one of China’s leading economists[3] and a longtime champion of its transition to free markets, says that it faces two starkly contrasting futures: a market economy under the rule of law or crony capitalism.[4]
Cronyism in sections of an economy
More direct government involvement can lead to specific areas of crony capitalism, even if the economy as a whole may be healthy. Governments will, often in good faith, establish government agencies to regulate an industry. However, the members of an industry have a very strong interest in the actions of a regulatory body, while the rest of the citizenry are only lightly affected. As a result, it is not uncommon for current industry players to gain control of the "watchdog" and use it against competitors. This phenomenon is known as regulatory capture. A famous early example in the United States would be the Interstate Commerce Commission, which was established in 1887 to regulate the railroad "robber barons"; instead, it quickly became controlled by the railroads, which set up a permit system that was used to deny access to new entrants and functionally legalized price fixing.[5] An example from 2004 would be the case of Creekstone Farms. After the mad cow scare, Creekstone decided to test all its cows for mad cow disease. This would enable them to sell again to Japan, which had blocked import of all American beef that had not been completely tested. After the proper facilities had been built and the personnel hired to make such a change, the U.S. Department of Agriculture issued an injunction and refused to allow Creekstone to buy the kits necessary to test.[6] This allowed the larger beef producers to keep costs low and not be out-competed by a smaller rival. Creekstone sued the USDA in response for abrogating free competition in the market. Economist Paul Krugman commented that the incident showed that "the imperatives of crony capitalism trump[ed] professed faith in free markets," at least for the Department of Agriculture at the time.[7]
The military-industrial complex in the United States is often described as an example of crony capitalism in an industry. Connections with The Pentagon and lobbyists in Washington are described by critics as more important than actual competition, due to the political and secretive nature of defense contracts. In the Airbus-Boeing WTO dispute, Airbus (which receives outright subsidies from European governments) has stated Boeing receives similar subsidies, which are hidden as inefficient defense contracts.[8] In another example, Bechtel, claiming that it should have had a chance to bid for certain contracts, said Halliburton had received no-bid contracts due to having cronies in the Bush administration.
Gerald P. O’Driscoll, former vice president at the Federal Reserve Bank of Dallas, stated that Fannie Mae and Freddie Mac became examples of crony capitalism. Government backing let Fannie and Freddie dominate mortgage underwriting. "The politicians created the mortgage giants, which then returned some of the profits to the pols – sometimes directly, as campaign funds; sometimes as "contributions" to favored constituents."[9]
Creation of crony capitalism in developing economies
In its worst form, crony capitalism can devolve into simple corruption, where any pretense of a free market is dispensed with. Bribes to government officials are considered de rigueur and tax evasion is common; this is seen in many parts of Africa, for instance. This is sometimes called plutocracy (rule by wealth) or kleptocracy (rule by theft).
Corrupt governments may favor one set of business owners who have close ties to the government over others. This may also be done with racial, religious, or ethnic favoritsm; for instance, Alawites in Syria have a disproportionate share of power in the government and business there. (President Assad is an Alawite.) This can be explained by considering personal relationships as a social network. As government and business leaders try to accomplish various things, they naturally turn to other powerful people for support in their endeavors. These people form hubs in the network. In a developing country those hubs may be very few, thus concentrating economic and political power in a small interlocking group.
Normally, this will be untenable to maintain in business; new entrants will affect the market. However, if business and government are entwined, then the government can maintain the small-hub network.
Political viewpoints
Critics of capitalism including socialists and other anti-capitalists often assert that crony capitalism is the inevitable result of any capitalist system. Jane Jacobs described it as a natural consequence of collusion between those managing power and trade, while Noam Chomsky has argued that the word "crony" is superfluous when describing capitalism.[10] Since businesses make money and money leads to political power, business will inevitably use their power to influence governments. Much of the impetus behind campaign finance reform in the United States and in other countries is an attempt to prevent economic power being used to take political power.
Capitalists oppose crony capitalism as well, but consider it an aberration brought on by governmental favors incompatible with a true free market. Sometimes it is referred to as "state corporatism." In this view, crony capitalism is the result of an excess of socialist-style interference in the market, which requires active corporate lobbying to reduce red tape. In fact, some have advocated use of the term "crony socialism" instead to emphasize that the only way to run a profitable business in such systems is to have help from corrupt government officials. These advocates point to the higher levels of interaction between corporations and governments that are considered more socialist, taken to its maximum in the form of nationalization of industries. Even if the initial regulation was well-intentioned (to curb actual abuses), and even if the initial lobbying by corporations was well-intentioned (to reduce illogical regulations), the mixture of business and government eventually proves poisonous.[citation needed] In his book The Myth of the Robber Barons, Burton W. Folsom, Jr. distinguished those that engage in crony capitalism—designated by him "political entrepreneurs"—from those who compete in the marketplace without special aid from government, whom he calls "market entrepreneurs."
Socialist economists have criticized the term as an ideologically motivated attempt to cast what is in their view the fundamental problems of capitalism as avoidable irregularities. The term "crony capitalism" made its first significant impact in the public arena as an explanation of the Asian financial crisis. This explanation is frequently dismissed as apologetics for failures of neoliberal policy and more fundamental weaknesses of market allocation. According to socialist economist Robin Hahnel,
IMF officials Michel Camdessus and Stanley Fischer were quick to explain that the afflicted economies had only themselves to blame. Crony capitalism, lack of transparency, accounting procedures not up to international standards, and weak-kneed politicians too quick to spend and too afraid to tax were the problems according to IMF and US Treasury Department officials. The fact that the afflicted economies had been held up as paragons of virtue and IMF/World Bank success stories only a year before, the fact that neoliberalism’s only success story had been the Newly Industrialized Countries (NIC’s) who were now in the tank, and the fact that the IMF and Treasury department story just didn’t fit the facts since the afflicted economies were no more rife with crony capitalism, lack of transparency, and weak-willed politicians than dozens of other economies untouched by the Asian financial crisis, simply did not matter.[11]
For full article click the link above, at the beginning of this stolen article!
Thank you my beloved encyclopedia.thefreedictionary.com.
Japan’s Debt Time-Bomb Tools .. Japan Shows How to Defuse Debt Time-Bomb (May 27, 2011) ….
Image by marsmet462
The first Great Depression led to totalitarian dictatorships, war to consolidate power, and concentrations of capital in the hands of a financial elite. The trigger was a default on the global reserve currency, in that case the pound sterling. The U.S. dollar is now the global reserve currency. The concern is that default could create the same sort of global panic today. Dark visions are evoked of the president declaring a national emergency, FEMA plans locking into place, camps being readied for protesters, and the secret government taking over . . . .
…..item 1)…..The Huffington Post …www.huffingtonpost.com….HUFFPOST BUSINESS…Japan Shows How to Defuse Debt Time-Bomb
Posted: 05/27/11 05:00 PM ET
Ellen Brown
Civil litigation attorney; author of "Web of Debt"
www.huffingtonpost.com/ellen-brown/inviting-chaos-the-per…
[T]hreatening to default should not be a partisan issue. In view of all the hazards it entails, one wonders why any responsible person would even flirt with the idea.
– Alan S. Blinder, Princeton professor of economics, former vice chairman of the Federal Reserve
A game of Russian roulette is being played with the national debt ceiling. Fire the wrong chamber of the gun, and the result could be the second Great Depression.
The first Great Depression led to totalitarian dictatorships, war to consolidate power, and concentrations of capital in the hands of a financial elite. The trigger was a default on the global reserve currency, in that case the pound sterling. The U.S. dollar is now the global reserve currency. The concern is that default could create the same sort of global panic today. Dark visions are evoked of the president declaring a national emergency, FEMA plans locking into place, camps being readied for protesters, and the secret government taking over . . . .
This may all just be political theater, but do we really want to get close enough to the economic precipice to find out? The conservative ideologues toying with the debt ceiling are doing it to force cuts in the budget, a budget that was already approved by Congress. Congress is being held hostage by a radical minority pushing a risky agenda, one that is based on an economic model that is obsolete.
High-stakes Gambling
On May 16, the Wall Street Journal published an opinion piece titled "The Armaggedon Lobby," which claimed that a "technical default" on the federal debt was just "political melodrama" and not really a big deal:
[B]ond markets can figure out the difference between a genuine default when a country can’t pay its bills and a technical default of a few days if it serves the purpose of fixing America’s fiscal mess. Not so, said Saudi Prince Alwaleed bin Talal in a May 20 interview on CNBC. "That’s gambling. This is the United States. You’re leading the whole world. You cannot play games with that."
It is not just that the government could be brought to a standstill, with a third of its bills now being paid by borrowing or that interest rates would shoot up, forcing thousands of homeowners into foreclosure. Failure to pay on the national debt could trigger a default on the global reserve currency. As one commentator described what could go wrong:
[T]he consequences of a US default could spark yet another global financial crisis. The US could lose its triple-A rating, which could cause a sell-off in Treasury notes by institutional and foreign investors. This sell-off could lead to higher interest rates, and banks’ balance sheets might be decimated by the decline in their bond portfolios. Thus, global banking and financial market liquidity could dry up. Lending between institutions and people or businesses could possibly cease altogether or become cost prohibitive.
A Rerun of 1931?
The sort of chaos that could ensue was seen when Great Britain reneged on its deal to redeem pound sterling banknotes in gold in 1931. The result was the worst global depression in history.
When the pound went off the gold standard, markets panicked. People rushed to exchange their paper money for gold, in any currencies in which that was still possible. The gold wound up hidden under mattresses and in safety deposit boxes, unspent and the banks from which it was pulled, having no reserves to back their loans, quit lending or closed their doors. Credit froze; business ground to a halt.
As other countries ran short of gold, they too were forced to take their currencies off the gold standard. The last holdouts suffered the most, including the United States, which kept its gold window open until 1933.
The 19th century had been plagued by bank runs, caused by banks having too little gold to back their outstanding loans. The Federal Reserve was instituted in 1913 ostensibly to prevent those runs, but its levee did not hold back the run of the 1930s. In 1933, the country suffered a massive banking collapse, forcing President Roosevelt to declare a banking holiday and take the U.S. dollar, too, off the gold standard.
Freed from the Bankers’ "Cross of Gold"
The transition off the gold standard was a painful one but according to Beardsley Ruml, Chairman of the Federal Reserve Bank of New York, the country was the better for it. In a paper read before the American Bar Association in 1946, he said that going off the gold standard had finally allowed the country to be economically sovereign:
Final freedom from the domestic money market exists for every sovereign national state where there exists an institution which functions in the manner of a modern central bank, and whose currency is not convertible into gold or into some other commodity.
Freed from the strictures of gold, Roosevelt was able to jump-start the economy with deficit spending. As Marshall Auerback details, the next four years constituted the biggest cyclical boom in U.S. economic history. Real GDP grew at a 12% rate and nominal GDP grew at a 14% rate.
Then in 1937, Roosevelt listened to the deficit hawks of his day and slashed the deficit. The result was a surge in unemployment, and the economy slipped back into depression.
What lifted the country out of the doldrums was again deficit spending, liberally engaged in to fund World War II. In wartime, few people worry about the national debt. The debt grew to 120% of GDP — twice what it is today — and wound up sustaining another very productive period in U.S. history, one that set the country up to lead the world in manufacturing for the next half century.
On Inflation and Taxes
Ruml said federal taxes were no longer needed to fund the budget, which could be financed by issuing bonds. The principal purpose of taxes, he said, was "the maintenance of a dollar which has stable purchasing power over the years. Sometimes this purpose is stated as ‘the avoidance of inflation.’"
The government could spend as needed to meet its budget, drawing on credit issued by its own central bank. It could do this until price inflation indicated a weakened purchasing power of the currency. Then, and only then, would the money supply need to be contracted with taxes.
"The dollars the government spends become purchasing power in the hands of the people who have received them," Ruml said. "The dollars the government takes by taxes cannot be spent by the people," so the money supply can be contracted with taxes as needed.
When the economy is in a recession, however — as it is now — the government needs to spend in order to get purchasing power into the hands of the people. Businesses cannot hire more workers until they have more customers demanding their products, and the customers won’t come until they have money to spend. The money ("demand") must come first. Adding money will not drive up prices until the economy is at full employment. Before that, increasing "demand" will drive up "supply" by setting the engines of production in motion. When supply and demand rise together, prices remain stable.
We now know that a government can go quite far into debt without a dangerous level of price inflation occurring — much farther than the U.S. has gone today. Besides World War II, when U.S. debt was 120% of GDP, there is the remarkable example of Japan. Japan has retained its status as the world’s third largest economy, although it has a debt to GDP ratio of 226% — and it is still fighting deflation.
Critics of the deflationary theory point to commodity prices, which are soaring today. But if those prices were due to the economy being awash with "too much money chasing too few goods," real estate prices would be soaring too. Instead, the real estate market has collapsed. What has actually happened is that the housing bubble has transmuted into the commodity bubble, as "hot money" has fled from one to the other. The overall money supply is still in decline.
The deficit hawks have been predicting for years that the federal debt would sink the dollar and the economy, and it hasn’t happened yet. In fact the federal debt has not been paid off since 1835, and no disaster has resulted. The debt has not only been carried on the government’s books but has continued to grow, and the economy has grown and flourished along with it.
This is not an economic anomaly. The economy has flourished because of the national debt. Nothing backs the currency today but "the full faith and credit of the United States." Money is no longer a metal; it is an inflow and outflow, credits and debits. The liabilities of the government are the assets of the private economy. The national debt is what backs the money supply.
Dealing with the Rising Cost of Debt Service
There is a potential time bomb in a growing federal debt, but it is one that can be defused. The debt has risen from trillion to trillion just since the banking crisis of 2008, not from "entitlements" but due to the Wall Street collapse and bailout. Just the interest on this growing debt could cripple the tax base if interest rates were at normal levels, so they have had to be pushed almost to zero. The result has been to create a dollar carry trade. This has facilitated speculation in commodities, a major cause of today’s commodity bubbles.
There is, however, a solution to this problem, and it was discovered by Japan. The government can spend, not by issuing bonds at interest to the public, but simply by creating an overdraft at the central bank, as Beardsley Ruml recommended. The Bank of Japan now holds an amount of public debt equal to the country’s GDP! As noted by the Center for Economic and Policy Research:
Interest on [Japanese] debt held by the central bank is refunded back to the treasury, leaving no net cost to the government on this debt. . . . Japan continues to experience deflation, in spite of the fact that its central bank holds an amount of debt that is roughly equal to its GDP. This would be equivalent to the Fed holding trillion in debt.
Like the Bank of Japan, the Federal Reserve now returns the interest it receives to the government. With a rising interest tab on the federal debt no longer a problem, private interest rates could be allowed to rise to normal levels.
Today the Fed is not permitted to buy bonds directly from the Treasury but must go through middleman bond dealers. But that problem too could be fixed. In a supporting statement in 1947, Federal Reserve Chairman Marriner Eccles discussed a bill to eliminate the unnecessary cost of these middlemen. He said the Federal Reserve had been allowed to purchase securities directly from the government from its inception in 1914 until the Banking Act of 1935. Then:
A provision was inserted in that act requiring all purchases of government securities by Federal Reserve banks to be made in the open market, which means purchased chiefly from dealers in Government bonds. Those who inserted this proviso were motivated by the mistaken theory that it would help to prevent deficit financing. . . .
Nothing constructive would be accomplished by the proviso that the Reserve System must purchase Government securities exclusively in the open market. About all such a ban means is that in making such purchases a commission has to be paid to Government bond dealers.
The interest cost and the bond dealers’ cut could both be eliminated by allowing the Treasury to borrow directly from its own central bank, interest free.
Nothing to Fear But Fear Itself
We have been frightened into believing that government debt is a bad thing, but nearly all money today originates as debt. As Marriner Eccles observed in the 1930s, "That is what our money system is. If there were no debts in our money system, there wouldn’t be any money."
The public debt is the people’s money, and today the people are coming up short. Shrinking the public debt means shrinking more than just the services the government is expected to provide. It means shrinking the money supply itself, along with the ability to provide the jobs, wages and purchasing power necessary for a thriving economy.
Originally posted on Asia Times.
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Costs of Refinancing Options Close – Refinance Closing Cost
The low rates of mortgage loans today are tempted many homeowners to explore the possibility of refinancing. However, some lenders stopped short, to make the study of costs of cancellation, if you have no money for closing costs.
Yet, instead of giving to the refinancing, consumers should discuss your options with several lenders.
There are three ways to meet the costs of closing the mortgage loans:
1 .- To pay the closing costs in cash.
2 .- Include closing costs in the new loan.
3 .- Work with the lender at a special price.
How to deal with balancing the costs on loan
Some financial institutions believe that the personal loans, mortgage loans and conventional loans usually allow all closing costs to be financed in the loan amount, provided the new loan amount does not exceed the net value of the home.
Lenders generally want consumers to borrow 80% or less the current value of the house, including adding the closing costs on the scale. Some loan programs allow consumers to borrow 95 percent or 97 per cent of the value of the house.
The most important step in the process – no cost refi – is to find out how much value in the property. If the value is there and borrowers have sufficient capital, then you can simply roll the closing costs into the new mortgage.
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Borrowers are willing to add a few thousand extra dollars to the loan balance in exchange for a lower interest rate and, by extension, lower monthly payments.
Adding closing costs to the loan balance does not significantly increase the monthly payments, because payments for these costs are distributed in 15 or 30 years depending on the type of loan.
Premium prices. Pricing premium is another possible option for borrowers who lack cash for closing costs. With a special price, lenders pay for closing costs by charging a slightly higher rate mortgage. This is sometimes referred to as “no cost refi” loans.
In a true “no cost refi” loan, the borrower will pay a slightly higher interest rate as 5.25% instead of 5.125%. The lender will take the additional premium obtained by the higher rate and credit back to the borrower at closing to cover closing costs.
However, borrowers should be careful because some lenders use the term “no cost refinancing” in a misleading way.
Many lenders advertise “no cost refinance, but what we’re talking about is to wrap the closing costs into the loan, is fairly typical for adjustment costs on the loan, provided that the capital is there, but this form of act is not a refinance “no cost refinancing.”
http://treelending7.com/no-closing-cost-refinance-basics-no-cost-refi.html
Article from articlesbase.com
Categories: Closing Costs Financing Tags: Close., closing, Cost**, costs, Options, REFINANCE, refinancing