Monthly Archives: November 2004

Michael Parenti — The Functions of Fascism 1/3

24

FUNCTIONS OF FASCISM! Parenti says that tyranny is a pseudo-revolutionary passage that serves the same ancient power structure and promises to decipher the ills of the many while really protecting the interests of the few. He answers in detail who financed the Fascist parties and what services the fascists rendered in return. Many of the measures enacted by fascists were frighteningly similar to those enacted today: They include the privatization of state owned enterprises, reduction of …

Loan Modifications Vs. Refinance- 866-60-MODIFY!

Reply

www.firstloanadvice.com A loan modification is when the lender modifies your current mortgage in order to work with you because of a hardship. The purpose is to help make your loan more affordable. Usually it is in the form of a rate reduction and fixing the rate for a certain amount of time. In the past this was only used when a borrower was incorrect and suffered a hardship such as a job loss, divorce, illness etc. Now borrowers can obtain mortgage help from their lender for unaffordable …

Refinancing a Mortgage with an Already Low Interest Rate?

11
refinancing

I have a 30yr fixed 4.93% interest on my 140k home, I currently owe 130k. My monthly mortgage is $1.116. If I refinance, according to numerous sources, I can lower my monthly bill to the 700-800 range. How is this possible if I would be refinancing at a higher interest rate, around 6%? With my fixed low rate, is there any reason besides a catastrophic event to refinance?
The $1116 monthly payment includes all insurances and taxes. We did 100% financing, and had to come up with about 2k for closing costs. We’ve had this mortgage for 3 1/2 years.