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This site server as a global professional referral service , as well as a community information portal.

Picking an Employee Benefit Plan Auditor is a daughnting task, unless you can find a professional referral. We have a frim that can help you in all your audit and tax needs and make the process of auditing your Benefit Plan less painful.

Give us a call to find a firm serving your area in the following areas:

ERISA Auditor ERISA Specialist and TAX Audits call us.

SOX Auditor Sarbanes - OXLEY and SECTION 404 professional.

Not For Profit Auditor NON-Profit corporations, religious non-profit and nonprofit buinsesses need special treatment by a professional non-profit auditing firm.

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Obama mortgage refinancing 2010 - A general overview

If you’re facing hardship to make payments towards your mortgage, you can opt to go for a mortgage refinance. Refinancing your existing loan will give you a unique chance to save more money, lower monthly expenditures and save your home from foreclosure.

If you go for a refinance, you can readjust the terms and conditions of repayment on your current mortgage. You can have a lower interest rate, shorten your loan term, renegotiate on the principal amount, convert your adjustable rate mortgage to a fixed term and vice versa, etc.  

Reasons to opt for refinancing

You can opt for refinancing for the reasons mentioned below:

·        If you find that the current interest rate in the market is lower than that of your mortgage, you can go for a refinance, to have a new loan with lower interest rate.

·        If your home equity has become more than 20%, you can go for a refinance and stop paying towards private mortgage insurance.

·        If you need some extra money to repair your home or fund your children’s education, you can take this loan.  

·        With a refinance loan, you can pay off your multiple debts like, credit card bills, student loans, etc.

Eligibility criteria to get a refinance loan

To get approval for a mortgage refinance, you need to have the following criteria:

·        Your current mortgage should not exceed 105% (and in certain cases 110%), of the existing market value of your property.

·        You must be an employee and have not become self-employed in the last 2 years.

·        Due to general economic conditions in the housing market, your property has lost its value.

·        You need to provide proof that you have recently suffered a loss in your income, due to some valid reason. 

Verbal communication with your mortgage finance company can help you get started in the right direction.

Advantages of the new refinance loan plan

Some benefits of the new refinance loan plan are as follows:

·        You will be able to get lower interest  rates

·        You will not have to pay anything extra towards closing costs

·        You will have lower, affordable monthly payments

New features in mortgage refinancing in 2010

President Obama has introduced a new mortgage refinancing and modification plan, known as Obama’s Stimulus Plan, to help the home buyers who are facing financial hardship with their mortgage repayment. This plan intends to help the borrowers, by lowering their monthly payments and saving their homes from being foreclosed.

The mortgage rate for a 30-year fixed rate will be between 4.75%-5.25%. The lenders will not be able to charge you for a Rate and Term refinance. Even if some lenders may do so, their rates will be minimal. However, the expiry date of the program was on June 10, 2010. Under this new program, there is no option for refinancing for borrowers having second mortgage and also there is no option for cash out refinance.

Shopping every 6 months to a year for a new home owners insurance policy can help you reduce your escrow in turn giving you cash back or a reduction in mortgage payments.