Q8 Loser

When person rents a car, the automobile rental companies throw the tenant accountable under the rental understanding for damage to their car. They offer a Damage Release at an extra cost. This Damage Release is not insurance, but a contractual understanding between the tenant and rental company. If a release is not purchased, it is of import to reexamine your ain automobile policy to determine if any extension of coverage applies. Also, set up how the liability coverage afforded by your policy uses in the event you are at fault in an accident with the rented vehicle. In California, you are required to have got auto insurance regardless of whether you are driving your ain car or if you are renting one.

Rental car agencies make supply broad range of auto insurance coverage and it would not be prudent to blindly choose rental car insurance as every policy offers its individual advantages under peculiar situations. You should analyze each policy so offered and judge it against the demands you have. It would be prudent to discourse the policy with the car rental agent, rather than just read the summary over the website.

Sometimes you are not required to purchase any car rental insurance because you are already covered by your car insurance. Usually, your coverage makes stay the same with a rented car as it would if you would be drive your ain vehicle. Also, you could be covered by auto insurance coverage under your credit cards. You should check with your credit card company about the coverage to which you are entitled.

Before you lease a vehicle, check the financial and insurance duty you will face, and happen out how these would be covered by your ain auto insurance. In lawsuit you make need to exert your insurance policy and recognize that certain facet is not currently covered, you should check if it would be covered under other insurance policies.

According to California’s premium rating law, every insurance company is permitted to determine its own rates based on its past loss experience and expenses. In view of the fact that every company’s experience is different, although they are within the identical geographic region, the rates will be different as a result.

By calling a few companies for rate comparisons, people can find the cheapest policy and possibly save hundreds of dollars a year. Shoppers will also have an opportunity to select the company that offers the most accessible price and coverage to match their personal requirements.

There are various sources people can call to assess policies and premiums. A good starting place could be the local telephone directory. The Internet can provide names and telephone numbers for independent insurance brokers/agents, company agents, direct writers, and web sites.

It is vital to get quotes from numerous companies. People may not recognize it, but the insurance rates they pay for their car can differ considerably based on the insurance company they select. Consumers should always evaluate many companies before coming to a decision on a policy.

If someone has trouble finding a company that will insure them, they can always contact certain insurance companies that specialize in high-risk drivers. People should be vigilant when they decide to buy insurance from one of these companies. It is important to carefully read each eligibility requirements and the monthly rates as they may vary vastly from one provider to the other. Obtaining liability coverage through the California Automobile Assigned Risk Plan (CAARP) is another option.

The plan operates by accepting the application and turning over it to an insurance company. Every insurance company licensed in the state is obliged to accept CAARP applicants. The quantity of CAARP applicants insured depends on the insurance company’s market share. The rates used by the plan are the same regardless of which insurance company issues the policy.

California law necessitates that drivers have got got grounds of auto insurance if they are driving their ain car or person else’s. People who have a vehicle but don’t drive it are still obligated to have auto insurance in California.

California’s Compulsory Financial Duty Law necessitates all drivers and proprietors of an automobile to be financially responsible for their actions. The statutory minimum bounds of liability insurance in California are that the individual responsible for an accident that consequences in the death or injury of one individual is apt for $15,000, or $30,000 if there are multiple injuries in one accident. The responsible political party is apt for $5,000 of property damage for any 1 accident.

There are four techniques to recognize financial responsibility, including coverage by a motor vehicle or automobile liability insurance policy, a cash sedimentation of $35,000 with the Department of Motor Vehicles (DMV), a certification of self-insurance issued by DMV to proprietors of fleets of more than than 25 vehicles, or a surety chemical bond for $35,000 obtained from an insurance company licensed to make business in California.

When a vehicle is in an accident for which the driver is established as a legally liable, bodily injury liability covers their liability to others for injuries to them, whereas property damage liability covers their liability for damage to person else’s property.

All California drivers and proprietors need to have got at least the statutory bounds of minimum liability insurance or an approved replacement method to counterbalance for injury or property damage they may convey about. Penalties are extremely rough for nonconformity with this section of the vehicle code. Comprehensive coverage (other than collision), uninsured motorist, medical payments, and hit insurance are not required by law but can be a good investment.

It is a good thought for consumers to shop around for car insurance. People can salvage 100s of dollars a twelvemonth by getting quotes from different companies. Car insurance quotes are easier to come up by than ever before. In the past, people had to fill up out paperwork, mail it in, and wait for a response to get a quote, but now quotes are available in a matter of proceedings either over the phone or on the Internet. There are numerous beginnings accessible to consumers today that tin supply them with a quote instantaneously.

It is wise to take advantage of free California auto insurance quotes on the Internet. Hundreds of insurance companies currently supply their services through the web, allowing shoppers to get quotes easily and without stress. People who still purchase their auto insurance from an agent could possibly be losing out on the best deals.

People no longer have got to sit down and wait in long lines at their local insurance agent’s office to purchase a policy or do changes to an existent account. They can do all their determinations online, from paying measures to adding another driver to their policy, and it shouldn't take longer than a few minutes. The Internet allows policyholders to access their policy and do minor changes without ever having to talk to an agent.

Moreover, people can utilize their free California auto insurance quotes to happen out more than about the credits presented to drivers with good ratings. From simple carpool options to low mileage credit, safe drivers could be given a grant on their policy. It can also be a good thought for a consumer to package up their insurance policies, meaning that they should seek to utilize the same supplier for other cars in the household and any home insurance policy they may have. It could assist salvage more than than just couple of dollars from their monthly bill.

Californians are currently able to procure low cost, reduced bounds automobile liability coverage. The California Low Cost Automobile Insurance Program (CLCAIP) is a new programme that rans into the financial duty laws of the State of California. These policies are accessible to competent citizens living in the counties of Los Angeles and San Francisco. To qualify, you need have got a certain household income, driving record (the number of accidents and violations), and vehicle purchased value.

The electors of California enacted Proposition 103 (Prop.103) into law in November of 1988. Prop. 103 gives numerous consumer protections associated to purchasing and maintaining automobile insurance. Given below are some of the major commissariat of Prop. 103 that protect your rights as an insurance consumer.

Prop.103 recognized a legal verbal description of a ""Good Driver"" in this state. A Good Driver is person who have been licensed for at least three sequent old age and have no more than than one point on their drive record. Certain major misdemeanors may be considered for time periods of seven years, such as as a DUI (Driving under the Influence) conviction.

All automobile insurance companies licensed in California are required to tender coverage for Good Drivers. If you are a Good Driver and you are denied the chance to purchase insurance from the company of your choice, then you can reach the California Department of Insurance for additional action. Also, it is important to observe that your rates as a Good Driver should be lower by at least 20% to regular rates.

It also established new criteria that determine an insurer’s ability to call off or non-renew your policy. There are only three alkalis on which an automobile policy can be canceled/non-renewed erstwhile it is issued: fraud/material misrepresentation, non-payment of the premium, or significant addition in the jeopardy insured against.

If you have a home based business, you must be aware that you are required to take out a separate insurance for you home based business apart from your home insurance. If you usage your vehicle for your home-based business, you necessitate separate insurance for car because your regular car insurance would not cover your commercial use.

The first thing you would have got to make is contact you insurance company, agent, or broker. They would assist you determine if your car usage would necessitate commercial auto insurance. To determine this, the insurance agent will inquire about your drive practices. The agent will inquire how frequently you utilize the vehicle for work and if employees also utilize it. People who frequently utilize the vehicle for business usage and who allow employees utilize it should get commercial auto insurance.

So what makes commercial auto insurance cover? Essentially, it will tender you the similar kind of coverage that your individual policy tenders. Liability, collision, comprehensive, personal injury, and uninsured motorist coverage are all criterion characteristics of your commercial auto insurance policy. Nonetheless, if your staff drives their personal vehicles for your business, you can get a “non-owned” blurb to your commercial auto insurance for their vehicles. It would be prudent to sit down down and negociate all the inside information with your insurance agent with sees to the coverage you want.

You make not have got to be loyal to your current insurance company. Before deciding up on an insurance policy, do certain you get couple of insurance quotes from different insurance companies. Always compare terms and degrees of coverage provided.

Don’t take up any insurance policy without conducting a background check of the insurance company. You will also need to check the financial stableness of the companies you are taking into consideration, so confirm with A.M. Best, Fitch, or Standard and Poor’s to do certain you commercial auto insurance company is well rated. Lastly, verify with your state insurance section to happen out consumer ailment ratios and get recommendations from other business owners.

The secret disclosed on how you too could accomplish financial freedom through property (and state the pension companies just where to lodge their measly, worthless ‘pensions’) Geoff Esther Morris is a self-made property millionaire who made it in less than 18 calendar months even with a feverish 'day job'. He have written a series of articles to assist people like you accomplish the same degrees of success – as long as you are willing to ‘Go For It!’

Many people these years are getting more than than and more concerned as they near retirement age. Even those in their late mid-twenties are beginning to go concerned about the personal effects of old age. What have brought on such as a quandary in those so young? It is the predicament of the pensions in this country that is causing this concern?

Probably.

But there is a solution to all this that could not only take this fear, but also dramatically better the lifestyle of all concerned.

What is this solution?

Most people are brought up to believe that their chief end in life is to have got got got got their ain house, and have fully paid for it by the clip they retire.

Why?

What is the point in just scrimping and scraping throughout your workings life only to have to sell your house and move down market, or worse still, sell up and rent, while you just seek and do ends ran into on a pitifully small press release from the State?

As soon as you have bought your first house, you should be thought about purchasing your second and your third, and your fourth…..

“What on Earth for” , volition be the rejoinder of most of you, “ we can only just afford the repayments on the first one, allow alone purchase any more”

Let’s expression at the manner most people purchase a house, and then allows expression at some option methods.

The usual manner of acquiring a house is to set down a large sedimentation – somewhere in the part of 10 – 15%, which on an average £200,000 house will compare to around £30,000.

The adjacent path is to take out a repayment mortgage over a fixed term, state 15 to 25 years, where you will be paying a combination of interest on the outstanding loan, as well as repaying the capital.

On top of this, most people will take out some other financial facility, such as as an endowment policy coupled with a life insurance policy for the time period of the mortgage, so at the end of the mortgage term, they will not only ain the house outright, but also have a lump sum. Not a very large lump sum, as a batch of the insurance insurance premiums would have got got got gone towards the life screen purchased.

Now, we have all seen how endowments have failed terribly of late owed to overoptimistic performance, so there is no warrant that the above path wil green goods anything other than a enormous financial drainage on this individual for a very large time period of their lives, and with no existent program for their hereafter except ownership of a house, a small endowment, and probably a ridiculously low pension to maintain them going in their retirement years.

However, there is another way. Interested? Then read on….

Let’s expression at a totally different scenario, where the couple looking to purchase their first house took specializer advice from one of the more than reputable property baseball clubs that are around. These baseball clubs are admittedly usually aimed at property investors, but isn’t that what we all should be?

Now, let’s take our illustration of the £200,000 dreaming house for our hopeful house buyers. They see a development of dreaming houses by one of the nationally recognised house builders. Bash you believe they could carry the developers to pay the 15% sedimentation for them? On their ain – not a chance, but if our aspirants travel via one of these property clubs, the opportunities are that the developer would now be willing to pay the 15% arsenic a ‘gift’.

I can see your expression now. “Not A chance” you say. But it makes happen, and we can arrange introductions to make this possible.

So, you now have got got bought your house, and instead of having to happen £30,000 deposit, aluminum you have to do is get your self a mortgage.

Now, when you travel into a house, especially in your early years, the opportunity of you staying there for the term of the mortgage is very unlikely. You may change jobs; you may desire to travel to a different area, or there may be many other ground why you will desire to travel within a few years. So, the house you have got bought is only a impermanent residence, and you could almost handle it as a rental property – but with one large large difference.

Whether you paid the deposit, or whether you got this ‘gifted’ sedimentation from the developers, this money, this equity in the property is YOURS. And not only that, it is a historical fact that house prices, given time, will always increase.

So as this is a ‘temporary’ abode, why travel for a mortgage that includes a repayment component in it? Why not travel for what is known as an interest only mortgage? What this is then is a loan where you never pay back any of the rule of the loan, but only the interest on it. You will have got to pay back the capital at the end of the term, but we will be showing you how easy that tin be achieved a small spot later.

Your state of affairs now is that you are paying the barest minimum mortgage repayment, but are also sitting on a considerable amount of INCREASIING equity! You make not have got to pay for an expensive endowment policy, although a life policy may well give your other one-half a comfortableness blanket.

But now look at another effect, which is called ‘Leverage’. With a no-money down feather deal, the leverage is enormous, but see the lawsuit where you bought a £200,000 house and set a 10% (£20,000) sedimentation down on it. If the house travels up in value by 10% the equity in your house will have got increased by some £20,000. Now, your initial investing was £20,000, so you will have got DOUBLED your investing in 12 months. Not bad huh! Try doing that at your local Bank, or even if you dare, the Stock Market!

So, let’s state house terms went up by just 5% per annum over the adjacent 2 years. This would intend an addition in your equity (equity being the difference between the value of your house and the amount of the mortgage on it). This would intend you now owned an extra £10,000 after the first twelvemonth (5% of £200,000) and £21,000 after the second twelvemonth (5% of £210,000 + £10,000 from the former year). This would intend that your house was now deserving £221,000, of which you now owned (£221.000 - £170,000) which come ups to some £55,100.

Wow! £55 Thousand that belongs to you!

Now, let’s make something with this money!

With a good clean credit record after the last 2 old age (assuming you had no defaults on your mortgage payments) you could now refinance your house. You could travel to your existent lender (if you have got a punishment time period in your mortgage), or you could travel to any other lender and negociate up to 90% (subject to your financial status) of THE new value OF YOUR HOUSE.

90% of £221,000 is £198,900. So you can let go of nearly £30,000 out of the equity in your house. And the best thing about this money is it is totally tax free! No capital additions to pay and no income tax! If you don’t believe me, talk to an accountant.

Many people have got got in fact done this, but have then spent the money on new cars, boats, holidays and the like, but once the money is spent in this fashion, it is gone for ever.

But how about if you went and bought another house, this clip as an investing property?

You never know, your friendly developer may be persuaded to give you another talented deposit, in which lawsuit you could purchase respective more than houses (your lone disbursal being legal fees, broker’s fees, and postage duty, which on a £200,000 property would come up to around £5,000). In this case, with your £30,000 you could purchase another 6 houses!

But how make you travel about purchasing all of these houses? And how, if they all have got £170,000 mortgages on them are you ever going to ran into the repayments. Assuming an interest rate of 5%, that would be about £700 per property per month! £4,200 per calendar month mortgage! Heaven forbid. How would you kip at nighttime with that degree of debt to your name?

Some old age ago this would have got been impossible as there was no existent financial system that would enable an individual to make this. However, now, you can get what is known as a ‘Buy To Let’ mortgage, where lenders will usually impart up to 85% of the property in question, as long as the awaited rental income will cover the repayments , plus a bit. The ‘plus A bit’ be givens to change from lender to lender, but you can very quickly get an reply from lenders on whether they will ran into the loan. Also, if you are going to get a ‘gifted deposit’, there are only a few lenders who will offer 85% of the listing price, so once again, you will need to utilize a property baseball club or a broker who is used to this situation.

So, you are now the lucky proprietor of 6 investing properties, as well as your ain house.

You also have got got a committedness to pay 6 investing mortgages as well, and we totalled that as being some £4,200 a month!

But – you don’t desire to have to pay that make you? No! You get tenants in, who very kindly pay the mortgage for you (plus a spot for your pocket and 10% Oregon thereabouts for a managing agent to look after the tenants). You can also take out insurances to cover loss of rent, damage, legal fees on disputes, so it is eminently possible for you to go an ‘armchair’ investor landlord.

However, you now ain 6 investing houses, not one. You have got already seen how equity can construct up in your ain house. So let’s look at each of your investing properties.

If each property was deserving £200,000, and you got a 15% talented sedimentation on each one, you are already looking at an equity of some £30,000 in each unit.

If each property increased in value by just 5% per annum, that’s £10,000 from every unit.

Just look what you would be gaining. You would now ain a property portfolio of 6 investing places worth £1.200,000 of which you would have got instant equity of around £180,000, and this would be increasing (at just 5%) of some £60,000 every year. Without combination this increase, if you sold all of your investing places after 10 years, you would walk away with well over THREE living quarters OF A million POUNDS!

So, make you still believe that – whatever the cost – your chief aim in life is to pay off your mortgage?

By all means, have got got this purpose – but lone after you have made so many other additions that you can really afford this luxury.

This is just one in a series of enlightening intelligence articles issued by Geoff Morris.

Others include:

• “How to generate an income in extra of £30,000 per annum without leaving your Day Job” • “How to profit from Off-Plan property purchases and what pitfalls to watch out for” • “How to utilize a SIPP (Self Investing Pension fund) to turn your portfolio and protect it from the Tax-Man!’’

Other articles can be viewed by just signing up to his property investing page at www.propertyprofits4you.com

An estimated 30% of new car owners have upside down car loans – loans where one owes more than what the car is valued at. However, even used car owners can have this problem. While refinancing won’t solve all your problems, it can help make your payments more manageable.

Start by checking out your current loan rates and terms. Then you can compare car loan lenders to see what deals you can find. After that, it is just a matter of picking terms and doing the paperwork.

Check Your Current Loan Rates And Terms

It is a good idea to look at your current car’s loan rates and terms to see what you have. This will give you a target rate that you want to fall under. Also, check to see if there are any early payment fees.

Besides looking at your rates, figure how long you have left on your auto loan. You can select a new loan with approximately the same pay off date or extend the terms for a lower monthly payment.

Compare Car Loan Lenders

Finding the best refinance offer is a matter of searching for the right lender. Luckily, you can use the internet to save yourself some time. Using a broker site will let you collect rate quotes in minutes. Or you can go to individual financing company sites and look at their rates.

Either way, you want to compare their APR. That way you won’t get caught paying high fees for a low rate.

Pick Better Terms

While you are searching for rates, also plan on picking better loan terms for your budget. Selecting a loan for the same period you have left on your old loan will keep you on track for the pay off date. It will also help you get out of the upside down loan situation sooner.

However, a longer loan of five to seven years will lower your monthly payments immediately. The tradeoff is that your interest costs will be higher.

No matter what type of loan terms you choose, don’t hesitate to start your loan paperwork once you have selected the right lender. Quotes aren’t locked in until you start signing paperwork. The sooner you refinance, the more money you can start saving on your monthly payment.

There are respective grounds why you should see refinancing your second mortgage. If you have got a home loan, your options for acquiring extra cash are many. In fact, if you have got got a second mortgage, you have likely taken advantage of one method for getting a large sum of money of money for necessary home improvements, debt consolidation, etc. The interest rate and terms received on 2nd mortgages will depend on your credit. Fortunately, if you received unfavourable terms, a refinancing may be in your best interest

Reasons to Refinance 2nd Mortgage

In most cases, homeowners apply for a second mortgage because they are in need of extra money. Getting approved for a personal bank loan is very difficult. Thus, 2nd mortgages are more than attractive because the loans are practically guaranteed. A 2nd mortgage is secured by your home's equity, which do lenders comfy and more than eager to impart the funds.

Of course, getting approved for a 2nd mortgage will not always vouch the best loan rates and terms. If you applied for a 2nd mortgage loan with poor credit, your quote likely included a higher interest rate. Perhaps two points above current market rates. The primary ground why many homeowners take to refinance their 2nd mortgage is to have a better interest rate. Better rates intend lower payments, which will salvage you thousands throughout the continuance of the loan.

Before applying for a second mortgage refinancing, check your personal credit report to guarantee that your credit score have improved. Lenders will also reexamine this score to determine whether you are a premier campaigner for a low rate refinancing. If your credit score have not improved, prorogue applying for a refinancing.

Refinance and Eliminate High Interest Debt

Homeowners also take to refinance their 2nd mortgage in order to final payment high interest credit card balances and other loans. A 2nd mortgage is ideal for debt consolidation. Sadly, after eliminating high interest balances using the finances received from a second mortgage, some consumers get further debt. In this instance, refinancing a 2nd mortgage and receiving cash-out will supply you with the finances needed to eliminate newly acquired debt.

There have never been a better clip to refinance your mortgage. Interest rates are at all clip low degrees and you could potentially salvage 10s of thousands of dollars over the life of your loan when you refinance at a lower interest rate. Keep in head that it is not necessary for you to refinance your mortgage through the same lender who currently services your loan.

Lenders are offering refinance loans up to 125% of the value of your home. You could lower your monthly payments and have got cash left over for bills, college, your dreaming vacation, or any intent you wish. Compare the interest on your current mortgage with some of the particular rates being offered by lenders across the country.

Each lender you contact should provide you with shutting information, including costs, the interest rate in which you may measure up for, any tax deductions that may be involved, and the amount of loan you measure up for. You will desire to do an informed determination in choosing a lender to refinance your mortgage, so do certain you garner all the information possible.

A lender must provide you with a written statement of the costs involved in refinancing your mortgage. Brand certain you understand the terms of any loan before you sign. Refinancing your mortgage could be the best determination you ever do if you take carefully and understand the procedure completely.

Mortgage refinance loans are first-class ways to eliminate debts, lower your monthly payments, and get extra cash for home repairs and other projects. When you compare lenders and the loan merchandises they offer, you tin take the loan that is right for you and your situation.

The low interest rates that are available can only function to salvage you thousands of dollars over the life of your mortgage and assist you construct a solid financial foundation for your family.

Let’s say, for example, you add $100 to your normal monthly mortgage payment. This do your loan balance at the end of the calendar month $100 less than it would have got been without the extra payment. In the calendar months that follow, you salvage the interest on that $100 that you otherwise would have got got paid.

Since the interest payment that you would have made is determined by the interest rate on your mortgage, the output on your $100 investing is equal to that rate. A prepayment penalty, however, would reduce the yield.

Always do certain your loan makes not punish you for paying early.

To determine whether paying more than principal is a good investment, the interest rate should be compared to the output on option investings having minimum risk. Why? There is zero hazard on loan repayment.

If your mortgage rate is 6 percent and the option output is a 3 percent earned in a nest egg account, for example, your hereafter wealthiness will be greater if you utilize your surplus income to refund chief rather than putting it in the bank. After any period, the reduction in the loan balance would be greater than the addition in the bank account.

If you can safely do a greater tax return elsewhere, though, put your money there instead of paying down your mortgage.

Before making any determination on your financial hereafter do certain you see the numbers in achromatic and achromatic and get printouts of all your different scenarios.

Oh, the joyousnesses of being a home owner. You finally get that great fixed rate 30 twelvemonth mortgage at 8.5% and 2 old age later...Interest rates plummet. Mortgages are now going for 5.25% and suddenly your 8.5% rate doesn't look so good.

Welcome to refinancing hell.

While the above may look like an unfastened and close lawsuit of "do it or you're nuts not to" it isn't always that simple. There's a short ton of mulct print, traps, concealed costs and the mortgage itself. Sometimes refinancing brands sense and sometimes it can blow up in your human face if you're not careful. When refinancing your mortgage you basically have got 2 options. Either a fixed rate mortgage or a variable rate mortgage. In almost all cases the variable rate mortgage you can get at any given point in clip will be lower than the fixed rate mortgage you can get at that same point in time.

But there are things you have got to watch out for or you can get royally hosed. For starters, a variable rate mortgage is just that. Variable. Your 5.25% rate can quickly travel up to the 8.5% rate you had when you first got your mortgage. Add to that the fact that you're now paying out your mortgage over a longer clip period of time, since refinancing sets your start day of the month back to zero, you stop up paying more than money in the long run.

Then there are the traps that you have got to look out for. One is issue and postponed constitution fees. This is a set amount equivalent to respective calendar months interest or a percentage of the original amount borrowed if you pay out the loading early. Oh yes, early payment punishments can kill you. Constitution fees for new loans tin be as much as $800 or more.

Then there are other costs like postage duty, legal and property evaluation costs that can be as much as $1000 or more.

Then there is the mulct black and white of your variable rate. Some of these, which they name "teaser rates" only apply for a certain length of clip and after that clip travel throughs the rate you pay can actually go up higher than the original rate you paid before refinancing.

Tthe thing that most people don't recognize is that a refinancing is just like a financing. You have got to fold on the house again. You have got to make a termite review and everything else you did on your first financing. That includes all the lawyer’s costs. Yes, he gets his piece of this pie as well.

The best manner to get the most out of your refinancing is to follow these simple pieces of advice.

Get a price reduction broker. This is a great manner of economy as much as $1000 on a $300,000 loan

Another thing you tin make is state your original lender the rate that you've been offered and give him a opportunity to fit it.

Look for specials such as as zero application fees with new loans.

Refinancing can be a great money rescuer or a royal hurting in the rear that can blow up in your face. Brand certain you read ALL the mulct print. Brand certain you cognize exactly how much you will salvage over the course of study of the loan compared to what you're paying with your current mortgage. Get a financial advisor if you have got to. It could intend the difference between economy thousands or losing thousands.