Refinancing may refer to the replacement of an existing debt obligation with a debt obligation under different terms. The terms and conditions of refinancing may vary widely by country, province, or state, based on several economic factors such as, inherent risk, projected risk, political stability of a nation, currency stability, banking regulations, borrower's credit worthiness, and credit rating of a nation. In many industrialized nations, a common form of refinancing is for a place of primary residency mortgage. If the replacement of debt occurs under financial distress, refinancing might be referred to as debt restructuring. A loan (debt) might be refinanced for various reasons: To take advantage of a better interest rate (a reduced monthly payment or a reduced term) To consolidate other debt(s) into one loan (a potentially longer/shorter term contingent on interest rate differential and fees) To reduce the monthly repayment amount (often for a longer term, contingent on interest rate differential and fees) To reduce or alter risk (e.g. switching from a variable-rate to a fixed-rate loan) To free up cash (often for a longer term, contingent on interest rate differential and fees) Refinancing for reasons 2, 3, and 5 are usually undertaken by borrowers who are in financial difficulty in order to reduce their monthly repayment obligations, with the penalty that they will take longer to pay off their debt. In the context of personal (as opposed to corporate) finance, refinancing multiple debts makes management of the debt easier. If high-interest debt, such as credit card debt, is consolidated into the home mortgage, the borrower is able to pay off the remaining debt at mortgage rates over a longer period. For home mortgages in the United States, there may be tax advantages available with refinancing, particularly if one does not pay Alternative Minimum Tax.
e, operating separately from Goodlatte's committee, has been working behind the scenes on a sweeping bill expected to be similar to what the Senate is considering. Goodlatte said he will be interested to see what that group produces but hasn't determined how his committee might approach it. He also said that while he's decided to begin with hearings on individual bills, there's been no decision on how to approach voting on any legislation or when to hold a vote.And whatever Goodlatte's committee does, final decisions on the approach in the House will be made by Speaker John Boehner, R-Ohio, who's avoided taking any public stance so far on how to move forward. Boehner issued a brief statement through a spokesman Thursday commending both Goodlatte and the bipartisan House working group on immigration "for their continuing work on this complex and important issue."
d others that Russian officials contacted the U.S. government at least twice in 2011 with concerns about Tsarnaev, the Chechen who two years later would carry out last week's deadly bombing of the Boston Marathon, as an example of an instance that merits further investigation."In a string of apparent intelligence-sharing lapses, Tamerlan Tsarnaev was able to slip through the cracks and carry out this devastating attack," the senators said.Authorities suspect Tsarnaev, 26, and his younger brother, Dzhokhar Tsarnaev, of using improvised explosives to kill and maim runners and spectators near the finish line of the Boston Marathon. Three people were killed and more than 200 injured in the April 15 attack.Tamerlan Tsarnaev was killed days later in a shootout with police. His 19-year-old brother escaped but was captured alive Friday night and now faces a charge of use of a weapon of mass destruction that could carry the death penalty.The brothers immigrated to the United States about a decade ago with their family. Dzhokhar Tsarnaev became a U.S. citizen last year, but Tamerlan had not yet earned citizenship.Senators, after being briefed on the case Tuesday, said the U.S. government had "multiple contacts" with Russia about the older Boston bombing suspect, but those lawmakers wouldn't offer any more details.Fox News was told the FBI tried to determine if Tsarnaev had any ties to terrorism, but those efforts apparently proved inconclusive."W
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