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What Is Mortgage Recasting? | Mortgages and Advice
News

What Is Mortgage Recasting? | Mortgages and Advice

Homeowners looking to lower their monthly mortgage payments often consider refinancing, but a loan recast could be the better choice in some cases. Mortgage recasting involves paying off a large portion of your principal and then the lender adjusting your payment schedule based on the remaining lower balance. A recast reduces your monthly payments and total interest charges, and it is simpler than a refinance.What Is Mortgage Recasting?A mortgage recast, or loan recast, is an arrangement with your lender or loan servicer to apply a large amount of cash toward your principal. The lender then recalculates your mortgage payments based on the new lower balance. The recast will naturally lower your payments, and you won't need a new loan with new terms."It's becoming popular again for two re...
China Will Keep Forex Market Steady in H2
News

China Will Keep Forex Market Steady in H2

BEIJING (Reuters) - China will keep its foreign exchange markets steady in the second half of this year and will safeguard the country's economic and financial security, the foreign exchange regulator said on Friday.China will also improve capital management of foreign investors' investments in the domestic bond market and strengthen risk supervision and risk response of cross-border capital flows, the State Administration of Foreign Exchange said in a statement after a meeting on foreign exchange management operations.(Reporting by Beijing Newsroom; Editing by Jacqueline Wong)Copyright 2022 Thomson Reuters. Source link
Liberty Offers Flexible Solutions to Business Tax Debt
Business

Liberty Offers Flexible Solutions to Business Tax Debt

MELBOURNE, Australia, July 29, 2022 (GLOBE NEWSWIRE) -- According to CPA Australia, the Australian Tax Office (ATO) has recently resumed its debt recovery activities after a two-year pause in response to COVID-19. The small business market alone reportedly owes $12.5 billion, and the ATO has written to more than 80,000 businesses encouraging taxpayers to resolve their debts. While many banks will not refinance tax debt, there are still ways to repay tax debt - including with the help of business loans. According to Liberty's Head of Communications Heidi Armstrong, lenders such as Liberty can help business owners find the right loan to support their tax debt repayments. "If you're a business owner who has received a repayment notice, you might consider consolidating your debt a...