Often called a “streamline” refinance,
an IRRRL may help you to:

• Lower your monthly mortgage payment
  by getting you a lower interest rate, or
• Make your monthly payments more stable
  by moving from a loan with an
  adjustable or variable/adjustable interest rate
  to a fixed rate over the life of the loan.
  
  The fixed interest rate is beneficial in times
  like now with higher than desired inflation,
  and the Federal Reserve adjusting monetary policy
  to manipulate the levers of our economy.
  All this in an effort to smooth out the
  high and low peaks and valleys
  that naturally exist with the economy.
  Cause and effect relationships that drive changes
  in the metrics gauging the performance of the economy,
  and the ways to throttle the metrics with
  things like interest rate increases to curb inflation.
  This increase counters inflation by causing money
  to be more difficult to obtain
  based on the cost benefit of credit loans.
  
  • In reality, we may see an increase with income tax revenues due to the cost benefit of loans being nullified by higher interest rates than what the wealthy would pay in taxes. Of course, interest rates must reach much higher than current levels for this to happen. Near-zero interest rates are widely exploited by the uber wealthy because interest rates run well below any effective tax rates. By taking a ‘loan’ they are not showing taxable income, so the funds
    received with the loan only experience that near-zero ‘tax’ rate that low interest rates provide. This is one method of the
    extremely rich to limit their tax liability to nearly nothing.
  • The limiting of their tax liability to almost zero, greatly impacts tax revenues going to US and state governments, while these
    wealthy cheapskates benefit off of what is primarily stood up by the middle class.
    
    
    • It’s like the finance industry
      was conceptualized
      by the antebellum ‘Planters’
      as the redevelopment of slavery
      in compliance with the 13th Amendment.
      Do you think it was intentional?
      
      
      
      Reading the FALSE propaganda
      written by William Alexander Smith
      tells us that it has been.