HOW TO REFINANCE YOUR MORTGAGE

BANZAI7 NEWS--Mortgage rates in the United States have dropped to their lowest levels since the 1940s, thanks to a trillion-dollar intervention by the federal government. Yet the banks that once handed out home loans freely are imposing such stringent requirements that many homeowners who might want to refinance are effectively locked out.

A young banker decided to get his first tailor made suit. So he went to the finest tailor in town and got measured for a suit. A week later he went in for his first fitting. He put on the suit and he looked stunning, he felt that in this suit he can do business.

As he was preening himself in front of the mirror he reached down to put his hands in the pockets and to his surprise he noticed that there were no pockets. He mentioned this to the tailor who asked him, 'Didn't you tell me you were a banker?'

The young man answered, 'Yes, I did.'

To this the tailor said, 'Who ever heard of a banker with his hands in his own pockets?'