? May 20, 2006
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May 21
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Advice On Choosing The Right Mortgage}
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Submitted by: Crystal Mate
Choosing the right mortgage may seem easy enough. Find the best rate and sign on the dotted line, right?
Unfortunately, it is not that simple. Choosing the right mortgage involves a lot of research and planning. To make the right decision, you need to wade through a variety of mortgage products, all with different rates and terms. It is a complex process. Lets look at a few of the factors you need to consider when looking for a mortgage.
Fixed or Variable, Open or Closed? All About Mortgage Rates
When you are shopping for mortgages you will hear a lot about fixed and variable and open and closed. Heres what they mean, in a nutshell:
Fixed Your interest rate stays fixed throughout the entire term of your mortgage. This kind of rate makes it easier to plan for the future, since your payments will not change, but if interest rates go down, you could end up paying more.
Variable The interest rate varies on the basis of your lenders prime rate. When interest rates are stable, a variable-rate mortgage can cost less than a fixed-rate. With a variable rate you can often choose to make fixed payments – when interest rates are low, your payment wont change but youll be paying off more of your principal, which is a good thing.
Open Open mortgages can be paid off at anytime without penalty, but they tend to have higher rates.
Closed Interest rates are generally lower than for open mortgages, but if you decide to pay off a closed mortgage early, there will likely be a penalty.
Are You A Nomad or a Homebody?
Your mobility plays a part in choosing the right mortgage. If you think you will be moving within 5 years, you will need a different kind of mortgage than someone who plans to stay in their home for 10 to 20 years.
Short-term stays usually mean short-term, open and variable-rate mortgages. People planning to stay in their homes for longer periods generally do better with a longer-term fixed-rate loan, especially if interest rates are low.
A short-term mortgage is for two years or less, while a long-term mortgage is for three years or more. If you think interest rates are on a downward trend, a short-term mortgage might make sense, no matter how long your are planning to stay in your home. When the term is up, you can get a new mortgage for a lower rate. On the other hand, if you are locked into a longer term and interest rates fall, you might be stuck with your higher rate.
How Much is Your Down Payment?
If your down payment is less than 20% of the cost of the home, you will need a high-ratio mortgage. High-ratio mortgages must be insured, with fees based on the amount of your loan and down payment.
In todays off-the-charts housing market, a 20% down payment is rare. High-ratio mortgages are the solution, even for people with no down payment.
What to Do Now
How do you feel now about choosing the right mortgage? Confused? Overwhelmed? In need of an aspirin?
Your real estate agent may be able to give you advice, and so might your financial planner. Many people also turn to a mortgage broker to help them find the best rates and terms. The bottom line is that you feel secure in your choice so you can enjoy your new home to the fullest.
About the Author: For more information on
buying your first home
or
choosing the right mortgage
contact
CanadianMortgagesInc.ca
Source:
isnare.com
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Ontario Votes 2007: Interview with Liberal candidate Kate Holloway, Trinity-Spadina
Monday, October 1, 2007
Kate Holloway is running for the Ontario Liberal Party in the Ontario provincial election, in the Trinity-Spadina riding. Wikinews’ Nick Moreau interviewed her regarding her values, her experience, and her campaign.
Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.
Austrian police find dozens dead inside lorry
Thursday, August 27, 2015
Austrian police today found an estimated 20–50 decomposing corpses in an apparently abandoned lorry.
Roadworkers who spotted the vehicle, which had been there since yesterday at least, alerted police. Responding officers found it full of corpses. The lorry is on the so-called “Eastern Motorway”, the A4, close to the Hungarian border. It was on the hard shoulder between Neusiedl and Parndorf, closer to Parndorf.
The victims are thought to have suffocated. Police are seeking the driver. The Krone published an image of a non-articulated food lorry on the hard shoulder, which they report is the vehicle in question. The photo shows a pool of dark liquid on the ground beside the vehicle.
Video from a passing motorist shows at least one helicopter on-scene. The truck, which has pictures of meat on the side, shows branding for Slovakian food firm Hyza. Earlier today the company’s website sported an apparent anti-immigration graphic, which has since been removed.
Wikinews got in touch with Hyza. “We are truly sorry about [the] tragedy” they told us in a statement. They said they have checked GPS trackers on their fleet and all their vehicles remain in Slovakia. The statement says the lorry in question was one of 21 Hyza vehicles sold on last year. It was then sold again and exported to Hungary, where it is now registered. Hyza told us the new owners have not changed the branding on the vehicle. According to the Bild newspaper, Agrofert — the parent company of Hyza — said in a statement the new owners were required to do so.
Hyza says they will “actively cooperate with Slovak police”, and “express [their] sincere condolences to the bereaved families.”
Interior Minister Johanna Mikl-Leitner called it “a dark day” and called for European Union-wide measures to protect immigrant refugees and tackle human traffickers. Neighbouring Hungary is constructing a border fence across its entire frontier with Serbia. Yesterday alone saw a record 3,241 attempts to enter Hungary illegally, according to authorities there.
Conflict in Syria and other parts of the world has led refugees to Europe. Once inside, they can move freely inside the Schengen Area, which covers most of the EU.
Austrian police earlier this week arrested three motorists suspected of people smuggling. One driver is accused of moving 34 people, ten of them children, into Austria from Serbia. The group were left by the roadside near Bruck an der Leitha and reported struggling to breathe in the van.
Wikinews Shorts: August 8, 2009
A compilation of brief news reports for Saturday, August 8, 2009.
Contents
- 1 Leader of Pakistan Taliban may have been killed in drone attack
- 2 Hillary Clinton arrives in South Africa
- 3 Anniversary of Georgian War marked by mutual accusations
- 4 Police in the United Kingdom ordered to review policing of demonstrations
- 5 Son of missing Japanese actress Noriko Sakai found safe
- 6 Seven coalition troops killed within 24 hour period in Afghanistan
- 7 Hong Kong government to begin school drug testing trials in December
- 8 Nine killed in Belgium care home fire
- 9 India and China resume border talks
- 10 President Kennedy’s sister Eunice Kennedy in critical condition at hospital
U2 tour manager, Dennis Sheehan dies in Los Angeles hotel room at 68
Saturday, May 30, 2015
Dennis Sheehan, U2’s tour manager, died in his Los Angeles hotel room on Wednesday at 68 years of age.
In their second show at the Los Angeles Forum, U2 paid tribute to their tour manager. According to The Guardian, in-between songs U2’s lead singer Bono reflected on Sheehan’s life to the audience, saying how he was family to the band. Bono said, “U2’s family — it’s a brotherhood, although there’s a lot of sisters in it too… but the extended family is very important to us and we look after each other. It takes a lot to put on a show like tonight, and last night we lost a member of our family. Dennis Sheehan was his name. He was U2’s tour manager for 33 years.”
During the show, Bono also added, “A lot of U2 songs over the years were written to fill a void, an absence, a hole in a heart left by a loved one. With the loss of Sheehan, U2 now has such a wound.”
According to Rolling Stone, Sheehan was with the Irish band U2 on their five-day Los Angeles tour. He was discovered dead in his West Hollywood hotel room and pronounced dead from a heart attack on Wednesday morning after paramedics were called at 5:30am local time. According to Billboard, the paramedics found Sheehan unresponsive before pronouncing him as dead soon after.
The band earlier on announced the death of their tour manager via their website, and in a statement, Bono said, “We’ve lost a family member, we’re still taking it in. He wasn’t just a legend in the music business, he was a legend in our band. He is irreplaceable.” Arthur Fogel, Chairman of Global Touring for Live Nation Entertainment also stated his thoughts on the loss of Sheehan: “With profound sadness we confirm that Dennis Sheehan, U2’s longstanding tour manager and dear friend to us all, has passed away overnight. Our heartfelt sympathy is with his wonderful family.”
Having been a tour manager for U2 for over 30 years, Sheehan began his career at the age of 19, and started working with the band in 1982. Sheehan also toured with Led Zeppelin in the 70s and worked with other artists such as Patti Smith, Lou Reed, and Iggy Pop. Rolling Stone quote Sheehan talking to U2 Magazine in 1984 about how special the band was: “There is something extremely special about U2… Whether it be in their social lives, which they are very particular about, or in their business life… they go for the best, and in turn the people that work for them give of their best.”
U2 are currently on their international “Innocence and Experience” tour which concludes in November.
Search-and-rescue dog that found 9/11 survivor to be cloned
Thursday, July 3, 2008
A German shepherd who recovered the last survivor of the September 11, 2001 attacks is to be cloned. His owner, James Symington, a former police officer from Halifax, Nova Scotia, Canada entered an essay writing contest about why his dog should be cloned.
Trakr, the 15 year old German shepherd suffering from degenerative neurological disorder, was the subject of a contest-winning essay about why Trakr should be cloned that was written by Symington. Trakr and Symington received Humanitarian Service Awards from Jane Goodall for their heroics at Ground Zero. Symington is now an actor of film and television, sometimes credited as Peter James.
BioArts International sponsored the essay-writing contest. Five more dogs are to be cloned by its Best Friends Again program. While Trakr will receive free replication, the other dogs will have to participate in an auction with a starting bid of US$100,000.
BioArts is going to send the DNA of the 6 dogs to Sooam Biotech Research Foundation in Seoul, South Korea. A Sooam researcher said that the dog should be born in November.
Amusement Park
Why Hire Moving Companies Naples Has To Offer
byAlma Abell
Moving is an expensive process, and many people look to cut costs wherever they can. For some, this budget trick involves doing all of the moving by themselves. However, even when the budget for the project is low, considering the benefits of Moving Companies Naples has to offer can help to alleviate some stress, and hiring movers from asmoothmoveusa.com may even help individuals to save some money in the end.
Many are probably wondering how hiring a moving company could actually save money. Well, when people move by themselves, they have to make a number of trips back and forth. Even the largest of cars cannot contain the full contents of a house within them. Therefore, the individuals will have to drive between the houses many times. In the end, this decision can waste a lot of gas, especially if the two homes are far away from each other. Comparing the cost of gas to the cost of movers might show that the former is more expensive.
Hiring Moving Companies Naples can provide also reduces some of the tension that people often feel on moving day. Working on a project this tremendous alone is difficult, and individuals are often overwhelmed with other tasks during the day. For example, they may need to focus on caring for their children or pets, or they may wish to ensure that all of the boxes are actually getting out of the house. Pile these responsibilities onto completing the moving job alone, and a great deal of stress awaits. When people hire a moving company, they at least have professionals to take care of that portion of the day.
Furthermore, not everyone knows how to pack in a professional manner. Failure to box away items the right way could lead to damage for valuables or fragile pieces. When individuals hire a moving company, they can ask for recommendations on how to properly pack their belongings and the type of materials they should use. From the early packing stages to the time when the last box moves into the new house, moving companies have a lot to offer to clients. View website for more details.
UN summit results in pledge to mitigate food crisis
Friday, June 6, 2008
A three-day United Nations (UN) summit, bringing together leaders from 181 countries, has wrapped up with a pledge by all attending countries to address the global food shortage crisis. Key actions cited include doubling the world’s food production by 2030, providing resources for farmers in poor countries and increasing humanitarian aid in times of crisis.
Protests and violent riots have resulted in parts of the world in recent months due to increasing unaffordability, and sometimes unavailability, of food. It is estimated that 862 million people, or just over one eighth of the world’s population, are malnourished.
According to UN Secretary General Ban Ki-moon, up to US$20 billion will be required annually to avert crises in the most hard-hit areas. The UN Food and Agriculture Organization (FAO) has put the figure closer to US$30 billion. Pledges made just at the summit amounted to more than US$5 billion, according to the UN.
Despite the largely positively-received outcome of the summit, held in Rome, Italy, there were some who felt that the proceedings could have gone better. Several non-governmental organisations (NGOs) pointed to the fact that they were not invited to partake in the discussions. Food and hunger policy adviser Magda Kropiwnicka of ActionAid commented on the strength of the final pledge: “There were no quantifiable financial commitments. Apart from the existing UN Food and Agriculture Organisation funds, no money has been given to address the key problem of boosting capacity.”
While most delegates agreed that biofuels have been one of the causes of the food crisis, no actions were agreed upon to address this hot topic. Biofuels have been increasingly in demand in recent years, meaning that many crops that would have previously been used for food are now being used as fuel.
The impact that biofuels has goes further than simply increasing the demand of food crops. As fuel prices increase, so do the costs of fertilisers, farm vehicle use and the transport of foods. All of this adds up to a large increase in the cost of food.
Some UN officials say that biofuel use has caused up to 30% of the global food price inflation of late. The United States estimates that figure to be closer to just 3%. The Globe and Mail newspaper indicates that some estimates go as high as 60%. The only consensus that could be reached on biofuels is that they provide both “challenges and opportunities”, and need to be looked into further for a conclusive analysis on their impact on food production.
Other factors increasing food prices are increased consumption of meat and dairy products in developing nations like China and India. Argentina noted that subsidies granted to farmers from the US, the European Union and other Western countries have also been a major player in the increase.
India’s moon craft reaches final lunar orbit
Friday, November 14, 2008
India’s first lunar mission, the Chandrayaan-1 (meaning ‘moon craft’ in Sanskrit), reached its destined lunar orbit on Wednesday. The satellite’s on-board engine was fired for 58 seconds.
It is now in a circular orbit 102 kilometres from the Moon.It will stay in this orbit for two years and conduct various experiments to gain a better understanding of the Moon.
According to Indian Space Research Organisation (ISRO) officials, the Moon Impact Probe (MIP), with an Indian flag painted on it, will be dropped late tonight.The MIP has a mass of 29 kg and it will take 20 minutes to reach the moon’s surface. On-board cameras will film the surface during descent.