first_imgWHATS ON YOUR MIND TODAY?We hope that todays “Readers Forum” will provoke “…honest and open dialogue concerning issues that we, as responsible citizens of this community, need to address in a rational and responsible way?”Todays “Readers Poll” question is: Do you feel that our tax dollars should be spent on putting painted abstract Murals on side of buildings? Please take time and read our articles entitled “STATEHOUSE Files, CHANNEL 44 NEWS, LAW ENFORCEMENT, READERS POLL, BIRTHDAYS, HOT JOBS” and “LOCAL SPORTS”.  You now are able to subscribe to get the CCO daily. If you would like to advertise in the CCO please contact us City-County [email protected]center_img EDITOR’S FOOTNOTE:  Any comments posted in this column do not represent the views or opinions of the City County Observer or our advertisersFacebookTwitterCopy LinkEmailSharelast_img read more

Understanding mortgage types

first_imgFor those looking to buy a home, it might seem a little daunting, especially when you consider how many mortgage types there are. Here’s a simple list of 5 loan types with a basic description of each so you can begin to make the best decision on how to acquire your dream castle, complete with a moat and drawbridge. NONE SHALL PASS!!!CONVENTIONAL / FIXED RATE MORTGAGENumero Uno is the most common of the mortgage types. If the title didn’t give it away, the interest rate, and thus the monthly payments, don’t change over time. The most common of these is the 30-year term. It should be noted that a 15-year term will give a better interest rate and get your mortgage paid off in half the time. 94SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Derek San Filippo Derek is a freelance writer who spends his off time either working with his rescue animals or writing children’s books. He lives in San Diego with his beautiful wife … Web: www.financialfeed.com Details INTEREST-ONLY MORTGAGEThese are kind of cool because they allow the borrower to pay interest only for the first five to seven years. Obviously, you can pay more if you’d like, but you don’t have to. So, if you’re budgeting lean, this could be a helpful way to go. Once that five- or seven-year period is done, however, normal payments including principal and interest, will kick in.ADJUSTABLE RATE MORTGAGE (ARM)Much like the Fixed Rate Mortgage, the name of this mortgage type explains what it does. Basically, the interest rate can change (typically upward) over the lifespan of the loan. This might not sound like an amazing way to go, but it does make it possible for someone to pay low interest rates to start with on an expensive home. More bang for your buck in a manner of speaking.FHA LOANSFHA means Federal Housing Administration. They tend to be very attractive to first-time home buyers because they require a low down payment and your credit doesn’t have to be stellar to qualify. The drawbacks are the borrower is required to pay for mortgage insurance (insurance that protects the lender in case you default) and the house must meet certain criteria from an appraisal by an FHA-approved appraiser.VA LOANSServed in this great country’s military? These loans are designed for you. Need a down payment? No. Require mortgage insurance? Again, no. Can work with a credit score that’s low? Of course!There are other mortgage types and even more information about the ones listed above. However, this should get you pointed in the right direction.last_img read more

Arsenal confirm six-month loan for Pablo Mari

first_imgRelatedPosts Runarsson joins Arsenal on four-year deal Arsenal, Wolves want Michael Olise Akpom pens Middlesbrough loan deal Arsenal have completed the loan signing of Pablo Mari from Flamengo. The deal for the 26-year-old Spaniard was confirmed on Wednesday with Mari arriving on six-month loan for a fee of around £4 million before he will join the club permanently in the summer with further add-ons. Flamengo gave him permission to travel back to London and announced late on Tuesday night that they had confirmed the signing of Athletico Paranaense defender Leo Pereira for £5.9 million as his replacement. After finalising the move, the Spaniard revealed he was delighted to be joining a “big club” like Arsenal. “When I spoke to my agent, it was a big thing that Arsenal were interested in me,” Mari told the Arsenal website. “This is one of the best clubs in the world, so I’m absolutely delighted to be joining. I’m really looking forward to playing in this jersey and helping my team. “Right now I want to focus on the day-to-day side of things. I think we need to put the plans to one side for now because the most important thing is to take things one day at a time and focus on achieving short-term goals. “We need to change the dynamic around the team, so the short-term objectives are the most important thing. As I’ve said, we have Mikel’s ideas, aligned with the club, and we need to perform very well to change things.” Mari only moved to Flamengo in July but impressed during his short stint in South America. “The time has come to say goodbye to this defender who arrived at Flamengo to make his mark in our history with the titles of the CONMEBOL Libertadores and the Brazilian championship. Pablo Mari, thanks for everything,” the club tweeted.Tags: ArsenalAthletico ParanaenseflamingoLeo PereiraPablo Marilast_img read more