Use A Mortgage Calculator To Give Accurate Home Loan Estimates

By John Hoots

Those aspiring to own a new home may not be able to pay outright for the property. Getting a home loan is what most people do to finance a new home. Knowing the monthly payments that will have to be made, duration of the loan and rate of interest is a must. Otherwise, you may over commit yourself and buy a large property for which you may be unable to pay the monthly home loan installments. This will mean foreclosure of your precious home.

To avoid this eventuality, it is important to purchase a home that fits into your salary and expenses comfortably. A mortgage calculator is a good way to find out what your monthly commitments will be. By entering figures like cost of the new house, salary, rate of interest and duration, the calculator will give you a fairly accurate estimate as to how much your monthly payments could be. Have a list of your current and future household expenses and see if you can comfortably afford your home loan.

If you cannot, then lower your expectations and look at cheaper properties and try the calculations all over again. The mortgage calculator can be used like this multiple times to arrive at a favorable figure. There are different calculators available that will provide different data like:

— Regular Mortgage Calculators that can calculate

o Best loan program

[youtube]http://www.youtube.com/watch?v=0ZQibzONkeE[/youtube]

o Monthly payment

o Target payment

o Affordability

— Mortgage Interest Calculators that can calculate

o Fixed Rate

o Adjustable Rate

–Mortgage Insurance Calculators

In the first category, the best loan program mortgage calculator will offer different financial options like interest only or down payment amount loan programs and help you select that which will suit your budget the best. The monthly payment calculator will estimate loan amount, taxes and interest and arrive at your monthly mortgage expenses. The target payment calculator lets the user input the monthly payment amount they are comfortable with and then shows different loan programs that will be commensurate with that amount.

The affordability mortgage calculator calculates how much home loan a homeowner can afford to take. This will use the homeowner’s salary structure and current debt amount to arrive at an amount that will suit these figures. There are different interest deals that are offered by financial institutions that will suit different clients. Using mortgage interest calculators, homeowners can check out both the fixed rate [which will remain the same for the duration of the loan] and adjustable rate [which will change depending on prevailing economic circumstances]. This will give them a good idea of their liabilities and they can choose a home loan accordingly.

Using a mortgage insurance calculator will help individuals estimate their mortgage insurance cost over a long period. The calculator determines if the loan will be more or less expensive that a loan that does not include insurance but has a higher rate of interest. All these mortgage calculators are available at different websites and a Google search will give you various options that you can try out for free. Using them can be confusing for the first time homeowner in which case they can seek the help of a home loan expert to help them arrive at the best figure.

Home loans can be obtained through government agencies or private lenders. It is easy to get home loans these days with even real estate investors offering cash to borrowers who may not otherwise qualify for a regular home loan. Borrowers be wary and do not let your desire to own a new home, cloud your judgment. A lot of these hard cash lenders can be very unscrupulous and charge very high rates of interest along with a large initial down payment that could be up to 50% of the value of the property.

Most of these loans will be short term loans and if the borrower is unable to payback, then the property will be seized. There are some government agencies also who offer home loans to those who may not meet the conventional home loan criteria. This could be a safer option and the borrower must offer proof of income, value of the property and source of their down payment as details to avail the loan. Doing proper research is essential so that you do not land up with too high a mortgage amount that you will be unable to pay or worse still, get caught with unreliable and unscrupulous lenders out to fleece you.

About the Author: Article by John Hoots of ChicagoMortgageSpecialist.com, a website with the best

Chicago mortgages

and

Chicago mortgage brokers

information on the web.

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Clash of cultures: Somali and Latino workers at U.S. meat packing plants

Friday, October 17, 2008

Muslim Somali workers at a meat packing plant in Grand Island, Nebraska wanted to pray. Their colleagues from Latin America wanted to work. A dispute over the company’s break schedule led to formal discrimination claims, mass job walk-offs and public protests by both sides last month, and a reported 200 firings.

Tensions at the plant began after a Federal government raid in December 2006 removed 200 undocumented workers. An equal number of employees quit shortly afterward. Altogether, six government immigration raids at meat packing plants of Brazilian-owned JBS Swift & Co. had removed 1,200 employees from the company’s work force, which caused substantial production problems. Management at the Nebraska plant responded by hiring approximately 400 Somali immigrants who resided in the United States legally as political refugees. Stricter Federal enforcement of immigration laws has had a significant impact on the meat packing industry because few native-born Americans are willing to work in its low-wage factories. Employers advertise to immigrant communities and after the immigration crackdowns the company turned to the Somali community, which was unlikely to be targeted for deportation.

They shouldn’t be forced to choose between their job and their religion.

Many of the new Somali workers were observant Muslims who wanted to practice the traditional religious prayer schedule, and few spoke English. The existing union contract had been negotiated before Muslims became a significant part of the factory work force, when religious needs had not been an issue, and break times were assigned according to a rigid schedule to ensure continuous production and prevent workers from working too long without a break. The sharp knives the meat packers wield for their job pose a substantial risk of accidental injury.

At first the Somali workers prayed during scheduled breaks and visits to the rest room. A few Somalis were fired for “illegal breaks” they had spent praying. Rima Kapitan, a lawyer who represents the Muslim meat packers of Grand Island, told USA Today, “they shouldn’t be forced to choose between their job and their religion.” The Somalis offered to let their employer deduct pay for time at prayer, but supervisors considered it unworkable to lose the labor of hundreds of people simultaneously, even if the interruptions lasted less than five minutes.

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Plant worker Fidencio Sandoval, a naturalized United States citizen who was born in Mexico, had polite reservations. “I kind of admire all the effort they make to follow that religion, but sometimes you have to adapt to the workplace.” An immigrant from El Salvador was less sympathetic. “They used to go to the bathroom,” said José Amaya, “but actually they’re praying and the rest of us have to do their work.” Raul A. García, a 73-year-old Mexican meat packer, told The New York Times, “The Latino is very humble, but they [the Somalis] are arrogant… They act like the United States owes them.”

Differences of opinion arose over whether the prayers, which are a religious obligation five times a day for practicing Muslims and vary in exact time according the position of the sun, constitute a reasonable accommodation or an undue burden upon non-Muslim coworkers. Abdifatah Warsame, a Somali meat packer, told The New York Times that “Latinos were sometimes saying, ‘Don’t pray, don’t pray’”.

I kind of admire all the effort they make to follow that religion, but sometimes you have to adapt to the workplace.

As the Muslim holy month of Ramadan approached during 2007 the Somalis requested time off for religious reasons. Observant Muslims fast throughout daylight hours during Ramadan. Management refused, believing it would affect the production line. Dozens of Somali workers quit their jobs temporarily in protest. Negotiations between the Somali workers and management broke down in October 2007. Some of the fired Somalis filed religious discrimination complaints with the U.S. Equal Employment Opportunity Commission.

Problems resurfaced after September 10, 2008 when Somali workers approached plant general manager Dennis Sydow with a request to start their dinner half an hour before the usual schedule in order to break their Ramadan fast closer to sundown. Sydow refused due to concern the request would slow production and burden non-Muslim workers. During the same month a Somali woman complained that a plant supervisor had kicked her while she was praying. The union investigated the charge and the supervisor responded that he had not seen her while she bent in prayer and had only kicked the cardboard that was underneath her.

Somali workers walked out on strike September 15 and protested at Grand Island City Hall, asking for prayer time. The following day the union brokered a compromise with plant management to move the dinner break by 15 minutes. Plant scheduling rules would have reduced the work day by 15 minutes with resulting loss in pay for the hourly workers.

A Somali worker, Abdalla Omar, told the press “We had complaints from the whites, Hispanics and [Christian] Sudanese“. False rumors spread about further cuts to the work day and preferential concessions to the Somalis. Over 1,000 non-Somalis staged a counterprotest on September 17. Union and management returned to the original dinner schedule. Substantial numbers of Somali workers left the plant afterward and either quit or were fired as a result. Sources differ as to the number of Somalis who still work at the plant: The New York Times reports union leadership as saying 300 remain, while Somali community leaders assert the number is closer to 100.

The EEOC has sent staff to determine whether treatment of Somali workers has been in compliance with the The Civil Rights Act of 1964. Under the law, employers must make reasonable accommodation for religious practices, but the law grants exceptions if religious practice places substantial hardship on an employer’s business.

Doug Schult, the JBS Swift manager in charge of labor relations, expressed frustration at the inability to resolve the problem, which had surfaced in a Colorado plant as well as the Nebraska plant. He told The Wall Street Journal that his office had spent months trying to understand and comply with new EEOC guidelines in light of conflicting pressures. Local union chapter president Daniel O. Hoppes of United Food and Commercial Workers worries that similar problems could continue to arise at the plant. “Right now, this is a real kindling box”.

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EPA declares ’emergency’ asbestos cleanup in Montana town

Saturday, June 20, 2009

For the past ten years, the United States Environmental Protection Agency (EPA) has been overseeing the asbestos clean-up in the small town of Libby, Montana, which has been on the EPA’s Superfund National Priorities List since 2002.

On Wednesday, the Obama administration declared Libby and the immediate area a “public health emergency”. Under this state of emergency the EPA is increasing clean-up assistance and medical care. According to federal prosecutors, asbestos has taken 200 lives and is the root cause of at least 1,000 illnesses in the surrounding area.

“This is a tragic public health situation that has not received the recognition it deserves by the federal government for far too long,” according to EPA Administrator Lisa P. Jackson.

In the 1920’s The Zonolite Company began producing vermiculite, a mineral that is often used in insulation. Between 1963 and 1990, W.R. Grace & Company took over the mine operations. Tremolite asbestos was discovered in the vermiculite product. A study conducted by the Agency for Toxic Substance and Disease Registry discovered that the incidence of asbestosis in the population of the mine site area is far higher than the national average.

Airborne asbestos exposure can lead to mesothelioma, a cancer which develops in the sac surrounding the lungs and chest cavity, the abdominal cavity, or the sac surrounding the heart. Prolonged exposure can lead to lung scarring, asbestosis, and lung cancer. Patients diagnosed with malignant mesothelioma generally are left with six months to a year before death.

We will continue to push until Libby has a clean bill of health.

The tremolite dust from the mine began leaking into the air from the plant in 1919. This resulted in a hazy asbestos dust cloud covering lawns, cars, clothing, and school athletic fields, creating an issue that citizens of Libby had to deal with on an everyday basis. The large amount of dust gave the impression of the aftereffects of a light sandstorm.

W. R. Grace and Company did not deny that asbestos was found contaminating the vermiculite in the old mine. They said they proceeded in a responsible manner to clean up contamination following the mine closure. Grace will reimburse the EPA for US$250 million of the US$333 million that the EPA and the Department of Health and Human Services has set aside for medical expenses and asbestos clean-up. This money will be invested over the next five years, and does not include the millions in medical costs already footed by the company for residents of Libby and the nearby town of Troy.

“Today is the day that after years of work we were able to succeed in getting this [emergency declaration] done,” Senator from Montana Max Baucus said, speaking at the EPA press conference. “We will continue to push until Libby has a clean bill of health.”

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Australian columnist ‘offended, insulted, humiliated’ fair-skinned Aborigines

Friday, September 30, 2011

Conservative commentator Andrew Bolt has been found in breach of the Racial Discrimination Act, following a pair of newspaper articles in 2009 where Bolt criticised fair-skinned people identifying as Aborigines.

Australia’s Federal Court Justice Mordecai Bromberg said “I am satisfied that fair-skinned Aboriginal people (or some of them) were reasonably likely … to have been offended, insulted, humiliated or intimidated by the imputations conveyed by the newspaper articles,” Justice Bromberg said. “People should be free to fully identify with their race without fear of public disdain or loss of esteem for so identifying.”

The articles, titled “It’s so hip to be black” and “White fellas in the black”, were published by the Herald Sun and Weekly Times in 2009, in addition to two blog posts published on the Herald Sun‘s website.

The nine plaintiffs were jubilant following delivery of the verdict. Taking legal action against Mr Bolt were former ATSIC member Geoff Clark, academic Larissa Behrendt, native title expert Graham Atkinson, academic Wayne Atkinson, lawyer Mark McMillan, activist Pat Eatock and artist Bindi Cole. They argued Bolt’s articles offended, upset and demeaned them while implying they identified as Aboriginal Australians for personal gain.

Bolt’s lawyer, Neil Young, argued in court that the articles were a genuine reflection of his client’s beliefs and were published in the public interest. “Everything that’s said, even if it’s expressed colourfully, is rationally related to a thesis that’s a matter of public interest,” Mr Young had said.

Bolt said his writings were fair and within the provisions of free speech laws. Ron Merkel, QC, for the complainants, said his clients did not target free speech, stating that while Bolt is free to express his views, he should not have attacked the nine individuals named in the articles.

Justice Bromberg told the court Bolt’s articles would have offended a reasonable member of the Aboriginal community, adding that the articles were factually incorrect and not written with good faith. “I am satisfied that each of Mr Bolt and the Herald & Weekly Times engaged in conduct which contravened section 18c of the Racial Discrimination Act.”

Bolt described the verdict as “a terrible day for free speech in this country,” adding “It is particularly a restriction on the freedom of all Australians to discuss multiculturalism and how people identify themselves,”

Ms Eatock, a prominent activist and the chief plaintiff, said she was not confident of receiving an apology from Mr Bolt. “I will never get an apology from Mr Bolt. He made that clear giving his evidence earlier in the year,” she said. “But we will, I hope, get some sort of acknowledgment through the press that what he wrote was just unacceptable, totally unacceptable. He set out to offend from the word go and in fact he acknowledged that in his evidence.”

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Japanese survivor of both Hiroshima and Nagasaki atomic bombings dies, aged 93

Friday, January 8, 2010

Tsutomu Yamaguchi, the only Japanese civilian to be officially recognized as having survived both the atomic bombings of Hiroshima and Nagasaki by the United States in August of 1945 at the conclusion of World War Two, has died this Monday at the age of ninety-three, due to stomach cancer—one of the numerous illnesses that he suffered throughout his lifetime as a direct result of his exposure to nuclear radiation.

Mr. Yamaguchi, although he was against his nation’s involvement in the War, worked as a engineer for Mitsubishi—a company that helped equip and supply the Japanese Imperial Army. He was on business in Hiroshima at the time of the first bombing on August sixth. His almost direct exposure to the atomic explosion temporarily blinded him, ruptured his ear drum (leaving him permanently deaf in his left ear), and severely burnt the top half of his body. Three days later, having gone back to work in Nagasaki, he was approximately three kilometers away from the site of the second bomb. Although he was exposed to significant radiation in this instance as well, Mr. Yamaguchi was left relatively unscathed.

Following Japan’s surrender and the end of the War days later, Mr. Yamaguchi worked as a translator for the occupying American forces and later as a local schoolmaster, before eventually returning to Mitsubishi—which had since then become an automobile manufacturer.

In his later years, Mr. Yamaguchi became a respected lecturer who gave talks about his experiences, and publicly spoke out against the stockpiling of nuclear weapons.

For instance, in 2006, he addressed the United Nations General Assembly. “Having been granted this miracle, it is my responsibility to pass on the truth to the people of the world,” Mr. Yamaguchi said to the Assembly. He went on to say, “My double radiation exposure is now an official government record. It can tell the younger generation the horrifying history of the atomic bombings even after I die.”

When asked by the British Broadcasting Corporation what his reaction was to Mr. Yamaguchi’s death, the mayor of Nagasaki said that “a precious storyteller has been lost.”

Among the family and friends Mr. Yamaguchi left behind were his three adult children—who have also had health issues in their lifetimes thus far that they think may have be related to their father’s initial exposure.

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‘Handkerchiefs in the air’: Bicentennial celebrations in Pichilemu, Chile

Monday, September 20, 2010

An event attended by thousands of people, called “Handkerchiefs in the air” (Spanish: Pañuelos al Aire), took place on Monday morning at Pichilemu, in Daniel Ortúzar Avenue. The event was organized by Loreto Puebla, former Governor of {{w|Cardenal Caro Province||, coordinated with Mayor of Pichilemu Roberto Córdova Carreño.

Fernando Urzúa, who also works as newsreader on a local radio, conducted the event. The event was broadcasted by Radio Somos Pichilemu (We Are Pichilemu), owned by former Mayor Jorge Vargas González, who also attended the event.

The event started by giving handkerchiefs with the logo pictured at the left to all the attendants, at around 11:40 local time (15:40 UTC). Then, they proceeded to take the official photograph, which will be officially published on the website of the Municipality of Pichilemu on Tuesday.

Urzúa, and two Pichileminian folk music groups played several cuecas, Chile’s national dance, and people were invited to dance. The event ended with the Mayor Córdova giving diplomas and Chilean wine bottles to large families who were dancing, a group of elderly from Recoleta and two policemen of Pichilemu. The parish priest of Pichilemu said that “the celebrations were quite stupendous” and that “Pichilemu is an example of unity of the people.”

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People wave their handkerchiefs for the official photo. Image: Diego Grez.

People, and huasos also danced Chile’s national dance, the Cueca, using the handkerchiefs. Image: Diego Grez.

People dancing cueca, from another view. Image: Diego Grez.

Roberto Córdova, Mayor of Pichilemu, also danced on the event. Image: Diego Grez.

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Moldovan wines win three medals at contest in Bordeaux

Tuesday, May 13, 2008

Moldovan wine producers took three silver medals at the third annual international contest of wine tasting and judging of strong alcoholic beverages, the “Concours Mondial de Bruxelles 2008”. This year the event was held in Bordeaux, France. Previously, the event was held in Portugal and in Maastricht in 2007 and will held in Spain next year.

Moldovan wine makers participated with 12 types of wine. The medals went to the wines produced by the stock company Acorex Wine Holding, Amaro de la Valea Perjei 2003, Pinot Grigio/ Aligote/ Sauvignon Blanc 2005 and Pinot Noir 2005, with the last two being from the Private reserve series.

Last year’s fourteenth edition of the contest, held in the Netherlands in 2007, Moldovan wines won three gold medals and three silver ones.

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Seven Moroccans killed in bus crash in central France

Saturday, May 24, 2008

A bus crash in France’s Loire Valley has left seven of the Moroccan passengers dead. 22 of the 32 on board were injured, four critically, after the bus smashed into a concrete pillar on the A10 near Blois in the small hours of yesterday morning.

The bus had departed Tiznit in South Morocco on Wednesday and was headed to the Parisian suburb of Les Mureaux. It had been hired by Aziz, a French company that provides buses to tourists and small traders heading between France and Morocco.

Media images show the vehicle’s front end stuck several feet up the pilar, with the roof trapped against the top of the bridge it supported by the pillar. The entire wreck is left leaning at about a forty degree angle back towards the road, and has left the road at a fairly steep angle directly into the pillar. The remains of a trailer it was towing can be seen still attached at the rear of the coach. Transport Minister Dominique Bussereau, who visited the scene shortly after the accident, said that “The incredible state of the bus showed that the impact was extremely violent.”

The pictures showed the bus was in the livery of travel company Labat.

The French Interior Ministry took the rare step of activating an emergency plan to ensure rapid response from large numbers of rescuers and resources. The scene was attended by four helicopters, 140 firefighters and 25 police officers, who had to free multiple victims from the wreck. The A10 was closed off.

Six died immediately, and the seventh victim died shortly afterwards. All the deceased were adults, and included one of the two drivers, the other of whom was seriously injured. It is unclear which was driving at the time.

Investigators believe no other vehicles were involved, but the exact circumstances remain unclear. “It looks like a loss of control. Is this linked to a mechanical problem, drowsiness or a totally different cause?” Bussereau said at the scene. His ministry’s accident investigation bureau will conduct a major investigation inquiry, and a separate investigation will be launched by local prosecuters.

One possible cause is that the driver fell asleep at the wheel. Investigators are also examining the bus to try to determine any sign of mechanical trouble. There was good weather in the region of the town of Suevres, where the accident occurred, and very little traffic was using the road at the time, thought to be around 2.50am (0050 GMT).

Morocco’s King Mohammed VI has announced he will personally pay for care of the injured and repatriation of those killed. He also asked the ambassador to France to pass on his condolences.

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Moon Jae-in becomes President of South Korea

Thursday, May 11, 2017

Moon Jae-in assumed the office of President of South Korea yesterday. He was announced the winner of Tuesday’s election, with 41.1% of the vote, and sworn in yesterday at the Korean National Assembly. Moon is succeeding the impeached President Park Geun-hye.

Moon has promised to unite his country, which faces tensions due to the corruption scandals of the previous president. He has also vowed to promote peace between the two Koreas. One way Moon is attempting to improve the relationship between South Korea and North Korea is by reopening the Kaesong Industrial Region, an industrial park on the Korean border jointly run by both Koreas. Moon also wishes to reform chaebol, a type of conglomerate run by powerful families. An example of a chaebol is Samsung, whose vice-chariman Lee Jae-yong was arrested for allegations of bribery under the previous president Park Guen-hye.

In more international affairs, Moon has said he is reconsidering the THAAD (Terminal High Altitude Area Defense) deployments of the United States, as he believes they could damage relations with China.

Moon’s parents were North Korean refugees. He worked as a human rights lawyer after serving in the South Korean special forces.

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