June 04, 2017 at 07:31PM
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Twenty Practical Steps to Better Corporate Governance | The Corporate Secretaries International Association (CSIA)
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Showing posts with label 2017 at 07:35PM. Show all posts
Showing posts with label 2017 at 07:35PM. Show all posts
Sunday, June 4, 2017
Police arrest 12 people in London attacks that killed 7 and left 3 attackers dead
Online mortgage calculators don’t give homeowners the full picture — here’s what to use instead
Let’s face it: A little back-of-the-envelope math won’t cut it when you’re trying to buy a house.
Becoming a homeowner is a complicated process and a major financial commitment, and figuring out the true cost requires a good amount of research.
Many people will often turn to online mortgage calculators to determine what they can afford, but this tool comes with a few glaring limitations.
In fact, the Consumer Financial Protection Bureau (CFPB) outlines two major problems with many mortgage calculators: they only consider the principal and interest payment and they are only as accurate as the information you provide.
Your principal payment is how much you owe on your loan and the interest rate is the additional amount the lender charges you for borrowing money. Together, this is your mortgage payment — but it’s not the only monthly cost you’ll incur.
You need to factor in property taxes, private mortgage insurance (PMI), homeowners insurance, utilities, and homeowner’s association fees (if you expect to have them), to get an idea of what you’ll be paying each month. Many mortgage calculators either don’t estimate these costs accurately, relying on the user to enter the numbers themselves, or leave them out all together. There are also closing costs you’re required to pay upfront, which can be up to 5% of the home purchase price.
Online real estate resource Zillow Group is trying to fix that problem. Last month, it launched Realestate.com, a new site geared toward millennials looking for their first home. Their new all-in monthly pricing tool enables you to see every possible monthly expense — and a breakdown of closing costs — for each property listed on its site.
According to Zillow Group’s Consumer Trend Report, which was based off of a survey of a group of 13,000 homeowners, sellers, buyers, and renters, 39% of first-time homebuyers exceed their initial budget.
Jeremy Wacksman, CMO of Zillow Group, told Business Insider they created this tool to make budget a priority in the home-shopping process.
“We see nearly half of first-time homebuyers consider renting as well, so [this makes it so they’re] really thinking of them side by side,” Wacksman said. “As a renter, you’re usually thinking of one cost per month.”
One major advantage of the Realestate.com all-in monthly cost tool is that these estimates provide context to homes currently on the market. Rather than blindly looking at a listing price, an all-in monthly cost estimate gives a more accurate idea of affordability.
This doesn’t help you much if the home you’re looking to buy isn’t on Zillow, though you may be able to compare it to something similar in the area.
Also, keep in mind that interest rates are highly personal and depend on your credit history, type of loan, income, debt, and specific lender. This tool populates with a default 3.79% interest rate, based on a 30-year fixed mortgage with a 20% down payment. But you can use CFPB’s interest rate tool to input some of that information and get a more accurate rate to further customize your all-in monthly cost.
SEE ALSO: 21 of the most affordable zip codes to raise a family in the US
DON’T MISS: Everything you need to know about buying a home, in 7 steps
Join the conversation about this story »
NOW WATCH: 4 lottery winners who lost it all
June 04, 2017 at 07:25PM
from Tanza Loudenback
Tuesday, May 30, 2017
BRIEF-RMP Energy names three members to its board of directors – Reuters
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BRIEF-RMP Energy names three members to its board of directors
Reuters Reuters is the news and media division of Thomson Reuters. Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news … |
May 30, 2017 at 07:26PM
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Dow Jones down 36.01 Points, or 0.17 Percent, at 21,044.27 After Market Open
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DOW JONES DOWN 36.01 POINTS, OR 0.17 PERCENT, AT 21,044.27 AFTER MARKET OPEN
The material has been provided by InstaForex Company – www.instaforex.com
May 30, 2017 at 07:22PM
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Monday, May 29, 2017
Rodriguez-Gonzalez retweeted: 👉10 retos para mujeres en #CorpGov @BoardroomWomen ow.ly/cXcW30c6ETo @RonningSheila #WomenOnBoards #BoardDiversity
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Rodriguez-Gonzalez retweeted:
May 29, 2017 at 07:29PM
https://twitter.com/Dr_RodGonza/status/869192965884973056
from Rodriguez-Gonzalez
— MastrangeloAlejandra (@MastrangeloA) May 28, 2017
Monday, May 15, 2017
Nielsen and Twitter Take Relationship Global With Digital Ad Ratings
May 15, 2017 at 07:29PM
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MassMutual Refreshes Brand To Celebrate Interdependence
May 15, 2017 at 07:29PM
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Saturday, May 13, 2017
World reels from massive cyberattack
Organizations around the world were digging out Saturday from what experts are calling one of the biggest cyberattacks ever.
May 13, 2017 at 07:30PM
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Thursday, May 11, 2017
ABA Tax Section May Meeting
The ABA Tax Section May Meeting kicks off today in Washington, D.C. The full program is here. Tax Profs with speaking roles include: Diversity: Anthony Infanti (Pittsburgh), Jacqueline Lainez (UDC), Francine Lipman (UNLV) Employee Benefits: Jon Forman (Oklahoma), Kathryn Kennedy (John Marshall) Fiduciary Income Tax: Jerome Hesch (Miami) Financial Transactions:…
May 11, 2017 at 07:21PM
from Paul Caron
Wednesday, May 10, 2017
Russia’s Rosneft says to abide by possible oil cuts extension deal
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MOSCOW (Reuters) – Russia’s largest oil producer Rosneft will fulfil obligation to further cut oil production if such an agreement would be achieved, Rosneft’s chief financial officer Pavel Fedorov said during a conference call on Wednesday.
May 10, 2017 at 07:32PM
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Escorts Limited – Results/Dividend
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inter-alia, to consider, approve and take on record the Audited Financial……
May 10, 2017 at 07:31PM
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Friday, April 28, 2017
Ecb Calls for Bids in 7-Day Operation fixed Rate of 0 Pct
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ECB CALLS FOR BIDS IN 7-DAY OPERATION FIXED RATE OF 0 PCT
The material has been provided by InstaForex Company – www.instaforex.com
April 28, 2017 at 07:24PM
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French Two-Year Govt Bond Yields on Track for Biggest Monthly fall in Over Four Years, down 11 Bps
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FRENCH TWO-YEAR GOVT BOND YIELDS ON TRACK FOR BIGGEST MONTHLY FALL IN OVER FOUR YEARS, DOWN 11 BPS
The material has been provided by InstaForex Company – www.instaforex.com
April 28, 2017 at 07:24PM
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Fxwirepro: Usd/cad Remains Bullish As Rally Continues
- The USD/CAD pair remained in strong bullish tone on Friday as buying interest continued as Canadian domestic data showed the economy stalled in February, offsetting a rebound in oil prices.
- Gross domestic product was flat, matching the forecast by analysts. Service-providing industries advanced by 0.2 percent on strength in the real estate and rental and leasing sector, as well as the finance and insurance sector.
- Goods-producing industries declined by 0.3 percent on weaker manufacturing as well as mining, quarrying and oil and gas extraction.
- Oil prices rebounded on Friday after dropping to a one-month low the previous day, prompting investors to buy at cheaper levels ahead of a May OPEC meeting at which producers could extend output cuts.
- The ongoing upside is set to continue for this pair as the support level at 1.3559 is likely to act as strong barrier to the bears in the short term.
- To the upside, immediate resistance can be seen at 1.3656, a break above this level would take the pair towards next resistance level at 1.3700.
- To the downside, strong support can be seen 1.3612, a break below this level will open the door towards next level at 1.3559.
Resistance Levels
R1: 1.3656 (38.2% Retracement level)
R2: 1.3700 (Psychological levels)
R3: 1.3726 (23.6% Retracement level)
Support Levels
S1: 1.3612 (50% Retracement level)
S2: 1.3559 (61.8% Retracement level)
S3: 1.3528 (April 27th lows)
The material has been provided by InstaForex Company – www.instaforex.com
April 28, 2017 at 07:24PM
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