Borrowing – Columbus Chamber http://columbus-chamber.org/ Fri, 01 Oct 2021 12:44:27 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://columbus-chamber.org/wp-content/uploads/2021/05/cropped-icon-32x32.png Borrowing – Columbus Chamber http://columbus-chamber.org/ 32 32 US Department of Agriculture shouldn’t fund rural prisons https://columbus-chamber.org/us-department-of-agriculture-shouldnt-fund-rural-prisons/ https://columbus-chamber.org/us-department-of-agriculture-shouldnt-fund-rural-prisons/#respond Thu, 08 Apr 2021 02:38:36 +0000 https://columbus-chamber.org/us-department-of-agriculture-shouldnt-fund-rural-prisons/ In 1862, President Lincoln created the United States Department of Agriculture (USDA), which he described to Congress as “the department of the people, in which they feel more directly concerned than any other.” Almost 160 years later, our country has experienced dramatic growth and earthquake changes, but the USDA endures as an institution. Today, the […]]]>

In 1862, President Lincoln created the United States Department of Agriculture (USDA), which he described to Congress as “the department of the people, in which they feel more directly concerned than any other.”

Almost 160 years later, our country has experienced dramatic growth and earthquake changes, but the USDA endures as an institution. Today, the agency aims not only to support the farmers and ranchers who feed our country, but also to strengthen the economy and improve the quality of life throughout rural America.

However, a strange development runs counter to these lofty goals and runs counter to the agency’s history as a “people’s department”. Over the past 25 years, the USDA has spent hundreds of millions of taxpayer dollars earmarked for “critical community infrastructure” to fund larger prisons in smaller communities across the country. This is an example of a legal system that developed to the point of blowing up the buttons on its original wardrobe.

USDA Direct Loans and Grants Program for Community Facilities was established with the aim of providing grants and low-interest loans for infrastructure such as emergency services, hospitals, fire stations and community centers in rural areas. In 1996, decades after the program’s inception, the agency funded its first prison and never looked back, funneling $ 410 million in farm funds to at least 54 counties in 22 states over the following decades. In total, USDA funding for prisons has increased by more than 200 percent since 2010. This problem has increased under the Democratic and Republican administrations.

As Congress turns to spending bills for 2022, officials are expected to renew the original commitment to “the People’s Department.” Rural American communities need support to improve infrastructure, education, health care, recreational opportunities, and more. Larger prisons and increased incarceration should not be part of the vocabulary of rural development, and Congress must ensure that community facilities programs reflect this.

There is an inextricable link between increasing incarceration and economic decline in small communities. While mass incarceration was once a problem in big cities, today small towns and rural communities across the country suffer from the highest incarceration rates. Incarceration in prison in the largest cities of the country decreased by 23 percent between 1990 and 2019, while incarceration in rural prisons increased by 222%, followed by 63% increase in small towns. At the end of 2020, three in five incarcerated people were incarcerated in smaller towns or rural counties – even after large reductions in prison populations in response to the COVID-19 pandemic.

This is not the result of the fact that large state and federal prisons are located in small communities, but that poor and mostly unconvicted people are locked in local jails. Many cannot afford to pay bail, and prisons have increasingly become a frontline response to mental health and substance use issues in resource-poor communities.

Incarceration in small American towns affects the poor and working people of all races, and it does not make us any safer. Instead, spending time in jail makes people more likely to lose their jobs and housing, strain family relationships, and make people even more dependent on the public safety net when they are released. High incarceration rates weaken communities overall, and economic decline and increasing incarceration are linked to higher rates of drug overdose deaths.

Some USDA-backed prison projects have called for the construction of additional beds specifically to generate revenue, allowing local prisons to incarcerate people on behalf of other counties, the state prison system, or federal authorities. In an age of bipartisan consensus on criminal justice reform, federal agencies should not implicitly or explicitly encourage counties to link their economic futures to incarceration. The USDA just shouldn’t be in the business of building prisons.

Timothy Head is the executive director of the Faith and Freedom Coalition. Follow him on twitter @timothyrhead.

Jasmine Heiss is the campaign director of the Vera Institute of Justice’s In our backyards project, an initiative exploring the changing geography of mass incarceration. Follow her on Twitter @JasminitaMH.



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Joel Osteen’s church dragged down for pocketing $ 4.4 million in pandemic loans https://columbus-chamber.org/joel-osteens-church-dragged-down-for-pocketing-4-4-million-in-pandemic-loans/ https://columbus-chamber.org/joel-osteens-church-dragged-down-for-pocketing-4-4-million-in-pandemic-loans/#respond Thu, 08 Apr 2021 02:38:25 +0000 https://columbus-chamber.org/joel-osteens-church-dragged-down-for-pocketing-4-4-million-in-pandemic-loans/ Image via Getty / Astrid Stawiarz / SiriusXM Joel osteen‘s Lakewood Church, in a move that should come as no surprise to anyone, managed to pocket $ 4.4 million in the federal paycheck protection program ready. The church received the loan as part of the federal government’s pandemic stimulus package, according to the Houston Chroniclereport […]]]>

Image via Getty / Astrid Stawiarz / SiriusXM

Joel osteen‘s Lakewood Church, in a move that should come as no surprise to anyone, managed to pocket $ 4.4 million in the federal paycheck protection program ready.

The church received the loan as part of the federal government’s pandemic stimulus package, according to the Houston Chroniclereport of. Specifically, the millions of PPPs for Lakewood were made possible by way of the federal CARES Act, which detailed the objectives of loans as they exist to provide salaries or other operational costs. In a first, the program provided for the allocation of direct financial aid to places qualified as “places of worship”.

Representatives for Lakewood, as noted in Robert Downen’s report, said in early summer that they had not applied for a loan. Additionally, the church’s name was not on the Small Business Administration’s list of recipients shortly after the first round of nominations. However, a loan for Lakewood was approved in mid-July following the reopening of the program. In July the the Chronicle reported that more than a thousand religious groups in the state of Texas had received hundreds of millions of dollars.

Of course, the general public is not too excited about Joël’s idea “Miracles in your mouth“The church in Osteen has disbursed millions of dollars in PPP funds:

On the same day that the PPP news started to circulate, Osteen took to Twitter to share some yawning god-like stuff.

“God gives you the possibility to grow, to climb higher”, Osteen, whose 2020 included walking on water with Kanye West, said. “He prepares you to bear the weight of favor, the weight of influence.”

For more examples of whores related to televangelism, look here.

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Social rental platform: interview with Richard Saville, CEO of Break Your Lease https://columbus-chamber.org/social-rental-platform-interview-with-richard-saville-ceo-of-break-your-lease/ https://columbus-chamber.org/social-rental-platform-interview-with-richard-saville-ceo-of-break-your-lease/#respond Thu, 08 Apr 2021 02:38:14 +0000 https://columbus-chamber.org/social-rental-platform-interview-with-richard-saville-ceo-of-break-your-lease/ To share Tweeter To share To share E-mail Australian entrepreneur Richard Saville created To break Your Lease, a new social platform app that allows people to list their apartment or take a lease for another rental. This is perfect for people who are facing financial difficulties or have a sudden change in their life and […]]]>

Australian entrepreneur Richard Saville created To break Your Lease, a new social platform app that allows people to list their apartment or take a lease for another rental. This is perfect for people who are facing financial difficulties or have a sudden change in their life and need to move quickly. The CEO will tell us more in this interview with TechBullion.

Please tell us your name and about you?

I am Richard Sullivan, an Australian businessman and application developer.

Early life – I was born in Australia and moved to New Zealand when I was young, where I attended primary school. I then returned to Australia to attend Queensland High School at St. Edmunds College. After graduating from high school, I obtained dual degrees in business administration and business administration. I then got another degree in Licensing Sales, Rental and Property Management before entering the real estate industry.

Career – From a young age, I always wanted to run my own business and be my own boss. After spending a few years learning management skills in the real estate industry, I started Reekko Entertainment, a company specializing in booking and management agency services.

Through Reekko Entertainment I have helped bring many well-known celebrities to Australia for performances, as well as manage their time in the country. These include, but are not limited to:

  • Fatman Scoop: R&B Fridays at SinCity, Gold Coast, Australia (2019)
  • Sean Paul & Crew: Ivy Rooftop, Sydney, Australia (2020)
  • Shaggy & Sean Paul: Ivy Night Club, Sydney, Australia (2020)
  • Sean Paul: GPO Night Club, Brisbane, Australia (2020)

Before the COVID-19 pandemic, I was also organizing tours and reservations for artists like J Cole, Cardi B, Kevin Hart and 50 Cent. These events will likely still take place after the pandemic, with dates to be announced.

Before the COVID-19 pandemic, I was already well into the development of an app to help landlords and tenants break their leases without the usual hassle. I identified a gap in the market, noticing that many of my friends were paying unnecessary amounts of money and rent while waiting for someone to take over their lease – that’s where my idea started.

Cancel your lease (www.breakyourlease.app) is a social platform connecting people and their leases to each other. Once the connection is established, they are encouraged to do their own research to make informed decisions to break or take the lease.

The app was launched in the Apple App Store in Australia and New Zealand in May 2020 and made available to those in the UK and US in August 2020. The app was released. coincided with the COVID-19 pandemic which has forced many people to break their commercial and residential leases. Recognizing the demand, Break Your Lease offered free ads for the first month to ease the financial burden on its users.

What is the breach of your lease?

Break Your lease is an application that works as a social connection platform. Its users list the rest of their residential or commercial leases for others to apply to take over the lease. Additionally, Break Your Lease lists vehicles, parking spots, and gym memberships. The more information the list has downloaded (i.e. photos and detailed descriptions), the better or faster the results of establishing a connection. Users exchanging messages are managed by notifications, which facilitates navigation.

What features and services make Break Your Lease unique from other rental apps?

The uniqueness of Break Your Lease App is its simplicity as a globally needed service. People need a quick and affordable process to get out of a lease or loan when life circumstances change. Break Your Lease provides a connection platform where people look for shorter leases and alternative ways to buy vehicles safely as financial approvals are done by the leasing agent.

Tenants owe a combined $ 57 billion in rent and utilities, could this be attributed to the COVID pandemic?

The size of the global rental market has seen a shift in population from cities to regional areas due to the impact of COVID-19.

COVID-19 has created a loss of jobs for some and the ability to work from home for others. Both have allowed people to move to cheaper rental areas. The coin of this proposition is that rental prices in these now sought after areas can push rental prices up and regional renters away from affordable living. A global response to COVID-19 has been to put in place moratoriums on rentals where tenants could not be evicted if they were financially affected by COVID-19 and mortgage ancestors to reduce financial hardship. These are expected to end globally in June 2020, when each country reassesses ongoing support. There will be more evictions, repossessions and the need for people to adjust their living conditions. Break Your Lease can help these people with an affordable social login platform to list leases and vehicle loans or rentals.

The latest stimulus bill includes $ 19.1 billion in rent relief funds, how can this help tenants ease this rent burden?

While the stimulus will support families a bit longer, the main issue is whether the government or families can bear the cost of living on an ongoing basis? Ultimately, people will have to make the decision to retrain or upgrade for a job and when and what the downsizing will look like. Is it about shrinking a family to one car or reducing the size of their house? Break Your Lease can provide an affordable social login platform for listing vehicle leases and loans, ultimately providing a quick fix while downsizing.

How is the Break Your Lease application beneficial for both the tenant and the lessor?

Break Your Lease is a resource that benefits both lessee and lessor. First, the renter will find the app user-friendly as they list their rental or vehicle loan. Getting in touch quickly with people looking for a rental or a pick-up vehicle and inquiries submitted directly to the rental company is an easy process. When the new tenant is approved by the landlord, there is a double gain, the tenant is released from the financial obligation to cover the rent until the end of the lease term. For the lessor, they retain control by controlling and choosing the incoming tenant. In addition, the lessor has not made any investment in the search for rental applications.

In which countries is the Break Your Lease app available and success stories to share with us?

The Break Your Lease app is widely used in Australia and works around the world.

Break Your Lease was launched in Australia in May 2020 and has gained over 700,000 users in six months. The momentum and adoption was quick and the leases didn’t last very long on the app. This is directly linked to the COVID-19 pandemic, which has seen students move out, people lose their jobs, move out and new people move in for the possibility of a shorter lease in these uncertain times.

Success Story # 1 – A couple who both adjusted to working from home, had little office space, no privacy for their confidential phone calls, struggled to work with each other. They wanted to move to a bigger location, but they still had 7 months left on their residential lease. They signed up on Break Your Lease and within two weeks they found a new home and found a connection that was verified and approved by their owner. The couple were grateful for the speed of the process as they had not encountered this work-life balance in their personal lives. Their work and personal life are much better for the changes they have made.

Success Story # 2 – A single person whose working hours were drastically reduced received the Government Supporting Wage Subsidy. He cut back on his man toys (his jet skis) to make sure he could pay off his mortgage rather than not being able to pay his expenses and worry about repossession.

We expect more registrations in the coming months with the lifting of government subsidies for covid.

Opportunities available for investors and partners at Break Your Lease?

The Break Your Lease app being sampled, tried, tested and running successfully in the Australian market with 700,000 downloads, the app is now being promoted to the global market. Partnerships are one option, they should be on a global level and in line with the business purpose: to provide a user-friendly service helping people in financial difficulty to forgo leases or loans.

For more information, visit the website: https://breakyourlease.app/









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Quicken Loans: C2 loan officers express “extreme frustration” over impending departure https://columbus-chamber.org/quicken-loans-c2-loan-officers-express-extreme-frustration-over-impending-departure/ https://columbus-chamber.org/quicken-loans-c2-loan-officers-express-extreme-frustration-over-impending-departure/#respond Thu, 08 Apr 2021 02:38:03 +0000 https://columbus-chamber.org/quicken-loans-c2-loan-officers-express-extreme-frustration-over-impending-departure/ The decision of C2 Financial To separate with Quicken Loans is of course a complicated matter. And, it’s the one that points to a bigger problem facing the mortgage industry. For now, the origins are compressed, despite expectations, strong economic figures. Although strange (economy on the rise, but loan on decline?), It will not always […]]]>

The decision of C2 Financial To separate with Quicken Loans is of course a complicated matter. And, it’s the one that points to a bigger problem facing the mortgage industry.

For now, the origins are compressed, despite expectations, strong economic figures. Although strange (economy on the rise, but loan on decline?), It will not always be so. Lenders are now lining up clients for upcoming refis in the next couple of years or so. However, the way they treat customers today is the point of contention today.

Since the Monday morning cup of coffee was posted, C2 Financial Managing Director Brian Kent has confirmed authorship of the memo stating that their relationship with Quicken Loans will end this week.

C2 spokesperson Ron Temko sent the following to the newly formed business group, the Association of Independent Mortgage Experts, on personal experience testing how Quicken treats homeowners – The same homeowners who initially took out mortgages at C2, but then had Quicken take over the mortgage management rights.

“Before sending the [aforementioned] memo I called Quicken to refinance a C2 loan. During my conversation, they had three “open” opportunities to return the loan to C2. (ie “Should I go back to the broker who gave me the loan, or should I deal directly with you?”) Each time the answer was “No, we will handle the loan” , according to an email allegedly sent by Temko to AIME.

“There was no system in place nor any effort to do it. Quicken’s goal was to get the loan for themselves in this conversation. I think if we had 100 of our loan officers doing a Similar call to Quicken for one of their loans, all 100 calls would equal the same result, “he said. This experience codified the decision to part with Quicken.

In several subsequent communications with HousingWire, Quicken said they are working to ensure that refis are offered to the original LOs of the loan first, and anticipate a rollout soon.

Quicken Loans CEO Jay Farner told me he’s already seen the fallout from the crippling C2 decision.

“Although we have not yet had a chance to speak with management, C2 employees have been very loud. Over 25 C2 loan officers have personally contacted the QLMS management team to express their extreme frustration at this seemingly rash decision, ”he said. .

“As C2 loan officers understand, this decision hurts them and their clients the most. It deprives loan officers of the choice to put their clients in touch with the lender who offers the best service in the industry and extremely competitive rates. “


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Don’t be careful with insurance https://columbus-chamber.org/dont-be-careful-with-insurance/ https://columbus-chamber.org/dont-be-careful-with-insurance/#respond Thu, 08 Apr 2021 02:37:41 +0000 https://columbus-chamber.org/dont-be-careful-with-insurance/ Breadcrumb Links Opinion Column Author of the article: Christine Ibbotson Christine Ibbotson Content of the article Dear Money Lady: Advertising This ad has not yet loaded, but your article continues below. Content of the article We recently became grandparents (finally!). We were concerned that our son has no insurance of any kind and none on […]]]>

Content of the article

Dear Money Lady:

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We recently became grandparents (finally!). We were concerned that our son has no insurance of any kind and none on his mortgage. We are retired, do we need it too? Could you talk about insurance in one of your next columns?

Thanks Jeanie

Yes I can Jeanie – thanks for asking!

Most people know they need to have insurance to pay for up-front one-time costs such as funerals, taxes, and debts (mortgages and loans). Others will go further and plan the current expenses that will continue after their death to support their spouse and children.

If you’re retired I’m not saying you should run out and get insurance. Insurance is something most would have bought when they were young, and the premiums were at their lowest. Many retirees use insurance for tax planning purposes to pay the capital gains tax their estate will owe upon death, and this is something you should discuss with your advisor to see if it’s worth it. Others may purchase insurance to provide a personal heirloom of remembrance when they die, leaving money to a special charity, hospital, or even an educational or religious organization.

But to meet Jeanie’s request for her son; insurance is definitely something you need during your working years when you have consumer debt and a young family. There are several types of insurance. The basics are income protection, mortgage loan insurance and survivor benefits. Most people have life and disability insurance from their employer, which is a very inexpensive way to acquire coverage. It’s easy to set up a direct debit from your payroll which can often provide additional insurance for your spouse and children.

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Mortgage insurance is also something you should have, but it might not be something you want from your financial institution. You see, this is an important source of income for the banks which will always provide mortgage and loan insurance to their customers. Bank insurance is very easy for the average person to purchase, but remember that the bank is the beneficiary, not you. Insurance is used to pay off the outstanding amount of your mortgage when you die. So if you took out a mortgage for $ 400,000 and the premiums were based on that amount, but you die when the mortgage balance was $ 150,000, the insurance will only pay off the outstanding balance of $ 150,000. $.

Good advisors have always had a habit of talking to their clients about insurance. It would be much better for clients to purchase term insurance, usually at a much lower premium than mortgage / bank loan insurance and for a fixed guaranteed amount. With term insurance, your coverage never decreases, your premium is fixed, and you can choose the beneficiary. So if you take out a term policy for $ 400,000 to cover your debt, but die when your debt is $ 150,000, as in the example above, your family receives the full $ 400,000. They can then pay off the unpaid mortgage and use the balance for something else.

Term insurance is cheaper than permanent life insurance, so it’s easy to afford additional coverage for a specified period during your working years. Payments are still blocked and will not change for the length of time you choose. It’s a good idea to choose a 20-year term to lock in a lower premium for a longer period. You can cancel it at any time, or you can convert your policy to permanent life insurance, usually without having to re-qualify.

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Planning for the future should always include planning for possible unexpected events. Avoid the temptation to put your plans on autopilot. It is important for you to have a well thought out strategy that provides for loss of income and protection against the unexpected. This means that you must have a will, power of attorney, and insurance. Don’t make foolish decisions not to protect your family and property to save a few dollars. It’s not worth the shot. Smart financial planning means you should never leave yourself unprotected. Really, it is the only way to ensure the stability of your family in the event of an unexpected death.

It is your responsibility to have a say in your will, to make sure your requests are known and addressed in your power of attorney, and to make sure your family is not deprived by having life insurance.

Good luck and best wishes,

Christine Ibbotson

Christine Ibbotson is the author of three books on finance and the Canadian bestseller “How to Retire Debt Free & Wealthy”. For more information, go to www.askthemoneylady.ca or send a question to info@askthemoneylady.ca.

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No charges will be laid after a 10-year-old accidentally kills his brother with a gun: DA https://columbus-chamber.org/no-charges-will-be-laid-after-a-10-year-old-accidentally-kills-his-brother-with-a-gun-da/ https://columbus-chamber.org/no-charges-will-be-laid-after-a-10-year-old-accidentally-kills-his-brother-with-a-gun-da/#respond Thu, 08 Apr 2021 02:37:15 +0000 https://columbus-chamber.org/no-charges-will-be-laid-after-a-10-year-old-accidentally-kills-his-brother-with-a-gun-da/ 10 year old boy playing with a gun accidentally shot his older brother in the head on Valentine’s Day resulting in the death of the 12-year-old boy on Thursday, the district attorney’s office announced Friday. The office said in a statement released Friday afternoon that they had completed their investigation and concluded there would be […]]]>

10 year old boy playing with a gun accidentally shot his older brother in the head on Valentine’s Day resulting in the death of the 12-year-old boy on Thursday, the district attorney’s office announced Friday.

The office said in a statement released Friday afternoon that they had completed their investigation and concluded there would be no criminal charges.

Dauphin County District Attorney Fran Chardo gave this account of the shooting, which occurred just after noon on February 14 in the 2900 block of Sycamore Street:

The parents left their two sons home alone to attend brunch.

“The brothers were mature enough that they could be left at home unattended,” Chardo said.

The boys were playing video games, then the younger one found a single-action revolver hidden on the top shelf of his parent’s bedroom closet. The gun did not fit in the parents’ safe because of the length of the barrel.

All the other guns in the house were secured in the safe or with locks except for this gun, Chardo said.

The boy pointed the gun at his brother.

“Their intention was to play like they did in the video game,” Chardo said. “He accidentally fired the gun hitting his brother in the head.”

The 10-year-old then ran outside in the snow without shoes for help. He tried to flag down several motorists who did not stop.

But Harrisburg’s Jeree Clark saw the boy and stopped to ask what was wrong. The boy replied that he needed help because he had shot his brother.

Clark called 911 and secured his own child in his car, then entered the house with the 10-year-old boy to try and help the injured boy.

“Throughout this time, Ms. Clark continued to provide information to the dispatcher until emergency responders arrived,” Chardo said. “The District Attorney will more fully recognize Ms. Clark for her extraordinary response to a tragic situation at a future date.”

The investigation concluded that the 10-year-old’s actions were entirely accidental, Chardo said.

Further, the district attorney determined that the parents had educated their children on gun safety and attempted to secure deadly weapons in the home.

“Tragically, the gun that caused the death was not secured the same way other guns are,” Chardo said. “Given the terrible loss this family has already suffered, even if there was prima facie evidence, criminal prosecution is not in the public interest.”

Chardo said Detective Ryan Gartland of Swatara Township and Lt. Tim Shatto rendered exceptional services in the investigation and Deputy Chief Prosecutor Jack Canavan worked closely with the Swatara Township Police Department in during the in-depth investigation.

READ: Teenage girl had ‘suicidal and homicidal thoughts’ the night her older sister was stabbed to death: files


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Current mortgage rates – March 8, 2021: mixed rates, but rising on most loans https://columbus-chamber.org/current-mortgage-rates-march-8-2021-mixed-rates-but-rising-on-most-loans/ https://columbus-chamber.org/current-mortgage-rates-march-8-2021-mixed-rates-but-rising-on-most-loans/#respond Thu, 08 Apr 2021 02:36:30 +0000 https://columbus-chamber.org/current-mortgage-rates-march-8-2021-mixed-rates-but-rising-on-most-loans/ While this does not influence our opinions on the products, we may receive compensation from partners whose offers appear here. We are by your side, always. See our full advertiser disclosure. Image source: Getty Images Mean mortgage rates increased for most loans on Monday, March 8, 2021. Although rates have risen in recent weeks and […]]]>

While this does not influence our opinions on the products, we may receive compensation from partners whose offers appear here. We are by your side, always. See our full advertiser disclosure.

Image source: Getty Images

Mean mortgage rates increased for most loans on Monday, March 8, 2021. Although rates have risen in recent weeks and are up from record lows, they remain competitive.

If you’re thinking about borrowing to buy a home, check out today’s average interest rates to see how much your loan could cost you.

Mortgage type Interest rate of the day
30-year fixed mortgage 3.152%
20-year fixed mortgage 2.813%
15-year fixed mortgage 2.439%
5/1 ARM 2.865%

The data source: The Ascent National Mortgage Interest Rate Tracker.

30-year mortgage rates

The average 30 year mortgage rate today is 3.152%, down 0.005% from Friday’s average of 3.157%. A loan at the current average rate would cost you $ 430 per month in principal and interest for every $ 100,000 you borrow. The total interest charge would be $ 54,745 per $ 100,000 borrowed over the term of the loan.

20-year mortgage rates

The average 20-year mortgage rate today is 2.813%, up 0.005% from Friday’s average of 2.808%. You would consider a principal and interest payment of $ 545 per $ 100,000 borrowed at today’s average rate. Over the life of the loan, the total interest charge would be $ 30,868 per $ 100,000 of mortgage debt.

Loans with shorter repayment terms have higher monthly payments but cost less interest over time. This is the case here with the 20 year mortgage versus the 30 year loan. Although the interest rate is lower, you make payments for a decade less, so the monthly costs are inevitably higher.

15-year mortgage rates

The average 15-year mortgage rate today is 2.439%, up 0.005% from Friday’s average of 2.434%. For every $ 100,000 borrowed at today’s average rate, your total monthly payment of principal and interest would be $ 664. During the entire repayment period of your loan, you would pay a total interest charge of $ 19,506 per $ 100,000 borrowed.

A 15-year loan has a lower interest rate than a 30-year or 20-year loan. This low rate, combined with a short repayment term, means that the total interest charges are extremely low. Of course, since you are making a lot less payments, each is a lot higher.

5/1 arm

The average ARM rate 5/1 is 2.865%, up 0.047% from Friday’s average of 2.818%. Although the ARM rate is currently slightly lower than the 30-year fixed rate mortgage rate, ARMs are riskier loans because your rate may adjust upward after the initial five-year period in the period. during which it is fixed. Taking the risk only makes sense if your starting interest rate is significantly lower than fixed rate alternatives.

Should I lock in my mortgage rate now?

A mortgage rate freeze guarantees you a certain interest rate for a specified period of time – typically 30 days, but you may be able to guarantee your rate for up to 60 days. You will usually pay a fee to lock in your mortgage rate, but this way you are protected in the event of a rate hike before your mortgage closes.

If you plan to close your home within the next 30 days, it pays to lock in your mortgage rate based on today’s rates, especially since they are very competitive. But if your close is more than 30 days away, you might want to choose an adjustable rate lock instead for what will usually be a higher fee, but could save you money in the long run. A variable rate lock allows you to get a lower rate on your mortgage if rates drop before you close, and while rates today are still quite low, we don’t know if rates will go up or down. over the next few months. As such, it is beneficial to:

  • LOCK if closing in 7 days
  • LOCK if closing in 15 days
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National League handing out penalty on Dover Athletic shows more incompetence in football power https://columbus-chamber.org/national-league-handing-out-penalty-on-dover-athletic-shows-more-incompetence-in-football-power/ https://columbus-chamber.org/national-league-handing-out-penalty-on-dover-athletic-shows-more-incompetence-in-football-power/#respond Wed, 07 Apr 2021 23:17:43 +0000 https://columbus-chamber.org/national-league-handing-out-penalty-on-dover-athletic-shows-more-incompetence-in-football-power/ The EFL and FA need to take a close look at the credibility of the National League – and it’s high time the government started regulating football. Have a thought for Dover Athletic, docked TWELVE points for next season and a £ 40,000 fine by the brilliant sparks that run the first two levels of […]]]>

The EFL and FA need to take a close look at the credibility of the National League – and it’s high time the government started regulating football.

Have a thought for Dover Athletic, docked TWELVE points for next season and a £ 40,000 fine by the brilliant sparks that run the first two levels of football outside the EFL.

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Dover Athletic’s scenic Crabble pitch is located in the village of River – but the club will be docked at 12 points early next season

What could their crime be? Accumulate huge debts that they can hardly afford and negotiate while insolvent, which is illegal under corporate law? No.

This small, well-run Kent Coast club had the audacity not to do so. Don’t tear up their model of caution.

Not joining other clubs to take a huge loan that they could pay back for a decade.

Faced with the real prospect of doing what football was supposed to disapprove of after seeing what happened to clubs like Bury, Blackpool, Bolton and countless others, they instead joined thousands of other companies in the real world. by putting their staff on leave.

Gillingham and Watford legend Andy Hessenthaler and his players were put on leave in February – nearly two months after government support for National League clubs ended – and they told powers in instead that they would only be able to resume play once they had funds to afford it.

The league, however, accused them of not having “just cause” to stop filling their matches and after finding the club guilty, they erased their results from this season’s records. The team had only played 15 games when they stopped playing.

What stank the sanction was that the clubs were given assurances from the National League that if fans were not allowed in beyond December, support for the grant would continue. The posts were moved and suddenly it was no longer grants but loans.

In Dover’s case, they should have withdrawn £ 450,000 – and, for a small club, that’s a big deal.

I happen to know Dover Athletic well as a proud man from Kent.

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Jim Parmenter is the chairman of Dover who put his entire gaming team on leave when government grants pledged beyond December failed to materialize

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Jim Parmenter is the president of Dover who put his entire gaming team on leave when government grants pledged beyond December failed to materialize
Gillingham and Watford legend Andy Hessenthaler manages the Kent Port team

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Gillingham and Watford legend Andy Hessenthaler manages the Kent Port team

As a kid I used to climb the fence behind the River End booth at their Crabble pitch with a few friends from school when our spending money didn’t cover the turnstile fees.

At 19, as a fresh-faced sports reporter for the East Kent Mercury, I covered their home and away games.

It’s a great little club that relies on its community and volunteers, like so many in the lower leagues.

President Jim Parmenter, whom I have known for almost 25 years, is a local businessman who has a decent amount of money to support the club but cannot simply fund it without any funds going through. the doors.

And his own business – a fruit and vegetable import company – has also been hit hard by the pandemic.

When he took over a debt-ridden club 16 years ago, they were hours away from being wound up.

He promised that they would never be put in this position again while he was running the show.

And without paying what they can’t afford, they’ve climbed three divisions, built a new clubhouse, a new eco-friendly booth, and opened an academy.

Dover also earned its FA Chartered club status.

The National League disciplinary committee that heard this case was supposed to be independent.

But former FA football administration chief Graham Noakes and FA Judicial Panel members Peter Barnes and Alan Hardy have all been closely involved in football.

SunSport's Justin Allen (right) with Dover president Jim Parmenter, manager Steve Parmenter and veteran club secretary and local legend Frank Clarke (left) enjoy a pint together

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SunSport’s Justin Allen (right) with Dover president Jim Parmenter, manager Steve Parmenter and veteran club secretary and local legend Frank Clarke (left) enjoy a pint together
Parmenter and Ian Wright pose for the camera as Dover and their directors were taken to meet the Crystal Palace legend by SunSport ahead of their 2015 FA Cup third round match

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Parmenter and Ian Wright pose for the camera as Dover and their directors were taken to meet the Crystal Palace legend by SunSport ahead of their 2015 FA Cup third round match
Back in the days when fans passed the turnstiles but without them, the National League expected Dover to take out a loan of £ 450,000 to end their season.

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Back in the days when fans passed the turnstiles but without them, the National League expected Dover to take out a loan of £ 450,000 to end their season.

And, while there is no suggestion that they’ve done anything wrong, they don’t seem very independent to me. Shouldn’t it have been made up of business experts and lawyers?

Their justification for the sanction is also crazy. Dover presented compelling evidence, backed by lawyers and insolvency practitioners (people who actually know what they’re talking about) that continuing their season was not sustainable.

But the panel, despite claiming to have considered the financial information provided and to respect the club directors’ liability under company law, could not get one of their clubs to do things right.

No, because 22 other clubs decided to go into debt, Dover was also supposed to do so. Even so, that’s against the league’s own rules.

The other conclusion was that the club had received a base payment of £ 70,000 for the season and ‘were benefiting considerably from not finishing the season compared to other clubs who have continued’.

Again, the club is simply punished for not joining the rest.

The National League also said Dover’s actions went against the “integrity” of the competition.

What a tosh. Some clubs have put high-income players on leave and replaced them with cheaper ones, which is against government leave rules and some are fielding teams that are much weaker than those who started the season.

This whole mess, as I’ve written over the past few weeks, could have been avoided by postponing the season until the spring and ending it when the fans are likely back.

As for the government, why would it simply not allow grants to struggling clubs like Dover to continue until the summer? They have to pay on the leave plan anyway.

This whole sorry episode – along with those of the 15 other Sixth Division clubs accused of non-compliance with matches – is another example of blatant incompetence in football.

Even during a global pandemic, not a shred of common sense has been demonstrated with those in football’s corridors of power far removed from the real world.

?? Read our Live football blog for the latest news from the field

Forest Green Rovers’ Jamille Matt’s fingers twisted in horror injury before the distraught striker stretched


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Former Michigan priest accused of sexually assaulting 14-year-old boy in 1977 https://columbus-chamber.org/former-michigan-priest-accused-of-sexually-assaulting-14-year-old-boy-in-1977/ https://columbus-chamber.org/former-michigan-priest-accused-of-sexually-assaulting-14-year-old-boy-in-1977/#respond Wed, 07 Apr 2021 23:17:41 +0000 https://columbus-chamber.org/former-michigan-priest-accused-of-sexually-assaulting-14-year-old-boy-in-1977/ LANSING – A former Michigan priest has been charged with sexually assaulting a minor, Michigan Attorney General Dana Nessel said Tuesday. Gary Berthiaume, 78, formerly of Farmington, is charged with one count of second degree criminal sexual conduct, a 15-year felony. He was arrested today at his home in Warrendale, Ill., And is due to […]]]>

LANSING – A former Michigan priest has been charged with sexually assaulting a minor, Michigan Attorney General Dana Nessel said Tuesday.

Gary Berthiaume, 78, formerly of Farmington, is charged with one count of second degree criminal sexual conduct, a 15-year felony. He was arrested today at his home in Warrendale, Ill., And is due to be extradited to Michigan, where charges were authorized last week.

The victim, who was 14 at the time, said the assault took place in August 1977 at Our Lady of Sorrows parsonage in Farmington, where Berthiaume was a priest of the Archdiocese of Detroit.

Berthiaume was arrested in 1977 for sexual assault on two other minors in Michigan. After serving a jail term in the Oakland County Jail, he was transferred to the Diocese of Cleveland, Ohio. He was transferred again in 1987 to the Diocese of Joliet in Illinois.

“My office’s investigation into clergy abuse will continue to receive, investigate and act on credible allegations of abuse on behalf of the many victims who have come forward,” Nessel said in a statement.

“Criminal sexual behavior at any level must not be tolerated, and we must ensure that justice is served to those who assault others, especially authority figures and those in positions of power who prey on the weak and the vulnerable. “

Berthiaume’s arrest comes as Nessel’s office continues to investigate sexual abuse in the state’s seven Catholic dioceses.

Over 1.5 million paper documents and 3.5 million electronic documents were seized thanks to search warrants executed in October 2018. Including Berthiaume, the Attorney General’s investigation resulted in criminal charges against 11 people with links to the Catholic Church.


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Custom poems, live music as part of Flint’s free art events this weekend https://columbus-chamber.org/custom-poems-live-music-as-part-of-flints-free-art-events-this-weekend/ https://columbus-chamber.org/custom-poems-live-music-as-part-of-flints-free-art-events-this-weekend/#respond Wed, 07 Apr 2021 23:17:39 +0000 https://columbus-chamber.org/custom-poems-live-music-as-part-of-flints-free-art-events-this-weekend/ FLINT, MI – Looking to have some fun in downtown Flint this weekend? Flint’s Downtown Development Authority has planned a series of arts events, including a day of outdoor music and personalized poetry. The What’s Up Downtown ProjectThe list of events begins Thursday night at 6 pm with “Soul Stroll,” in which blues musicians The […]]]>

FLINT, MI – Looking to have some fun in downtown Flint this weekend? Flint’s Downtown Development Authority has planned a series of arts events, including a day of outdoor music and personalized poetry.

The What’s Up Downtown ProjectThe list of events begins Thursday night at 6 pm with “Soul Stroll,” in which blues musicians The Frenchtown Playboys will stroll down Saginaw Street and perform. Another Soul Ride starring Jeff Warner and Kedree Young is scheduled from 6 p.m. to 9 p.m. Friday. The goal of the walk is to introduce street music to the city center and get residents used to donating to street musicians, said Kady Yellow, the project’s creative director.

“We’ve planned a really cool, socially distanced weekend for the people here in Flint,” Yellow said. “It’s safe, and it’s healthy, and it’s very rewarding.”

A “Poet for Hire” pop-up event will also begin at 6 pm Friday at Churchill’s Food and Spirits, located at 340 Saginaw Street. Five local poets will sit at tables with vintage typewriters, inviting passers-by to sit with them and take away a custom poem after a conversation, Yellow said.

“The idea is to reintroduce chance encounters during the pandemic,” Yellow said. “We removed that element of magic and socializing. Even if you meet someone, we are nervous about stopping and talking. It gives an excuse and it’s non-contact, you don’t touch yourself, you are 6 feet from the poet, everything is pandemic-kosher. “

On Saturday, 12 hours of outdoor music will begin at 9 a.m. at Café Rhema, located at 432 S Saginaw St. The event will continue until noon with two concerts on the porch at the Whaley Historic House Museum, located at 624 E Kearsley St., and will end at Blackstone’s Smokehouse later that night with a performance by Eclipse Band. A $ 15 ticket to one of the porch concerts will provide free entry to concerts at the other two venues, and also includes a free cup of filter coffee at Café Rhema and a free drink at Blackstone’s, located at 531 Saginaw St .

For more details on this weekend’s events, visit What’s Up Downtown’s Facebook page or see his calendar of events here.

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