Government Grants for All

Underage Drinking Video: SAMHSA’s YouTube Channel Features Underage Drinking Video Series

SAMHSA’s You Tube Channel
features several new videos produced by states and territories as part of a unique initiative to increase awareness of underage drinking and mobilize young people, their families, and their communities.

U.S. Government News

Tags: Channel, Drinking, Features, SAMHSA’s, Series, Underage, Video, YouTube

Shopping for an Owner Builder Construction Loan: The Features You Need to Look For Before Building

Most new homes in America are built by builders or developers who build the new home with their own money or lines of credit in order to sell the finished home to the new customer. The new buyer simply obtains a regular “purchase money” loan and buys the house.

This is the simplest form of construction financing. Of course, the builder’s borrowing costs are built into the price the new home buyer pays.

Increasingly, however, this form of financing is becoming rarer. Often, builders are becoming more reluctant to use their own funds to build for someone else as their banks are tightening their lines of credit and making it more difficult and expensive for them to get the needed funds.

As builders become less likely to fund your new construction, prospective new home owners who wish to build a custom home are forced to fend for themselves when it comes to construction financing.

Enter the construction to permanent (CTP) loan.

There are a wide variety of construction loan choices out there. And many of them are woefully inadequate for most people – especially if you want to act as your own general contractor (known as owner-builder construction).

Local banks tend to be very conservative and will not even consider lending their money unless you fit exactly into their guidelines. This typically means having a fixed price contract with a licensed and approved builder, selling your current home prior to qualifying, and even making a large down payment or owning the land first.

Occasionally, a local bank will give you permission to be your own contractor, if you jump through enough hoops for them. They may require an extra large down payment or that you own the land free and clear before they lend you the money to build. In the end, most local bank’s construction loan programs will have one or more restrictions that make their programs unusable, more restrictive and even more expensive than a good alternative.

As an owner-builder, your search for a construction loan should be focused on finding the loan features that will best fit your scenario. Finding this type of program gives you the greatest chance of success and your best opportunity to save money on your project.

Within the world of owner-builder construction loans, there are only a handful of options that make sense. Some of the features that should be most important are:

o Ability to be your own contractor without needing to make a large down payment – if any at all. “Large” means anything more than 5% for a conventional size loan and 10% for a loan up to ,000,000.

o No “consulting fees” or monthly “administrative” fees charged to you just for doing a loan. Please understand, you need to expect to pay for an owner-builder loan in the form of origination or discount fees, but you should not also need to pay a consulting fee.

o No requirement to sell your current home before you can qualify for the new construction loan. Many lenders will force you to sell your current home before you start building the new one, meaning you will be forced to move twice in a short time just to get the loan.

o No payments, interest or other, while you build. The best CTP loans allow for an “interest reserve” to be built right into your new loan so you are not forced to make both your current home’s payment plus the new one. Most programs that allow for an interest reserve also allow you to choose to make the monthly interest payment if you want.

o No upfront or “application” fees. Avoid any lender who requires any kind of upfront fee or “deposit” of any kind.

o Easy draw administration and unlimited draws. This means easy for you, the owner-builder, not the bank or your sub-contractors. After all, if you can’t get access to and control your money, all the other terms really don’t matter.

o One-Time closing. The best construction loans allow you to close only once for both your construction funds and your permanent mortgage. This will save you several thousand dollars in the long run.

o A staff of professionals who understand both construction and construction financing. Ask the person you are speaking with how many homes they have built themselves as an owner-builder. If you are dealing with a loan officer who has never built his or her own home and cannot speak to you from specific experience, you should look elsewhere.

The importance of working with knowledgeable professionals cannot be stressed enough. Half of the battle is learning to ask the right questions.

Note that the above list did not mention anything about construction interest rates. It is not that rates are not important; it is just that they are among the least important features of a good owner-builder construction loan.

This does not mean that owner-builder loan interest rates are necessarily higher than other construction loan rates – they will probably be about the same. But, who cares? It really shouldn’t matter to you if the interest rate during the period of construction is the same, a little lower, or even a little higher than a construction loan in which you are required to hire a builder.

Why? There are a couple of reasons, actually.

First and foremost, you are seeking a loan that will enable you to save tens of thousands of dollars by acting as your own contractor. The tiny (and it is tiny) difference in interest you will pay over a six to twelve month period is meaningless when compared to what you will save by being your own GC.

Second – and this is important to remember – despite the fact that every potential owner-builder is positive that he or she will build successfully on time and under budget, the reality is that owner-builder loans represent the most risky category of construction loan a lender can make. That is why there are so few available to start with. And, that is why you need to be prepared to pay a little more for the privilege of getting one of these loans.

Smart owner-builders understand that they need to focus on that “big picture.” Your goal is to build the exact home you want, your way, while saving tens of thousands of dollars. If the vehicle you need to reach that goal costs a little more, why should it matter? It is important to remember that:

A) Construction loans are short-term loans and the rates are therefore tied to short term funds – typically the prime rate. As the prime rate goes up, construction rates* will follow. And, vice-versa.

B) Owner-builder construction loans are very risky and very specialized. Accept this fact and the fact that you may pay a little more for the privilege of having access to this type of money.

C) Your permanent rate, and the choices you have related to that, is the more important thing to consider when looking at rates.

D) Rates are the least important feature to shop for. Remember to focus on the features that will benefit you the most and help you accomplish your goal – the big picture!

The smart shopper shops for loan features, not interest rates. The features that an owner builder needs are not necessarily the same as those a borrower hiring a general contractor needs. Refer back to the list of important features above as you examine loan programs. And always remember that you are in charge during this process.

Tags: Before, Builder, Building, Construction, Features, Loan, look, Need, Owner, Shopping

Better Features in Modern Day Itunes Organizer

Support for Smart Playlists
Modern version of iTunes organizer comes with support for smart playlist. These are playlists that are set to filter virtual library based on a customized list of better selection method. It acts like a database query which allows multiple criteria to be entered in managing smart playlists.

Support for Publishing a playlist to the iTunes Store
Modern version of iTunes organizer also has unique features that allow you to publish a playlist to the iTunes Store using your own preferences. This is usually known as iMix. There’s also what is known as Party Shuffle playlist which selects tracks randomly from your playlists or the virtual library. You can as well override the automatic selections by deleting some tracks you no longer need. The organize itunes will always choose better files to replace the ones you delete.

Drag-and-drop Menu Feature
In latest iTunes organizer, the drag-and-drop feature also known as “contextual menu” is always present. It allows a mixture of both the random tracks and the preselected ones to appear in the same meta-playlist. You can then make whatever changes you desire as the software helps you in organizing all the music and video files in the playlist. In most cases, playlists could be played sequentially or randomly. The playlist shuffle makes this possible.

Sound Processing Features
Latest iTunes organizing software also comes with quality Sound processing features such as sound enhancement, cross-fade and equalizer. It also comes with a feature known as “Sound Check”. This adjusts the playback volume of all music files in the library to the same level in an automatic manner. This particular function is known as “audio normalization” or “volume leveling”. You can always turn it on in the playback sections of the iTunes menu options.

Video Support Features
Unique iTunes organizer also comes with special video supports features. This helps you to drag and drop video clips from your PC into the ITunes virtual library. It also helps a lot in proper organization and cataloguing of the video files. You can then view the video files in small frame of the iTunes main display section. You can also view them in full screen mode or in a separate window fashion.

In all, more wonderful features are still found in modern day iTunes organizer. Always make sure you go for the best when you plan to download the software for your music and video files organizations.

Tags: Better, Features, Itunes, Modern, Organizer

Tax Features Of An Equity Release Mortgage

An Equity release is no more than a mortgage on your home that pays you for the equity that you have in your home when you reach retirement age. This is a very good way to increase the amount of money you get each and every month in your retirement. This will help greatly if your pension is not enough or if you did not save enough for a comfortable retirement.

The tax related benefits in a plan like this is well worth looking at. This alone can be a very good selling point for a plan like this. Not only will you enjoy the tax breaks, but your heirs will get some too.

Starting with the biggest tax benefit of all, any money that you get from a plan like this is considered to be tax free as it is only releasing money from your primary residence which does not attract taxation under UK Law. If you take the maximum amount of money at outset, it is possible release anywhere from £10,000 up to 50% + dependent on your age and property value.

Even if you are going to take the option that allows you to drawdown equity as and when you need it, the money you receive is still considered to be tax free. In fact it may also be possible to take an initial lump sum and also have a facility for equity release drawdown at a later stage.

For those receiving any means tested benefit from the government, you should note that if after drawing down a lump sum your combined savings are going to be more than £10,000 the pension credit, savings pension credit or council tax benefit may be affected.

As far as the benefits to your heirs, they could benefit by a reduction in the amount of inheritance tax that they pay. Because the property will be encumbered, there will be no inheritance tax on the amount that is borrowed against the property. If the remaining equity falls below the IHT threshold, it may even be possible to mitigate IHT all together.

This benefit will help greatly in many estates today. With increases in house prices over the last 10 years, property has significantly increased in price leaving many with a property value above the level where IHT is not payable. When it comes to paying inheritance tax, the Inland Revenue always wants their money, so being able to mitigate a potential IHT issue by using Equity release could be of great benefit to ones heirs.

As with all financial products, Equity Release Schemes have both pros and cons attached and should be considered carefully and preferably with the assistance of a suitable adviser. If you are age of 55 or over, own a home, and want to increase your income, this is well worth looking into.

Tags: equity, Features, Mortgage, Release

Cole Haan Juno Features Burnished Calfskin With Custom Grommets and NIKE AIR Technology For Supreme Cushioning

Mens Nike Air Cole Haan Shoes

Just like the Cole Haan line of womens shoes are exquisite, the mens are most fashionable as well. There is a full line of the Cole Haan Nike shoes for men and both in casual wear as well as dress.

A good example of this, when it comes to the casual shoe, is the mens Cole Haan Air Dempsey Venetian casual shoe. These particular shoes are available in the light brown or black. They are constructed with the famous Nike air technology, which affords the extra comfort which goes along with the Cole Haan shoes. Along with the way these shoes are manufactured and the Nike technology combined with the craftsmanship, is what makes this line of shoe so special.

A very comfortable and well sought after pair of shoes is the Cole Haan Air Mens Emmerson slip-on. These particular shoes, have a higher upper piece than some of the others, although they are made with a soft leather in this area for comfort. They are also known for ease of getting them on, and again they are made with the Nike air and the rubber sole, which gives a great benefit when it comes to absorbing the shock of everyday walking.

It has to be remembered that the Cole Haan line of shoes has been in business for over 80 years. They are shipped to all parts of the United States and can be purchased from many superior online stores, carrying quality shoe wear. Back in the 20s, when the Cole Haan shoes first came out for men, they were considered to be the most upper-class of shoes, which a gentleman could own. It spoke of quality and good taste, when an individual would choose a pair of the Cole Haan shoes. As time progressed, and Nike came out with their technology, it wasn’t long before Cole Haan took the opportunity to utilize this in their shoe-making. It obviously was an excellent move, as it increased the value of the mens Nike Air Cole Haan shoes dramatically.

Although we’ve mentioned a couple of very popular Cole Haan Air Nike shoes, the air Owen Venetian casual shoe must be mentioned as well. This particular shoe comes in the standard black or brown. Many people will use these, not just as only a casual pair of shoes, but men will also enjoy wearing them for a more formal setting.

There probably isn’t a man who would not be able to find a pair of Mens Nike Air Cole Haan Shoes which suit his requirements. It doesn’t matter whether it is for casual or dress, either way, they are the most comfortable pair of shoes to wear.

It would seem that all of the shoes found within the Cole Haan line both mens and womens are well recognized in the fashion world and well worth owning. There is no flaws when it comes to the Mens Nike Air Cole Haan Shoes.

Tags: Burnished, Calfskin, Cole, Cushioning, Custom, Features, Grommets, Haan, Juno, NIKE, Supreme, Technology

Cole Haan Juno Features Burnished Calfskin With Custom Grommets and NIKE AIR Technology For Supreme Cushioning

Mens Nike Air Cole Haan Shoes

Just like the Cole Haan line of womens shoes are exquisite, the mens are most fashionable as well. There is a full line of the Cole Haan Nike shoes for men and both in casual wear as well as dress.

A good example of this, when it comes to the casual shoe, is the mens Cole Haan Air Dempsey Venetian casual shoe. These particular shoes are available in the light brown or black. They are constructed with the famous Nike air technology, which affords the extra comfort which goes along with the Cole Haan shoes. Along with the way these shoes are manufactured and the Nike technology combined with the craftsmanship, is what makes this line of shoe so special.

A very comfortable and well sought after pair of shoes is the Cole Haan Air Mens Emmerson slip-on. These particular shoes, have a higher upper piece than some of the others, although they are made with a soft leather in this area for comfort. They are also known for ease of getting them on, and again they are made with the Nike air and the rubber sole, which gives a great benefit when it comes to absorbing the shock of everyday walking.

It has to be remembered that the Cole Haan line of shoes has been in business for over 80 years. They are shipped to all parts of the United States and can be purchased from many superior online stores, carrying quality shoe wear. Back in the 20s, when the Cole Haan shoes first came out for men, they were considered to be the most upper-class of shoes, which a gentleman could own. It spoke of quality and good taste, when an individual would choose a pair of the Cole Haan shoes. As time progressed, and Nike came out with their technology, it wasn’t long before Cole Haan took the opportunity to utilize this in their shoe-making. It obviously was an excellent move, as it increased the value of the mens Nike Air Cole Haan shoes dramatically.

Although we’ve mentioned a couple of very popular Cole Haan Air Nike shoes, the air Owen Venetian casual shoe must be mentioned as well. This particular shoe comes in the standard black or brown. Many people will use these, not just as only a casual pair of shoes, but men will also enjoy wearing them for a more formal setting.

There probably isn’t a man who would not be able to find a pair of Mens Nike Air Cole Haan Shoes which suit his requirements. It doesn’t matter whether it is for casual or dress, either way, they are the most comfortable pair of shoes to wear.

It would seem that all of the shoes found within the Cole Haan line both mens and womens are well recognized in the fashion world and well worth owning. There is no flaws when it comes to the Mens Nike Air Cole Haan Shoes.

Tags: Burnished, Calfskin, Cole, Cushioning, Custom, Features, Grommets, Haan, Juno, NIKE, Supreme, Technology

Features Of Student Loan Calculators

Student loan calculators are very significant planning tools for students in order to arrange repayments on their various student loans. About half the students in America alone are graduating in close companionship with a loan of an average of $10K. With the graduate degree and the chance to get photographed for posterity in the mortarboard and the black graduation suit, they have scrolls of loan documentation that they need to find a proper solution to. Getting jobs is becoming more and more difficult by the day, and the dreams students saw in their pre-graduation days – the real American dream – seems to get squashed even before the first frame can halfway come true.

This is where the student loan calculators come in the picture. More than anything else, they help students to get a real summary of the way they can work out their loan. These calculators are online and can be accessed quite easily.

Student Loan Calculators – The Features

Basically, student loan calculators will need about five to six pieces of information on the student loan, based on which they will produce their result. Typically, the calculators will ask for the following things:-
Principal balance on the loan
Rate of interest of the loan
Tenure of the loan
Fees on the loan
Minimum payments on the loan
The principal balance is the amount that is due at the time of making the calculation. Rates of interest will vary from loan to loan. This rate is taken by default for the common federal loans – the Perkins Loan is at 5%, the Federal Stafford Loan is at 6.8% and the Federal PLUS Loan is at 8.5%.

Tenure on the loan is to be inputted in number of years that are left for the loan at the time of making the calculation. It is auto-converted into months for the calculations. Whatever fees on the loans were applicable have to be mentioned here. Also, if there is a minimum payment on the loan to be done each month – like $50 – then that has to be mentioned.

Student Loan Calculators – The Results

The results that the student loan calculators show are a comprehensive summary of the way the repayments need to be made. The following are some of the important inclusions in the results:-
The first important aspect of the results of the loan calculators are an estimated monthly repayment that the student will need to make on the loan. This repayment amount is calculated taking all necessary factors into account.
The second main thing in the results will be an estimated required monthly income that will be needed in order to make the repayment without any problem. By default, the repayment is calculated as 10% of the total monthly income – at least that is what is required so that the student does not feel the pinch while making the repayment. A 15% repayment figure will make the student feel the pinch a bit, and anything above that could plunge the student into the poverty line.
Student Loan Calculators – The Advantages

One of the most important benefits of the student loan calculators is that they tell the student exactly how much income would be required in order to make the repayments in a relaxed manner. The figures mentioned in the loan calculator results would help the students to know how they should manage their finances so that the amortization does not become too burdensome.

Student loan calculators can actually help students to get rid of their debts faster. By altering the rates and minimum loan payments, etc. they can see how their repayment schedule would be changed and whether they can make that repayment or not. Hence, they can find out alternatives to make a faster repayment on their student loans.

The results will also show how adjusting factors a bit can help the student to manage the loan more efficiently. For example, if the loan was to be consolidated and the interest rate reduced even marginally, then the loan calculator would show how much actual monetary savings could be obtained. Similarly, if the loan was refinanced and a different principal amount would be made available to the student, then the difference in the amounts of repayment is made clear from the results. Thus, the student can take an informed decision of whether consolidating or refinancing the loan would really make any substantial difference or not.

Most importantly, student loan calculators are freely available on the Internet. That is what makes them so very popular. These loan calculators are mostly used as advertisements by websites that are also selling several other financial services.

Student Loan Calculators – The Shortcomings

There are one or two assumptions that the student loan calculators make that could create wrong and misdirecting results. For example, the student loan calculators assume that the rate of interest would remain fixed over the entire life of the loan. Thus, if the student is on a graduated repayment or an income contingent repayment plan, the results will not be properly reflective of the real circumstances.

Another peripheral shortcoming is that the student loan calculators could cause a feeling of laxity in the minds of the students. When the students see the figure actually in front of their eyes, they might feel it too simple to repay and start becoming careless about it. Also, they might unnecessarily consolidate or refinance their loans, which could make them pay fees to these agencies, and would not help the actual amortization any.

But, the student loan calculators are definitely a big help to students who want to know how they can make their repayments. They are helping tons of students to put a finger on the actual route they should take to become debt-free through careful management of their resources.

Tags: Calculators, Features, Loan, Student

Monday, May 3rd, 2010 Grants No Comments