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Yahoo News - Latest News & Headlines

Boyfriend Of Missing Phoenix Teen Kiera Bergman ArrestedThe on-again, off-again boyfriend of Kiera Bergman, a missing Arizona


8/20/2018 11:10:02 AM

James Clapper: Brennan’s anti-Trump rhetoric is ‘an issue in and of itself’Former Director of National Intelligence James Clapper said on CNN's "State of the Union" Sunday that former CIA Director John Brennan’s rhetoric has become “an issue in and of itself.”


8/19/2018 11:51:36 AM

Customers Rally After Yelp Reviewer Calls Cafe's Gay Pride Flag 'Disgusting'An anti-gay review on Yelp that called a restaurant in Dorchester,


8/20/2018 3:52:57 AM

Yahoo News explains: What's the other cause impacting global warming?The authors of the study predict a 58 percent chance that the next few years will be “anomalously warm,” with a 69 percent chance that earth’s oceans will be too. The study found that that warming trend is not just the result of a steady increase in human-made climate change driven by emissions of greenhouse gases. The study used data from 10 climate-change models and found that natural variabilities were the cause of a global warming “hiatus” in the early 2000s.


8/20/2018 9:13:13 AM

Pope condemns 'atrocities' of US clerical child abusePope Francis condemned Monday the "atrocities" revealed by a far-reaching US report into clerical child sex abuse in the state of Pennsylvania issued last week. "In recent days, a report was made public which detailed the experiences of at least a thousand survivors... the abuse of power and of conscience at the hands of priests," the pope said in a letter made public by the Vatican. A devastating US grand jury report published last week decried a systematic cover-up by the Catholic Church.


8/20/2018 5:54:31 AM

Small plane crashes on Phoenix street; pilot, passenger deadPHOENIX (AP) — A homemade plane crashed in a Phoenix intersection Monday, killing the pilot and the sole passenger, authorities said.


8/21/2018 1:58:25 AM

The Afghan President Has Called for a Cease-Fire With the Taliban During Eid al-AdhaThe Taliban did not immediately respond to the announcement


8/19/2018 8:32:03 PM

Beautiful shots of diver swimming near sunken ships emergeA series of beautiful shots of divers swimming near sunken ships have emerged. Alex Voyer, 39, was sailing around the Caribbean on a 60-foot boat when he stopped for a dive. The images show  amazing shipwrecks as free divers explore the seabed. Alex, a photographer and free diver, said: “With my girlfriend, Marianne Aventurier, we are sailing all summer around the Caribbean to learn more about sailing.” (Caters News)


8/19/2018 9:29:04 AM

2 strong earthquakes in less than 12 hours jolt Indonesia's Lombok IslandAs the Indonesian island of Lombok continues to recover from the devastating earthquake earlier this month, two more powerful tremors jolted the island in a span of less than 12 hours to end the weekend.


8/19/2018 11:51:21 AM

Pregnant Woman Suspected Husband Might Be Cheating Before He Allegedly Killed Her: FriendA pregnant woman found dead in Colorado last week had suspected her husband,


8/20/2018 8:36:15 AM

Thinking About Buying Your First Home?


Thinking about purchasing a home of your own? Keep these critical considerations in mind:

How long you plan to live in the home.
If you purchase a home and get a job transfer or decide to move after only a short time, you may end up paying money in order to sell it. The value of your home may not have appreciated enough to cover the costs that you paid to buy the home and the costs that it would take you to sell your home.

HappyPeople03.jpgThe length of time that it will take to cover those costs depends on various economic factors in the area of the home. Most parts of the country have an average of 5% appreciation per year. In this case, you should plan to stay in your home at least 3-4 years to cover buying and selling costs. If the area you buy your home in experiences an economic up turn, the length of the time to cover these costs could be shortened, and the opposite is also true.

How long the home will meet your needs.
What features do you require in a home to satisfy your lifestyle now? Five years from now? Depending on how long you plan to stay in your home, you'll need to ensure that the home has the amenities that you'll need. For example, a two-bedroom dwelling may be perfect for a young couple with no children. However, if they start a family, they could quickly outgrow the space. Therefore, they should consider a home with room to grow. Could the basement be turned into a den and extra bedrooms? Could the attic be turned into a master suite? Having an idea of what you'll need will help you find a home that will satisfy you for years to come.

Your financial health - your credit and home affordability.
Is now the right time financially for you to buy a home? Would you rate your financial picture as healthy? Is your credit good? While you can always find a lender to lend you money, solid lenders are more skeptical if your credit history is not good. Generally, a couple of blemishes on a credit report will make you a good credit risk and could qualify you for the lowest interest rates. If you have more than a couple of blemishes on your report, lenders like Quicken Loans may still provide you with a loan, but you may just have to pay a higher interest rate and fees.

Some say that you should refrain from borrowing as much as you qualify for because it is wiser not to stretch your financial boundaries. The other school of thought says you should stretch to buy as much home as you can afford, because with regular pay raises and increased earning potential, the big payment today will seem like less of a payment tomorrow. This is a decision only you can make. Are you in a position where you expect to make more money soon? Would you rather be conservative and fairly certain that you can make your payment without stretching financially? Make sure that whatever you do, it's within your comfort zone.

To determine how much home you can afford, talk to a lender or go online and use a "home affordability" calculator. Good calculators will give you a range of what you may qualify for. Then call a lender. While some may say that the "28/36" rule applies, in today's home mortgage market, lenders are making loans customized to a particular person's situation. The "28/36" rule means that your monthly housing costs can't exceed 28 percent of your income and your total debt load can't exceed 36 percent of your total monthly income. Depending on your assets, credit history, job potential and other factors, lenders can push the ratios up to 40-60% or higher. While we're not advocating you purchase a home utilizing the higher ratios, its important for you to know your options.

Where the money for the transaction will come from.
Typically homebuyers will need some money for a down payment and closing costs. However, with today's broad range of loan options, having a lot of money saved for a down payment is not always necessary - if you can prove that you are a good financial risk to a lender. If your credit isn't stellar but you have managed to save 10-20% for a down payment, you will still appear to be a very good financial risk to a lender.

The ongoing costs of home ownership.
Maintenance, improvements, taxes and insurance are all costs that are added to a monthly house payment. If you buy a condominium, townhouse or in certain communities, a monthly homeowner's association fee might be required. If these additional costs are a concern, you can make choices to lower or avoid these fees. Be sure to make your realtor and your lender aware of your desire to limit these costs.

If you are still unsure if you should buy a home after making these considerations, you may want to consult with an accountant or financial planner to help you assess how a home purchase fits into your overall financial goals.

5 Things Everyone Needs to Know Before Purchasing Their First Home
You’re going to buy a home. You’re going to invest in your future (instead of investing in your landlord’s future!). You’re going to own a little piece of your city and have a place to truly call your own.
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Tom Jeser (915)-525-8812 Email Tom