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    MISSILE TESTING
    July 12, 2008 - Iran / Israel

    The Tension between Iran and Israel is increasing as Iran shows the strength of it's resolve both in words and sabre rattling this week as Iran tests more missiles and tells the world if Israel attacks it will strike Tel Aviv and US Military bases . Meanwhile Israel is committed to stopping Iran gaining Nuclear weapons capability in any way and any how with the Israel defence minister talking about Israel's readiness to strike Iran. The possibility of a win by presidential nominee Barack Obama who has pledged to pursue diplomacy routes rather than confrontation with Iran and who may not provide Israel with US backing for an attack on Iran leaves many including Iran concerned that the window of opportunity for Israel to attack Iran with US backing is slipping away as it is thought the current Bush administration would provide the backing Israel needs.

    NEW YORK LAND PRICES
    July 12, 1987 - USA

    As more and more areas of land are sold for development of new out of town shopping Malls many can not believe how much the price of land has changed in Syracuse New York, just 10 years ago an acre of land was a mere $2,000 per acre and now it commands up to $100,000 per acre . I have tried to find out how much an acre was in Syracuse before the crash in the property market last year but have been unsuccessful , if any body can let me know I would be grateful.

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  • The wealth of the nation
    by Earth Day, Gaylord Nelson

    "...The wealth of the nation is its air, water, soil, forests, minerals, rivers, lakes, oceans, scenic beauty, wildlife habitats and biodiversity that'as all there is. That'as the whole economy. That'as where all the economic activity and jobs come from. These biological systems are the sustaining wealth of the world...."
  • Until a man duplicates a blade of grass
    by Earth Day, Thomas Alva Edison Inventor

    "...Until a man duplicates a blade of grass, Nature can laugh at his so-called scientific knowledge. Remedies from chemicals will never stand in favorable comparison with the products of Nature, the living cell of a plant, the final result of the rays of the sun, the mother of all life...."

RANDOM FACTS

  • More vehicles
    about Stolen On New Year's

    More vehicles are stolen on New Year's Day than any other holiday throughout the year. (So does that mean thieves are having their last fling before changing their ways or are they trying for a big score to start the New Year?) Drug Abuse
    about Facts about Drugs

    Facts about drugs can protect against drug abuse. Legal drugs, such as alcohol and tobacco, kill more people than illegal drugs. Tobacco (smoking cigarettes) kills more people than any other drug. Illegal drugs including heroin, cannabis, ecstasy and amphetamines can have unknown or dangerous ingredients. Mixing drugs, especially with alcohol, can be fatal.

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Are you shopping for the best Canada Mortgage product? Discover the requirements for a Canada loan. One thing to consider is your credit history. If your credit score is low, you can work to improve it.

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Before you can be approved for a Canada Mortgage, the mortgage company considers four elements. They make a careful analysis and evaluation of your income, credit history, the property being purchased, and the down payment on the property. This will help the Canadian lender decide if he will make you a loan.

Having a stable income is very crucial. This is the first thing that the lending institutions require. It does not matter if you are running your own business or are employed, as long as you can present the requirements such as Notice of Assessment Forms issued by the Canada Revenue Agency. If you are employed, you will also present a certificate of employment and the latest two months of pay slips.

The purpose of the Notice of Assessment Forms is to authenticate your claim of regular income and tax payments. Besides the documents, the lending institutions will also have an authorized person to call your office and confirm your employment.

Lenders will also look into your capacity to make your monthly payments in case you are granted with mortgage loan. The factors that lending institutions take into account are how many people in your family, how long you have had work, monthly bills and other payments you need to make.

Generally, mortgage lenders use a formula to determine how much of a mortgage you can be approved for. Two elements come into play for you to qualify for a Canada Mortgage, namely, the Gross Debt Service Ratio. GDS, and the Total Debt Service Ratio, TDS.

The GDS is the highest percentage of your gross income allocated as payment for the costs of maintaining the house. To this ratio belong the principal and interest mortgage payment, property taxes, heating and condo or apartment fees. It is important that your monthly expenses do not exceed 32% of your total monthly income.

TDS on the other hand is the highest percentage of your gross income that is used to pay the GDS and all other financial debts. To this ratio belong all other loans, credit cards payment, and everything from the GDS. To qualify for Canada Mortgage, it is important that your TDS does not exceed 40% of your total gross monthly income.

The mortgage lenders also review your credit score. In fact, whenever the subject is about loans and finances, the credit history is an essential consideration. If you are not sure of your credit standing, there are websites that offer free services to calculate it. If your credit score is imperfect, you can use the programs created for re-building your credit history.

The real estate property to be mortgaged is a critical matter. Mortgage lenders are concerned with the physical appearance and quality of the property. Generally, they conduct a thorough inspection of it.

The real estate property to be mortgaged is the only collateral that lenders have from the mortgage loan, and from you. Hence, a property appraisal is necessary to ensure that the house and lot, condominium or townhouse will still be fit for re-sale in case you default.

Generally, the down payments are not a constant requirement since there are mortgage program that can cover 100% financing. However, if you have 20% or more of the purchasing price, the Canada Mortgage lender will not require default insurance.

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