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Added on the 13/10/2017 17:57:40 - Copyright : Wochit
If you've never bought a home before, you may be surprised to learn that there's a lot to know about mortgages. In its simplest form, a mortgage is a type of loan. It's used for buying a home, and it's repaid in monthly installments--usually over 15 to 30 years. According to Business Insider, the payment you finally end up paying for your mortgage actually covers a number of things. The principal is the amount the lender gives you upfront. If you borrow $200,000 from the bank, then the principal is $200,000. A little of this is paid back each month. But you'll also pay interest--the cost of your loan. The interest is built into your monthly payment. You'll also pay property taxes, which are based on the assessed value of your home, and your mill levy--which varies depending on where you live. Homeowners insurance is mandatory, too, and is built into the payment. In 2017, the average annual policy cost $1,211. Finally, you'll also probably have to pay for private mortgage insurance, or PMI, costing from 0.2% to 2% of your loan principal per year.
November 27th is Black Friday. Business Insider reports that Best Buy is one of the major retailers to keep an eye on for deals. Year after year, Best Buy provides sales on TVs, speakers, headphones, laptops, gaming gear, and more. Best Buy's Black Friday 2020 sale features a Black Friday price guarantee. The guarantee helps My Best Buy members save all season long. Investors are hoping a robust Black Friday will save an otherwise dismal year for retailers.
For some wealthy Americans, a stamp just won't cut it as a ballot-delivery device: they're determined to cast their votes in person. According to Business Insider, some wealthy voters are chartering private planes to get to the polls in their home state on Election Day. Private jet charter company evoJets says at least four customers have booked flights specifically to vote, and all of those are headed to swing states. Two of the chartered trips are to Florida, which has 29 electoral votes. Two jet-setters booked flights from popular quarantine getaways to get to their swing states. One is flying from Colorado to Pennsylvania, which has 20 electoral votes. Another is headed from Wyoming to Ohio, which has 18 electoral votes. Even for a same-day round trip, such journeys can cost tens of thousands of dollars.
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