Bankruptcy Can Get You Good Deals for Home Financing

By Mackenzie Salis on December 2, 2012

Many people normally refrain from filing bankruptcy despite facing the reality of it to be able to avoid having a bad financial record. Not knowing that this can be used to their advantage in starting anew ? like in looking for a new home. Just after 6 months of bankruptcy, you can already do loan transactions with lenders without any association to your being bankrupt. A seller financing scheme will also be made available to you without checking your credit thus closing the deal faster with flexible payments and low interest rates.

Dealing with home financing facilities is better than getting a personal loan when buying a house. This way, you can consider your amortization as an investment. Once you?ve created a good credit standing by paying on time, you can already get a traditional loan for home improvements or buying a better house. Here is what you should do:

1. Save up for the down payment. The bigger you can accumulate, the better it would be so you will not be so burdened with a big amount for monthly amortization. This will also lower down the interest expense you incur. A bigger loan availed can make you incur bigger interest expense.
2. Determine a budget you can afford for monthly amortization. It should not be over 30% of your monthly income or you will be on deficit spending. Living expenses is quite high these days and the remaining 70% should be budgeted to include expenses for education if you have children in school. As much as possible allocate an amount for your monthly savings.
3. Choose the house that matches your family?s needs and your budget. Should your budget allow only for a two bedroom house then be it. Later on when there is extra income and savings, you can always do home improvements.

A mortgage occurs when an owner pledges his or her interest as security or collateral for a loan. And so a mortgage is an encumbrance on the right to the property. As most mortgages occur as a condition for new loan money, the word mortgage has become the generic term for a loan secured by such real property. As with other types of loans, mortgages have an interest rate and are scheduled to amortize over a set period of time between 10 to 30 years. All types of real property can be secured with a mortgage and bear an interest rate that is supposed to reflect the lender?s risk.

Types of Mortgage Loans:

There are different types of mortgages used worldwide. Several factors define the characteristics of the mortgage. Though these are subject to local regulations and legal requirements:

• Interest may be fixed for the life of the loan or variable, and change at certain pre-defined periods. It could be higher or lower.
• Mortgage loans generally have a maximum term which means the number of years after which an amortizing loan will be repaid. Some mortgage loans may have no amortizations set but require full repayment of any remaining balance at a certain date.
• The amount paid per period and the frequency of payments may change or the borrower may have the option to increase or decrease the amount paid.
• Some types of mortgages may limit or restrict prepayment of all or a portion of the loan.

The two basic types of amortized loans are the fixed rate mortgage (FRM) and adjustable rate mortgage (ARM) also known as a floating rate or variable rate mortgage. In some countries such as the United States, fixed rates are the most availed. Combinations of fixed and floating rate mortgages are also common where a mortgage loan will have a fixed rate for some period for the first five years for instance and vary after the end of that period.Don?t lose your chances of regaining your financial stability by limiting yourself with personal loans only for your new home due to bad credit history. Explore the strategies of financial institutions to suit the changing economic situation.

About Mackenzie Salis ?(2 Posts)

Mackenzie Salis is a finance writer for 3 years. She is the author of the site: OnlinePaydayLoansGuide that can provide all valuable information about loans and warn you against fraud and swindle.

Related posts:

1. Do You Know When its the Right Time to Refinance Your Home?
2. Is ?Buy to Let? the option for you?
3. Why You Should Refinance Your Mortgage to a Shorter Term
4. Making Your Home Affordable
5. Types of Mortgages?And How and When to Get Them

Posted in Personal Finance | Tagged home financing, mortage loan |

Source: http://www.richescorner.com/bankruptcy-can-get-you-good-deals-for-home-financing/

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How, in the animal world, a daughter avoids mating with her father: Paternal 'voice' recognition

How, in the animal world, a daughter avoids mating with her father: Paternal 'voice' recognition

Saturday, December 1, 2012

Paternal recognition ? being able to identify males from your father's line ? is important for the avoidance of inbreeding, and one way that mammals can do this is through recognizing the calls of paternal kin. This was thought to occur only in large-brained animals with complex social groups, but a new study published today in the open access journal BMC Ecology provides evidence in a tiny, solitary primate that challenges this theory.

The study, led by Sharon E Kessler, finds that the grey mouse lemur (Microcebus murinus) ? a small-brained, solitary foraging mammal endemic to Madagascar ? is able to recognize paternal relatives via vocalizations, thus providing evidence that this is not dependent upon having a large brain and a high social complexity, as previously suggested.

Because grey mouse lemurs are nocturnal solitary-foragers living in dense forests, vocal communication is important for regulating social interactions across distances where visibility is poor and communication via smell is limited. Though the mouse lemur shares sleeping sites with other mouse lemurs, it forages alone for fruit and insects. It is a particularly interesting species with which to study vocal paternal recognition because, in the wild, females remain in the same area of birth and cooperatively raise young with other female kin. Males do not co-nest with their mates or young and provide no paternal care, which limits opportunities for familiarity-based social interactions. Thus, vocalizations are likely to be important ? particularly for avoiding inbreeding.

The research team from Arizona State University and the University of Veterinary Medicine Hannover in Germany found that two of the most frequent calls of the mouse lemur were the mate advertisement call and the alarm call. Using multi-parametric analyses of the call's acoustic parameters, they could see that both call types contained individual signatures. Through this, they discovered that only male grey mouse lemur advertisement calls, but not alarm calls, contained acoustic paternal signatures. Furthermore, females paid more attention to advertisement calls from unrelated males than from their fathers.

The findings from the study suggest that the discrimination between mate advertisement calls and alarm calls may be an important mechanism for inbreeding avoidance. This is likely to be highly important in the grey mouse lemur species because males are likely to remain in an area for several years and they can expand their ranges to more than twice that of the female's range, making it likely that adult males' ranges will overlap with those of their daughters from previous mating seasons.

The team also proposed that the mouse lemur's ultrasonic calls above the hearing range of owls could be an anti-predator strategy, especially since the species suffers from high predation.

Lead author Kessler commented, "Given that more complex forms of sociality with cohesive foraging groups are thought to have evolved from an ancestral solitary forager much like the mouse lemur, this suggests that the mechanisms for kin recognition like those seen here may be the foundation from which more complex forms of kin-based sociality evolved."

She continued, "Future analyses will determine which acoustic parameters make this kin recognition possible by artificially manipulating acoustic parameters in the calls and then using the modified calls in playback experiments."

###

Paternal kin recognition in the high frequency / ultrasonic range in a solitary foraging mammal
Sharon E Kessler, Marina Scheumann, Leanne T Nash and Elke Zimmermann
BMC Ecology (in press)

BioMed Central: http://www.biomedcentral.com

Thanks to BioMed Central for this article.

This press release was posted to serve as a topic for discussion. Please comment below. We try our best to only post press releases that are associated with peer reviewed scientific literature. Critical discussions of the research are appreciated. If you need help finding a link to the original article, please contact us on twitter or via e-mail.

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Source: http://www.labspaces.net/125623/How__in_the_animal_world__a_daughter_avoids_mating_with_her_father__Paternal__voice__recognition

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Hardkernel reveals pair of quad-core Exynos ODROID-U developer boards, starting at $69

One area where Moore's law can be seen alive and well seems to be the developer and small project computer world. Whether it's the ubiquitous Raspberry Pi, Intel's NUC, or any number of similar products. There's one more name to add to this list, and that's the ODROID-U from Hardkernel. The boards are a little more expensive than Raspberry Pi's impressively cheap Model A and Model B, but you are getting some bang for that buck. The $69 ODROID-U comes with a 1.4GHz quad-core Exynos 4412 processor (as found in the Galaxy S III and Note II, 1GB of RAM, quad-core Mali 400 graphics, micro-HDMI, a brace of USB ports, a headphone jack and Ethernet. If you want a little more oomph, for an extra $20 you can have the RAM doubled, and a 1.7GHz core with the ODROID-U2 model. There's one stat you might notice missing which is flash memory. There's no onboard storage, so you'll have to bring your own memory for the built-in microSD slot. As the ODROID name suggests, the boards can run Android, as well as a variety of Linux flavours. Sound good? In a reverse of what you might expect, the ODROID-U2 will be available first, starting December 21st, with the cheaper board pencilled in to arrive on January 16th.

Filed under: Desktops

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Via: Android Community

Source: Hardkernel

Source: http://www.engadget.com/2012/12/02/hardkernal-reveals-pair-of-quad-core-exynos-odroid-u-boards/

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Prosecutors to question Manning in WikiLeaks case

FORT MEADE, Md. (AP) ? Military prosecutors planned to go face-to-face for the first time Friday with an Army private charged with sending hundreds of thousands of classified documents to WikiLeaks.

Pfc. Bradley Manning was to appear on the witness stand again, the fourth day of a pretrial hearing at Fort Meade, Md.

He testified Thursday in support of a defense motion claiming his confinement for nine months at a Marine Corps brig in Quantico, Va., was so harsh that his case should be dismissed.

Manning, speaking publicly Thursday for the first time since his May 2010 arrest, said he got so used to leg irons and being locked up 23 hours a day that when he was finally transferred to medium-security confinement at Fort Leavenworth, Kansas, in April 2011, he felt uneasy moving freely around the cell block.

"There was the sense of, 'OK, I know they're going to put the hammer down on me soon,'" Manning said near the end of his five hours on the witness stand.

Besides being classified "maximum custody," Manning was subjected to additional restraints during his nine months at Quantico because he was either on suicide watch or considered at risk of hurting himself or others. Commanders maintained the extra restrictions despite repeated recommendations by brig psychiatrists that they be eased. They included scratchy, suicide-prevention bedding and sometimes having all his clothing, eyeglasses and reading material removed from his cell.

The military contends the treatment was proper.

Manning testified that he angered brig commander Chief Warrant Officer 2 Denise Barnes when he vented his frustration.

"There was a word, I think it was 'absurd,'" he said. "That was my opinion of how I see the restrictions at that point."

Manning said he got frustrated spending up to 23 hours a day in a windowless, 6-by-8-foot cell.

"It was pretty draining," Manning said under questioning by defense attorney David Coombs.

At one point during his testimony, Manning donned a dark-green, suicide-prevention smock resembling an oversized tank top made of stiff, thick fabric. He said it was similar to one he was issued in March 2011, several days after Quantico jailers started requiring him to surrender all his clothing and eyeglasses each night as a suicide-prevention measure. This occurred after he told them ? out of frustration, he said ? that if he really wanted to hurt himself, he could have done so with his underwear waistband or flip-flops.

Before receiving the smock, he was forced to stand naked at attention one morning for a prisoner count, he said.

"I had no socks, no underwear, I had no articles of clothing, I had no glasses," he said.

The 5-foot-3 soldier looked youthful in his dark-blue dress uniform, close-cropped hair and rimless eyeglasses. He was animated, often speaking in emphatic bursts, swiveling in the witness chair and gesturing with his hands.

Manning was polite throughout his testimony, referring to his attorney as "sir" and making frequent eye contact with Coombs and the judge. Only after watching two videos of himself speaking to his guards while wearing only his boxers ? the first video shows him surrendering his clothes ? did his voice waver.

"It brings that back, the fact that I was there," Manning said of the video.

Earlier Thursday, the military judge, Army Col. Denise Lind, accepted the terms under which Manning may plead guilty to eight of the 22 charges he faces. Coombs revealed the plea offer in early November, saying it would enable Manning to take responsibility for sending U.S. secrets to WikiLeaks.

Lind hasn't formally accepted the pleas but has indicated she will consider them at a hearing starting Dec. 10.

Under the offer, Manning would plead guilty to certain charges as violations of military regulations rather than as violations of federal espionage and computer security laws. The offenses would then carry maximum prison terms totaling 16 years rather than 72.

The pleas would include admissions that Manning sent WikiLeaks classified memos, Iraq and Afghanistan war logs, Guantanamo Bay prison records and a 2007 video clip of a U.S. helicopter crew gunning down 11 men later found to have included a Reuters news photographer and his driver.

The government could still prosecute Manning for all 22 counts he faces, including aiding the enemy. That offense carries a maximum penalty of life in prison.

Source: http://news.yahoo.com/prosecutors-manning-wikileaks-case-080322935.html

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The End of Pens

Julia Turner, pen in hand.

Juliana Jim?nez Jaramillo for Slate.

The answer is less obvious than you might think. Sure, you are familiar with your own scrawled to-do lists, or the brief missives you leave on the kitchen counter for houseguests or your spouse. Perhaps you take notes by hand in meetings (though if you?re like me you consult them only sporadically after the fact). But when was the last time you filled a page of foolscap?or Mead college rule, for those of us who?ve never been quite sure what foolscap is?with lines and lines of unbroken lettering, trying to express an argument or make a developed point? When was the last time you used pen and ink for writing, and not just for jotting?

The Missing Ink, from British novelist Philip Hensher, makes the case that it has probably been too long. Subtitled ?The Lost Art of Handwriting,? the book is an ode to a dying form: part lament, part obituary, part sentimental rallying cry. In an age of texting and notes tapped straight into tablets, we are rapidly losing the art and skill it takes to swiftly write, with a pen, a sentence that is both intelligible and attractive. The time devoted to teaching handwriting in elementary schools around the globe has dwindled. Hensher opens his book with the plaintive question: ?Should we even care? Should we accept that handwriting is a skill whose time has now passed? Or does it carry with it a value that can never truly be superseded by the typed word??

Hensher has a dog in the fight. He makes reference throughout the text to various chapters that he has drafted in longhand?a process unfathomable to someone who is tapping out these lines in the Notes app on her iPhone at 4:58 in the morning. (That?s one advantage to our modern means of scrivening?you can do it at night in the dark without getting out of bed or waking your husband.) But Hensher is a man whose friends compliment him on his distinctive handwriting (and who reproduces perhaps a few more of these compliments in the book than is strictly necessary). Hensher is a man who composes on paper and has a preferred brand?and nib!?of fountain pen. In other words, he is quite unlike most modern humans.

Still, I share Hensher?s concern about the ?lost art of handwriting.? When I examine my own crabbed scrawl, I?m struck by the idea that I can no longer be said to have any particular sort of handwriting, anymore. Here?s what it looks like, these days:

When I review the 42 notebooks I have filled in my years working at Slate, they look like diaries of a madwoman?a jumble of styles and ink types with very little consistency. This is particularly troubling given Hensher?s emphasis on the notion that our writing is, on some level, an expression of ourselves. He is most eloquent?and his novelist?s eye for detail most keen?when discussing the self-consciousness with which young people learn to write, and to develop a style of their own. He recalls a certain Paul im Thurn whose distinctive italic style impressed him at university, and how he developed ?violent downward verticals.? He writes of adolescent experimenters who amended their penmanship ?sometimes as a response to an impressive master at school, sometimes independently, in their spare time at their desk in their bedroom, just wanting to be as elegant as possible.?

The Missing Ink has an amusing chapter on handwriting analysis?that bogus pastime?and is full of interesting observations and arcana. Hensher notes in his introduction that he cannot recognize the penmanship of his closest friends; never having seen their handwriting in the wild, he simply doesn?t know what it looks like. It?s a startling truth about modern life: I asked 15 colleagues, many of whom I?ve worked with for years, to put the sentence ?The quick brown fox jumps over the lazy dog? on paper, and I was able to match only two of the samples to their owners. (Hensher also reveals that the British have many more interesting pangrams?or sentences featuring every letter of the alphabet?than we do, among them: ?Waltz, bad nymph, for quick jigs vex!,? ?Amazingly few discotheques provide jukeboxes,? and ?TV quiz jock, Mr Ph.D., bags few lynx.?)

But what Hensher?s book continually emphasizes is how brief and ill-starred the history of handwriting has been. Although a fuller account is available in Kitty Burns Florey?s Script & Scribble (and if you?re thinking of buying a book of handwriting nostalgia this holiday season for the pen freak in your life, Florey?s is the one to get?it?s just as charming and much more informative, full of usefully placed examples and illustrations), Hensher gets the basics down. Before the industrial revolution, handwriting was the province of the elite; with the rise in the 19^th century of commerce and clerks and an office-inhabiting worker class came schools of penmanship designed to ?get things done neatly, get them done quickly, and get things done correctly.? The first of these, Spencerian copperplate, was modeled on engraving and was thought?like so many things during that period?to engender moral uplift. It did so, per its proponents, by leading the untoward and unwashed to contemplate pleasing forms ?such as a nice rounded o.? (?If I were a Victorian urchin,? Hensher notes, such sentiments ?would persuade me to stay in the gin shop for the rest of my life, making rude marks on the billiard board with a crayon clutched in my fist.?)

After copperplate came a few other schools, notably Vere Foster?s ?civil service hand? in the United Kingdom, and Palmer cursive in the United States. The Palmer method, which is almost certainly responsible for the way your grandmother wrote on your birthday cards, seems today to be full of superfluous curlicues, but it was actually designed, we learn, with speed and physicality in mind. A.N. Palmer, its progenitor, was an advocate of ?whole arm movement??a way of creating letterforms from your shoulder, rather than just the hand and wrist?which he thought helped people write with greater speed for longer periods, without cramping up.

Although these historical tidbits are fascinating?the chapter on the absurdly indecipherable script prevalent in Germany before Hitler banned it helps demonstrate how arbitrary and cultural our writing conventions are?they have one point in common. Every innovation in handwriting was designed to improve the speed and legibility of human communication. And here is where Hensher?s quixotic defense of the hand stumbles. For what is faster and clearer than typing? Weren?t you slightly relieved when the handwritten paragraphs in this review came to an end, leaving you on the sturdy shores of a new thought expressed in Microsoft Verdana? Isn?t it easier to catch my meaning, to pay attention, when you are staring at a nice clean block of type?

Source: http://feeds.slate.com/click.phdo?i=b34a63348008e3bf5ec9485817522943

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Failing Kickstarter project proves gamers hate motion controls ...

Gamers have always been split on the motion controls debate. Some have embraced the likes of Kinect, PlayStation Move and the Wii while others contend there?s just no place for them when it comes to hardcore gaming.

The developer of a rcent Kickstarter project has come to the conclusion that the use of motion control is exactly why his Kickstarter is failing. Kostas Zarifis? game, Kung Fu Superstars uses Kinect to teach the player real kung fu moves, as well as telling the story of wannabe stuntman, Danny. The game looks good, it?s being developed by people who have worked on some great games and there?s even an endorsement by Peter Molyneux in the video.

It seems like the project should be succeeding but it?s got under 5 days to go and only ?40,000 ($64,000) of the ?200,000 ($320,080) target has been funded by a mere 440 people (at press time).

Kostas said that hardcore gamers treat motion games with ?hatred,? not indifference. He also noted they have good reason to as a lot of motion games haven?t?delivered?what they promised such as Star Wars and Steel Battalion. Kostas and his team wanted to change peoples opinions of motion controls but he now thinks that time has passed as obviously, people just don?t care about them?any more? He also says that they were too slow to mention that Kung Fu Superstars is not entirely motion controlled, it uses a traditional controller too. Apparently at tech demos where they?ve shown off the game, when people saw how they blended motion controls with a controller, the game was called ?innovative? and got a positive response.

Kostas also blames the confusion between the UK Kickstarter site and the US one, stating that American users were having problems funding the project and he would have?preferred?to launch the project in the US, despite it being more hassle.

Perhaps it?s time for developers to listen to what gamers really want ? whilst kids and casual gamers like Kinect dancing games and Wii Sports, it seems the rest of us are not so keen. Let us know what you prefer, motion controls or physical controllers?

More at Kickstarter via MCV

Source: http://www.geek.com/articles/games/failing-kickstarter-project-proves-gamers-hate-motion-controls-20121130/

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Video: U.S. jails could house Guantanamo detainees (cbsnews)

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