Word: loan
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Dates: during 1990-1999
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...reform, but he was predictable," says TIME Moscow bureau chief Paul Quinn-Judge. "The response of the market is the initial feeling of the panic at the void of the unknown opening up in front of them." Primakov had just secured a $4.5 billion stopgap loan from the IMF; that will have to be renegotiated, as will Russia's aid arrangements with the World Bank. Now that the Russian parliament is bracing for another round of reject-the-nominee and Moscow leadership is a vacuum once more, Europe is just waiting for the bleeding to start again...
Until recently those titles, whether classics or current best sellers, have been available mainly in loan libraries. Vernon Ellickson, 83, is a typical large-type reader. A retired farmer with macular degeneration, Ellickson goes to the library in Decorah, Iowa, twice a week to pick out his favorite westerns and adventure books. He never buys them. "It would cost a lot," says Ellickson, who often reads more than a dozen large-print books a week. Publisher Olsen says this is not unusual. "When you're on a fixed income, to pay for a one-time read is inefficient when...
Today mortgage money is easy to find. A 30-year fixed-rate jumbo goes for about 7.08%--not that much more than the smaller "conforming" loan at 6.9%. Last October, though, jumbo borrowers had to pony up an average 7.22% when nonjumbo borrowers were paying only 6.76%, a punishing difference. On a $250,000 loan, that extra interest cost comes to $77.20 a month, or $27,792.13 over the life of the loan...
...historic lows and jumbo rates relatively low compared to conventional mortgage rates, there's little reason to sweat this issue at the moment. Go for the jumbo if you can afford it. If you're just over the breakpoint, you could make a larger down payment to reduce your loan amount. But that money might be better spent in a stock fund. Another option is a piggyback structure, where you borrow just under the jumbo limit and take a second loan for the rest. That second mortgage comes at a hefty premium--maybe a couple of percentage points more than...
...Harvard students are at least indirectly impacted by the decision because the alternative was to increase the loan limit," he said...