Word: loan
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According to the Boston Globe, last month the RTH secured a $48 million loan from the Massachusetts Housing Finance Agency to pay off the outstanding mortgage, plus an additional $18 million in equity financing to purchase the property...
...Princeton's financial aid increases triggered other increases at Stanford, Yale, MIT and eventually Harvard, which last fall initiated a massive financial aid increase designed to give back $2,000 in loan or work-study debt in exchange for grants...
...RATE MORTGAGE With mortgage rates now topping 8%, potential home-buyers might consider the unconventional: a 30-year loan with an adjustable rate that can only go down. Two lenders, www.servicesavers.com and, in Western states, www.citylinemortgage.com will notify you when prevailing rates drop as little as a quarter to half a point and will automatically refinance your mortgage. Sticking with the same company means you pay no hefty closing costs. You shell out for the new title at City Line and pay zip at Service Savers. To qualify, you need to make timely mortgage payments...
...last time I went to the bank with a jar of pennies, the teller laughed so hard you'd have thought I was asking for a loan, not trying to make a deposit. Times have changed. The loan officer isn't friendlier. But the teller accepts every penny I find, and lately I've been looking under seat cushions. In case you haven't heard, there's a penny shortage. It's so severe that a bank in my neighborhood pays 55[cents] for 50 pennies, and some restaurants offer free desserts to anyone hauling in enough coin...
...Stepashin. After all, he authored Moscow?s clumsily brutal, yet ineffective, response to the uprising in neighboring Chechnya five years ago. But Yeltsin has never had any problem signing off on a little butchery in the Caucasus, and Stepashin had just returned from Washington having secured an IMF loan. "This was the most inexplicable of all Yeltsin?s decisions," says Meier. "Stepashin was a loyal servant, and Putin is simply a poor man?s Stepashin." Putin now contemplates entering the presidential race with the endorsement of the deeply unpopular Yeltsin, which is widely viewed as akin to the kiss...