Millennials and Home Mortgages

Millennials and Home Mortgages

Millennials have been more reluctant to buy homes compared to previous generations. This is because of several factors such as uncertain long-term job prospects and student loan debt making it harder to save for the costs related to purchasing property. However, what should people in their 20s or 30s know about getting a mortgage to make the home buying process easier when they do decide its time to buy?

There Are Many Great Resources Available to Help With Financing

Many young people assume that they need 20 percent down to purchase a house. However, this is not the case. FHA loans allow you to borrow with only 3.5 percent down while USDA loans may allow you to borrow with nothing down. This may also be true if you have served in the military and want to apply for a VA loan. Many local banks and credit unions may offer similar programs that allow for lower down payments as well as money toward your down payment to make homeownership more affordable.

You Don’t Have to Live Alone

Buying a home doesn’t mean that you can’t have a roommate live with you to help pay the rent and other utilities. In fact, that could be a great way to pay off mortgage early without having to dip into your savings or otherwise harm your finances to do so. Another option for those who would like help with their housing costs is to buy a duplex or a single-family home with its own apartment. You can then occupy part of the home and have a tenant occupy their own separate portion of it and pay rent for the right to do so.

You Don’t Have to Stay There Forever

Buying a home doesn’t mean that you have made a long-term commitment to stay in one spot for the rest of your life. It is common for young people to live in their first home for no more than three to five years. After you are ready to move on, you can use the proceeds from the sale of your home to buy a new one that better fits your lifestyle. Depending on the state of your finances, you may also be able to keep your first home and use it as a rental to help pay for your next home. This may be ideal if you live downtown or in a college town as you would rarely have a vacancy if you decided to turn a house into an income property.

Tax Breaks Make Buying Preferable to Renting

In addition to building equity in your home, you get a variety of tax breaks such as deducting any mortgage interest paid. Tax rebates may be available for buying energy efficient appliances, insulation or windows. Finally, you may be able to deduct the cost of repairs or other upgrades to any portion of a duplex that you rent to tenants.

Buying a home allows for stability, control over your living space and ways to save money that aren’t available to renters. Programs aimed at those in their 20s and 30s can make it easier to come up with a down payment or pay closing costs without going broke. Therefore, if you are a young person looking to buy a home, now may be the perfect time to do so.


China Spying over U.S.

A U.S. spy plane has been reported to buzz by Chinese planes as it flew over the East China Sea, with one of the military aircraft drawing nearer in a risky way, the U.S. military said.

China reacted by blaming the United States for advertising the episode yet said the genuine issue was surveillance planes by U.S that very flying very close to their territory.

The tension between the two nations has enhanced in the previous two years over China’s moves to attest and question over the disputed waters and the shipping lane of the South China Sea being always busy. The United States blames China for manufacturing fake islands based on reefs and shakes in waters that are likewise claimed by the Philippines, Vietnam, Taiwan, Malaysia, Brunei and many other states.

The U.S. Pacific Command said a U.S. Air Force Jet RC-135 observation flying machine had been blocked Tuesday by two Chinese J-10 military aircraft while flying in the worldwide airspace.

Chinese Foreign Ministry representative Hong Lei demanded that his country’s pilots taught to act reasonably and professionally and they did not act without a reason.

In light of the report, the U.S. side is again intentionally building up the issue of the recent observation of China by U.S. military jets.

The foundation of such issues is that the recent close observation on China’s coast by U.S. military jets has seriously threatened China’s air and oceanic security. China has the privilege to take defensive measures against it. We request the U.S. side to stop close surveillance exercises and maintain a strategic distance from the happening of such things ever again.

In May, the Pentagon said two Chinese air force planes flew 50 feet near of a U.S. EP-3 airship over the South China Sea.

State news organization Xinhua reacted to that occurrence by blaming the United States for flexing its military muscles on China’s doorstep and of unsafe irresponsible and dangerous exercises that altogether enhances the risk of misjudgment of the military forces.

The nationalist Global Times tabloid likewise responded to the May episode by reviewing a midair crash between a U.S. spy plane and a Chinese air force plane over the South China Sea in 2001. That crash caused one of the pilots to die and the U.S plane had to crash land.

On the off chance that the Pentagon proceeds with its nearby offshore observation operations against China, as our military ability builds, more interceptions can be normal and expected.

Thus, the chances of another crash will go up. If there come another collision then the boiling distrust between china and U.S will blow up and might cause many dangerous results.

On Sunday, Secretary of State John F. Kerry cautioned China not to think about pronouncing as an Air Defense Identification Zone over the South China Sea, as it did over the East China Sea in 2013. He said such actions would be considered provocative and destabilizing act.

Our Social Media Post Being Included in Background Checks- Good Idea or Bad Move?

social-media-bg-checkThe present, offers us hundreds of social media sites to choose from. Some of them are very popular and useful, others, however, not so much… The point is that today we lean on social Media for every question, doubt, and information about someone in particular or a group.

It is, though, natural, that this habit has been spread to work fields, too. If you are an employer who wishes to find out more about your candidate, such as their online social media profile, post, likes, tweets etc. to base that information on what kind of an employee they would be. Can we include social media posts into a background check? Is that a smart move…or not?

Let us take a short look.

Most times it can be hard to find a job, and to be selected for it, can be a bigger challenge. However, according to many, today, it seems harder than it was before. First of all, many times your curriculum vitae has to be perfect, including education, volunteering experience, and previous work experiences… But that’s not all. Besides that, it’s necessary when checking and verifying a candidate’s history- for it to be irreproachable, education, seminars, volunteering, address, etc…

This is where social media comes in handy. During a job interview, a candidate will behave perfectly, they will sophistically answer all of the said employer’s questions without any mistake, be polite and friendly, but maintain a professional tone… No matter how good the interview was, today it’s a normal situation that most employers will search their candidate’s social media profile. He can find out everything about his social interactions, personality, even daily habits and opinions about various types of topics.

But is that so? Many of on social media sites give false information, such as fake a different personality, age, and other things. There is no rule that prohibits anyone from doing what they want on their social media account, including false information. After all, you can’t know which ones are false, and which ones are true. And now a-days everyone lies to fit in on their profile with others or to impress others as if they are a rapper or famous. Many just make an account for fun as well.

For example, there are social media sites particularly made for profiles with a professional tone, like LinkedIn, where a person shares and posts their information, in a professional way, creates their curriculum vitae with all the necessary details.

It’s also excusable for an employer to search their client’s social media profile included in with the backgrounds check process when they aren’t quite sure if their candidate’s information is valid, etc.

In the end, social media posts can be really helpful, but it isn’t recommended to searching suspicious details your candidate posted couple years ago, or peeking on a profile every now and then. An employer should search for posts that are related to a specific job.


The Warren-Clinton Delusion

With Bernie Sanders all but mathematically eliminated from contention for the Democratic party presidential nomination, pundits and pollsters are gearing up for a Trump-Clinton general election showdown. Although practically the de facto presumptive Democratic nominee, Clinton has yet to evoke much enthusiasm from young voters and progressives. To offset this enormous handicap some talking heads are floating the idea of a Clinton-Warren ticket former Harvard economics professor and one of the leading liberal voices in the U.S. Senate, as a possible vice-presidential nominee. While the prospect of a Clinton-Warren ticket is certainly compelling, the notion is actually a tremendous strategic mistake because of the Bernie or bust movement and Clinton’s relatively rare opportunity to capture disaffected Republican votes.


Bernie or Busted

First, the rapidly increasing prominence of the Bernie or Bust movement undercuts Warren’s potential appeal. As concisely summarized here, Bernie or Bust is built around the premise that Bernie Sanders was treated unfairly by the DNC in multiple primaries and thus voters should, come November, vote for him via write-in ballot rather than support Clinton. While this notion has yet to gain serious traction beyond the realm of social media, it nevertheless is poised to peal many young and left-leaning voters, the very group Warren’s nomination is intended to court, away from the party fold. These disenfranchised Bernie devotees, bitterly resentful of the Democratic establishment, are unlikely to vote for Hilary Clinton regardless of her VP pick. Assuming Hilary counts Bernie or Bust ideologues as a lost cause, as she absolutely must at this juncture, The Only Sanders supporters she needs to win are the ones she’s guaranteed not to lose: those who, fearing a Trump presidency above all else, will hold their noses and choose pragmatism over principle. Therefore, Clinton would do better selecting a running mate with wider cross-over appeal than Warren who, for all her popularity on the left, won’t attract a wide swathe of support across the political spectrum.


Fomenting Desertion From the GOP Ranks

Furthermore, as Clinton secures her victory in the Democratic presidential race she has an unprecedented opportunity to draw support from disillusioned Republicans. Garnering attention from mainstream online media, some traditional GOP voters are so discontented by Trump’s nomination as to contemplate the unthinkable- supporting Clinton, however grudgingly, over Trump or any other third party challenger. Though the number of Republican voters willing to take such drastic action is probably small, compared to those who will toe the party line, it is conceivably large enough to tip the balance in swing states like Ohio and Florida where elections are actually decided. Of course Clinton will want to capitalize, nobody with her acumen would pass up such a chance, and what better way than choosing a centrist, moderate    running mate? Possible contenders might include Florida senator Bill Nelson, Colorado governor John Hickenlooper or even left-leaning Republicans like New York representative Peter King. In any event, if Clinton aims to sabotage Trump and abscond with a potentially decisive slice, however small, from the GOP it’s hard to imagine any more coun ter-intuitive and destructive strategy than putting Elizabeth Warren on her ticket.

9 Key Promises President Donald Trump Plan to Do if Elected As President

donald trumpAfter receiving more than a third of the Republican’s votes, Donald Trump is probably one of the most likely candidates to become the next president of America. However, especially given his shocking ideas with what he plans to do with America in case he gets elected are not being taken lightly by many.


Following are the top nine things Donald Trump would do in case he is elected as the President:-


Methods Of Torture

On several occasions, Donald Trump has expressed his wishes to bring back the waterboarding method of interrogation in the U.S. This technique is known for the acute pain it can bring in. Water – boarding can even cause drowning in numerous cases, though it has already been banned by the U.S. government.  Besides, Trump has also promised to bring in other forms of torture that are way worse than this. But here, I want to say why only the painful things while other countries are opting the reformative measures for the prisoners.


“Safe Zones” For Syrians

Moreover, Trump also plans to establish a “Safe zone” for the Syrian refugees. However, there is a catch in this. Gulf States will be required to pay for these zones in the Middle East. He also has plans to high-handedly deal with the ISIS and President Bashar al – Assad. He said he would pay attention to each and every thing one step at a time.


Better Prices By Pharmaceuticals

In addition to the above-mentioned scary things, the would be president of the United States is also said to be  planning for many other good things. Chief among them is his claim to save over $300 billion on pharmaceutical companies. He emphasized on his effort to negotiate better prices with drug companies that would subsequently cause a reduction in the drugs prices for all. However, there is no word about on how exactly he plans to go about with this approach.


With Regard To Taxes

Mr. Trump is going to bring about major reductions in taxes through his various tax policies. He even plans to cut corporate taxes by over 15%. The tax brackets will also be reduced by four. However, a research conducted by the Tax Foundation says that his tax policies can cause the U.S. economy to go skyrocketing.


Trading Relations

Donald Trump on several occasions has threatened to raise the tariff rates by almost 45%. This naturally affects countries that have trade relationships tied up with America. Chief among these affected nations are China and Mexico. Business circles fear that Trump’s plans will jeopardize trade relationships with China and Mexico, and may even subsequently lead to a rise in tension between these nations.


Education Department

Further, he also has some plans to improve the country’s deficit by reducing costs of the education system. He apparently loves those who are poorly educated because they are loyal. How convenient!


No More Obamacare

The main purpose of Obamacare was to provide insurers the coverage that they might not experience in case they didn’t have pre – existing medical conditions. However, Trump has thought of chucking that out.


Deporting 11 Million

We all are well aware of Trump’s intentions to deport more than 11 million undocumented immigrants off from America. This would cause a three percent decrease in the U.S. population. The strength of workers that subsequently powers the economy would get affected as well.


Military Presence In China

Donald Trump expressed his wishes to increase the size of the U.S. military, especially in the East and South China regions to “discourage Chinese adventurism.”

Though much has been promised by Donald Trump, time will only tell if he will do what he has promised. So, let’s wait and watch.