How to Find the Best Mortgage Money Rates in 2017, US Bank

The best mortgage rates are still at historic lows heading into 2017. According to the St. Louis Federal Reserve, average 30 year fixed mortgage rates are still under 4%. With these rates, home ownership has never been more attainable. Low mortgage rates are only one aspect of choosing a lender, but finding the best rates is the first step in whittling down your list. I’ve purchased two homes in the past five years, and can personally attest to the fact that the home buying process can be nerve-wracking, but tremendously worthwhile in the end.



Mortgage Rate Comparisons

As a starting point to your search, the table below gives you a quick snapshot of mortgage rates in your state. You can choose your loan amount, loan type, and whether you’re purchasing or refinancing your home to get rolling. Using this tool, I found a low 3.4% APR on a $200,000 30-year, fixed-rate mortgage in my home state of Tennessee from AimLoan.com. If I wanted an adjustable-rate mortgage for the same amount instead, I could get a low 2.8% APR from AimLoan.

If you’re not purchasing a home, but looking to make some improvements, take a look at this Best Home Equity Loan Rates guide.

Current Rate Climate

While current numbers don’t match the historically low rates of 2012 and the first half of 2013, they’re still nothing to sneeze at. Average 30-year mortgage rates started 2014 at an average of 4.42% and dropped to just under 3.9% by the end of the year. That’s where they remain heading into 2017.

Right now, the best rates for the most credit-worthy borrowers on a conventional 30-year mortgage are hovering around 3.8%.

If you’re in the market for a mortgage, is it time to act? Experts say you’ll probably be in good shape even if you wait a bit longer. Rates are likely to remain low, though there is the possibility of a noticeable bump if the Federal Reserve raises rates significantly.

Here’s how to Find the Best Mortgage Rate

Compare Rates
Polish your credit score
Beef up your down payment
Consider how long you’ll be in your house
If you’re ready to get going in your search for the best mortgage rate, here are four tips that will ease your search. If you’re unsure of the type of mortgage you’ll need, make sure you read my summary of the different kinds of mortgages further down in this post.

Tip #1: Compare Rates

When you find the home of your dreams, chances are your real-estate agent will direct you to certain preferred lenders that he or she has worked with before. Take that recommendation with a grain of salt. Remember, your agent’s primary concern might be to close your deal quickly, but securing a mortgage is a complicated process, particularly if you’re a first-time buyer. Speed isn’t everything, and you need to look around for the best deal.

Whether you want to keep your business with a local lender or are considering working with a big-name company, be sure to look at rates online so you have a good comparison. This mortgage rate tool can help you find the best rates to aid your search.

Tip #2: Polish your credit score

Keeping your credit in top shape is paramount, especially if you’re applying for a conventional loan. The higher your score, the better your interest rate and the more loan choices you’ll have.

For example, according to the rate calculator at myFICO, I could pay as little as $1,305 a month on a $300,000 home loan in Ohio with a credit score higher than 760. My interest rate would be a hair under 3.3%. With a score of about 680, I’d be paying $1,372 a month at an interest rate of about 3.6%. And with a score of 620, I could be paying as much as $1,581 a month at an interest rate of more than 4.8%. With the lower credit score, I’d be paying $99,146 more in interest over the life of the loan.

Tip #3: Beef up your down payment

It can be painful to save enough for a down payment, but paying more up front can help you nab a better interest rate and save you money as you pay down your loan. It may also save you the cost of mortgage insurance, which many lenders will charge if you have a lower-than-normal down payment.

If I put the recommended 20% down, or $40,000, on a $200,000 home in Tennessee, I’d pay as little as $730 a month in mortgage payments, according to this Bank of America calculator. This assumes a 3.7% APR, solid credit, and a fixed 30-year loan. If I could only scrape together $25,000, I’d suddenly be paying $798 a month. And then there’s $70 a month in mortgage insurance, which I’d have to pay since I couldn’t put 20% down. That brings my monthly payments to just under $870.

Tip #4: Consider how long you’ll be in your house

If you know you’ll be in your home for a relatively short time before selling, looking at adjustable-rate mortgages can make more sense. That’s because you can take advantage of the ARM’s low initial interest rates, then sell the home before your rate begins to reset. Be absolutely sure you will only be in your home a short while. Many homeowners were banking on ARMs, but suffered rate increases when the value of their homes fell in 2008 and they were unable to sell.

If ARMs seem like too much of a risk to you, look seriously at a shorter-term fixed rate mortgage. Your monthly payments will be larger, but you will nab a much lower interest rate. Ultimately, you’ll pay much less over the life of the loan with the added bonus of building equity much faster.

Finding the Best Mortgage Lenders

Taking out a mortgage can be a time-consuming, confusing, and even emotional process. For that reason, we encourage you to look beyond getting the best mortgage rates when choosing your lender. The top mortgage lenders will not only give you a competitive rate, but make the process as seamless as possible. Here are a few tips that can help you find the best mortgage companies.

Tip #1: Do your homework online

Harness the power of the Internet to give you a wider perspective than you can gain from family and friends. You can find reviews of the best home loan lenders with just a few clicks. As with all online reviews, remember to consider trends. A few very bad (or very good) reviews may be an anomaly, while dozens of good or bad reviews probably get you closer to the truth.

A particularly good place to look is J.D. Power and Associates’ annual mortgage lender customer-satisfaction survey. The 2014 survey, based on the experiences of thousands of real customers, found Quicken Loans had the most satisfied customers, followed by Bank of America, Chase, U.S. Bank, and USAA. Criteria included how satisfied customers were with application and approval; whether the closing process was relatively quick; and whether the lending agent was reliable and easy to understand.

Tip #2: Ask friends and family

Local lenders may not have as many online reviews, so asking around can be crucial in helping you find the best mortgage companies in your area. Conduct a quick survey of your family and friends, especially if they’ve recently purchased or refinanced a home. Ask whether they felt they understood the lending process, whether their agent was prompt and courteous, and whether they feel they got the best rate they could.

Of course, it may so happen that your real-estate agent steers you to a reputable company. Happily, this was the case with my most recent home purchase. My husband and I researched the lender our agent recommended and found nothing but good reviews. We’ve been satisfied customers ever since closing.

Tip #3: Take note of how you’re initially treated

If you call a lender for information and don’t receive it quickly, consider that a red flag. Similarly, any lender who is unwilling or unable to clearly answer your questions — or acts like it’s a pain to do so — will probably be less than pleasant to deal with further down the line. Several of our calls to prospective lenders went unreturned, and we crossed those companies off our list immediately. Your mortgage might be the biggest financial transaction of your life, and you should feel comfortable with your lender.

Common Types of Mortgages

Obtaining a mortgage doesn’t always mean you’ll be coughing up 20% down and forking over the same payment for 30 years. Take a look at today’s most common types of mortgage so you understand what’s the best for you — and obtain the best mortgage rate in the process.

Fixed-rate mortgages

A fixed-rate mortgage is by far the most common type of home loan. It’s also the easiest to understand. Though the proportion of principal versus interest on your bill will change over the course of the loan, you still pay the same amount every month. Your interest rate is locked in when you close on the loan, so you aren’t vulnerable to sudden increases in interest rates.

Of course, while you aren’t vulnerable to interest-rate increases, you’ll lose out if rates decline — you’ll be stuck paying that higher rate. It can also be harder to qualify for a fixed-rate mortgage if your credit score is less than stellar, particularly if interest rates are high. Down payments are typically high, too, with most lenders requiring 20% of the loan to avoid pricey mortgage insurance.

Fixed-rate mortgages are most often offered for 10-, 15- or 30-year terms, with the latter being the most popular choice. Longer terms generally mean lower payments, but they also mean it will take longer to build equity in your home. You’ll also pay more interest over the life of the loan.

We opted for a 30-year fixed-rate mortgage when we bought our most recent home. Because we closed at the beginning of 2013, when rates were at historic lows, we were reasonably confident about locking in our rate. Though we still have to pay mortgage insurance because we didn’t quite have a 20% down payment, we’re able to afford it, and we don’t mind taking a while to build equity since we believe we’ll be staying put for a long time. It’s also easy to budget for the same payment every month.

Adjustable-rate mortgages (ARMs)

ARMs make home-buying more accessible for more people. Typically, they offer lower down payments, lower initial interest rates, and lower initial payments, making it easier for a wider range of people to qualify for better homes. The interest rate remains constant for a certain period of time — generally, the shorter the period, the better the rate — then rises and falls periodically according to a financial index.

The main downside is obvious: If your ARM begins to adjust when interest rates are climbing, your escalating payments could start to squeeze your budget. It can also make annual budgeting tricky, and if you want to refinance with a fixed-rate loan, the cost can be quite steep. Ultimately, with an ARM, you’re accepting some of the risk that your mortgage lender would absorb with a fixed-rate loan.

There are several kinds of ARMs. One-year ARMs typically offer the best mortgage rates, but they’re also the riskiest because your interest rate adjusts every year. At slightly higher rates, hybrid ARMs offer a longer initial fixed-rate period. Common hybrid loans include 5/1 mortgages, which offer a fixed rate for five years and then and an annually adjustable rate for the next 25 years.

FHA and VA loans

FHA and VA loans are government-backed mortgages. FHA loans require much smaller down payments than their conventional counterparts. In fact, you may qualify for an FHA loan with as little as 3.5% down. They may also be available to those with less-than-perfect credit. However, you’ll likely be on the hook for mortgage insurance each month in order to help the lender blunt some of the risk. That makes FHA loans a good option for those with a steady, healthy income without enough savings for a huge down payment. My husband and I purchased our first home using an FHA loan and roughly 10% down. Though we did have to pay mortgage insurance, we received a good interest rate and could easily handle the payments with our income — and of course, we were happy to start building equity instead of paying rent month after month.

VA loans are also available with low (or even no) down-payment options, minus the mortgage insurance required on FHA loans. However, the VA typically charges a one-time funding fee that varies according to down payment. You must have a military affiliation to get a loan — active-duty members, veterans, guard members, reservists, and certain spouses may qualify.

Interest-only mortgages

Technically, interest-only mortgages are a type of ARM. These mortgages are compelling because they allow home buyers to pay only interest for a certain period at the beginning of the loan, keeping payments as low as possible. They can be a good choice for someone who expects a significant increase in income down the pike.

If this sounds like a sweet deal, it’s because interest-only mortgages come with tremendous risk. They can goad buyers to purchase much more home than they would otherwise be able to afford. Your payment is lower initially, because you are only paying interest, and not principal. Once the interest-only payment period is up, your payment will jump significantly when you begin to pay the principal of the loan, plus you can experience a rate increase. With these risks, you’ll probably want to steer clear of interest-only mortgages as your primary option.

Balloon mortgages

Balloon mortgages offer low, fixed interest rates for a short term — typically five to 10 years. In fact, you may only pay the interest on the loan for that term. The catch? The remainder of the loan, likely a very significant sum, is due when the term is up. While most people intend to refinance with a more traditional mortgage to avoid making the lump-sum payment, depending on doing this is a big risk. If your home has declined in value or you’re deemed uncreditworthy, you might be out of luck — and at risk of foreclosure. For this reason, balloon mortgages are best avoided except in very special cases.

Starting Your Search for the Best Mortgage Rates


You’ll need a good understanding of the best type of loan for you as well as prevailing mortgage rates. And be sure to pick a lender with a reputation for good customer service. Ready to begin? Get started by using our online search tool to find the best mortgage rates in your area.

Once you’ve found and purchased the home of your dreams, you’ll need to protect your investment. Check out our guides to the Best Home Insurance and the Best Home Warranty Companies to keep your home safe from everything from natural disasters to pesky appliance breakdowns.

Remember, securing the best mortgage isn’t simply about finding a lender who offers you the best rate. The best mortgage lenders will guide you through the complex process with ease and treat you with respect. This makes finding the best rates from top mortgage lenders a little bit tougher than finding, say, the Best Credit Card or the Best Savings Account.

And if you’re searching for other banking services, check out our other guides on the Best Free Checking Accounts, the Best Money Market Accounts, and the Best CD Rates. Good luck!

South Korea plans to build the largest test site for self-driving cars in the world

 
So far self driving cars have been making the craze. We are now so lazy that we want to be driven about with our hands in our pocket. It is not like I myself I’m the most hardworking. Left to me, I wouldn’t mind playing PES on a very busy expressway in my car, just me no driver! Of course I’m an advocate for self driving cars although such cars are largely under restrictions with a lot of legislations globally forbidding self driving cars on major roads. This has intensified the need for more acute tests to perfect the self driving car technology.
South Korea much to my relish is championing the tests for self driving cars massively. The government of south is building a site dedicated to self driving cars with an extensive size of 88 acres. This would climb up to be the biggest testing centre for self driving cars on the whole world. From reports reaching us, companies like Samsung. Hyundai who have been lurching for self driving cars would use this site to test have self-driving cars.
The facility from the architectural arrangements on ground would boast 360,000 square meters well enhanced with expressways and bus-only lanes. About $9.7 million is set to be soaked in this project.
I can’t wait for self driving cars to get to naija, at least a better chance to escape LASTMA and “roja” wahala.

Hurray iTunes for Windows is coming to the Windows Store

 
Well of late we have been having many surprises, things we wouldn’t have easily predicted from the start. From the $70 million hidden away in a house in Lagos to Donald Trump winning the U.S. Presidential elections, to Britain voting to leave the EU down to Chelsea winning the English premiere league all the way from 10th position last season. We have just been singing a album of “waohs” as we are been fed mouthfuls of surprises continuously. And to keep the frenzy going on, Microsoft is unleashing another surprise on us.
Microsoft is allowing iTunes on board the Windows Store. This was a bolt out the blue though as Microsoft made the announcement at its Build conference rattling the world that iTunes will be making its debut the Windows Store.
iTunes is coming to the Windows Store by the end of this year. #MSBuild pic.twitter.com/WHM533S7Sv
— Windows (@Windows) May 11, 2017
Well while this is shocking, we can’t however deny that it is goodnews. Time past what we had for iTunes was a standalone app which was restricted to the website of Apple. Considering this, if we now have iTunes on Windows Store, you can now see the gladdening convenience this brings in as people can now more comfortably download it on their laptops.

What we can’t say for now however is if it is going to be a standalone version of the iTunes. On a personal note, I hope Microsoft can extend its nice gesture further into bringing Chrome to the Windows Store.

50 Best Investment Banks Morgage Rate to Work For 2017

50 Best Investment Banks to Work For

Today, we release our annual Vault Banking 50, a ranking of the best investment banking firms to work for in North America.

This year, the rankings were based on a survey of more than 3,000 investment banking professionals at all levels, from analysts and associates to managing directors and partners. Our survey asked professionals to rate their peer firms in terms of prestige, as well as their own firms in numerous quality of life categories, including culture, compensation, overall satisfaction, training, work/life balance, hours, and diversity.



To calculate the Vault Banking 50, we used a weighted formula that combines a firm's prestige score and various quality of life ratings, creating an overall "best to work for" ranking. We also compiled rankings in Prestige, Quality of Life, and Diversity.

Noteworthy this year, along with a new No. 1 firm, was the continued rise of the investment banking boutiques. Several boutiques (the relatively smaller banks on Wall Street) had excellent years in our rankings, rising many places in numerous categories. This underscored the smaller firms' continued rise in the investment banking league tables, as well as their successful implentation of various workplace policies.

What follows are this year’s big winners: the top 10 firms of the 2017 Vault Banking 50. All of our new banking rankings can be found here.

Tutorial: How you can adjust the length of your video when uploading videos via the YouTube app

 
Youtube has established itself globally as the frontward destination for video. As a creator, Youtube represents a handsome way to earn some cash. The beauty however is that anyone can upload video on YouTube. Let us show you simply ways you can manipulate your video before you upload them on YouTube.

YouTube allows you to make adjustments to the length of the video choosing when and where your video starts and stops. It is very possible when uploading videos on the YouTube app. Let us go through the procedures.
To start with you have to launch the YouTube app possibly from your app drawer or your home screen as the case may be. From there you will need to tap on the upload button. Have you seen it? It is appearing on the right hand side of your screen. It has this resemblance of a video camera.
So you will now to have to click on the video you will be uploading.
The next activity involves dragging and dropping your intended video . You do this by dragging the blue bumpers. After you will have to appropriate a befitting title for the video you are uploading.
Click on a privacy option for your video. There are actually three options for you to take from. They include Public, Private and Unlisted. In private it is only you that can see it, in public, anyone can see it while in unlisted any person can see it so long they have the link.
So to make adjustments to how long your video is, you will have to drag the the blue bumpers to suit your preference.
After that click on the white arrow. It is appearing on your screen by the upper right corner. And that is all! .

The World's Top 10 Investment Morgage Banks Investment

Investment banking is a stream of banking that primarily focuses on capital financing for global and local businesses, individuals and even governments. These diversified finance requirements can be in the form of equity/debt IPO, bonds offering, mergers and acquisitions, portfolio management, etc. (See Related: Information and Advice on Investment Banking)




How are investments banks ranked? While there can be several criteria, the easy ones to look at are the revenue numbers, global reach, employee headcount, income, etc.

This article lists the top 10 full service global investment banks, with a brief introductory description and recent income details of each, based on a combination of the above-mentioned parameters. Although investment banks have a lot more functions (like retail banking) which may not necessarily fall within investment banking space, the list below indicates the top rated banks and their numbers as a whole. Details specific to investment banking division are included, based on available data.

· Goldman Sachs (GS): One of the oldest banking firms founded in 1869 and headquartered in New York, GS offers a wide range of services spread across four divisions - investment banking, institutional client services, investing and lending and investment management. Goldman Sachs reported net revenues of $34.210 billion for 2013, of which investment banking division contributed $6 billion. Other divisions’ revenues were higher, but maximum percentage growth was in the investment banking space (around 20% - compared to 2012). Earnings per share (EPS) were $16.34.

· JP Morgan Chase (JPM): One of the largest investment banks, JPM Chase reported net revenues of $96,606 million, of which investment banking revenue contributed $1,700 million. EPS was $4.39. “The firm has $2.4 trillion in assets and $211.2 billion in stockholders’ equity” and operates in 60 countries with more than 260,000 employees with a diversified set of services. Apart from investment banking, it also operates in small business finance, international banking, transaction processing and private equity.

· Barclays (BCS): Founded in 1896, the London, UK based investment bank hit the recent headlines for allegations about rigging of London interbank rates and news about huge number of job cuts globally. Backed by a strong workforce of 139,600 employees globally, reports indicate total income of £28,444 million of which the investment banking segment contributed to £10,733 million – a segment decline of 9% compared to previous year. Overall, EPS was 3.8 pence. Along with investment banking, it has a strong presence in retail and commercial banking and card processing business.

· Bank of America Merrill Lynch (BofA-ML): The large entity formed by erstwhile Merrill Lynch being taken over by Bank of America following the 2008 financial crisis, offers a wide array of banking services including investment banking, mortgage, trading, brokerage and card services. Operating in 40 countries across the globe with total revenue of $89,801 million, the investment banking division contributed $6,126 million (up from $5,299 of 2012). The overall EPS was $0.94 for 2013. (Report)

· Morgan Stanley (MS): Founded in 1935 and headquartered in New York USA, the global firm employs 55,794 employees spread across multiple countries. It reported net revenue of $32,417 million, of which the investment banking segment contributed $5,246 million. EPS was $1.42. Apart from the usual capital raising, M&A, corporate restructuring services, the firm also offers diversified services like prime brokerage, custodian, settlement and clearing, etc.

· Deutsche Bank (DB): Based in Germany and listed on XETRA stock exchange, Deutsche Bank reported a net revenue of EUR 31,915 million. One of the largest financial services firms of Europe, DB specializes in the cross border payments, international trade financing, cash management, card services, mortgage, insurance and the usual investment banking stream. Deutsche has a global presence with operations in 71 countries.

· Citigroup: Tracing its roots back to the origin of Citibank in 1812, Citi today has 251,000 employees with business and operations in 160 countries. Of the total revenues of $76,366 million reported for 2013, contributions from investment banking rose 8% from the prior year to $4,000 million. EPS was $4.35. The bank has a strong presence in investment banking, investment management, private banking and card processing streams.

· Credit Suisse (DHY): With a net income of CHF 2,131 million and EPS of 1.22 in year 2013 (report), the Zurich Switzerland based Credit Suisse group founded in 1856 today employs 46,000 members across the globe in over 50 countries. Apart from the regular investment banking business, it also has presence in taxation and advisory, structural lending, real estate leasing and investment research services.

· UBS: Another Swiss investment firm founded in 1862 and headquartered in Zurich, UBS had a net income of CHF 27,732 million and EPS of 0.83 CHF in the year 2013 (report). The firm has a strong workforce of more than 60,000 employees across the globe with majority of them in US and Switzerland. The firm specializes in services to high net worth and ultra-high net worth individuals, in addition to the investment banking, private, retail and commercial banking streams.

· HSBC: Another London based financial powerhouse founded in 1865 with operation in 75 countries serving 54 million global customers through 254,000 employees, HSBC offers a wide variety of services ranging from forex, leasing, M&A, card processing, account services, investment banking and private banking. Revenue totaling $ 64,645 for year 2013, EPS was 0.84 USD (report).

You will no longer be able to install Netflix on rooted devices from the Play Store

 
For many of us backdoor guys, there is nothing like tailoring operating systems to our personal taste. That is why we can be very ecstatic going the length to root our phones. Some of us would have possibly loved rooting the ancient Nokia 3310 to an android phone. Not too ambitious though.

There is quite some bad news for us rooting folks though as it seems the Netflix app for Android will no longer be able to install on rooted devices from the Play Store.
Commencing from the version 5.0, if you happen to be using a rooted Android device, there is no other avenue for you than locate alternative means to getting the Netflix app on your phone. If you happen to be those to be among who before now have installed the Netflix app on your rooted Android phone, for the time being you will still be able to use it.
Going by directions Netflix is taking, the new app runs Widevine DRM. This program is very peculiar to Google as it basically runs on devices only with Google certification. Of late we had the release of the version 5.0 from Netflix on the Play Store. One of the principal things this version added was bringing on Dolby Vision and HDR. It was only the LG G6 that boasts support for this previously.