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I would whole heartedly recommend this book for the serious collector of the coins of England and the UK.
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"Mortgages For Dummies" begins by asking the reader to evaluate how large of a mortgage he/she can afford. Tyson and Brown discuss budgeting, which is something many people will already know. The authors point out that in addition to covering your basic expenses, such as food and water, you must also allow for your other financial goals, such as retirement planning. Only through budgeting will you get a handle on how large of a mortgage you really can afford. Obviously, you don't want to wind up with mortgage payments you can't pay!
Lenders have separate evaluations of how much you can afford. Tyson and Brown suggest that lenders will expect your monthly housing expenses and repayment of non-housing debt to total no more than about 36% of your monthly income. And, your total housing expense probably shouldn't exceed 28% of your monthly, pretax income.
Tyson and Brown suggest not making an overly large down payment, "if it depletes your emergency financial cushion." And, don't accept a bigger mortgage than you think you can afford just because the banks say you can afford it!
If possible, you probably want at least a 20% down payment on your home. Lenders borrowing to people with less than 20% equity have found that there is an increased risk of default. Because of this, Tyson and Brown explain new homeowners with less than 20% equity in their homes will need to pay Private Mortgage Insurance (PMI). PMI can cost hundreds of dollars a year. PMI benefits the borrower, not the homeowner. Tyson and Brown suggest that as soon as you have 20% or more equity in your home, you should eliminate PMI.
Another option is to have the government insure or guarantee your loan. Mortgages For DummiesTM mentions FHA, VA, and FmHA government-guaranteed loans.
Chapter 3, Fathoming the Fundamentals, was one of my favorite chapters. The chapter does a good job explaining the secondary loan market and the purpose of the Federal National Mortgage Association (FNMA, or Fannie Mae) and the Federal Home Loan Mortgage Corporation (FHLMC, or Freddie Mac).
"Mortgages For Dummies" discusses the difference between conforming and non-conforming mortages. Tyson and Brown write: "This delicious tidbit of information can save you big bucks. Conventional mortgages that fall within Fannie Mae's and Freddie Mac's loan limits are referred to as conforming mortgages. Mortgages that exceed the maximum permissible loan amounts are either called jumbo loans or nonconforming loans. ... You pay dearly for nonconformity."
"Mortgages For Dummies" goes on to give the money-saving tip: "If you find yourself slightly over Fannie Mae's and Freddie Mac's limit, don't despair. You can either buy a slightly less expensive home or increase your cash down payment juuuuuuuust enough to bring your mortgage amount under the conforming loan limit." The "juuuuuuust enough" isn't my typo, although I probably got the number of u's wrong. It's Dummies' humor.
Today, "Mortgages For Dummies" Chapter 9, Refinancing Your Mortgage, will be popular. Tyson and Brown provide an example showing how quickly your refinancing will breakeven. They give us "Refinancing's Magic Formula" to calculate if you should refinance.
"Mortgages For Dummies" doesn't formally introduce the annual percentage rate or APR, and I believe this is a critical oversight. (The book does mention APR in its glossary). So, you might be quoted 7.2% and not realize this rate doesn't take into consideration points and fees you will pay, i.e. it's not the APR. Suppose your current mortgage rate is 8% (APR), you might quickly calculate that you save (neglecting tax effects) 8 - 7.2 = 0.8% on the principal loan amount. This would be incorrect, because your actual APR would likely be higher than 7.2% due to the added fees. You really need to distinguish between the fee-inclusive rate and the fee-exclusive rate you might be quoted.
Overall, I think reading "Mortgages For Dummies" is useful for people who are buying their first home or considering refinancing an existing home. Enough dollars at stake that you should pursue all information on the topic and become an informed consumer, even if you need to tolerate some siiiiily jokes.
Peter Hupalo, Author of "Becoming An Investor"
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Great book for anyone involved in managing and implementing DWs!
This book provides the first complete coverage of (almost) any possible issues, risk and problem arising in a DW project. It also, provides some guideline about how to manage them.
The book goes well beyond Kimball (in the project management area) and provides many useful tools in the CD-rom
A really good investment if you consider it will directly affect your DW project cost !
If you have to go it alone. Mr. Adelman and Ms Terpeluk-Moss provide the benefit of their experience as consultants, Project Managers and Educators to you.
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Indeed the underlying premise that these were two great warriors destined to meet on the field of battle is the stuff that drama, not real history, is made of. By all accounts the Indians didn't even know Custer was there until the fighting was over, and while Crazy Horse was known as a great warrior amongst his people, there were many respected warriors on the field that day. Crazy Horse was, at most, a first among equals.
Indeed, in trying to popularize his history, Ambrose makes the common mistake of portraying Crazy Horse as a general leading his troops into battle. Phrases like "Crazy Horse stuck to his command post," may help to bring the battle to life for WWII veterans, but it is not a truly accurate rendering of how Indians fought.
Ambose does do a good job in the first two chapters of showing the vast differences in the cultures these to men grew up in. For this I give the book two stars. It's also not a bad introduction for someone who has no previous knowledge of the topic. Only, however, if it encourages them to go on to read better and more accurate works.
To get back to "Crazy Horse and Custer", it's a very fine book. The only problem I had with it is that in harping about the U.S. government's failed, if halfhearted, effort at genocide and his assertion that Native Americans were simply in the way of inevitable western expansion, Ambrose fails to differentiate between physical and cultural genocide. The physical genocide obviously failed, but cultural genocide very nearly succeeded.
Despite that caveat, if you are interested in the history of the Indian wars and especially the history of these two very different and yet remarkably similar men, "Crazy Horse and Custer" is is a must read.
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Ms. Sakamoto's comnpassionately and deftly explores the psychology of her protagonist, and only slowly does the "truth," of present homicides and past relocation, emerge. However, I felt as if I were being manipulated, that denial of essential information (submerged and distorted in Asako's mind) inhibited rather than clarified understanding. Thus, by novel's end, as Asako comes to grips with her life and the shattered ruins of her memory, I had lost whatever sympathy I struggled to maintain for her.
Despite my reservations, I do consider "Field" an important contribution to our understanding of the ramifications of the horrific consequences of sanctioned government racism. Though not of the quality of her sister Canadian Joy Kogawa's novels, "Field" is at its best when it describes two profoundly different reactions to relocation: the passionate anger and demand for redress of Yano and the smothered sadness and drive for oblivion in Asako. Both characters persuasively remind us that forgetting is simply not an option and that past injustices leave incredibly complex scars. The author symbolically depicts the isolation and displacement of post-relocation life; the looming cage-like electrical towers and the ominous garbage-made hill (carrying the name of the prime minister who ordered relocation) are terrific examples of imagery.
This deserved praise cannot rescue "The Electrical Field" from its excessive murkiness. In this regard, we must await Kerri Sakamoto's future work to see if she can live up to the thwarted promise of her first novel.