| Daily Briefing: Eyes Roll, Heads Fine
Alberto Gonzales is pretty sure his only "mistake" was not squashing dissenting attorneys beneath his ostrich skin boot heel. [WP, NYT, WSJ, LAT] Iraq withdrawal "showdown" starts today in Senate, Republicans confident that, "President Bush is still popular and his Iraq strategy is popular." [WP, NYT] 9/11 security reforms passed by Senate yesterday face White House veto on grounds that TSA employees must have only one (1) pot to piss in, no more. [WP, NYT] Democrats on the lookout for $800 billion to cover, you know, "a health-insurance program for children, public education, veterans' health care and local police." [WP, NYT] Your buddy with the really hot condo is killing the economy. [WP, LAT] Pretend like you haven't heard this one before: DC voting rights bills starts in House. [WP] .
Comfort in old age
It is a great move made by the finance minister to support senior citizens in the evening of their lives. The FM has in the current Budget, stated that the National Housing Bank (NHB) will introduce the Reverse Mortgage Product. If you are a senior citizen and are unhappy that there are no special housing finance schemes, then you can rejoice over the entry of the Reverse Mortgage system in India. Reverse Mortgage is an ideal way for senior citizens to extract value out of their property without selling it. The Reverse Mortgage product allows a senior citizen to mortgage his or her property and receive either a lump sum or regular installments from the lender. The amount paid is based on a valuation of the property on parameters such as market value, longevity, structural viability, maintenance, infrastructure, and amenities, among other things.
Leeds Building Society announces new fixed-rate mortgage
In news which may be of interest to would-be first time buyers, Leeds Building Society has announced the launch of a new self-certification fixed-rate mortgage.Available to both first time buyers and repeat purchasers and fixed for a period of three-years, the new mortgage offers an interest rate of 5.79 per cent during the fixed period and is available for mortgages up to 300,000.To find out more about this mortgage and other mortgages for first time buyers, click here.Consumers opting for this mortgage will find it free of a higher lending charge."The take up on our self-cert mortgages has been excellent and the products, combined with the service we offer, confirms that clients like what we are offering," reports Karen Wint, head of marketing & PR at Leeds Building Society."This product allows even greater choice and the ability to budget," she added.Leeds Building Society was formally created in 1875.
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