“Take 20% of the cost of the home you can afford and you’ve got your savings goal.”
But buying a home is easier said than done. During the housing boom of the mid-2000s, almost anyone could buy a home with zero money down. Today, it’s a different situation, as lenders have gotten much pickier. The best loans with the lowest interest rates go to people with steady incomes, great credit scores, and that magic down payment of 20%. On a $250,000 home, the down payment would be $50,000. That’s a lot of money.
You might be able buy with less than 20% down, but your interest rate will likely be higher, adding thousands—even tens of thousands—to the total cost of the loan. You also may be required to buy private mortgage insurance, which is typically 1% or more of the loan amount each year. If you could only swing a $20,000 down payment and had to take out a $230,000 loan, your mortgage insurance would be a minimum of $230 a month. Continue reading 6 Steps to Save for a Home
Today, we would like to share with you a biotech company from Georgia – CryoLife , which is doing interesting work in the area of Cardiovascular Medical Devices and Tissues.
CryoLife Inc. (NYSE:CRY) is engaged in medical device manufacturing and distribution, and in the processing and distribution of implantable human tissues for cardiac and vascular surgeries. The Company operates in two segments: Medical Devices and Preservation Services.
- The Medical Devices segment sells BioGlue, BioFoam, PerClot, CardioGenesis cardiac laser therapy, Hemodialysis Reliable Outflow (HeRO) Graft, and ProCol Vascular Bioprosthesis (ProCol).
- The Preservation Services segment preserves cardiac and vascular tissues. The Company’s surgical sealants and hemostats include BioGlue Surgical Adhesive (BioGlue), BioFoam Surgical Matrix (BioFoam), and PerClot, an absorbable powdered hemostat, which the Company distributes internationally for Starch Medical, Inc. (SMI). Its CardioGenesis cardiac laser therapy product line includes a laser console system and single-use, fiber-optic handpieces. Continue reading CryoLife Inc – Cardiovascular Medical Device Company
General Dynamics, which is a leading an aerospace and defense company of USA, has reported that two of its subsidiaries have been awarded contracts from the US Army and the US Navy, and the same was confirmed by the US Department of Defense (DoD).
The first contract was awarded to General Dynamic Electric Boat for a $47 million cost-plus-fixed-fee modification contract by the Naval Sea Systems Command to exercise options to perform non-nuclear submarine repair work on Groton, Connecticut submarines under the New England Manpower Initiative. Under this contract, General Dynamic Electric Boat will provide skilled personnel to perform non-nuclear submarine repair work at the Naval Submarine Base, New London, CT, in support of returning mission ready submarines to the fleet. The work will be performed in Groton, CT and will be completed by Dec 2017. Continue reading General Dynamics Gets Contracts from US Army and US Navy