The 21st Century Way To Build Equity

Written by B.F. Boggan

Here to stay and firmly established inrepparttar U.S. mortgage market, biweekly mortgage payments are gaining momentum. First introduced intorepparttar 133526 U.S. inrepparttar 133527 early 1980's by several small Northeastern Banks,repparttar 133528 idea of biweekly mortgages has its origins in Canada.

This concept soon becamerepparttar 133529 popular choice nationally within less than a decade after it's arrival placingrepparttar 133530 biweekly payment plan inrepparttar 133531 forefront of Canada's mortgage industry around 1972 for several good reasons. Considerrepparttar 133532 following:

1. Most people are paid weekly or biweekly, therefore, it is reasonable to have as an option "biweekly mortgage payments".

2. On a biweekly mortgage payment schedule, one half of a loan's monthly payment is made and credited torepparttar 133533 account holder every two weeks. This is equivalent to making 13 monthly payments instead ofrepparttar 133534 usual 12 monthly payments reducingrepparttar 133535 loan's payoff time.

3. Faster accumulation of equity build up of up to 300%, plus a reduction in interest owed onrepparttar 133536 loan due to your prepayment isrepparttar 133537 result of using a biweekly payment schedule; that's without any increase to your monthly output. In other words, you'll get more value per dollar and save thousands as well; as much as 25% to 30% in interest overrepparttar 133538 life ofrepparttar 133539 loan.

Combinerepparttar 133540 benefits of a biweekly payment schedule with a union between an Electronic Funds Transfer (EFT) mode of account servicing that is governed by Regulation "E" ofrepparttar 133541 Federal Reserve to a plug intorepparttar 133542 internet and you will find a super-efficient, safe, consumer-friendly method of paying a monthly obligation that won't take a huge bite from one paycheck. It doesn't take nuclear physicists to understand why this type of arrangement is frequently referred to asrepparttar 133543 "Common Sense Mortgage".

RFID Spychips! Grocery Store Surveillance

Written by Mike Banks Valentine

Privacy Storm Over RFID Chips by Mike Banks Valentine

American consumers

RFID stands for Radio Frequency Identification and is a term that will become increasingly well known as usage ofrepparttar new technology becomes pervasive. There is no question thatrepparttar 133525 tiny chips, which enable tracking of physical goods fromrepparttar 133526 assembly line to warehouse to retail outlet to checkstand, will replacerepparttar 133527 barcodes previously used for that purpose.

Some RFID chips are tiny, they are nearly indistiguishable from dust in many cases. Photo link:

These dust sized RFID chips are capable of transmitting their own SKU (Sales Keeping Unit),repparttar 133528 same info currently encoded in barcodes, distances of up to 20 feet to an "RFID Reader". But that's not all these diminuitive little chips can do. They are capable of sending a unique serial number that can identify repparttar 133529 item it's embedded in - down to it's date and location of manufacture. Barcodes were limited to carrying information that identified classes of products. RFID carries information equivalent torepparttar 133530 product DNA, while allowing a number for every item onrepparttar 133531 planet!

When that item passes an "RFID reader" atrepparttar 133532 manufacturer's door,repparttar 133533 tracking system knowsrepparttar 133534 item has passed out ofrepparttar 133535 building. Another reader signals that it has now passed into a train or plane to be shipped to a warehouse, where another reader tracks arrival and storage information, then successive readers know it passes to truck, grocery shelf, retail check- stand and outrepparttar 133536 door. All of this can now be accomplished without opening containers, leading to huge cost savings throughoutrepparttar 133537 "supply chain".

Privacy issues don't arise until consumers link that chain. Walmart is now REQUIRING their 100 largest suppliers to use RFID tags atrepparttar 133538 pallet level. Meaning that those tags are currently in use to identify and track groups of products as they arrive atrepparttar 133539 Walmart warehouse up until shelving atrepparttar 133540 giant retailer. Some products, such as Gillette razors, had been testing individual item tracking up until final sale and removal fromrepparttar 133541 Walmart store. Privacy advocates slowed that practice by launching a boycott of Gillette.

Ifrepparttar 133542 privacy concerns over tracking of a single product throughrepparttar 133543 store to sale caused slowing of implementation of this technology, what can we expect when EVERY product is RFID tagged? There is no doubt this is coming and not in repparttar 133544 distant future, but withinrepparttar 133545 next 5 years or so. The US Department of Defense is now requiring ALL vendors to use RFID technology and embed tags in products sold torepparttar 133546 US military by next year.

Clearly there will be little or no outcry from military and government personnel about privacy invading technology since government is rarely expected to respect privacy "in-house". But if all military vendors are compelled to use RFID chips in every item used in every one ofrepparttar 133547 millions of supplies sold to and used byrepparttar 133548 military - by next year, 2005 - then there is little doubt thatrepparttar 133549 entire US goverment will soon implement this same policy for all items purchased by Uncle Sam and used by government employees.

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