Are new tracker mortgages good or bad

Over the last few months and again today I’ve seen new tracker mortgages being pushed by lenders here in the UK and it got me thinking about the current mortgage market and if these products are a good or bad thing if I had to remortgage right now?

I’ll use an example of a 2 year base rate tracker mortgage, this is an actual mortgage on offer in the UK but I won’t say which lender it is. The interest rate tracks the Bank of England base rate (at the moment this is 5 per cent) and you pay +0.98 per cent on top. So if you took out this mortgage today you’d be paying 5.98 per cent interest.

CUstomers can borrow up to 75 per cent of the value of their property and there is a 999 arrangement fee, which is fairly cheap in comparison with other fees around.

Firstly I must say it’s good to see a fairly competitive interest rate with the added benefit of a reasonable product arrangement fee. I say ‘reasonable’; personally I think mortgage fees are a rip off becuase the lender is providing mortgages to people every day, at the very least I think there should be a cap on mortgage fees. However, in today’s market a fee under 1,000 is a good start.

It’s also quite a warning sign for me that all the tracker mortgages seem to have competitive interest rates and low fees at the moment, compared to fixed rate mortgages. I say this because industry experts are predicting interest rate rises in the coming months, on-one knows when exactly of course but I’d say interest rates will rise again before the end of 2008.

This means that everyone taking out a tracker mortgage now will end up with higher monthly payments by the end of the year. It seems like lenders may be trying to attract new customers with the low fees and relatively low interest rates of a tracker mortgage rather than a fixed rate mortgage. No wonder the fees and interest rates of fixed rate mortgages are increasing – lenders don’t want people to take out these products so they’re pricing consumers out.

One thing is for sure though, everyone has a choice when it comes to mortgages.

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BIM Modeling- Adding Technical Advantages to Construction and Architecture

With the extensive advancements in technology, the process of construction and architecture have become more organized and streamlined. A highly precision and technology driven process, BIM modeling consists of steps for generating as well as managing digital blueprints of a building, irrespective, of its nature whether a factory, hotel, office or any other form of physical structure. The process of digitizing important data relevant to the construction of a building, aids decision-makers to make critical judgments and evaluations about modification across its lifespan including in habitation, operation, and demolition. It is now highly appreciated by architects, civil engineers, constructors and others occupied in construction of a building and infrastructure sector across the globe.

To carry out the entire project management in an effective manner, a BIM Manager or a VDC Project Manager takes control of the entire process. In projects, they work in co-ordination with Design Construction Team on behalf of the client. However, companies are also hiring BIMs at different stages of the project delivery and handling. Thus, the intensive level of dynamism and ease of customization provided by converting these important data into a suitable digital format, construct multifunctional structure on the surface. The engineering solutions offered by expert companies are now preferred by every construction firm for their projects.

A revelation to traditional building design systems that were initially dependent on two-dimensional drawings of building sections, plans, elevation and other parts, digitization of maps offers numerous advantages. It offers updated technology which include the 3D maps and introduction of factors such as time and cost as an essential part of the project data, the other two important dimensions to modern day digitized maps of home and offices.

It not only included, geometric calculations into building maps but also comprised of other factors as mention of surface space, geographic study, building material study, ergonomics, green building, light analysis, etc. which were neglected earlier. This provides an efficient solution for building construction in the hands of architects and engineers.

Many companies specializing in Engineering Design Services ensure that they make use of this sophisticated technology to offer customized solutions as per the construction concepts, ideas, and design requirements put forth by clients. The design tool of this building solution presents the different views of a building model for construction and other usages of the building. In this model, a slight change in a one object of the model or design, automatically, changes other dependent model and an architect do not need to break model for every change.

The author is an experienced Content writer and publisher for Business Development. Visit us to know more about Engineering Design Services, BIM modeling and Digitization of maps.

Meenakshi Temple Madurai The Best Of Dravidian Architecture

Meenakshi Sundareswarar Temple or Meenakshi Amman Temple is a historic Hindu temple which is located in the city of Madurai in Tamil Nadu. This is among the most famous temples of India which is known throughout the world for its outstanding and impressive architectural beauty. In Hindu religion temple is the place which is reserved for spiritual and religious activities that include prayers and analogous rites.
Sri Meenakshi temple of Madurai is dedicated to Lord Shiva and his consort Goddess Meenakshi (Parvati). Goddess Meenakshi is an incarnation of the Goddess Parvati who is worshiped mainly by South Indians. The utmost architectural wonder of this templeis a testimony to the affluent Dravidian Culture. Some of the prominent features of this colossal temple are:

Temple Architecture:
This temple was built by Kulasekara Pandyan around 2000 years ago. The colossal structure of this temple is among the finest preserved monuments of the Dravidian style of temple architecture. Architectural and sculptural magnificence is the aspect of this temple which makes it popular throughout the world. The temple premise is surrounded by elevated wall which is adorned with various paintings and sculptures. The main deities of this temple are Lord Sundareswarar and Goddess Meenakshi, whose sanctums are encircled by number of smaller shrines and majestic pillared halls. Among the several magnificent structures the most striking ones are the 12 gopurams which are known for their bright colors painting and decoration of stucco figures of deities, animals, monsters, demigods, and celestial nymph.

Ashta Shakthi Mandapam:
This is located at the eastern entrance of the temple which is known for its 1,008 lamp holders. During festive occasions these lamps are lighted which gives spectacular sight to this place. Pillars of this structure are known for their carvings which depict the stories related to Meenakshi’s birth and LordShiva’s Thiruvilayadals (miracles). These pillars are carved on various mythological themes which mesmerizes visitors.

Meenakshi Nayakkar Mandapam:
It is situated adjacent to the Astha Shakthi Mandapam which is known for its 110 pillars. These pillars are famous for their beautiful carvings based on various religious and non-religious themes. A figure of animal with a lions body and an elephants head called Yalli is extremely beautiful.

Porthamarai Kulam (Golden Lotus Tank): >
This is the sacred lake situated inside the temple premises, in which devotees take bath. According to the Indian mythology it is believed that Indra bathed in this tank to wash away his sin, and then worshiped Lord Shiva with golden lotus flowers from the tank. It is surrounded by the corridor which is known for its beautiful sculptures based on various religious themes. The pillars on the northern side of this corridor are decorated with 24 poets of the Third Tamil Sangam.

Some of the other well known attractions of grand Dravidian style edifice are Oonjal Mandapam, Swami Sundareswarar Shrine, Kalyana Mandapam, Aayiram Kaal Mandapam or Thousand Pillar Hall and many more.

How To Identify The Best Colorado Mortgage Companies

Several places are available for obtaining mortgage rates from different Colorado Mortgage companies. Look at the ads or scour the advanced engines online and you will find many companies offering different rates in your area. Try to find one in the state of Colorado when you are looking for the best Denver refinance rates. The homes in and around Colorado are unique and offer homes that range from modest to luxury.

First, try to find a Mortgage company that offers quotes that spell low interest rates. However, just because the company offers low rates does not mean that they are the best. It is important to ascertain that they have a reputation in the area and are not out to take your money by luring you with false quotes. You should start by examining the fees charged for the mortgage loans. Each company offers different closing costs which you should note. The terms and condition of Colorado Mortgage companies differ and therefore you should be able to make your final decision after studying these points and making comparative notes. The company you select should have excellent customer service and answer all your queries. They should be experienced in the field and help you understand the rates and quotes that are offered.

Refinance is the term that refers to the replacement of a current home loan debt with another obligation of debt with different terms. People do this to either extend the length of the repayment period or to change the existing parameter. People may prefer to pay the Denver refinance rates if their present agreement involves adjustable interest rates. Due to various reasons such as economic turmoil, the interest rates may fluctuate and this affects the mortgage interest rates. This may cause someone in Denver to refinance the adjustable rate mortgage and make it a fixed rate to enable them to pay the amount determined beforehand on the mortgage.

If you plan to live long in your current home in Denver, then you can use this option of refinancing. Call your mortgage counselor and ask them for their valued advice and guidance. They will explain the benefits and disadvantages and help you make the right decision. People in Denver are now refinancing their mortgages in the hope of getting a lower rate. Some people may use their mortgage on their property in Denver to consolidate debts. They may be able to transfer their debt from a high interest rate to a lower interest rate and save money.

There are many reasons to refinance the mortgage but it is important to know the different options and consider the pros and cons when taking one on the Denver home. Beacon Financial is a private company that arranges for loans, using money of others. They offer exceptional service and great rates including low closing costs. This is why you should select one of the best mortgage companies in Colorado to help you make a vital decision on Denver refinancing.

Liven up the living room with Coffee Tables & Accents

Strategically placed coffee tables and accents makes your living room look beautiful and appealing. eFurnitureMart.com has a wide range of modern and contemporary coffee and accent tables in various sizes, shapes, design and style. Purchase these living room tables at very low price from this online store.

Living room creates the inviting first impression for your house. It is the most lived room where you spend most of your time reading or chatting with family and friends. It is necessary that you furnish your living room the way you want them to look like. You can accentuate the look of your living room with coffee tables, accent tables and end tables that not just add convenience and comfort but also perks up the decor.

End tables: Create an impressive look by keeping end tables at the corners of the sofa. Depending on your requirement and available space, you can either choose a broad top or round end table. You can put together right set of accessories, collectibles or beautiful accents on a broad top table. If you are someone who is interested in collecting small, yet interesting accessories, then end tables give you the right space to showcase them. To make it even more functional, use it to hold magazines and books for easy reach. End tables with bold curves, hand carved legs, and minimalistic designs are sure to be a center of attraction in any room.

Coffee tables/Accent tables: Coffee tables get the most attention – whether it holds coffee mugs, photo frames with cherishing memories or a vase with fresh flowers. Accent coffee tables that are detailed with carved accents and scalloped edges can easily change the look of any room. Create a dramatic look with an artistic accent table that has oval glass tops, elegant curves, crossed flat bar. Accent tables with storage shelves give extra space either to display collectibles or for storing magazines and newspapers. While buying these tables, choose the right online site that offers quality furniture that will give you your money’s worth. eFurnitureMart is one such leading online store that provides such furniture from top-selling manufacturers. Choose from the wide range of accent, coffee or end tables available at eFurnitureMart.com at reasonable price to liven up your living room.