Arizonians are among the millions of homeowners who have taken out almost $2.8 trillion in home equity loans in the last five years. Freddie Mac estimated that borrowers cashed out $170 billion of Flat head screws Factory their home equity in 2006 alone. In 2005, the figure was a record $244 billion.If you want to cash out some of your home equity, you have two options:Home Equity Loan Or Line Of Credit?An Arizona home equity loan will give you a set amount of money all at once. It can either be a fixed-rate loan or an adjustable-rate loan. Home equity loans makes sense when you need to pay for big-ticket items like major remodeling projects, or if you want to pay off high-interest credit cards or other debts.A home equity line of credit (HELOC) is more like a credit card. You can draw on the line any time, up to the credit limit. HELOCs usually start with lower interest than fixed rate loansusually one percent over primebut the rate can climb quickly after the initial period. Once you draw on a HELOC, you will owe a monthly minimum payment on the outstanding balance. Remodeling ProjectsThe Harvard University Joint Center for Housing Studies estimates that Americans will spend nearly $160 billion on home remodeling through the first half of 2007. And according to a report by the National Association of Realtors (NAR), A year ago, many remodeling jobs returned 80 percent of their cost or more when the owner sold the house. Some of the most profitable renovations, such as an upscale residing, actually paid off more - 103.6 percent - than they cost. Other profitable renovations included midrange kitchen remodelings, which paid off 91.7 percent, and window replacement, which paid off 89.6 percent.You can receive a free quote on an Arizona Home Equity Loan at Arizona Refinance Center.
It is a no-obligation way to see how much you can borrow toward your next remodeling project.A recent article in Science Daily describes a process through which a Yale doctoral student and his mentor are reusing and desalinating water.The student, Robert McGinnis, and his mentor, Menachem Elimelech, have devised a process that uses the power of osmosis to harvest fresh water from sources that are not normally potable, including seawater and water that is considered dirty. By using low temperature heat, the scientists are able to desalinate water and also remove contaminants. This makes water that is usually unsanitary or unhealthy available for human consumption.The scientists are using a system they call forward osmosis. This draws pure water from contaminated water, using heat to push the water towards concentrated salts. It is relatively easy (for scientists) to remove pure water from concentrated salts. The process uses little energy and effectively produces clean water for consumption.The low level of heat (energy) necessary to facilitate the changes in the water has the water industry paying attention. It is currently an expensive process to desalinate and decontaminate water. But now, with this new process, clean water is attainable, and uses low levels of energy, making it an affordable and timely process for companies to implement.Todays population is a burden on the planet. Our natural resources are diminished. It is imperative to find environmentally sound methods to generate more resources.
The forward osmosis process described above provides an encouraging sign that scientists are on the right path, that in time, and with concentration, our population problem will be assuaged by means of smart technology that uses low levels of energy and yields tremendous levels of clean, healthy water.Whether you are a scientist, industry specialist, or concerned consumer, information about clean water methods are readily available. While the information in this article may pertain more directly to industry and science-oriented people, it has a direct line to the consumer, which, in the end, matters to us all.
نظرات شما عزیزان:
