| The Bizz: Jan. 17
Cari Mendez is the new vice president of investor relations for the Inland Empire Economic Partnership, which provides economic development services and programs to city and county agencies. Mendez previously worked as a sales supervisor for Wells Fargo Home Mortgage. Her career includes 15 years of management experience in the home mortgage industry, where she worked developing and managing business relationships. She has served as treasurer of the Association of Professional Mortgage Women, Inland Empire Chapter. A 30-year resident of the Inland Empire, Mendez lives in Rancho Cucamonga with her husband and son. Information: (951) 779-6700, www.ieep.com. Staters raises money for Hope
SAN BERNARDINO - Stater Bros. Markets' customers and employees recently raised $133,495 to benefit pediatric cancer programs at City of Hope, a leading research and treatment institution for cancer and other life-threatening diseases.
G. Chambers Williams III: Malibu is year's best
Rising gasoline prices and the collapse of the subprime mortgage industry combined to help depress new car sales during 2007. Consumers faced with higher gasoline bills and huge bumps in their adjustable-rate home mortgages found themselves unable to buy the new vehicles they had hoped to purchase, and both automakers and car dealers suffered from the downturn. But even as sales stagnated, automakers continued to introduce new or significantly redesigned models throughout the year, and among those were a few exceptional vehicles that manufacturers believe will help boost sales in 2008. General Motors Corp., struggling to maintain its position as the world's biggest automaker against a strong challenge from Japan's Toyota, rolled out some of the most notable new vehicles of the year, garnering an unusually high number of awards and lots of media attention.
How To Lower Home Mortgage Interest Rates
(Best Syndication)There are two basic major types of home mortgage that are available out there. One is called a fixed rate mortgage which involves a fixed amount of payment for the whole pay-up period. This means that regardless of the economic conditions, one has to pay a certain amount of money to the lender for each payment period. Another basic type of home mortgage is the adjustable rate mortgage. This is an arrangement which allows a person's payment to be pegged on economic indicators such as those of the money market. This means that a person's interest rate payment can go up or down depending on the performance of the entire economy. Adjustable rate mortgages usually have lower interest rates than the fixed rate mortgages (because of the risks involved in the adjustable rate mortgage).
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