Fisibach is a village and municipality in the district of Zurzach in the canton of Aargau in Switzerland .
128-555: While some scattered items from the Bronze Age were discovered in Fisibach, the first evidence of a settlement is a Roman era watchtower along the Rhine River. The modern village of Fisibach is first mentioned in 1050 as Fusibach . The owners of Waldhausen Castle in the hamlet of Waldhausen, granted St. Blaise's Abbey extensive landholdings around their castle in 1113. However, by
256-497: A Fachhochschule ). Of the school age population (in the 2008/2009 school year), there are 62 students attending primary school in the municipality. The municipality has a kindergarten and a primary school. The children of the hamlet of Waldhausen attend school in Bachs in the Canton of Zürich . Bronze Age The Bronze Age ( c. 3300 – c. 1200 BC )
384-595: A carnelian bead identified with the Middle Kingdom pharaoh Senusret I , whose reign is dated to 1971–1926 BC. A stela and a statuette of the Egyptian pharaohs Senusret III and Amenemhet III have also been found. However, it is unclear when they first arrived at Ugarit. In the Amarna letters , messages from Ugarit c. 1350 BC written by Ammittamru I , Niqmaddu II , and his queen have been discovered. From
512-455: A floating rate or variable rate mortgage ). In some countries, such as the United States, fixed rate mortgages are the norm, but floating rate mortgages are relatively common. Combinations of fixed and floating rate mortgages are also common, whereby a mortgage loan will have a fixed rate for some period, for example the first five years, and vary after the end of that period. The charge to
640-436: A lien on the property being mortgaged. The loan is " secured " on the borrower's property through a process known as mortgage origination . This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property (" foreclosure " or " repossession ") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word mortgage
768-408: A mortgage or a rent-to-own agreement). As of 2000, there were 19 homes with 1 or 2 persons in the household, 63 homes with 3 or 4 persons in the household, and 60 homes with 5 or more persons in the household. As of 2000, there were 144 private households (homes and apartments) in the municipality, and an average of 2.5 persons per household. In 2008 there were 69 single family homes (or 41.1% of
896-455: A personal equity plan (PEP) mortgage, Individual Savings Account (ISA) mortgage or pension mortgage . Historically, investment-backed mortgages offered various tax advantages over repayment mortgages, although this is no longer the case in the UK. Investment-backed mortgages are seen as higher risk as they are dependent on the investment making sufficient return to clear the debt. Until recently it
1024-489: A standard form contract Multistate Fixed-Rate Note 3200 and also separate security instrument mortgage forms which vary by state. In Canada, the Canada Mortgage and Housing Corporation (CMHC) is the country's national housing agency, providing mortgage loan insurance, mortgage-backed securities, housing policy and programs, and housing research to Canadians. It was created by the federal government in 1946 to address
1152-618: A "dark period" in ancient Egyptian history, spanned about 100 years after the end of the Old Kingdom from about 2181 to 2055 BC. Very little monumental evidence survives from this period, especially from the early part of it. The First Intermediate Period was a dynamic time when the rule of Egypt was roughly divided between two areas: Heracleopolis in Lower Egypt and Thebes in Upper Egypt. These two kingdoms eventually came into conflict, and
1280-560: A 3rd-millennium BC culture postulated based on a collection of artefacts confiscated in 2001. In modern scholarship, the chronology of the Bronze Age Levant is divided into: The term Neo-Syria is used to designate the early Iron Age . The old Syrian period was dominated by the Eblaite first kingdom , Nagar and the Mariote second kingdom . The Akkadians conquered large areas of
1408-522: A certain term, but the outstanding principal balance is due at some point short of that term, and at the end of the term a balloon payment is due. When interest rates are high relative to the rate on an existing seller's loan, the buyer can consider assuming the seller's mortgage . A wraparound mortgage is a form of seller financing that can make it easier for a seller to sell a property. A biweekly mortgage has payments made every two weeks instead of monthly. Budget loans include taxes and insurance in
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#17329089617601536-647: A credit line. In the U.S. a partial amortization or balloon loan is one where the amount of monthly payments due are calculated (amortized) over a certain term, but the outstanding balance on the principal is due at some point short of that term. In the UK, a partial repayment mortgage is quite common, especially where the original mortgage was investment-backed. Graduated payment mortgage loans have increasing costs over time and are geared to young borrowers who expect wage increases over time. Balloon payment mortgages have only partial amortization, meaning that amount of monthly payments due are calculated (amortized) over
1664-407: A financial institution, such as a bank , credit union or building society , depending on the country concerned, and the loan arrangements can be made either directly or indirectly through intermediaries. Features of mortgage loans such as the size of the loan, maturity of the loan, interest rate, method of paying off the loan, and other characteristics can vary considerably. The lender's rights over
1792-505: A higher risk tolerance and do so knowing that they face more challenge in reselling the loan. Many countries have similar concepts or agencies that define what are "standard" mortgages. Regulated lenders (such as banks) may be subject to limits or higher-risk weightings for non-standard mortgages. For example, banks and mortgage brokerages in Canada face restrictions on lending more than 80% of the property value; beyond this level, mortgage insurance
1920-452: A key concept as it often defines whether or not the mortgage can be easily sold or securitized, or, if non-standard, may affect the price at which it may be sold. In the United States, a conforming mortgage is one which meets the established rules and procedures of the two major government-sponsored entities in the housing finance market (including some legal requirements). In contrast, lenders who decide to make nonconforming loans are exercising
2048-445: A loan. Builders may take out blanket loans which cover several properties at once. Bridge loans may be used as temporary financing pending a longer-term loan. Hard money loans provide financing in exchange for the mortgaging of real estate collateral. In most jurisdictions, a lender may foreclose the mortgaged property if certain conditions occur – principally, non-payment of the mortgage loan. Subject to local legal requirements,
2176-475: A mortgage occurs when an owner (usually of a fee simple / freehold interest in real property , but frequently leasehold in England and Wales) pledges his or her interest (right to the property) as security or collateral for a loan. Therefore, a mortgage is an encumbrance (limitation) on the right to the property just as an easement would be, but because most mortgages occur as a condition for new loan money,
2304-399: A notion of standard or conforming mortgages that define a perceived acceptable level of risk, which may be formal or informal, and may be reinforced by laws, government intervention, or market practice. For example, a standard mortgage may be considered to be one with no more than 70–80% LTV and no more than one-third of gross income going to mortgage debt. A standard or conforming mortgage is
2432-444: A number of more or less standard measures of creditworthiness may be used. Common measures include payment to income (mortgage payments as a percentage of gross or net income); debt to income (all debt payments, including mortgage payments, as a percentage of income); and various net worth measures. In many countries, credit scores are used in lieu of or to supplement these measures. There will also be requirements for documentation of
2560-402: A permanence not enjoyed by manuscripts. These inscriptions can commonly be subdivided into four parts: a reference to the date and place, the naming of the event commemorated, the list of gifts given to the artisan in exchange for the bronze, and a dedication. The relative points of reference these vessels provide have enabled historians to place most of the vessels within a certain time frame of
2688-412: A population (as of December 2020) of 543 As of June 2009, 15.2% of the population are foreign nationals. Over the last 10 years (1997–2007) the population has changed at a rate of 6.3%. Most of the population (as of 2000) speaks German (91.7%), with Italian being second most common ( 1.9%) and French being third ( 1.7%). The age distribution, as of 2008, in Fisibach is; 39 children or 10.7% of
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#17329089617602816-562: A power vacuum in Mesopotamia. At its beginning, Mitanni's major rival was Egypt under the Thutmosids . However, with the ascent of the Hittite empire, Mitanni and Egypt allied to protect their mutual interests from the threat of Hittite domination. At the height of its power during the 14th century BC, Mitanni had outposts centred on its capital, Washukanni , which archaeologists have located on
2944-472: A small administrative town) appears on a tablet from the reign of Sargon of Akkad in the 23rd century BC. The Amorite dynasty established the city-state of Babylon in the 19th century BC. Over a century later, it briefly took over the other city-states and formed the short-lived First Babylonian Empire during what is also called the Old Babylonian Period . Akkad, Assyria, and Babylonia used
3072-481: Is 1 person who is between 90 and older. As of 2000 the average number of residents per living room was 0.57 which is about equal to the cantonal average of 0.57 per room. In this case, a room is defined as space of a housing unit of at least 4 m (43 sq ft) as normal bedrooms, dining rooms, living rooms, kitchens and habitable cellars and attics. About 45.1% of the total households were owner occupied, or in other words did not pay rent (though they may have
3200-620: Is an argument to be made that the Bronze Age never properly ended in China, as there is no recognisable transition to an Iron Age. Together with the jade art that precedes it, bronze was seen as a fine material for ritual art when compared with iron or stone. Bronze metallurgy in China originated in what is referred to as the Erlitou period, which some historians argue places it within the Shang. Others believe
3328-565: Is called the Bactria–Margiana Archaeological Complex . The Kulli culture , similar to that of the Indus Valley Civilisation , was located in southern Balochistan (Gedrosia) c. 2500–2000 BC . The economy was agricultural. Dams were found in several places, providing evidence for a highly developed water management system. Konar Sandal is associated with the hypothesized Jiroft culture ,
3456-405: Is common in the UK, especially when associated with a regular investment plan. With this arrangement regular contributions are made to a separate investment plan designed to build up a lump sum to repay the mortgage at maturity. This type of arrangement is called an investment-backed mortgage or is often related to the type of plan used: endowment mortgage if an endowment policy is used, similarly
3584-637: Is conjectured to have been associated with the sudden arrival of the Sea Peoples , the kingdom disintegrated into several independent "Neo-Hittite" city-states, some of which survived into the 8th century BC. Arzawa , in Western Anatolia, during the second half of the 2nd millennium BC, likely extended along southern Anatolia in a belt from near the Turkish Lakes region to the Aegean coast. Arzawa
3712-707: Is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form of a collateral for a benefit (loan)". Mortgage borrowers can be individuals mortgaging their home or they can be businesses mortgaging commercial property (for example, their own business premises, residential property let to tenants, or an investment portfolio ). The lender will typically be
3840-517: Is further conjectured that the same migrations spread the Uralic group of languages across Europe and Asia, with extant members of the family including Hungarian , Finnish and Estonian . In China, the earliest bronze artefacts have been found in the Majiayao culture site (3100–2700 BC). The term "Bronze Age" has been transferred to the archaeology of China from that of Western Eurasia, and there
3968-413: Is generally required. In some countries with currencies that tend to depreciate, foreign currency mortgages are common, enabling lenders to lend in a stable foreign currency, whilst the borrower takes on the currency risk that the currency will depreciate and they will therefore need to convert higher amounts of the domestic currency to repay the loan. In addition to the two standard means of setting
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4096-578: Is named after the Korean name for undecorated or plain cooking and storage vessels that form a large part of the pottery assemblage over the entire length of the period, but especially between 850 and 550 BC. The Mumun period is known for the origins of intensive agriculture and complex societies in both the Korean Peninsula and the Japanese Archipelago. The Middle Mumun pottery period culture of
4224-511: Is no consensus or universally used convention delimiting the "Bronze Age" in the context of Chinese prehistory . The "Early Bronze Age" in China is sometimes taken to be coterminous with the reign of the Shang dynasty (16th–11th centuries BC), and the Later Bronze Age with the subsequent Zhou dynasty (11th–3rd centuries BC), from the 5th century, called Iron Age China although there
4352-532: Is the primary mechanism used in many countries to finance private ownership of residential and commercial property (see commercial mortgages ). Although the terminology and precise forms will differ from country to country, the basic components tend to be similar: Many other specific characteristics are common to many markets, but the above are the essential features. Governments usually regulate many aspects of mortgage lending, either directly (through legal requirements, for example) or indirectly (through regulation of
4480-432: Is to make regular payments toward the principal and interest over a set term, commonly referred to as (self) amortization in the U.S. and as a repayment mortgage in the UK. A mortgage is a form of annuity (from the perspective of the lender), and the calculation of the periodic payments is based on the time value of money formulas. Certain details may be specific to different locations: interest may be calculated on
4608-457: Is used for agricultural purposes, while 2.65 km (1.02 sq mi) or 45.8% is forested. Of the rest of the land, 0.49 km (0.19 sq mi) or 8.5% is settled (buildings or roads), 0.13 km (32 acres) or 2.2% is either rivers or lakes. Of the built up area, housing and buildings made up 2.1% and transportation infrastructure made up 4.0%. Power and water infrastructure as well as other special developed areas made up 1.4% of
4736-402: The 2010 foreclosure crisis . In the United States, the mortgage loan involves two separate documents: the mortgage note (a promissory note ) and the security interest evidenced by the "mortgage" document; generally, the two are assigned together, but if they are split traditionally the holder of the note and not the mortgage has the right to foreclose. For example, Fannie Mae promulgates
4864-649: The Federal National Mortgage Association (known as Fannie Mae) and the Federal Home Loan Mortgage Corporation (known as Freddie Mac). The US mortgage sector has been the center of major financial crises over the last century. Unsound lending practices resulted in the National Mortgage Crisis of the 1930s , the savings and loan crisis of the 1980s and 1990s and the subprime mortgage crisis of 2007 which led to
4992-496: The Igeum-dong site . Bronze was an important element in ceremonies and for mortuary offerings until 100 BC. Mortgage loan A mortgage loan or simply mortgage ( / ˈ m ɔːr ɡ ɪ dʒ / ), in civil law jurisdictions known also as a hypothec loan , is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting
5120-721: The Iranian plateau , centred in Anshan . From the mid-2nd millennium BC, Elam was centred in Susa in the Khuzestan lowlands. Its culture played a crucial role in both the Gutian Empire and the Iranian Achaemenid dynasty that succeeded it. The Oxus civilisation was a Bronze Age Central Asian culture dated c. 2300–1700 BC and centred on the upper Amu Darya ( a.k.a. ). In
5248-516: The Kassite period c. 1500 – c. 1155 BC ). The usual tripartite division into an Early, Middle and Late Bronze Age is not used in the context of Mesopotamia. Instead, a division primarily based on art and historical characteristics is more common. The cities of the Ancient Near East housed several tens of thousands of people. Ur , Kish , Isin , Larsa , and Nippur in
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5376-568: The Majiayao site in Gansu rather than at Xinjiang . The production of Erlitou represents the earliest large-scale metallurgy industry in the Central Plains of China. The influence of the Saima-Turbino metalworking tradition from the north is supported by a series of recent discoveries in China of many unique perforated spearheads with downward hooks and small loops on the same or opposite side of
5504-499: The SP (12%). In the federal election, a total of 116 votes were cast, and the voter turnout was 44.3%. The historical population is given in the following table: The Bleiche , a part of the Roman Rhine fortifications, is listed as a Swiss heritage site of national significance . As of 2007, Fisibach had an unemployment rate of 2.09%. As of 2005, there were 30 people employed in
5632-414: The cost of a mortgage loan (fixed at a set interest rate for the term, or variable relative to market interest rates), there are variations in how that cost is paid, and how the loan itself is repaid. Repayment depends on locality, tax laws and prevailing culture. There are also various mortgage repayment structures to suit different types of borrower. The most common way to repay a secured mortgage loan
5760-429: The following formula : A = P ⋅ r ( 1 + r ) n ( 1 + r ) n − 1 {\displaystyle A=P\cdot {\frac {r(1+r)^{n}}{(1+r)^{n}-1}}} where: The main alternative to a principal and interest mortgage is an interest-only mortgage , where the principal is not repaid throughout the term. This type of mortgage
5888-705: The low court rights over Fisibach, while the Vogt of Baden held those rights in Waldhausen and Hägelen. The residents of Fisibach were part of the Hohentengen parish until 1842, when they became part of the Kaiserstuhl parish. A village chapel was built in the 17th century. Agriculture dominated the economy until the mid-20th century. Fisibach has an area, as of 2009, of 5.79 square kilometers (2.24 sq mi). Of this area, 2.5 km (0.97 sq mi) or 43.2%
6016-421: The primary economic sector and about 14 businesses involved in this sector. 41 people are employed in the secondary sector and there are 7 businesses in this sector. 78 people are employed in the tertiary sector , with 12 businesses in this sector. In 2000 there were 206 workers who lived in the municipality. Of these, 146 or about 70.9% of the residents worked outside Fisibach while 31 people commuted into
6144-561: The southern Levant in cities such as Hazor , Jericho , and Beit She'an . The Hittite Empire was established during the 18th century BC in Hattusa , northern Anatolia . At its height in the 14th century BC, the Hittite Kingdom encompassed central Anatolia, southwestern Syria as far as Ugarit , and upper Mesopotamia . After 1180 BC, amid general turmoil in the Levant , which
6272-695: The 15th century, the castle was abandoned. On a rock in the Rhine was the Schwarzwasserstelz Castle . This castle, after 1363, was in the possession of the Bishop of Constance , and from 1589 to 1831 in the hands of the Tschudi family of Glarus . In 1875 it was demolished during the construction of the Rhine Valley Railway. The railroad did not have a station in Fisibach. The owner of Schwarzwasserstelz held
6400-422: The 16th to the 13th century BC, Ugarit remained in constant contact with Egypt and Cyprus ( Alashiya ). Mitanni was a loosely organised state in northern Syria and south-east Anatolia, emerging c. 1500–1300 BC . Founded by an Indo-Aryan ruling class that governed a predominantly Hurrian population, Mitanni came to be a regional power after the Hittite destruction of Kassite Babylon created
6528-430: The 3rd millennium BC. The Bronze Age is characterised by the widespread use of bronze , though the introduction and development of bronze technology were not universally synchronous. Tin bronze technology requires systematic techniques: tin must be mined (mainly as the tin ore cassiterite ) and smelted separately, then added to hot copper to make bronze alloy. The Bronze Age was a time of extensive use of metals and
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#17329089617606656-766: The 6th century BC attests to knowledge of iron smelting, yet bronze continues to occupy the seat of significance in the archaeological and historical record for some time after this. W. C. White argues that iron did not supplant bronze "at any period before the end of the Zhou dynasty (256 BC)" and that bronze vessels make up the majority of metal vessels through the Eastern Han period , or to 221 BC. The Chinese bronze artefacts generally are either utilitarian, like spear points or adze heads, or "ritual bronzes" , which are more elaborate versions in precious materials of everyday vessels, as well as tools and weapons. Examples are
6784-500: The BMAC had close international relations with the Indus Valley , the Iranian plateau , and possibly even indirectly with Mesopotamia. All civilisations were familiar with lost wax casting . According to a 2019 study, the BMAC was not a primary contributor to later South-Asian genetics. The Altai Mountains , in what is now southern Russia and central Mongolia , have been identified as
6912-635: The Bronze Age began in the Protodynastic Period c. 3150 BC . The archaic Early Bronze Age of Egypt , known as the Early Dynastic Period of Egypt , immediately followed the unification of Lower and Upper Egypt, c. 3100 BC . It is generally taken to include the First and Second dynasties, lasting from the Protodynastic Period until c. 2686 BC , or
7040-578: The Early Bronze Age, the culture of the Kopet Dag oases and Altyndepe developed a proto-urban society. This corresponds to level IV at Namazga-Tepe . Altyndepe was a major centre even then. Pottery was wheel-turned. Grapes were grown. The height of this urban development was reached in the Middle Bronze Age c. 2300 BC , corresponding to level V at Namazga-Depe. This Bronze Age culture
7168-520: The Erlitou sites belong to the preceding Xia dynasty . The United States National Gallery of Art defines the Chinese Bronze Age as c. 2000 – c. 771 BC , a period that begins with the Erlitou culture and ends abruptly with the disintegration of Western Zhou rule. There is reason to believe that bronze work developed inside of China apart from outside influence. However,
7296-472: The HECM (Home Equity Conversion Mortgage). Unlike standard mortgages (where the entire loan amount is typically disbursed at the time of loan closing) the HECM program allows the homeowner to receive funds in a variety of ways: as a one time lump sum payment; as a monthly tenure payment which continues until the borrower dies or moves out of the house permanently; as a monthly payment over a defined period of time; or as
7424-621: The Levant and were followed by the Amorite kingdoms , c. 2000–1600 BC , which arose in Mari , Yamhad , Qatna , and Assyria . From the 15th century BC onward, the term Amurru is usually applied to the region extending north of Canaan as far as Kadesh on the Orontes River . The earliest-known contact of Ugarit with Egypt (and the first exact dating of Ugaritic civilisation) comes from
7552-700: The Middle Bronze Age and Babylon , Calah , and Assur in the Late Bronze Age similarly had large populations. The Akkadian Empire (2335–2154 BC) became the dominant power in the region. After its fall, the Sumerians enjoyed a renaissance with the Neo-Sumerian Empire . Assyria , along with the Old Assyrian Empire ( c. 1800–1600 BC ), became a regional power under the Amorite king Shamshi-Adad I . The earliest mention of Babylon (then
7680-800: The Middle Kingdom. During the Second Intermediate Period , Ancient Egypt fell into disarray a second time between the end of the Middle Kingdom and the start of the New Kingdom, best known for the Hyksos , whose reign comprised the Fifteenth and Sixteenth dynasties. The Hyksos first appeared in Egypt during the Eleventh Dynasty, began their climb to power in the Thirteenth Dynasty, and emerged from
7808-401: The Osiris funerary cult rose to dominate popular Ancient Egyptian religion . The period comprises two phases: the Eleventh Dynasty, which ruled from Thebes, and the Twelfth and Thirteenth dynasties, centred on el-Lisht . The unified kingdom was previously considered to comprise the Eleventh and Twelfth Dynasties, but historians now consider part of the Thirteenth Dynasty to have belonged to
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#17329089617607936-417: The Second Intermediate Period in control of Avaris and the Nile Delta . By the Fifteenth Dynasty, they ruled lower Egypt. They were expelled at the end of the Seventeenth Dynasty . The New Kingdom of Egypt , also referred to as the Egyptian Empire, existed during the 16th–11th centuries BC. The New Kingdom followed the Second Intermediate Period and was succeeded by the Third Intermediate Period . It
8064-481: The Theban kings conquered the north, reunifying Egypt under a single ruler during the second part of the Eleventh Dynasty . The Bronze Age in Nubia started as early as 2300 BC. Egyptians introduced copper smelting to the Nubian city of Meroë in present-day Sudan c. 2600 BC . A furnace for bronze casting found in Kerma has been dated to 2300–1900 BC. The Middle Kingdom of Egypt spanned between 2055 and 1650 BC. During this period,
8192-405: The UK and U.S., 25 to 30 years is the usual maximum term (although shorter periods, such as 15-year mortgage loans, are common). Mortgage payments, which are typically made monthly, contain a repayment of the principal and an interest element. The amount going toward the principal in each payment varies throughout the term of the mortgage. In the early years the repayments are mostly interest. Towards
8320-400: The UN Economic Commission for Europe compared German, US, and Danish mortgage systems. The German Bausparkassen (savings and loans associations) reported nominal interest rates of approximately 6 per cent per annum in the last 40 years (as of 2004). Bausparkassen are not identical with banks that give mortgages. In addition, they charge administration and service fees (about 1.5 per cent of
8448-576: The US, foreign nationals due to their unique situation face Foreign National mortgage conditions. Flexible mortgages allow for more freedom by the borrower to skip payments or prepay. Offset mortgages allow deposits to be counted against the mortgage loan. In the UK there is also the endowment mortgage where the borrowers pay interest while the principal is paid with a life insurance policy. Commercial mortgages typically have different interest rates, risks, and contracts than personal loans. Participation mortgages allow multiple investors to share in
8576-503: The Western Zhou period, allowing them to trace the evolution of the vessels and the events they record. The Japanese archipelago saw the introduction of bronze during the early Yayoi period ( c. 300 BC ), which saw the introduction of metalworking and agricultural practices brought by settlers arriving from the continent. Bronze and iron smelting spread to the Japanese archipelago through contact with other ancient East Asian civilisations, particularly immigration and trade from
8704-445: The ancient Korean peninsula, and ancient mainland China. Iron was mainly used for agricultural and other tools, whereas ritual and ceremonial artefacts were mainly made of bronze. On the Korean Peninsula, the Bronze Age began c. 1000–800 BC . Initially centred around Liaoning and southern Manchuria, Korean Bronze Age culture exhibits unique typology and styles, especially in ritual objects. The Mumun pottery period
8832-440: The applicant has provided as to income, employment, credit history and the value of the home being purchased via an appraisal. An appraisal may be ordered. The underwriting process may take a few days to a few weeks. Sometimes the underwriting process takes so long that the provided financial statements need to be resubmitted so they are current. It is advisable to maintain the same employment and not to use or open new credit during
8960-494: The area Out of the forested land, all of the forested land area is covered with heavy forests. Of the agricultural land, 29.9% is used for growing crops and 12.8% is pastures. All the water in the municipality is flowing water. The village is located in the Zurzach district, at the end of the Fisibach valley. It lies in the northeastern part of Aargau and is neighbored with the Canton of Zürich. The neighboring municipalities are Bachs and Weiach . The place prior to modern times
9088-422: The basis of a 360-day year, for example; interest may be compounded daily, yearly, or semi-annually; prepayment penalties may apply; and other factors. There may be legal restrictions on certain matters, and consumer protection laws may specify or prohibit certain practices. Depending on the size of the loan and the prevailing practice in the country the term may be short (10 years) or long (50 years plus). In
9216-595: The beginning of the Old Kingdom . With the First Dynasty, the capital moved from Abydos to Memphis with a unified Egypt ruled by an Egyptian god-king. Abydos remained the major holy land in the south. The hallmarks of ancient Egyptian civilisation, such as art, architecture and religion, took shape in the Early Dynastic Period. Memphis , in the Early Bronze Age, was the largest city of the time. The Old Kingdom of
9344-405: The borrower depends upon the credit risk in addition to the interest rate risk. The mortgage origination and underwriting process involves checking credit scores, debt-to-income, downpayments (deposits), assets, and assessing property value. Jumbo mortgages and subprime lending are not supported by government guarantees and face higher interest rates. Other innovations described below can affect
9472-429: The creditworthiness, such as income tax returns, pay stubs, etc. the specifics will vary from location to location. Income tax incentives usually can be applied in forms of tax refunds or tax deduction schemes. The first implies that income tax paid by individual taxpayers will be refunded to the extent of interest on mortgage loans taken to acquire residential property. Income tax deduction implies lowering tax liability to
9600-525: The criteria on new lending on an interest-only basis. The problem for many people has been the fact that no repayment vehicle had been implemented, or the vehicle itself (e.g. endowment/ISA policy) performed poorly and therefore insufficient funds were available to repay balance at the end of the term. Moving forward, the FSA under the Mortgage Market Review (MMR) have stated there must be strict criteria on
9728-472: The debt each year. These arrangements are variously called reverse mortgages , lifetime mortgages or equity release mortgages (referring to home equity ), depending on the country. The loans are typically not repaid until the borrowers are deceased, hence the age restriction. Through the Federal Housing Administration , the U.S. government insures reverse mortgages via a program called
9856-422: The demand for home ownership is highest, strong domestic markets for mortgages have developed. Mortgages can either be funded through the banking sector (that is, through short-term deposits) or through the capital markets through a process called "securitization", which converts pools of mortgages into fungible bonds that can be sold to investors in small denominations. According to Anglo-American property law ,
9984-525: The development of trade networks. A 2013 report suggests that the earliest tin-alloy bronze was a foil dated to the mid-5th millennium BC from a Vinča culture site in Pločnik , Serbia , although this culture is not conventionally considered part of the Bronze Age; however, the dating of the foil has been disputed. West Asia and the Near East were the first regions to enter the Bronze Age, beginning with
10112-706: The discovery of the Europoid Tarim mummies in Xinjiang has caused some archaeologists such as Johan Gunnar Andersson , Jan Romgard, and An Zhimin to suggest a possible route of transmission from the West eastwards. According to An Zhimin, "It can be imagined that initially, bronze and iron technology took its rise in West Asia, first influenced the Xinjiang region, and then reached the Yellow River valley, providing external impetus for
10240-431: The end of the mortgage, payments are mostly for principal. In this way, the payment amount determined at outset is calculated to ensure the loan is repaid at a specified date in the future. This gives borrowers assurance that by maintaining repayment the loan will be cleared at a specified date if the interest rate does not change. Some lenders and 3rd parties offer a bi-weekly mortgage payment program designed to accelerate
10368-568: The extent of interest rate paid for the mortgage loan. Some lenders may also require a potential borrower have one or more months of "reserve assets" available. In other words, the borrower may be required to show the availability of enough assets to pay for the housing costs (including mortgage, taxes, etc.) for a period of time in the event of the job loss or other loss of income. Many countries have lower requirements for certain borrowers, or "no-doc" / "low-doc" lending standards that may be acceptable under certain circumstances. Many countries have
10496-633: The fall of the monarchy. The name "Israel" first appears c. 1209 BC , at the end of the Late Bronze Age and the very beginning of the Iron Age, on the Merneptah Stele raised by the Egyptian pharaoh Merneptah . The Arameans were a Northwest Semitic semi-nomadic pastoral people who originated in what is now modern Syria (Biblical Aram ) during the Late Bronze and early Iron Age. Large groups migrated to Mesopotamia, where they intermingled with
10624-468: The first to develop writing . According to archaeological evidence, cultures in Mesopotamia , which used cuneiform script, and Egypt , which used hieroglyphs , developed the earliest practical writing systems. Bronze Age civilisations gained a technological advantage due to bronze's harder and more durable properties than other metals available at the time. While terrestrial iron is naturally abundant,
10752-406: The funds will be repaid (usually considered a function of the creditworthiness of the borrower); that if they are not repaid, the lender will be able to foreclose on the real estate assets; and the financial, interest rate risk and time delays that may be involved in certain circumstances. During the mortgage loan approval process, a mortgage loan underwriter verifies the financial information that
10880-656: The headwaters of the Khabur River . Eventually, Mitanni succumbed to the Hittites and later Assyrian attacks, eventually being reduced to a province of the Middle Assyrian Empire . The Israelites were an ancient Semitic-speaking people of the Ancient Near East who inhabited part of Canaan during the tribal and monarchic periods (15th–6th centuries BC), and lived in the region in smaller numbers after
11008-636: The higher temperature required for smelting, 1,250 °C (2,280 °F), in addition to the greater difficulty of working with it, placed it out of reach of common use until the end of the 2nd millennium BC. Tin's lower melting point of 232 °C (450 °F) and copper's moderate melting point of 1,085 °C (1,985 °F) placed both these metals within the capabilities of Neolithic pottery kilns , which date to 6000 BC and were able to produce temperatures of at least 900 °C (1,650 °F). Copper and tin ores are rare since there were no tin bronzes in West Asia before trading in bronze began in
11136-454: The higher the LTV, the higher the risk that the value of the property (in case of foreclosure) will be insufficient to cover the remaining principal of the loan. Since the value of the property is an important factor in understanding the risk of the loan, determining the value is a key factor in mortgage lending. The value may be determined in various ways, but the most common are: In most countries,
11264-413: The lenders borrow money, therefore, affects the cost of borrowing. Lenders may also, in many countries, sell the mortgage loan to other parties who are interested in receiving the stream of cash payments from the borrower, often in the form of a security (by means of a securitization ). Mortgage lending will also take into account the (perceived) riskiness of the mortgage loan, that is, the likelihood that
11392-409: The loan against the value of the property. Therefore, a mortgage loan in which the purchaser has made a down payment of 20% has a loan to value ratio of 80%. For loans made against properties that the borrower already owns, the loan to value ratio will be imputed against the estimated value of the property. The loan to value ratio is considered an important indicator of the riskiness of a mortgage loan:
11520-534: The loan amount). However, in the United States, the average interest rates for fixed-rate mortgages in the housing market started in the tens and twenties in the 1980s and have (as of 2004) reached about 6 per cent per annum. However, gross borrowing costs are substantially higher than the nominal interest rate and amounted for the last 30 years to 10.46 per cent. In Denmark, similar to the United States mortgage market, interest rates have fallen to 6 per cent per annum. A risk and administration fee amounts to 0.5 per cent of
11648-417: The mortgage payment; package loans add the costs of furnishings and other personal property to the mortgage. Buydown mortgages allow the seller or lender to pay something similar to points to reduce interest rate and encourage buyers. Homeowners can also take out equity loans in which they receive cash for a mortgage debt on their house. Shared appreciation mortgages are a form of equity release . In
11776-489: The mortgaged property apply, and may be tightly regulated by the relevant government. There are strict or judicial foreclosures and non-judicial foreclosures, also known as power of sale foreclosures. In some jurisdictions, foreclosure and sale can occur quite rapidly, while in others, foreclosure may take many months or even years. In many countries, the ability of lenders to foreclose is extremely limited, and mortgage market development has been notably slower. A study issued by
11904-578: The municipality for work. There were a total of 91 jobs (of at least 6 hours per week) in the municipality. Of the working population, 10.7% used public transportation to get to work, and 50% used a private car. From the 2000 census, 165 or 45.7% were Roman Catholic , while 140 or 38.8% belonged to the Swiss Reformed Church . In Fisibach about 74.7% of the population (between age 25-64) have completed either non-mandatory upper secondary education or additional higher education (either university or
12032-545: The native Akkadian (Assyrian and Babylonian) population. The Aramaeans never had a unified empire; they were divided into independent kingdoms all across the Near East. After the Bronze Age collapse, their political influence was confined to Syro-Hittite states, which were entirely absorbed into the Neo-Assyrian Empire by the 8th century BC. The Mesopotamian Bronze Age began c. 3500 BC and ended with
12160-408: The numerous large sacrificial tripods known as dings ; there are many other distinct shapes. Surviving identified Chinese ritual bronzes tend to be highly decorated, often with the taotie motif, which involves stylised animal faces. These appear in three main motif types: those of demons, symbolic animals, and abstract symbols. Many large bronzes also bear cast inscriptions that are the bulk of
12288-424: The options of paying the interest on a monthly basis. By paying off the interest means the balance will remain level for the rest of their life. This market is set to increase as more retirees require finance in retirement. For older borrowers (typically in retirement), it may be possible to arrange a mortgage where neither the principal nor interest is repaid. The interest is rolled up with the principal, increasing
12416-688: The origins of agriculture. Foothill regions and glacial melt streams supported Bronze Age agro-pastoralists who developed complex east–west trade routes between Central Asia and China that introduced wheat and barley to China and millet to Central Asia. The Bactria–Margiana Archaeological Complex (BMAC), also known as the Oxus civilisation, was a Bronze Age civilisation in Central Asia, dated c. 2400 – c. 1600 BC , located in present-day northern Afghanistan , eastern Turkmenistan , southern Uzbekistan and western Tajikistan , centred on
12544-522: The outstanding debt. In addition, an acquisition fee is charged which amounts to one per cent of the principal. The mortgage industry of the United States is a major financial sector. The federal government created several programs, or government sponsored entities , to foster mortgage lending, construction and encourage home ownership . These programs include the Government National Mortgage Association (known as Ginnie Mae),
12672-435: The participants or the financial markets, such as the banking industry), and often through state intervention (direct lending by the government, direct lending by state-owned banks, or sponsorship of various entities). Other aspects that define a specific mortgage market may be regional, historical, or driven by specific characteristics of the legal or financial system. Mortgage loans are generally structured as long-term loans,
12800-401: The payoff of the loan. Similarly, a mortgage can be ended before its scheduled end by paying some or all of the remainder prematurely, called curtailment. An amortization schedule is typically worked out taking the principal left at the end of each month, multiplying by the monthly rate and then subtracting the monthly payment. This is typically generated by an amortization calculator using
12928-651: The periodic payments for which are similar to an annuity and calculated according to the time value of money formulae. The most basic arrangement would require a fixed monthly payment over a period of ten to thirty years, depending on local conditions. Over this period the principal component of the loan (the original loan) would be slowly paid down through amortization. In practice, many variants are possible and common worldwide and within each country. Lenders provide funds against property to earn interest income , and generally borrow these funds themselves (for example, by taking deposits or issuing bonds ). The price at which
13056-578: The point of origin of a cultural enigma termed the Seima-Turbino Phenomenon . It is conjectured that changes in climate in this region c. 2000 BC }}, and the ensuing ecological, economic, and political changes, triggered a rapid and massive migration westward into northeast Europe, eastward into China, and southward into Vietnam and Thailand across a frontier of some 4,000 mi (6,000 km). This migration took place in just five to six generations and led to peoples from Finland in
13184-533: The population are between 0 and 9 years old and 38 teenagers or 10.5% are between 10 and 19. Of the adult population, 45 people or 12.4% of the population are between 20 and 29 years old. 46 people or 12.7% are between 30 and 39, 73 people or 20.1% are between 40 and 49, and 56 people or 15.4% are between 50 and 59. The senior population distribution is 33 people or 9.1% of the population are between 60 and 69 years old, 21 people or 5.8% are between 70 and 79, there are 11 people or 3.0% who are between 80 and 89,and there
13312-515: The property may then be sold. Any amounts received from the sale (net of costs) are applied to the original debt. In some jurisdictions, mortgage loans are non-recourse loans: if the funds recouped from sale of the mortgaged property are insufficient to cover the outstanding debt, the lender may not have recourse to the borrower after foreclosure. In other jurisdictions, the borrower remains responsible for any remaining debt. In virtually all jurisdictions, specific procedures for foreclosure and sale of
13440-454: The rates as well. Upon making a mortgage loan for the purchase of a property, lenders usually require that the borrower make a down payment (called a deposit in English law); that is, contribute a portion of the cost of the property. This down payment may be expressed as a portion of the value of the property (see below for a definition of this term). The loan to value ratio (or LTV) is the size of
13568-521: The region laid the foundations for astronomy , mathematics, and astrology . The following dates are approximate. The Bronze Age in the Near East can be divided into Early, Middle and Late periods. The dates and phases below apply solely to the Near East, not universally. However, some archaeologists propose a "high chronology", which extends periods such as the Intermediate Bronze Age by 300 to 500–600 years, based on material analysis of
13696-466: The regional Bronze Age is the name given to the period in the 3rd millennium BC when Egyptian civilisation attained its first continuous peak of complexity and achievement—the first of three "Kingdom" periods which marked the high points of civilisation in the lower Nile Valley (the others being the Middle Kingdom and New Kingdom ). The First Intermediate Period of Egypt , often described as
13824-431: The repayment vehicle being used. As such the likes of Nationwide and other lenders have pulled out of the interest-only market. A resurgence in the equity release market has been the introduction of interest-only lifetime mortgages. Where an interest-only mortgage has a fixed term, an interest-only lifetime mortgage will continue for the rest of the mortgagors life. These schemes have proved of interest to people who do like
13952-648: The rise of the Mesopotamian civilisation of Sumer in the mid-4th millennium BC. Cultures in the ancient Near East practised intensive year-round agriculture; developed writing systems ; invented the potter's wheel , created centralised governments (usually in the form of hereditary monarchies ), formulated written law codes, developed city-states , nation-states and empires; embarked on advanced architectural projects; and introduced social stratification , economic and civil administration, slavery , and practised organised warfare, medicine, and religion. Societies in
14080-530: The rise of the Shang and Zhou civilizations." According to Jan Romgard, "bronze and iron tools seem to have traveled from west to east as well as the use of wheeled wagons and the domestication of the horse." There are also possible links to Seima-Turbino culture , "a transcultural complex across northern Eurasia", the Eurasian steppe, and the Urals. However, the oldest bronze objects found in China so far were discovered at
14208-456: The roll-up effect (compounding) of interest on traditional equity release schemes. They have also proved beneficial to people who had an interest-only mortgage with no repayment vehicle and now need to settle the loan. These people can now effectively remortgage onto an interest-only lifetime mortgage to maintain continuity. Interest-only lifetime mortgage schemes are currently offered by two lenders – Stonehaven and more2life. They work by having
14336-495: The secured property take priority over the borrower's other creditors , which means that if the borrower becomes bankrupt or insolvent , the other creditors will only be repaid the debts owed to them from a sale of the secured property if the mortgage lender is repaid in full first. In many jurisdictions, it is normal for home purchases to be funded by a mortgage loan. Few individuals have enough savings or liquid funds to enable them to purchase property outright. In countries where
14464-682: The socket, which could be associated with the Seima-Turbino visual vocabulary of southern Siberia. The metallurgical centres of northwestern China, especially the Qijia culture in Gansu and Longshan culture in Shaanxi , played an intermediary role in this process. Iron use in China dates as early as the Zhou dynasty ( c. 1046 – 256 BC), but remained minimal. Chinese literature authored during
14592-509: The southern Korean Peninsula gradually adopted bronze production ( c. 700–600 BC ) after a period when Liaoning-style bronze daggers and other bronze artefacts were exchanged as far as the interior part of the Southern Peninsula ( c. 900–700 BC ). The bronze daggers lent prestige and authority to the personages who wielded and were buried with them in high-status megalithic burials at south-coastal centres such as
14720-468: The surviving body of early Chinese writing and have helped historians and archaeologists piece together the history of China, especially during the Zhou dynasty. The bronzes of the Western Zhou document large portions of history not found in the extant texts that were often composed by persons of varying rank and possibly even social class. Further, the medium of cast bronze lends the record they preserve
14848-554: The total) out of a total of 168 homes and apartments. There were a total of 7 empty apartments for a 4.2% vacancy rate. As of 2007, the construction rate of new housing units was 0 new units per 1000 residents. In the 2007 federal election the most popular party was the SVP which received 46.23% of the vote. The next three most popular parties were the CVP (18.49%), the Green Party (14.86%) and
14976-761: The two known as the Chalcolithic . The final decades of the Bronze Age in the Mediterranean basin are often characterised as a period of widespread societal collapse known as the Late Bronze Age collapse ( c. 1200 – c. 1150 BC ), although its severity and scope is debated among scholars. An ancient civilisation is deemed to be part of the Bronze Age if it either produced bronze by smelting its own copper and alloying it with tin , arsenic , or other metals, or traded other items for bronze from producing areas elsewhere. Bronze Age cultures were
15104-470: The underwriting process. Any changes made in the applicant's credit, employment, or financial information could result in the loan being denied. There are many types of mortgages used worldwide, but several factors broadly define the characteristics of the mortgage. All of these may be subject to local regulation and legal requirements. The two basic types of amortized loans are the fixed rate mortgage (FRM) and adjustable-rate mortgage (ARM) (also known as
15232-557: The upper Amu Darya (Oxus River). Its sites were discovered and named by the Soviet archaeologist Viktor Sarianidi (1976). Bactria was the Greek name for the area of Bactra (modern Balkh ), in what is now northern Afghanistan, and Margiana was the Greek name for the Persian satrapy of Marguš , the capital of which was Merv in present-day Turkmenistan. A wealth of information indicates that
15360-403: The west to Thailand in the east employing the same metalworking technology and, in some areas, horse breeding and riding. However, recent genetic testings of sites in south Siberia and Kazakhstan ( Andronovo horizon) would rather support spreading of the bronze technology via Indo-European migrations eastwards, as this technology had been well known for quite a while in western regions. It
15488-425: The word mortgage has become the generic term for a loan secured by such real property . As with other types of loans, mortgages have an interest rate and are scheduled to amortize over a set period of time, typically 30 years in the United States. All types of real property can be, and usually are, secured with a mortgage and bear an interest rate that is supposed to reflect the lender's risk. Mortgage lending
15616-525: The written East Semitic Akkadian language for official use and as a spoken language. By that time, the Sumerian language was no longer spoken, but was still in religious use in Assyria and Babylonia, and would remain so until the 1st century AD. The Akkadian and Sumerian traditions played a major role in later Assyrian and Babylonian culture. Despite this, Babylonia, unlike the more militarily powerful Assyria,
15744-502: Was Egypt's most prosperous time and marked the peak of Egypt's power. The later New Kingdom, comprising the Nineteenth and Twentieth dynasties (1292–1069 BC), is also known as the Ramesside period , after the eleven pharaohs who took the name of Ramesses. Elam was a pre-Iranian ancient civilisation located east of Mesopotamia. In the Middle Bronze Age, Elam consisted of kingdoms on
15872-470: Was Visibachs and differed from Obervisibachs (now Bachs in the Canton of Zurich). It consists of the haufendorf village (an irregular, unplanned and quite closely packed village, built around a central square) of Fisibach and the hamlets of Burenmüli, Hägelen and Waldhausen. The blazon of the municipal coat of arms is Azure three Wagtails statant Azure beaked and membered Gules on a Bar Or. Fisibach has
16000-560: Was a historical period characterised principally by the use of bronze tools and the development of complex urban societies, as well as the adoption of writing in some areas. The Bronze Age is the middle principal period of the three-age system , following the Stone Age and preceding the Iron Age . Conceived as a global era, the Bronze Age follows the Neolithic , with a transition period between
16128-461: Was founded by non-native Amorites and often ruled by other non-indigenous peoples such as the Kassites , Aramaeans and Chaldeans , as well as by its Assyrian neighbours. For many decades, scholars made superficial reference to Central Asia as the "pastoral realm" or alternatively, the "nomadic world", in what researchers call the "Central Asian void": a 5,000-year span that was neglected in studies of
16256-417: Was not uncommon for interest only mortgages to be arranged without a repayment vehicle, with the borrower gambling that the property market will rise sufficiently for the loan to be repaid by trading down at retirement (or when rent on the property and inflation combine to surpass the interest rate). Recent Financial Services Authority guidelines to UK lenders regarding interest-only mortgages have tightened
16384-523: Was the western neighbour of the Middle and New Hittite Kingdoms , at times a rival and, at other times, a vassal. The Assuwa league was a confederation of states in western Anatolia defeated by the Hittites under the earlier Tudhaliya I c. 1400 BC . Arzawa has been associated with the more obscure Assuwa generally located to its north. It probably bordered it, and may have been an alternative term for it during some periods. In Ancient Egypt ,
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