The Tax on Your Salary - 2011-12. On January 9th 1799 the Prime Minister, William Pitt, introduced income tax to pay for the Napoleonic war at the swingeing rate of 0.83% for people earning Â£60 or more.
Basically, an ARM is a mortgage loan that has an interest rate that adjusts, or changes, usually once a year. The benefit of an ARM is that it generally gives you a lower interest rate initially. The risk is that the interest rate most likely will go up, which in turn will make your monthly payments rise.
Liens are mortgages are quite similar in that they are both security interest options that are used for the same purpose; that is to ensure that loans are repaid and obligations are met. A mortgage is a type of lien, but a lien is not a mortgage. Mortgages are a type of lien as the mortgage document will provide the lender a claim over the borrowerâs assets, which allows the lender to detain the property till payments are made.