SpaceX Crew Dragon lands in night-time splashdown in Gulf of Mexico


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A SpaceX Crew Dragon capsule carrying four astronauts splashed down in the Gulf of Mexico in the early hours of Sunday morning, in Nasa’s first night-time ocean landing since the Apollo 8 Moon mission in 1968.

The crew reported feeling well after arriving back on Earth at the end of an almost six-month stay aboard the International Space Station, Nasa said.

Night vision imagery captured by one of Nasa’s experimental high-altitude research planes showed the capsule descending under its parachutes, landing safely off the coast of Panama City after a six-and-a-half-hour flight from the ISS.

“We welcome you back to planet Earth and thanks for flying SpaceX,” SpaceX’s Mission Control radioed moments after splashdown.

“For those of you enrolled in our frequent flyer programme, you’ve earned 68 million miles on this voyage.”

“We’ll take those miles,” said spacecraft commander Mike Hopkins. “Are they transferrable?”

SpaceX replied that the astronauts would have to check with the company’s marketing department.

Within a few minutes, Mr Hopkins reported he could see light from the approaching recovery boats out the capsule’s window.

He was the first to emerge after the hatch was opened, dancing as he set foot on deck.

"On behalf of Crew-1 and our families, we just want to say thank you ... It's amazing what can be accomplished when people come together. Y'all are changing the world. Congratulations. It's great to be back," Mr Hopkins said in a Nasa tweet.

Fellow Nasa astronauts Victor Glover, Shannon Walker and Japan's Soichi Noguchi were the other three aboard.

"Welcome home Victor, Michael, Shannon, and Soichi, and congratulations to the teams at Nasa and SpaceX who worked so hard to ensure their safe and successful splashdown," said new Nasa administrator Bill Nelson.

"We've accomplished another incredible spaceflight for America and our commercial and international partners. Safe, reliable transportation to the International Space Station is exactly the vision that Nasa had when the agency embarked on the commercial crew programme."

  • Nasa astronaut Victor Glover gives the thumbs up as he helped out of the SpaceX Crew Dragon capsule, after splashing down in the Gulf of Mexico, off the coast of Panama City, Florida, US. EPA
    Nasa astronaut Victor Glover gives the thumbs up as he helped out of the SpaceX Crew Dragon capsule, after splashing down in the Gulf of Mexico, off the coast of Panama City, Florida, US. EPA
  • Nasa astronaut Mike Hopkins is assisted out of the SpaceX Crew Dragon capsule onboard the SpaceX GO Navigator recovery ship. AP Photo
    Nasa astronaut Mike Hopkins is assisted out of the SpaceX Crew Dragon capsule onboard the SpaceX GO Navigator recovery ship. AP Photo
  • Nasa astronaut Shannon Walker emerges from the SpaceX Crew Dragon capsule onboard the SpaceX GO Navigator recovery ship. AP Photo
    Nasa astronaut Shannon Walker emerges from the SpaceX Crew Dragon capsule onboard the SpaceX GO Navigator recovery ship. AP Photo
  • Japan Aerospace Exploration Agency astronaut Soichi Noguchi gives a wave as he is helped out of the SpaceX Crew Dragon. AP Photo
    Japan Aerospace Exploration Agency astronaut Soichi Noguchi gives a wave as he is helped out of the SpaceX Crew Dragon. AP Photo
  • In this image from Nasa TV footage, Mike Hopkins is carried from the SpaceX Dragon capsule. After medical checks, the four astronauts were due to be reunited with their families. AP Photo
    In this image from Nasa TV footage, Mike Hopkins is carried from the SpaceX Dragon capsule. After medical checks, the four astronauts were due to be reunited with their families. AP Photo
  • The recovery team open the hatch of the SpaceX's Crew Dragon, following its return to Earth from the International Space Station. AFP
    The recovery team open the hatch of the SpaceX's Crew Dragon, following its return to Earth from the International Space Station. AFP
  • The 167-day mission was the longest for astronauts launching from the US. AFP
    The 167-day mission was the longest for astronauts launching from the US. AFP
  • A support team work around the SpaceX Crew Dragon capsule shortly after it splashed down. AP Photo
    A support team work around the SpaceX Crew Dragon capsule shortly after it splashed down. AP Photo
  • A support team winches up the SpaceX Dragon capsule from the Gulf of Mexico. AP Photo
    A support team winches up the SpaceX Dragon capsule from the Gulf of Mexico. AP Photo
  • The return of the SpaceX Dragon capsule had been postponed twice due to high winds. AP Photo
    The return of the SpaceX Dragon capsule had been postponed twice due to high winds. AP Photo
  • A screen grab from the Nasa live feed shows the SpaceX's Crew Dragon capsule with parachutes open, as it returns to Earth. AFP
    A screen grab from the Nasa live feed shows the SpaceX's Crew Dragon capsule with parachutes open, as it returns to Earth. AFP
  • The SpaceX Crew Dragon capsule just before splashdown. AFP
    The SpaceX Crew Dragon capsule just before splashdown. AFP
  • The SpaceX Dragon capsule splashes down into the Gulf of Mexico. AP Photo
    The SpaceX Dragon capsule splashes down into the Gulf of Mexico. AP Photo
  • This image from video provided by Nasa shows the SpaceX capsule as it departs the International Space Station on its journey back to Earth. AP Photo
    This image from video provided by Nasa shows the SpaceX capsule as it departs the International Space Station on its journey back to Earth. AP Photo
  • This Nasa TV frame grab image shows astronaut Shannon Walker of Nasa handing over International Space Station command to Japan Aerospace Exploration Agency's Akihiko Hoshide, as the the rest of the crew look on. AFP
    This Nasa TV frame grab image shows astronaut Shannon Walker of Nasa handing over International Space Station command to Japan Aerospace Exploration Agency's Akihiko Hoshide, as the the rest of the crew look on. AFP
  • Nasa and SpaceX support teams board a helicopter at Pensacola, Florida, to head to a ship in the Gulf of Mexico. AP Photo
    Nasa and SpaceX support teams board a helicopter at Pensacola, Florida, to head to a ship in the Gulf of Mexico. AP Photo
  • This photo combination provided by Nasa shows from left, Expedition 64 Flight Engineers and SpaceX Crew-1 members Michael Hopkins, Victor Glover, Shannon Walker and Soichi Noguchi. AP Photo
    This photo combination provided by Nasa shows from left, Expedition 64 Flight Engineers and SpaceX Crew-1 members Michael Hopkins, Victor Glover, Shannon Walker and Soichi Noguchi. AP Photo
  • European Space Agency French astronaut Thomas Pesquet waves from the International Space Station at the end of a question and answer session with media representatives in Paris. AFP
    European Space Agency French astronaut Thomas Pesquet waves from the International Space Station at the end of a question and answer session with media representatives in Paris. AFP
  • Nasa's SpaceX Crew-1 mission aboard the SpaceX Crew Dragon, right, is docked to the International Space Station. Nasa TV / AFP
    Nasa's SpaceX Crew-1 mission aboard the SpaceX Crew Dragon, right, is docked to the International Space Station. Nasa TV / AFP
  • Nasa's SpaceX Crew-1 mission aboard the SpaceX Crew Dragon approaches the International Space Station. Nasa TV / AFP
    Nasa's SpaceX Crew-1 mission aboard the SpaceX Crew Dragon approaches the International Space Station. Nasa TV / AFP
  • Nasa's SpaceX Crew-1 mission aboard the SpaceX Crew Dragon approaches the International Space Station. Nasa TV / AFP
    Nasa's SpaceX Crew-1 mission aboard the SpaceX Crew Dragon approaches the International Space Station. Nasa TV / AFP
  • the SpaceX Dragon capsule approaches the International Space Station. Nasa TV / AP
    the SpaceX Dragon capsule approaches the International Space Station. Nasa TV / AP
  • Nasa's SpaceX Crew-1 mission aboard the SpaceX Crew Dragon approaches the International Space Station. Nasa TV / AFP
    Nasa's SpaceX Crew-1 mission aboard the SpaceX Crew Dragon approaches the International Space Station. Nasa TV / AFP
  • Nasa's SpaceX Crew-1 mission aboard the SpaceX Crew Dragon approaches the International Space Station with Earth visible in the distance. Nasa TV / AFP
    Nasa's SpaceX Crew-1 mission aboard the SpaceX Crew Dragon approaches the International Space Station with Earth visible in the distance. Nasa TV / AFP
  • Astronauts Mike Hopkins, left, and Victor Glover monitor controls aboard SpaceX Dragon as the capsule approaches the International Space Station. Nasa TV / AP
    Astronauts Mike Hopkins, left, and Victor Glover monitor controls aboard SpaceX Dragon as the capsule approaches the International Space Station. Nasa TV / AP
  • Crowds on the beach in Cape Canaveral, Florida, watch the launch of the SpaceX Falcon 9 Crew Dragon on its Crew-1 mission carrying four astronauts. Florida Today via AP
    Crowds on the beach in Cape Canaveral, Florida, watch the launch of the SpaceX Falcon 9 Crew Dragon on its Crew-1 mission carrying four astronauts. Florida Today via AP
  • A SpaceX Falcon 9 rocket, topped with the Crew Dragon capsule, is launched carrying four astronauts on the first operational NASA commercial crew mission at Kennedy Space Centre in Cape Canaveral, Florida. Reuters
    A SpaceX Falcon 9 rocket, topped with the Crew Dragon capsule, is launched carrying four astronauts on the first operational NASA commercial crew mission at Kennedy Space Centre in Cape Canaveral, Florida. Reuters
  • A SpaceX Falcon 9 rocket, topped with the Crew Dragon capsule, is launched at Kennedy Space Centre in Cape Canaveral, Florida. Reuters
    A SpaceX Falcon 9 rocket, topped with the Crew Dragon capsule, is launched at Kennedy Space Centre in Cape Canaveral, Florida. Reuters
  • A SpaceX Falcon 9 rocket carrying the company's Crew Dragon spacecraft, is launched for NASA's SpaceX Crew-1 mission, to the International Space Station, in Cape Canaveral, Florida. EPA
    A SpaceX Falcon 9 rocket carrying the company's Crew Dragon spacecraft, is launched for NASA's SpaceX Crew-1 mission, to the International Space Station, in Cape Canaveral, Florida. EPA
  • A SpaceX Falcon 9 rocket, topped with the Crew Dragon capsule, is launched at Kennedy Space Centre in Cape Canaveral, Florida. Reuters
    A SpaceX Falcon 9 rocket, topped with the Crew Dragon capsule, is launched at Kennedy Space Centre in Cape Canaveral, Florida. Reuters
  • A SpaceX Falcon 9 rocket carrying the company's Crew Dragon spacecraft prepares to launch. EPA
    A SpaceX Falcon 9 rocket carrying the company's Crew Dragon spacecraft prepares to launch. EPA
  • This SpaceX video grab shows Nasa's SpaceX Crew-1 members waiting for second Stage separation, (from left) Shannon Walker, Victor Glover, Michael Hopkins and Soichi Noguchi, after launching from NASA's Kennedy Space Centre in Florida. AFP
    This SpaceX video grab shows Nasa's SpaceX Crew-1 members waiting for second Stage separation, (from left) Shannon Walker, Victor Glover, Michael Hopkins and Soichi Noguchi, after launching from NASA's Kennedy Space Centre in Florida. AFP
  • Japan Aerospace Exploration Agency (JAXA) astronaut Soichi Noguchi gestures as the crew of a SpaceX Falcon 9 rocket departs for the launch pad for the first operational NASA commercial crew mission at Kennedy Space Centre in Cape Canaveral, Florida, US. Reuters
    Japan Aerospace Exploration Agency (JAXA) astronaut Soichi Noguchi gestures as the crew of a SpaceX Falcon 9 rocket departs for the launch pad for the first operational NASA commercial crew mission at Kennedy Space Centre in Cape Canaveral, Florida, US. Reuters
  • Astronaut Soichi Noguchi, wearing a SpaceX spacesuit, preparing to depart the Neil Armstrong Operations and Checkout Building with his fellow crewmates. AFP
    Astronaut Soichi Noguchi, wearing a SpaceX spacesuit, preparing to depart the Neil Armstrong Operations and Checkout Building with his fellow crewmates. AFP
  • Crew members of a SpaceX Falcon 9 rocket commander Mike Hopkins, Victor Glover, Shannon Walker and Japanese astronaut Soichi Noguchi, gesture as they depart for the launch pad for the first operational NASA commercial crew mission at Kennedy Space Centre in Cape Canaveral, Florida. Reuters
    Crew members of a SpaceX Falcon 9 rocket commander Mike Hopkins, Victor Glover, Shannon Walker and Japanese astronaut Soichi Noguchi, gesture as they depart for the launch pad for the first operational NASA commercial crew mission at Kennedy Space Centre in Cape Canaveral, Florida. Reuters
  • A full-size model of the Crew-1 spacecraft module sits near the launch pad as a SpaceX Falcon 9 rocket is seen at launch complex 39A in the distance at the Kennedy Space Cente in Florida. AFP
    A full-size model of the Crew-1 spacecraft module sits near the launch pad as a SpaceX Falcon 9 rocket is seen at launch complex 39A in the distance at the Kennedy Space Cente in Florida. AFP

The four astronauts flew to space last November as the crew on the first fully operational mission to the ISS aboard a vehicle made by Elon Musk's SpaceX, which has become Nasa's favoured commercial transportation partner.

The 167-day mission is the longest for astronauts launching from the US. The previous record of 84 days was set by Nasa’s final Skylab station crew in 1974.

After medical checks, the four astronauts were due to be flown by helicopter to Pensacola to board a plane for Houston to be reunited with their friends and family, Nasa said.

"The reports are all four crew members are in great shape and in great spirits and doing really well," Nasa chief flight director Holly Ridings said at a post-landing news briefing.

"Really just a great day. It's not very often you get to wake up on the Space Station and go to sleep in Houston," she said.

Hiroshi Sasaki, vice president of human spaceflight technology at Japan’s space agency, Jaxa, told Nasa television that the mission “opened a new era for human space flight”.

The replacements for the four returning astronauts – from the US, Japan and France – arrived at the space station last weekend in their own SpaceX capsule for a six-month mission.

The three other crew currently aboard the ISS – one American and two Russians – arrived in a Russian capsule launched from Kazakhstan three weeks ago.

As the SpaceX capsule detached from the space station, Mr Hopkins thanked the crew left behind for their hospitality.

"We'll see you back on Earth," he said.

SpaceX made history last year when two American astronauts, Bob Behnken and Doug Hurley, carried out a test flight to the ISS in May and stayed for two months.

It was the first launch to the ISS from US soil since the end of the Space Shuttle programme in 2011, and the first crewed mission run by a private company.

Until then, US astronauts had flown to the ISS on board Russian Soyuz rockets.

SpaceX plans to use a modified version of its Crew Dragon capsule fitted with an observation dome to send an all-civilian crew into space for the first time this year.

All four crew members of the Inspiration4 mission have now been selected for the pioneering flight, with SpaceX targeting a launch date of no earlier than September 15.

Speaking to Nasa television, SpaceX flight reliability adviser Hans Koenigsmann said: “We’re ready for the private astronaut mission.”

The rules of the road keeping cyclists safe

Cyclists must wear a helmet, arm and knee pads

Have a white front-light and a back red-light on their bike

They must place a number plate with reflective light to the back of the bike to alert road-users

Avoid carrying weights that could cause the bike to lose balance

They must cycle on designated lanes and areas and ride safe on pavements to avoid bumping into pedestrians

How to avoid crypto fraud
  • Use unique usernames and passwords while enabling multi-factor authentication.
  • Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
  • Avoid suspicious social media ads promoting fraudulent schemes.
  • Only invest in crypto projects that you fully understand.
  • Critically assess whether a project’s promises or returns seem too good to be true.
  • Only use reputable platforms that have a track record of strong regulatory compliance.
  • Store funds in hardware wallets as opposed to online exchanges.

 

 

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%3Cp%3EAuthor%3A%20Saeed%20Teebi%3C%2Fp%3E%0A%3Cp%3EPages%3A%20256%3C%2Fp%3E%0A%3Cp%3EPublisher%3A%C2%A0House%20of%20Anansi%20Press%3C%2Fp%3E%0A
Four tips to secure IoT networks

Mohammed Abukhater, vice president at FireEye in the Middle East, said:

- Keep device software up-to-date. Most come with basic operating system, so users should ensure that they always have the latest version

- Besides a strong password, use two-step authentication. There should be a second log-in step like adding a code sent to your mobile number

- Usually smart devices come with many unnecessary features. Users should lock those features that are not required or used frequently

- Always create a different guest network for visitors

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

TUESDAY'S ORDER OF PLAY

Centre Court

Starting at 2pm:

Elina Svitolina (UKR) [3] v Jennifer Brady (USA)

Anastasia Pavlyuchenkova (RUS) v Belinda Bencic (SUI [4]

Not before 7pm:

Sofia Kenin (USA) [5] v Elena Rybakina (KAZ)

Maria Sakkari (GRE) v Aryna Sabalenka (BLR) [7]

 

Court One

Starting at midday:

Karolina Muchova (CZE) v Katerina Siniakova (CZE)

Kristina Mladenovic (FRA) v Aliaksandra Sasnovich (BLR)

Veronika Kudermetova (RUS) v Dayana Yastermska (UKR)

Petra Martic (CRO) [8] v Su-Wei Hsieh (TPE)

Sorana Cirstea (ROU) v Anett Kontaveit (EST)

Results

5pm: Maiden (PA) Dh80,000 (Turf) 1,200m, Winner: ES Rubban, Antonio Fresu (jockey), Ibrahim Aseel (trainer)

5.30pm: Handicap (PA) Dh85,000 (T) 1,200m, Winner: Al Mobher, Sczcepan Mazur, Ibrahim Al Hadhrami

6pm: Handicap (PA) Dh80,000 (T) 2,200m, Winner: Jabalini, Tadhg O’Shea, Ibrahim Al Hadhrami

6.30pm: Wathba Stallions Cup (PA) Dh70,000 (T) 2,200m, Winner: AF Abahe, Tadgh O’Shea, Ernst Oertel

7pm: Handicap (PA) Dh85,000 (T) 1,600m, Winner: AF Makerah, Tadhg O’Shea, Ernst Oertel

7.30pm: Maiden (TB) Dh80,000 (T) 1,600m, Winner: Law Of Peace, Tadhg O’Shea, Satish Seemar

PROFILE

Name: Enhance Fitness 

Year started: 2018 

Based: UAE 

Employees: 200 

Amount raised: $3m 

Investors: Global Ventures and angel investors 

Mia Man’s tips for fermentation

- Start with a simple recipe such as yogurt or sauerkraut

- Keep your hands and kitchen tools clean. Sanitize knives, cutting boards, tongs and storage jars with boiling water before you start.

- Mold is bad: the colour pink is a sign of mold. If yogurt turns pink as it ferments, you need to discard it and start again. For kraut, if you remove the top leaves and see any sign of mold, you should discard the batch.

- Always use clean, closed, airtight lids and containers such as mason jars when fermenting yogurt and kraut. Keep the lid closed to prevent insects and contaminants from getting in.

 

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

Porsche Taycan Turbo specs

Engine: Two permanent-magnet synchronous AC motors

Transmission: two-speed

Power: 671hp

Torque: 1050Nm

Range: 450km

Price: Dh601,800

On sale: now

The specs

Engine: 1.6-litre 4-cyl turbo and dual electric motors

Power: 300hp at 6,000rpm

Torque: 520Nm at 1,500-3,000rpm

Transmission: 8-speed auto

Fuel consumption: 8.0L/100km

Price: from Dh199,900

On sale: now

The specs: 2018 Dodge Durango SRT

Price, base / as tested: Dh259,000

Engine: 6.4-litre V8

Power: 475hp @ 6,000rpm

Torque: 640Nm @ 4,300rpm

Transmission: Eight-speed automatic

Fuel consumption, combined: 7.7L / 100km

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Pros%20and%20cons%20of%20BNPL
%3Cp%3E%3Cstrong%3EPros%3C%2Fstrong%3E%0D%3C%2Fp%3E%0A%3Cul%3E%0A%3Cli%3EEasy%20to%20use%20and%20require%20less%20rigorous%20credit%20checks%20than%20traditional%20credit%20options%0D%3C%2Fli%3E%0A%3Cli%3EOffers%20the%20ability%20to%20spread%20the%20cost%20of%20purchases%20over%20time%2C%20often%20interest-free%0D%3C%2Fli%3E%0A%3Cli%3EConvenient%20and%20can%20be%20integrated%20directly%20into%20the%20checkout%20process%2C%20useful%20for%20online%20shopping%0D%3C%2Fli%3E%0A%3Cli%3EHelps%20facilitate%20cash%20flow%20planning%20when%20used%20wisely%0D%3C%2Fli%3E%0A%3C%2Ful%3E%0A%3Cp%3E%3Cstrong%3ECons%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cul%3E%0A%3Cli%3EThe%20ease%20of%20making%20purchases%20can%20lead%20to%20overspending%20and%20accumulation%20of%20debt%0D%3C%2Fli%3E%0A%3Cli%3EMissing%20payments%20can%20result%20in%20hefty%20fees%20and%2C%20in%20some%20cases%2C%20high%20interest%20rates%20after%20an%20initial%20interest-free%20period%0D%3C%2Fli%3E%0A%3Cli%3EFailure%20to%20make%20payments%20can%20impact%20credit%20score%20negatively%0D%3C%2Fli%3E%0A%3Cli%3ERefunds%20can%20be%20complicated%20and%20delayed%0D%3C%2Fli%3E%0A%3C%2Ful%3E%0A%3Cp%3E%3Cem%3ECourtesy%3A%20Carol%20Glynn%3C%2Fem%3E%3C%2Fp%3E%0A
Financial considerations before buying a property

Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.

“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says. 

Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.

Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier. 

Company%20profile
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