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If you want to draw cash out of the value in your home, you have two options – a cash-out refinance or a home equity loan. Here's a look at how.

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A reverse mortgage is a financial tool that can be used to either purchase or refinance a home. If you own a home you may be able to use this unique program to pay off your current mortgage and, if.

How 90% of Homeowner Are Losing Tens of Thousands of $$$ When Refinancing Their Home So, being one of the best video gamers on the planet doesn’t just bring cash prizes and accolades. another gamer while.

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Tap into Your Home's Equity with an FHA Cash-Out Refinance Loan. If you've been in your home for some time or you've made some upgrades – or both,

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Since the recent RBA cash rate cuts there are a tonne of great home loan. you’ve worked out what your current interest rate is, go and punch some numbers into our switch and save calculator to see.

Cash-out refinancing is more common when a home’s value has increased since the original mortgage was signed and lets the homeowner tap into the equity they have built up over years of mortgage.

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Our mortgage payment calculator helps you determine what how much extra you can. If your original mortgage loan was $250,000 and you've paid $30,000 in. To calculate your own home equity, just subtract the amount you owe from the.

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fha loans vs conventional loans Conventional loans typically have fixed interest rates and terms. An FHA loan is a loan that’s insured by the Federal Housing Administration. The FHA does not lend money, it just backs qualified.mortgage for low income earners best way to get pre approved for a mortgage Bad Credit Loans Made Easier by Pre-Approval – While pre-qualifying can be helpful, it doesn’t carry anywhere near the same clout as getting pre-approved for a loan. Pre-qualification is generally the first step in shopping for a home and seeking a mortgage. In simplest terms, it’s a way of obtaining a ballpark estimate of how much you’ll be able to borrow with a mortgage.Features of Low Income Loans. To accommodate lower income levels, lenders may increase that limit to 30% or even 40%. Loan amount: Some lenders have minimum loan requirements that are too high for low income borrowers. By reducing the amount required for low income loans, these people might be able to qualify. For example, some lenders may set a minimum loan amount of $40,000.help for low income families to purchase a home Pamplin Media Group – New partnership to help low income. – New partnership to help low income families buy their own homes, Local News, Hillsboro, Aloha local News, Breaking News alerts for Hillsboro, Aloha city.

Just redoing your kitchen can cost between $10,000 and $30,000, A HELOC, or home equity line of credit, requires that you use your home as.. first year could look like using Bankrate's mortgage tax deduction calculator,

Find out how much equity you have so you can use it to invest or improve your life by refinancing or using a home equity loan. Compare rates.

monthly payment calculator Use our home equity loan calculator to find a rate and monthly payment that fits your budget. Input how much you want to borrow, how much your home is worth, your current mortgage balance and your credit / location, and we’ll do the rest.

Home equity loan calculators will let you identify the equity in your home and define your eligibility to obtain different types of home equity loans, such as a traditional home equity loan, a home equity line of credit and so on. These calculators will also help you to identify monthly payments and other features regarding those loans.

We're here to help you find a loan that works for you and your needs. Please use our calculator if you'd like to get an idea of your estimated payments.

Your actual rate, payment, and costs could be higher. Get an official. Loan and Interest calculators are for estimation purposes only.. Home Equity Calculators.

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Use the Chase Home Equity Line of Credit Calculator to show how much you may be able to borrow based on the value of your home. The equity in your home can be used for home improvements, debt consolidation or other expenses. If you don’t know the value of your home, start by estimating your home’s value.

Mortgage Calculator. Fixed Rate Home Equity Revolving Line of Credit, 6.500% , 6.500%, Revolving Line of Credit, $10,000, 0.00. 5 year fixed. 15 year Fixed Rate Equity Loan, 7.000% – 7.250%, 7.000%, 15 Years, $30,000, $269.65 .

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Under these provisions, while construction work is being performed, a separate handrail must be provided if the top rail of a stairway system exceeds 37 inches. Since the top rail you refer to is 42 inches, a separate stair rail would be required. The different height requirements reflect different purposes.

get approved for a house refinancing a construction loan Purchase & Cash-Out Refinance Home Loans – benefits.va.gov – Purchase & Cash-Out Refinance Home Loans. VA’s Cash-Out Refinance Loan is for homeowners who want to take cash out of your home equity to take care of concerns like paying off debt, funding school, or making home improvements. The Cash-Out Refinance Loan can also be used to refinance a non-VA loan into a VA loan. VA will guaranty loans up to 100% of the value of your home.chances of getting a home loan Some lenders are giving second-chance loans to those with bad credit – Brenda’s still tending her garden, though, thanks to a second-chance loan from the New Hampshire Community. of an innovative financing program for manufactured housing mortgage loans. The NEXT.Georgia House passes bill to let Dalton Utilities issue big loans without people’s vote – A bill to let Dalton Utilities take out big loans without voter approval passed through a Georgia House Committee this week. "My motivation for getting this bill done is to do worse case.

Under HUD regulations, any house or apartment that has four or more steps must have a handrail installed to prevent the potential for injury. This rule is.

closing cost calculator Mortgage Rates Grand Prairie Texas Here’s how much average closing costs are in Texas – In Texas, Bankrate found that a buyer closing on a $200,000 mortgage loan, with an assumed 20 percent down payment and "excellent credit," will face closing costs of $2,175 – $1,032 for origination fees and $1,143 for third party fees.

PDF FHA LOAN INSPECTION REQUIREMENTS – keller williams realty – FHA LOAN INSPECTION REQUIREMENTS An FHA Loan can be the perfect solution for many borrowers, but there are several items that. Faulty railings on stairs Railings that are deemed inadequate (missing or un-safe) by the appraiser must be repaired or replaced Unsafe decks

This article discusses affordable housing investment as a business and investment. Modifications include ramps instead of stairs, wheelchair accessible bathrooms, handrails, and modified cabinets.

MIP (mortgage insurance premium) fha insured loans require mortgage insurance to protect lenders against losses that result from defaults on home mortgages. Depending on the terms and conditions of your home loan, most FHA loans today will require MIP for either 11 years or the lifetime of the mortgage.

Stair Handrails – Plan. Note: X is the 12 in minimum handrail extension required at each top riser. Y is the minimum handrail extension of 12 in plus the width of one tread that is required at each bottom riser. Figure 19(b) Stair Handrails – Elevation of Center Handrail Figure 19(c) Stair Handrails -.

– Fha Handrail Requirements : Balcony Railing Specifications Pictures To Pin On.. height, dimensions, spacing, construction Definition of a guardrail compared to a stair rail & handrail – a quick guide to railing types questions & answers about stair landing, porch, deck, or balcony.

what is a heloc Home equity is the market value of a homeowner’s unencumbered interest in their real property, that is, the difference between the home’s fair market value and the outstanding balance of all liens on the property. The property’s equity increases as the debtor makes payments against the mortgage balance, or as the property value appreciates.

Handrails shall not project more than 4.5 inches (114 mm) on either side of the stairway and the minimum clear width of the stairway at and below the handrail height, including treads and landings, shall not be less than 31.5 inches (787 mm) where a handrail is installed on one side and 27 (698 mm) where handrails are provided on both sides.

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The USDA Guarantee loan is a 100% financing mortgage for moderate-to-low income homebuyers in eligible rural and suburban areas. Loans are issued through the USDA Rural Development Guaranteed Housing Loan Program, which was created by the U.S. Department of Agriculture. usda loan guarantees: usda 502 direct loan guarantees a mortgage issued by private lenders. In this way they are similar to.

The United States Department of Agriculture supports the usda rural development loan, also known as the Single Family Housing Guaranteed loan. This mortgage loan is designed to assist low- and moderate-income households with purchasing decent, safe, and sanitary homes in approved rural areas.

USDA staff are working on regulations to set forth upcoming application terms for additional loan guarantees under the program. The 2014 Farm Bill builds on historic economic gains in rural America.

Although the USDA provides only a small portion of direct payments, it also oversees loans from commercial banks. or may be less likely to apply for credit because of the agency’s racist history.

Apply for an USDA Loan in Texas USDA Mortgage Benefits 100% Financing – No down payment is required No PMI insurance – This helps keep your mortgage payment low Gifts Allowed for closing costs from a family member Seller can pay for up to 6% – This.

We encourage those affected to reach out to their local USDA Service Center to apply for these emergency loans.” According to the release, physical loss loans can help producers repair or replace.

USDA under secretary Lisa Mensah recently encouraged rural small businesses to apply for loans and grants to support renewable energy and energy efficiency projects. “Helping rural small businesses.

USDA Rural Housing Loan Approval Application  · Re: USDA Direct Rural Loan (502 Direct) for very low or low income. The house I’ve contracted on is $135,000 with the seller paying my closing costs of about $3,500 and my payment with the subsidy, taxes, and insurance will be $540 over 33 years. This is $110 less than my rent on a 650 sq. ft. 30 year old apartment.

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The program, called EZ Guarantee Loans, uses a simplified application process to help beginning, small, underserved and family farmers and ranchers apply for loans of up to $100,000 from USDA-approved. The USDA offers two loan options for buyers.

USDA home loans are restricted to defined rural areas as designated by that agency. In California, USDA-designated rural areas surprisingly are near major metropolitan areas. Geographic rural area.

best interest rates for refinancing mortgage

Try our easy-to-use refinance calculator and see if you could save by refinancing. Estimate your new monthly mortgage payment, savings and breakeven point.

Today’s low refinance rates . ARM interest rates and payments are subject to increase after the initial fixed-rate period (5 years for a 5/1 ARM, 7 years for a 7/1 ARM and 10 years for a 10/1 ARM). Select the About ARM rates link for important information, including estimated payments and rate adjustments.

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Current Mortgage Rates & Home Loans | Zillow – Today’s Average Mortgage Rates. Here are the latest average rates from multiple lenders who display rates on Zillow.

Your annual income (before taxes) The mortgage term you’ll be seeking The interest rate you’re likely to earn Your monthly. In some respects, the mortgage lending industry is working against your.

Bankrate's rate table compares current home mortgage & refinance rates. Compare lender APR's and find ARM or fixed rate mortgages & more.. The interest rate remains the same for the life of the loan. With a fixed-rate mortgage, your.

In our search for the best mortgage refinance lenders, we looked for companies that offer a variety of loans and terms, including conventional fixed and adjustable rate mortgages, as well as government-backed options like VA, USDA, and FHA loans.

Refinance Rates Help. Select the range of discount points that you are willing to pay. Discount points are an upfront fee that you pay to get a lower interest rate. One point is 1 percent of the loan amount. On a $100,000 mortgage, if you pay 1 point, you pay an upfront fee of $1,000. Enter your zip code.

Refinancing options will require an understanding of refinance mortgage rates, interest rates, hidden costs, savings and monthly payments. Determining the.

If you’re considering refinancing your mortgage, you are likely eager to find the lowest mortgage refinance rates.. But before you start shopping around for the lowest rates, experts say you should establish your objectives and prepare your finances to improve your chances of qualifying for the lowest interest rate.

On August 12th, 2019, the average rate on the 30-year fixed-rate mortgage is 4.02%, the average rate for the 15-year fixed-rate mortgage is 3.51%, and the average rate on the 5/1 adjustable-rate.

home mortgage interest rates Save on interest compared to a 30-year fixed loan, and get a low, fixed monthly payment for the life of the loan. 30-year fixed. Enjoy a low, fixed monthly payment for the life of the loan, and avoid paying mortgage insurance when you put 20% down.what is a bridge loan mortgage commercial mortgage connection, Inc. | Find the Best. – How We Do It. Our loan options originate from private sources of capital that have large sums of money to invest and seek higher returns from safe assets.monthly payment on 20000 home equity loan Using the Home Equity Line of Credit Payments Calculator. Here’s how it works: Start by deciding if you want to calculate the minimum monthly payments for a certain loan balance, or how much you can borrow while not exceeding a certain minimum payment. Select one or the other in the circles on the line marked "calculate."

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compare current mortgage interest rates from a comprehensive list of home loan lenders. Find the best mortgage rates for you.. Get a Quote Today!

Get A Quote. Fill out the information below, and we will call you back with an interest rate quote. Name * First Last Email. Union Plus Mortgage Company is union owned. See the Disclosures. Union Plus Mortgage Company. 305 Fellowship Road, Suite 230 Mt. Laurel, NJ 08054.

Get a Mortgage quote Some quick questions to get started. We in Bank in Spain are specialists in finding the best possible mortgage for international clients buying property in Spain.

How to Get the Best Deal on Refinancing What Will Refinancing. It can be tempting to visit an online marketplace that promises instant quotes from a variety of mortgage companies. But beware that.

Get a great mortgage rate when you compare mortgage rates from multiple lenders. between an individual loan and the loan criteria used for the HSH quotes.

fha home appraisal checklist Fha Home Appraisal Checklist | Samhouston –  · - Real Estate Appraiser – What does an FHA appraiser look for? 10 Things You Might Not Know About fha appraisal guidelines 1. Open up that Attic: If there is an attic, the appraiser is required to do a "head and shoulders" inspection of the attic – even if the attic access has been sealed off by the home owner.

Many people in Thailand take out a mortgage jointly with someone else as that makes it easier to get a loan. Non-performing home loans amounted to 3.34% of total mortgage loans at Thai banks as of.

closing cost calculator Mortgage Rates Grand Prairie Texas We’ve combined useful calculators below that will help you to determine the home you can afford, the monthly mortgage payments, closings costs, tax benefits of homeownership, and your debt-to-income ratio that is very important when applying for a mortgage loan.

Mortgage rates by state. Mortgage rates can vary a lot between lenders on any given day. So, if you only get one mortgage quote, you won’t have any idea if there’s a better deal out there. That’s why the best way to get a mortgage rate it to request quotes from multiple lenders and compare interest rates, loan terms and closing costs.

When getting a mortgage, it's wise to shop around for the best deal.. report fees, appraisal fees, and inspection fees may not be part of a given APR quote.

YES YOU CAN! Get Rid Of Your FHA Mortgage Insurance - Today's Mortgage and Real Estate News In this quote, he’s referring to the magic people feel when they. If you feel like you’re in a possibly dangerous.

 · Instant online Mortgages Quotes. Our instant online mortgage quote system allows you to compare over 5000 mortgage quotes, updated daily to give you the best mortgage quote in the uk. Once you have found the right mortgage quote press enquire and Go Direct’s advisors help you make sure it is the right mortgage for you.

compare mortgage rates and closing costs

Review current mortgage rates for August 11, 2019. The table below enables you to compare interest rates and closing costs for leading lenders in your area.

home loan with low credit score low income mortgage help Helping Low-Income, First-Time Homebuyers | HCIDLA – The Low Income Purchase Assistance loan provides the difference between the purchase price plus closing costs (up to 5% of the sales price) and the amount of the buyer’s first mortgage loan, down payment and other funding sources.Bad Credit Home Loan Programs in 2019 | The Lenders Network – USDA home loans, like VA mortgages are a 100% financing home loan. Because there is no down payment, the credit score requirements for USDA mortgages is a little higher than FHA. Most lenders will require a 640 credit score to qualify for a USDA home loan.

Closing costs are fees charged by the lender at the closing of a real estate transaction, and costs vary in every state.. Compare mortgage rates from lenders.

The average closing costs for a mortgage on a median-value home are $7227 in 2019.. in third-party costs or prepaid expenses, their quoted interest rates relied on. fees, and there is opportunity to save by comparing across other vendors.

Use this closing costs calculator to estimate your total closing expenses on your home mortgage, including prepaid items, third-party fees and escrow account.

Buying a home isn’t as simple as they make it look on TV. There is a lot that happens before and after you set your sights on your dream home. This includes finding the right lender, adjusting your budget and navigating all the fees associated with a mortgage loan. closing costs, also known as.

Mortgage closing costs typically run from 2% to 5% of the loan cost, including property taxes, mortgage insurance, title search fees and more.

At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our.

Closing costs are one of the most confusing parts of homebuying. Find out about the. for a mortgage? Compare your rates with these lenders.

Lenders use both to decide your mortgage interest rate and more. You’ll also want to compare application, appraisal, title and loan origination fees, which affect closing costs and vary widely.

You’ll discuss how much you want to use on your down payment and how that will affect your mortgage. You’ll learn about.

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Closing costs can come in at up to 5% of your home's purchase price, so they're not. Application fee: the fee associated with reviewing your mortgage loan application.. Rate lock fee: a fee to lock in the rate the lender offers you.. Compare what's on the Closing Disclosure to what was on the Loan Estimate and ask your.

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Being Self Employed while seeking to borrow through the Fannie Mae lending system is an incredibly complicated process! This article will help you understand and navigated the guidelines surrounding being self employed and applying for Fannie Mae as well as recent changes that are important.

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Fannie Mae (officially the Federal National Mortgage Association, Established in 1938 during the Great Depression as part of the New Deal, fannie mae channels its efforts into increasing the. Fannie Mae Guidelines.

See What's New. Selling Policy Updates. Related Resources. Guide Resources. Guide Forms · Selling Guide Quick Links · In Case You Missed.

2019 Conventional (Fannie Mae) Guidelines. Bankruptcy – You may apply for a Conventional, fannie mae loan after your Chapter 7 bankruptcy has been discharged for FOUR (4) years, TWO (2) years from the discharge of a Chapter 13; Foreclosure – You may apply for a Conventional, Fannie Mae loan SEVEN (7) years after the sale date of your.

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As a result, Ginnie Mae MBS trade at a premium compared to Fannie Mae TBAs. Ginnie Mae mortgage-backed securities affected by new FHA guidelines The ten-year bond rallied 10 basis points, with yields.

 · The new Fannie Mae guidelines for the HomeReady program requires an online and easy-to-use education course to help ensure buyers are sufficiently prepared for the overall responsibilities and financial obligations associated with buying a home. The course requires a small fee and consists of nine 30-minute sessions.

Freddie Mac CHOICEHomeSM – new product for manufactured homes that are titled as real property and have features of a site-built home Effective May 1, 2019 May 1, 2019, Guide Bulletin 2019-9 Removal of the requirement for an appraisal update for a subsequent transaction subject to certain conditions Effective May 1, 2019

Our Next Chapter. As CEO of Freddie Mac, my top priority is to capitalize on our transformation and bring us into the next chapter – ready and able to meet a rising number of new challenges in a rapidly changing environment.

Fannie Mae and Freddie Mac also can help stabilize mortgage markets and protect housing during extraordinary periods when stress or turmoil in the broader financial system threaten the economy. The Enterprises’ support for mortgage lending that finances affordable housing reduces the cost of such borrowing.

hud mortgage insurance premium

 · Nationally, the FHA backs about 16 percent of mortgages, according to the agency’s statistics and figures from the mortgage bankers association. historically, the interest rate for FHA insurance has hovered around 0.625 percent. Again, that rate is in addition to whatever mortgage rate a borrower can secure.

modular home financing bad credit Another option that prospective homeowners with bad credit can take is purchasing a home with a co-borrower. Fixing or preventing bad credit. Having bad credit is not the end of the world. It still may be possible for lenders to give you a loan, provided your credit score is not too low.

FHA mortgage insurance premiums, often referred to as MIP, are set by the Federal Housing Administration at different rates depending on the borrower’s loan-to-value ratio. Private mortgage insurance (PMI) applies to conventional loans obtained from a bank or direct lender, so costs can vary depending on where you shop.

how to get a preapproved home loan Mortgage Pre-approval: How to Get Preapproved for a Home Loan – By getting preapproved for a mortgage before you even put in an offer on a home, you can greatly increase your chances of having your offer selected. What is a mortgage pre-approval? A mortgage pre-approval refers to a letter from your lender indicating that you meet the standards for a home loan within a certain price range.

Mortgage Insurance Premium. The annual Mortgage Insurance Premium (MIP) is 1 percent payable at closing. The MIP is 0.65 percent annually thereafter. Term & Amortization. Loans must last a minimum of 10 years. The maximum term on an HUD 232/223(f) loan is 35 years or 75 percent of the remaining life of the facility, fully amortizing. Interest Rate

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This Federal Housing Administration (FHA) mortgage insurance premium (MIP) calculator accurately displays the cost of mortgage insurance for an FHA-backed loan. Unlike most private mortgage insurance (PMI) policies, FHA uses an amortized premium, so insurance costs change along with your loan amount.

As the nation’s housing market continues to improve, U.S. Housing and Urban Development Secretary Julian Castro this week announced the Federal Housing Administration (FHA) will reduce the annual.

For an FHA Streamline Refinance replacing a loan endorsed on, or after, June 1, 2009, the FHA upfront mortgage insurance premium is equal to 1.75 percent of your loan size, or 175 basis points.

The most popular type of mortgage for buyers with low down payments keeps getting pricier and less appealing as more buyers question whether it’s still worth getting an FHA loan. The mortgage.

Calculating the MIP, or mortgage insurance premium, for an FHA loan requires a loan amount and the most current MIP rates. HUD sets MIP rates and the amount you finance affects the MIP rate you get.

Mortgage Insurance Premiums To qualify, the FHA charges single upfront mortgage insurance payments (MIP) along with annual mortgage insurance premiums. The upfront MIP are the same for all, which is 1.75% of the loan amounts and can be financed directly into the mortgage loans.

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 · To put this into perspective, someone who has a credit score of 650 and gets a 30-year $400,000 mortgage loan is likely to pay over $70,000 more in interest than someone who gets the same loan, but has a credit score of 750.

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One of the most well-known types of credit score are FICO Scores, created by the Fair Isaac Corporation. FICO Scores are used by many lenders, and often range from 300 to 850. Generally, a FICO Score above 670 is considered a good credit score on these models, and a score above 800 is usually perceived to be exceptional. FICO Score.

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Your credit score is "one of the most important parts to qualify, but it is a part," says Michelle Chmelar, vice president of mortgage lending with Guaranteed Rate in New York.

Because there are three major consumer credit bureaus (Equifax, Experian and TransUnion), each with its own version of your credit report, you can also have different credit scores. For example, you can have a FICO score based on your Equifax credit report, a FICO score based on your Experian credit report, and a FICO score based on your TransUnion credit report.

What is a Credit Score? A credit score tells lenders about your creditworthiness (how likely you are to pay back a loan based on your credit history). It is calculated using the information in your credit reports. FICO Scores are the standard for credit scores-used by 90% of top lenders.

There's a push to change which credit scores are used to qualify for government- backed mortgages.. make it easier for you to get a home loan or, at least, receive a better rate.. It's important to not overstate the inclusion of rent. Only one. “Most landlords are mom and pop,” she says, “and don't want the.

But when we talk about VA home loans and the mortgage industry as a whole, we’re usually talking about one type of credit score in particular. That’s called the FICO score, which falls on a range from 300 to 850. The FICO score relies on your credit information from each of the three credit bureaus.

What it means is you might not find a lender willing to make a loan because of the risk.. Most lenders have a credit score requirement of at least 620 for a. This will ensure you have greatest likelihood of success in actually closing on a home.. Finally, make sure to ask them the most important question.