Philippine Asian News Today Vol 18 no 24 | Page 25

A25 PHILIPPINE ASIAN NEWS TODAY December 16 - 31 , 2016
The Philippine Azkals remained the highest-ranked football team in the Southeast Asian region despite crashing out of the group stage of the Suzuki Cup .
But the Azkals dropped three notches down in the recently released FIFA international rankings for December , from No . 117 to No . 120 .
Despite the drop , the Philippine national team is still ahead of defending Asean Football Federation ( AFF ) Champion Thailand that is
The preparations for the launch of the Philippines Football League ( PFL ) in the first quarter of 2017 are 90 percent complete , according to Philippine Football Federation ( PFF ) President Mariano Araneta .
Two more teams have expressed interest to participate in the PFL according to Araneta . JP Voltes FC has an already confirmed membership while negotiations is ongoing for the addition of another squad .
Reigning champions Global FC leads the teams that will join the PFL together with Kaya FC , Loyola Meralco Sparks FC , Ceres La Salle FC

Azkals Remain No . 1

currently No . 126 .
The Azkals were left to settle for a disappointing third place finish in the group stage of the Southeast Asian Championship — the first time they bowed out of contention in the preliminary round in six years .
The Philippines was not able to notch wins against Thailand , Singapore and Indonesia in the Group A games that were held at the Philippine Sports Stadium in Bulacan .
The team , prior to

PFL Preparation Almost Complete - Araneta

and Stallion FC .
“ They already confirmed with us . There are already six teams for the Philippine Football League . We are now working on the seventh team , which will be a team from Davao ,” Araneta said in an interview .
JP Voltes FC finished fourth in the recently concluded season of the United Football League . The team registered 13 wins , two draws and four losses including impressive victories against formidable clubs Ceres La Salle FC and Global FC .
Araneta said that Marikina is being considered the Suzuki Cup posted a 1- 0 victory over Kyrgyzstan in November .
Vietnam is now No . 3 in SE Asia at No . 135 and Myanmar No . 4 at No . 159 .
Indonesia , after serving a one-year suspension , had a runner-up finish in the Suzuki Cup . The country claimed the accolade of its Southeast Asian neighbors for an impressive ascent in FIFA rankings from No . 179 to No . 171 . ( J . N . Reyes , MT )
to be the home of JP Voltes but nothing is final yet .
He also mentioned that they are talking to the management of Stallion FC about the possibility of moving their home field back to their original province Iloilo .
“ We are still negotiating for Stallion to use Iloilo as their home province . If they do , JP Voltes can use Biñan . If Stallion uses Biñan , probably they ( Voltes ) can use Iloilo . Actually , we already met ( with the other teams ) and what we talked about was to form the corporation already so that they can be part of the decision making .” ( J . N . Reyes , MT )

PNT Foreign Exchange $ 1.00 Cdn = P36.81 Php $ 1.00 US = P 49.82 € 1.00 EUR = P 52.09 ₤ 1.00 GBP = P 61.02 D1.00 BHD = P 132.11

R1.00 SAR = P 13.28 ¥ 1.00 JPY = P 0.43

Don ’ t Renew ! Renegotiate !

MYLENE LIM , AMP Licensed Mortgage Specialist
When you were applying for your mortgage , you went about it like pro – you shopped around for the best product suited to your needs , reviewed the terms and conditions and negotiated for the interest rate . Or perhaps , being a new buyer , you were just happy to be approved for a mortgage – any mortgage at any rate . Then you just sat back and enjoyed your home for the last five years or so . And now you got a notice in the mail that your mortgage is up for renewal …
What should you do ? Do you just assume you are being offered the best
product after your last negotiation five years ago and sign on the dotted line ? Of course you should not ! It ’ s a new ball game altogether so you have to do your due diligence to find out what products are available for you in your present situation .
1st consideration : Are you just wanting to renew your existing mortgage or do you want to take advantage of your increased equity to take out some money against your property . The first option is considered a renewal while the second option is considered a refinance or equity takeout . A renewal is generally straightforward with minimal documentation while a refinance would require you to submit
income documentation , get a credit record check and a new appraisal of your property .
2nd consideration : What is the best rate available for you ? Oftentimes , your lender would send you a renewal rate that may not necessarily be the lowest they could offer . They do this because they know that a lot of borrowers do not know any better or that borrowers do not want to go through the hassle of negotiating for
a lower rate . A few hours reviewing different options may save you hundreds , if not thousands , on your mortgage payments .
3rd consideration : By now you ’ ve been down this road a few years so hopefully you have gained
some insight that not all mortgages are the same . You now have an idea that you could have more flexibility with regards terms and conditions of your mortgage . You can go for variable instead of fixed rates or vice versa . You can go for 30 or 35 years amortization instead of 25 to lower your monthly payments and alternatively you can opt for shorter amortization period . You can opt to pay a bigger lump sum amount at each calendar year to pay off your mortgage faster . You can opt for a product with minimal penalty if you want to break the mortgage early .
There are so many lending institutions in the market with so many products for you to avail of .
Without the added stress of a home purchase and with more time to review your options , there is no reason for you to just sign on the dotted line when that renewal notice comes in the mail . Take the time necessary to sit down with an experienced mortgage professional to go what the industry can offer you .
Mylene Lim is an
experienced licensed mortgage broker at Dominion Lending Centres – Clear Mortgage . She specializes in arranging very competitive residential and commercial mortgages
for her clients . For more information , please contact her at Cel : ( 604 ) 783 9097 ; Email : mylene . mor tgage @ gmail . com ; Web : www . BestOptionMor tgages . ca ; FB : Mylene Lim , AM
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