Most people take wild guess at life. Having accurate information is not a priority for them. Most people do not bother with the basics in making good decisions: Good research.

The TV is not the best source of what to do next in life, sit-coms are supposed to be funny not truthful. But the bottom line is that information is the most valuable commodity in our generation. Having the best information lets you make the best decisions.Knowing where to get the best information is a powerful recipe for success.

Do you think you can always be right? Definitely not. There is some much we simply do not know about people, situations, the past and the future that the best decision is just that the best decision you can make at the time. That why some say live and learn.

One thing about truth is it is absolute. We only find the truth when we find out what truth really is. Making decisions on what we believe are the facts are certainly second best, but it likely the best we can do in almost all cases. However this does not exclude us from doing the basics in research about the decision we are about to take to make sure the really do understand the basic issues involved. Paying attention to life around us is a good idea. Ignorance, especially a refusal to learn is hardly excusable.

One of the most important parts of an education is learning to ask questions, analyze the answers and ask more focused questions until we have discovered enough information to make a reasonable decision based on what we know. When we focus too narrowly, or come to a conclusion by purposely ignoring truth we most certainly going to be wrong.

Websites, and especially blogs when read literally can be a source go both good and bad information. Sometimes writing words about something focuses people’s attention to details previously overlooked. Critical information for decisions can sometimes be found from other experiences. In that reading about others is always a great idea.

Knowing about TAHITIAN NONI Juice is definitely a good thing. Noni

These are definately worth reading. Some Joyfull Words! You can use these to succeed.

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Would you be willing to bet $300 of your own money that your home is worth what you think it is? Unless you’re ultra-competitive and will bet on pretty much anything, my guess is your answer would be a resounding “No!”

When you go to buy a home, or refinance your existing home, that’s exactly what you’ll be doing in most cases. This is one of the lesser known and most common mortgage ripoffs that occur because people outside the industry don’t know better. Knowing this and other mortgage financing secrets can save you hundreds or even thousands of dollars.

Purchasing a home, unless you’re independently wealthy, involves borrowing the majority of the purchase price from a lender, typically a bank. Before the lender will give you the money, they’re going to want some assurance that the property you’re going to buy is worth at least that much money, and in most cases more. It’s unusual these days to find any lender that will give you 100% of the value of a property. It’s typically 15-20% now. A far cry from the wild and woolly days before the mortgage market crash!

So, let’s say you want to buy a house. You go out and find the perfect house. You and the seller haggle back and forth and settle on a price of $100,000, just to keep the math simple.

Now you go find a lender and ask them to give you a mortgage. They tell you “Okay, we’ll give you $80,000.” You’re okay with that, so you proceed with the mortgage application.

As part of the mortgage application process, the lender will require an appraisal of the property. The appraisal must be done by a certified professional appraiser. The lender isn’t going to take the owner’s word for it!

Typically, the lender schedules the appraiser’s visit. The appraiser calls the property owner and arranges to visit the property. You, the applicant, are required to pay for the appraisal before it can take place. In my area, this fee is generally around $300.

So, you’ve now paid $300 to have the property appraised. If the appraiser agrees that the property is worth at least $100,000, no problem. The application process moves forward.

What if the appraiser says the property is worth less than $100,000?

Ready…?

You don’t get the loan, and, worse, you don’t get your $300 back! You just bet $300 and lost!

Lenders have been doing this for years and it’s become accepted as a way of doing business. People simply suck it up, pay the $300 and hope for the best. In recent years when property values were rising rapidly, this was rarely a problem, unless the seller had ridiculous expectations and the buyer no clue about the real value of the property. Nowadays, however, property values are declining and it’s much less certain that the seller, however well intentioned, really knows the value of their property.

Some reputable mortgage brokers have adopted a policy of paying for the appraisal out of their own pockets. This puts the onus on them to do their homework and have a good knowledge of the current property values in their area. From their perspective, it eliminates the possibility that they would have to call a potential customer and tell them they just blew $300.

The buyer will pay the appraisal fee as part of the normal closing costs, so it’s not like they don’t have the obligation to pay it. With the broker paying the fee first, this eliminates the risk on the part of the buyer and is simply good customer service. Shop around for mortgage lenders and brokers and always ask them who pays the appraisal fee!

This is just one of today’s money secrets that can help you navigate the rubble of the mortgage industry without getting scammed!

Institute For Continuing Healthcare Education (DHEC)

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