Posts Tagged ‘value’

Christmas Gift Suggestions

December 21, 2010

I would suspect that my family is like most at Christmas time.  We give each other a list of things we would like to receive as gifts.  These lists are never created out of selfish, wanton desire; but simply suggestions to get the creative juices of the gift giver going.  But have you ever had to shop for that one person who seemed to have everything?  What do you give them?

My cousins and I faced this challenge when it came to my grandfather.  Grandpa was a man who really did have everything – especially the things that mattered most.  So we granddaughters decided to go outside the box one year – literally, and it was an idea that really fit.  During that year, Grandma had passed away after losing her battle with cancer.  We made a donation in her honor to the local chapter of the American Cancer Society.  Grandpa was deeply moved by our act.  We were reminded that a gift isn’t always about the thing, but the thought and meaning behind it.  This was the perfect gift.

Unfortunately, there are many other families who have a completely different challenge.  How do you create the feeling of Christmas and participate in the exchanging of gifts when the budget has nothing left to offer in the way of Christmas shopping, let alone any type of lavish meal?  Thinking outside of any boxes seems to fit here too.  Gifts that aren’t about things, but ones that have real meaning and permanent value.  Gifts that aren’t about writing a check, but ones that offer the gift of you. 

I’m talking about giving your time, your abilities, and your expertise.  Our Awareness Works 4 U program has introduced us to many non-profit organizations.  Some are more formal in their structure; others are simply the result of a couple individuals.  But all of them can be described as passionate people, called to champion a cause.  Most of whom are volunteers. 

Non-profit organizations need monetary contributions to keep going, but they also need help to get the work done.  Think about the amazing gift you could give by donating your time.  Think of the impact you could have on your community.  Think about the values you could be teaching your kids.  Think about the fullness your own heart would feel.  Christmas is the season of giving.  But no one ever said that gift had to come in a box.

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Ever wonder why you need an Appraisal for your Refinance Loan?

May 6, 2010

It is known that when you purchase a home you will have an appraisal conducted to determine the value.  More specifically an appraiser analyzes the value of your home and property compared to surrounding homes of similar size and style that have sold in the past 6 months.  So why is another appraisal required when you are refinancing your home?

The end result of the appraisal report is a dollar value that is used to determine the maximum amount a lender is willing to loan you.  A refinance pays off your existing home loan and establishes a new loan.  Criteria used to establish a loan for a purchase are much the same for establishing a refinance loan.  Therefore the value of your home and property needs to be confirmed.

Also consider that in the time you have owned your home so far, you have most likely made some changes.  Those changes can add value to your home and property.  Market conditions can also affect your home’s worth.  Are housing prices increasing or decreasing?  An appraisal done for a refinance loan will let you know the amount of equity you now have in the home.  The point is, anytime a loan is established the value of the collateral involved must be determined.