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See Before You Die

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Before you start looking for a home, figure out what you can realistically afford to pay per month. Check out the market in the area you want to buy. Find out what price houses are going for and what the payments are per month. Remember that you may end up paying a little more per month than someone with a conventional bank loan, so keep that in mind as you figure out what you can afford.



You are going to have to work harder to find a home you can get without a loan. You will have to shop around more. So, concentrate on your needs in housing before your wants. Make a list of the minimum that you will accept in a house. Only write down your essential needs. Do you have to have three bedrooms or can you make do with less? Do you have to have a two-car garage or will a carport do? Do you have to have a single story home for health reasons? How close do you have to be to a school?

Make a separate list of the things you want. Wants might include things like a pool or hot tub, a walk-in closet, wooden floors, a deck, or a certain type of architecture. It would be nice if you can find a home with some of your wants, but to begin with, concentrate on finding a home that meets your needs. Often many of these things can be added to a home later.

Also make a third list of things you absolutely do not want in a home, such as: too many stairs to climb, a fixer-upper, certain areas of town you dislike, a location too close to a freeway, or a location too far from the center of town.

You may not be in a position to be too picky. Perhaps you can make do with a smaller home for now, while you establish your credit and get equity in the smaller home. Then you will be in a position to trade that home in for a bigger home.

Re-establishing your financial footing is not as difficult as it used to be, but it is impossible if you attempt to buy more house than makes sense. Be conservative!

From the book "Buying a Home When You Have Bad Credit-- 12 Ways to Purchase a House When You Can't Get a Home Loan" by Alexis Dey. ? 2005-6 Mohave Publishing. All rights reserved. http://I-can-buy.com
See Before You Die
Whenever we talk to others about being overwhelmed, one of the first suggestions we hear is ?Delegate!? Well, if you've come to realize that it is something that you definitely need to do, take the steps to do it right. All too often, tasks are delegated with built-in obstacles that make it hard or impossible for the individual to complete the delegated assignment. In the end, everyone is filled with frustration.

Here are a few suggestions to consider before delegating your next task or project:

? Select the right person for the job

? Provide adequate training for the individual

? Empower them with the authority and resources to complete the job

Let's explore each of these points in further detail:

Select the right person for the job ? This is essential. It is absolutely pointless to select a problem employee to handle a high priority project. Consider both the individual's personal attributes and professional skills. A pleasant disposition is more important for a job that requires a lot of interaction than it is for a job that requires data entry and document review. The job should not conflict with the individual's primary function in your company. Here's an example of a properly delegated task:

SITUATION: Barb needs her best processor, San, to assist with new employee orientation and training. However, San already has a larger pipeline than anyone on the team. Additionally, San's husband began taking a college course recently and needs her to be home on time to care for the children. RESOLUTION: Barb met with San to see how she feels about the responsibility. San says she's excited about the opportunity to share her knowledge. With that in mind, Barb reviews San's pipeline to find 10 loans that are relatively simple and divides them among the remaining processors. Additionally, to make sure that the orientation and training project does not conflict with San's personal life, Barb puts her on the agenda early in the morning on her husband's school day so that she can leave on time.

Provide adequate training for the individual?Some delegated projects don't pan out because they were given with insufficient instruction or support. Forget about doing the crash-course training just before you delegate an assignment. It might get you through the moment but does little to inspire your team members. It is important to cross-train your staff on as many things as possible from day one. You won't have the time or patience to do so in your time of need. It's far easier to review or refresh on a topic that you've already exposed your team member to. Here's an example:

SITUATION: Kevin was hired to process loans for clients who served the sub-prime niche. He had no experience with other loans. When Kevin was trained, he was required to shadow a processor who handled other niches including A-paper and government loans. RESULT: When other processors were scheduled off, Kevin was able to step in right away to help with their pipeline. Kevin enjoyed the change of pace and increased his skills with each vacation fill-in.

Empower them with the authority and resources to complete the job?Don't delegate without providing the tools to get the job done. Nothing is worse than being on-hold with a delegated project because you weren't given what you need. Alert everyone who needs to know that the project is being handled by ?XX? and that they can feel free to interact with that person just as they would with you. This notification can be done by phone or e-mail. Additionally, provide as much supporting information for the project as possible including phone numbers, faxes, and exhibits. Provide for the necessary authorizations as far ahead as possible. If capital is required for the project, make sure you communicate how and when funds can be accessed. Here's an example:

SITUATION: Donna has been asked to meet with her company's regional partners while they are in town. She will give them an overview of the operation during the business day and give them a brief tour of the city after work. Donna is concerned because they are in the midst of their busiest time. Additionally, Donna expressed some concern about having limited financial resources and waiting on an expense account reimbursement. SOLUTION: Donna's workspace was relocated to a quieter area in the office. This would allow her to interact with the guests with fewer distractions. There was not enough time to add Donna to the corporate account so a prepaid Visa was obtained for her to use to cover meals and transportation for the guests. The visit went off without a hitch.

A few other important things to remember when delegating are:

? Communicate the deadline for the project

? Make yourself available for follow-up inquiries

? Give praise and recognition for a job well-done

These are just a few examples where a task was delegated the right way and handled successfully. Don't be afraid to let go. Delegating a task will free up your time for more revenue generating activities. And, the challenge of a delegated assignment may be just what it takes to give the star on your team a glow.
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About Author
Both Alexis Dey & Stephanie Graham are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Alexis Dey has sinced written about articles on various topics from Real Estate, Credit Loans and Finances. For more ideas on how to buy a house when you can't get a home loan, look for our exclusive FREE e-book, ?Buying a Home When You Have Bad Credit,? which can found only at http://I-can-buy.com. Check it out now!. Alexis Dey's top article generates over 110000 views. to your Favourites.

Stephanie Graham has sinced written about articles on various topics from Personal Finance, Real Estate. Stephanie Graham is a mortgage trainer, coach, and consultant with more than 21 years of industry experience. Stephanie's creation of the self-study workbook series, Loan Processor In-A-Box (LPIAB) has allowed her to enhance the careers of mortgage profes. Stephanie Graham's top article generates over 110000 views. to your Favourites.
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