Realtorolsen

4 - Fourth Important Lesson. - The obstacle in Our Path. In ancient times, a King had a boulder placed on a Roadway. Then he hid himself and watched to see if Anyone would remove the huge rock. Some of the... King's' wealthiest merchants and courtiers came by And simply walked around it.. Many loudly blamed the King for not keeping the roads clear, but none did Anything about getting the stone out of the way. Then a peasant came along carrying a load of Vegetables. Upon approaching the boulder, the peasant laid down his burden and tried to move the stone to the side of the road. After much pushing and straining, he finally succeeded. After the peasant picked up his load of vegetables, he noticed a purse lying in the road where the boulder had been. The purse contained many gold coins and a note from the King indicating that the gold was for the person who removed the boulder from the roadway. The peasant learned what many of us never understand! Every obstacle presents an opportunity to improve our condition.

http://www.utsandiego.com//2013/may/01/tp-home-prices-sur/

3 - Third Important Lesson - Always remember those who serve. In the days when an ice cream sundae cost much less, A 10-year-old boy entered a hotel coffee shop and... Sat at a table. A waitress put a glass of water in front of him. "How much is an ice cream sundae?" he asked. "Fifty cents," replied the waitress. The little boy pulled his hand out of his pocket and Studied the coins in it. "Well, how much is a plain dish of ice cream?" he inquired. By now more people were waiting for a table and the Waitress was growing impatient.. "Thirty-five cents," she brusquely replied. The little boy again counted his coins. "I'll have the plain ice cream," he said. The waitress brought the ice cream, put the bill on The table and walked away The boy finished the ice Cream, paid the cashier and left.. When the waitress Came back, she began to cry as she wiped down the Table. There, placed neatly beside the empty dish, Were two nickels and five pennies.. You see, he couldn't have the sundae, because he had To have enough left to leave her a tip.

American Dream of Owning Home Lives On, Even for Young Most in U.S. want to continue to own or plan on buying a house by Frank Newport http://www.gallup.com//american-dream-owning-home-lives-ev

http://www.reuters.com//us-housing-flipping-idUSBRE93H0OI2

Fee-laden FHA mortgages cost more than privately insured loans Source: Los Angeles Times On April 1, fees for low-down-payment mortgages insured by the Federal Housing Administration (FHA) rose for the third time in two years. The hike in fees serves a two-fold purpose: to help shore up the FHA’s sagging mortgage insurance fund, which is dangerously low; and to reduce the government’s footprint in the mortgage market.... Making sense of the story The FHA has always been the first choice of low down payment-borrowers who couldn’t meet the private sector’s more rigid underwriting standards. And, as the housing market descended, the FHA picked up the slack as private insurers backed out of the market. As of April 1, the FHA raised its annual premium by 0.05 percentage points to 0.1 percent, depending on the loan amount and the loan-to-value ratio. That increase is in addition to an earlier increase of 0.1 percentage points in the annual fee instituted in April 2012, as well as the hike in the upfront mortgage insurance premium, to 1.75 percent of the loan amount, up from 1 percent. Lenders require insurance, either private or government-based, on mortgages in which there is a down payment of less than 20 percent. Such loans are considered more likely to default than those in which borrowers have more of their money on the line. Currently, the FHA will allow borrowers to cancel PMI coverage once their loan-to-value ratio reached 78 percent of the original loan balance, and the borrower has made payments for five years. Starting June 3, the FHA will require borrowers to pay the premium as long as the loan is in force. In other words, the only way to stop paying PMI is for the borrower to refinance or otherwise pay off the loan. See more

Second Important Lesson - Pickup in the Rain One night, at 11:30 p.m., an older African American Woman was standing on the side of an Alabama highway Trying to endure a lashing rain storm. Her car had... Broken down and she desperately needed a ride. Soaking wet, she decided to flag down the next car. A young white man stopped to help her, generally Unheard of in those conflict-filled 1960's. The man Took her to safety, helped her get assistance and Put her into a taxicab. She seemed to be in a big hurry, but wrote down his Address and thanked him. Seven days went by and a Knock came on the man's door. To his surprise, a Giant console colour TV was delivered to his home. A special note was attached. It read: "Thank you so much for assisting me on the highway The other night. The rain drenched not only my Clothes, but also my spirits. Then you came along. Because of you, I was able to make it to my dying Husband's' bedside just before he passed away... God Bless you for helping me and unselfishly serving others." Sincerely, Mrs. Nat King Cole.