Car Accident Settlements – How to Negotiate More Money With the Auto Insurance Adjuster

To get more money from your car accident settlements, you need to understand how to negotiate with an auto claims adjuster.Negotiating with an auto claims adjuster is tough. If you are unprepared, then you can end up losing thousands of dollars in your car accident claims.To begin you need to know…Who is the Car Insurance Adjuster?
The auto claims adjuster is the person who will evaluate what your auto accident settlement is actually worth.The auto insurance adjuster will:Collect and review the facts of your auto accident.
Check if you are covered under an auto insurance policy.
Investigate who was at fault for the accident.
Negotiate with you about your final settlement.
Write a check for your settlement. However, the main goal of the car insurance adjuster is to settle your accident claim quickly and cheaply. This is why the insurance company hires them and this is how it rates their performance. An insurance adjuster, who takes too long to close auto accident claims or is unable to get low car insurance settlement, is not going to make their claims supervisor happy.When you are negotiating your car insurance settlement, the two most important things you should focus on are…1. Never Rush to Finish Your Auto Insurance Settlements
The auto insurance adjuster will try to pressure you to settle your auto accident claim quickly. This is because the longer an auto settlement takes, the more money an insurance company risks of losing.You should never settle your car accident claims quickly. Even though you may want a quick accident settlement, to get your money faster and avoid the headache of dealing with the insurance companies, you will only hurt yourself in the long run.Getting a quick auto insurance settlement will not help you, if you don’t take the time to get accurate car repair estimates. A quick settlement will not help you, if your car accident injuries are not properly diagnosed and treated.These things will end up costing you a lot more money in the long run. Settling the claims quickly helps the insurance company, not you. So take your time analyzing your accident claims, speaking with doctors, getting multiple car repair estimates, and fully recovering before closing your auto insurance settlements.2. Never Accept the First Car Accident Settlement Offer
It is a common practice amongst auto claims adjusters, to give you their lowest settlement offer first. Remember, the claims adjuster’s job is to save the insurance company money, not you.The low settlement offer helps the auto claims adjuster see how desperate you are to settle. If you take the first offer, you will have missed out on a lot more money from your auto accident settlements. This is because the auto claims adjuster always has more money to negotiate with. The auto claims adjuster is given a settlement range to work with. This settlements range, depends on the how experienced the auto insurance adjuster is.For example, a relatively inexperienced adjuster may be given a range of $5,000 to $10,000. While a more experience adjuster may have $10,000-$25,000 to close a claim with.You most likely won’t know the car accident settlement range of your adjuster, but you should never accept the first offer.These are some of the most common negotiating tactics, used by the auto insurance adjuster, to lower your car accident settlements.

The Real Estate Investor’s Creative Financing Ideas

Finding Financing – Creative Ideas

For many years, the way to finance real estate was to make a 20% down payment, and get a loan for the remaining 80%. Of course you could make a higher down payment, but 20% was typically the minimum. Luckily, this standard has changed.

There are now several finance options available to the real estate investor. One popular way to finance your purchase is to have a second mortgage. The buyer makes a 5% down payment, and borrows the remaining 15%, usually at a higher interest rate, on a different loan.

Even though it’s nice to invest less on a property, the higher interest rate isn’t the only drawback. Usually, if the buyer does not meet the 20% minimum, they are required to get costly private mortgage insurance (PMI).

You are able to remove PMI when the loan-to-value (LTV) ratio reaches 80%. This is achieved by paying down the second mortgage and appreciation of the property value. This does not happen often because the property is usually sold or the buyer refinances before PMI can be removed.

For creative investors, other financing sources exist. Manufacturers of homes in planned developments are often willing to provide financing to early buyers.

Another risky and rather complicated way of financing a property is called ‘sub2′ which stands for ‘subject-to’. This type of deal is when the seller gives you the deed to the property, the loan stays in place, but the buyer never legally takes over the loan, just the payments. There are many different versions of this kind of transaction. Because of the complexity and risk, this method of funding an investment is not recommended for beginners.

You can also consider forming a limited partnership to finance your real estate investment. There are many different arrangements on this method. Some types involve each person in the partnership contributing in a portion of the cost, usually 50% each. However, sometimes the profit is distributed relative to the original amount invested. Another arrangement is that one half of the partnership contributes the capital, and the other half provides the needed services, such as repairs on a home that needs to be fixed. There are many different variations of this method.

How about the Lease Option? The lease-option allows a potential investor to lease the property and have some, or all, of the lease money applied to the purchase price if the potential buyer exercised the option to purchase. The investor then sub-leases the property with the option to buy or just rent it out.

In a conventional lease with option to buy, the seller charges the buyer a nonrefundable fee for the option to purchase the property at some agreed-upon point in time. The amount can vary depending on how eager the seller is to sell and the size and quality of the house. Typically, the higher the fee, the better the buyer maintains the property.

Because the lessee has made no down payment, the monthly rental fee is typically higher than prevailing market rates. The two parties agree on what portion of the rent will be applied to the down payment. Any amount can be credited.

Government loans are available to low income investors, or buyers who have served in the military. These programs are usually only available for primary residences.

Did you ever think about buying a home on a credit card? This is another method of financing your real estate purchase, although it’s usually not recommended. Obviously, the interest rates on most credit cards are substantially higher than loan rates. Another drawback is that lenders determine your creditworthiness based on your outstanding debt, and if you use credit card cash advances to cover the 5-20% down payment that you need, you’ll probably get turned down for a loan. This is also true for money borrowed from friends or family, unless you can show that the money is truly a gift.

Getting Mortgage Loans With Bad Credit: How to Maximize Approval Chances

For anyone with low credit ratings, it comes as very good news to learn that this is never the element of a loan application that causes it to be rejected. There are other factors and, as such, ways to prepare and ultimately improve the strength of an application. Even when seeking a mortgage loan with bad credit, approval is possible.Lenders look for specific pieces of information in a mortgage application, information that will lead them to the conclusion that repayments are probably going to be made without a hitch. But with bad credit ratings an element of the equation, securing mortgage approval is going to involve the lender getting a gentle nudge towards confidence.There are a few simple steps that can play a big part in that, and with enough planning and preparation, the mortgage loan needed to buy your new home can be yours.1. Get The Numbers RightThe first place to start is to get your numbers in order, otherwise known as careful and accurate budgeting. There is no point in applying for a mortgage loan with bad credit if the lender is unable to afford the repayments. So, get to know how much in monthly repayments can be comfortably afford before submitting an application.Make a list of all of the existing debts that have to be paid each month, including current personal and other loans, outstanding utility bills, credit card balances, and regular household and daily expenses. When these are calculated, then the amount of excess income is known, making securing mortgage approval easier in the long-run.Remember the debt-to-income ratio that lenders adhere to strictly. It states no more than 40% of income can be used for loan repayments. If the amount of debt is already near the 40% limit, then it may be necessary to lower the existing debt before applying for the mortgage loan.2. Lowering Your DebtWhen it comes to applying for mortgage loans with bad credit, it is worth noting that lenders understand a low credit score is no indication of foolish money management. And if there are clear signs that the low score has been approved, then the lender are happy to take that into account when assessing the application.The amount of existing debt an applicant has has a definite influence on the debt-to-income ratio. So, if some of the debt can be cleared, the ratio can be made better. This in turn can lead to securing mortgage approval. Cutting the debt can be done most efficiently through a consolidation loan, clearing the debt in one go and so improving the credit score fast.With better scores come lower interest rates, better terms and a more manageable monthly repayment schedule. And with the extra cash that is freed up, repaying the new mortgage loan is made all the easier too.3. Cutting the Mortgage SizeFinally, a very useful strategy in securing approval for a mortgage loan with bad credit is to actually reduce the size of the required loan. Admittedly, this is not an easy thing to do, but it can be done by making a larger down payment.If 10% of the purchase price of the home is put down, instead of the usual 5%, then the amount needed to complete the purchase is obviously reduced. For example, with a $200,000 home, it would mean a $180,000 mortgage instead of a $190,000 mortgage.This has a very positive influence over securing mortgage approval because it lowers the principal borrowed, and therefore the monthly repayments. This makes the mortgage loan all the more affordable for the applicant, which in turn removes one of the chief impediments to approval.
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