Think You Can't Get a Mortgage?

You've finally found that dream home that you have always been searching for, but you are afraid to apply for a mortgage because you have bad credit or less than perfect credit.

Before you give up entirely, there are many mortgage programs that are geared towards people just like you. Here's a short guide to finding the best one.

The first step in getting a home loan is to find out what your actual credit score is. This will help to protect you against lenders taking advantage of you because of your poor score. Some companies may try to charge a higher interest rate than the applicant's score actually warrants, so being prepared is very important. There are many services to help you find and manage your score, so take advantage of them.

Once you know your score, you can then begin to look around for the best mortgage program. Generally speaking, lending agencies categorize credit scores based upon a ranking system. The A- category is for those with the best credit; the D-category is for those with the worst credit history. But even if you fall into the last group, you should be able to find a mortgage scheme.

There are companies that will work with you, regardless of whether you have tax liens, judgements, charge-offs or collections. Many of these companies will probably assign you a higher interest rate than those with good credit, and perhaps even require you to put down a larger deposit on your home. On average, those with poor credit histories are only able to finance approximately 80% of the total asking price, so you will be required to put down the difference.

Even if you have a history of bad credit, or county court judgements levied against you, you should find a mortgage lender who will be sympathetic towards your individual situation.

You Can Bank Online

It used to be that banks were service suppliers who were unfastened late and made their money by investment the money you deposited with them. For depositing money with them, they would pay you a small spot of interest.

The times, they are a-changing!

How modern modern times have got changed! Nowadays, you will be lucky to happen a bank that's unfastened when it's convenient for you. Nowadays, you will be lucky to happen a bank that doesn't charge high service fees which are always much more than than the interest you earn.

So what can you do, since banks are a necessary evil?

New and smaller banks are emerging to fill up the spread where larger banks have got been failing consumers for years. In response to that, larger banks are beginning to travel back into a service-oriented exemplary of doing business by expanding their hours.

Before selecting a bank, be certain to shop around. Here are some ways to salvage money on your banking:

1. Get your banking online rather than at the branch. The fee is are much lower!

2. Stop authorship checks. Most banks charge a fee for every tekki right. And most companies, like the 1s you pay monthly bills, well except other methods of payment, such as as online or direct withdrawal.

3. Some banks give you a fillip or a credit based on holding a minimum balance or by using their credit card for purchases or by using three or more than of their services (mortgage, line of credit, and bank account, for example).

Small banks are still okay

The bigger banks may have got got been around longer than the smaller banks, but banks still have to follow with federal banking regulations, which intend banking at a smaller, service-oriented branch can be just as safe. And they may even be guaranteed by the federal authorities if they travel bankrupt. If you're deciding to switch over from a larger bank to smaller bank, check with them on any federal warrants they have.

It's your money. Don't allow the banks take it from you! Fight back by actively looking for a bank that have lower fees and better service. Or, if you don't desire to switch, you can manage you fees by examining the services they supply and altering how you pay for things.

Tips for Investing

Many people desire to take advantage of the chance to put as a manner to supplement their income, but few people have got got the knowledge or the clip to supervise pillory and they are loath to pay the high fees associated with full-service brokers.

As well, most people cognize that a diversified portfolio is the best-performing portfolio, but few people have the huge capital it takes to properly diversify a portfolio made up only of stocks.

One option for those people is to purchase common funds.

A common monetary monetary fund is a pool of money from a number of investors and it is given to a common fund manager to travel out and purchase a good choice of diversified, well-performing investments.

There are many different types of common funds, so there is something out there for everyone. If you like bonds, for example, you can purchase a common monetary fund made up just of chemical chemical chemical chemical bonds and its tax return is probably better than most bonds available on the market today because they utilize a laddering conception to purchase and sell bonds strategically. The income from this monetary fund come ups from the interest paid on the bonds. These are called fixed income common funds.

If you like stocks, there are many common finances available for you to consider, from riskier 1s to safer 1s to finances that trade primarily in overseas marketplaces. You will likely happen a common monetary fund that lucifers your hazard tolerance, gives you a good return, and supplies you with some diversification. The income from this monetary fund come ups from purchasing it the pillory low and merchandising them high. These are growing common funds.

Some of the consistently best-performing common finances are finances that are a combination of fixed income and growth. These are called growing and income common finances and they compound bonds, dividend paying stocks, and growing pillory altogether in a diversified fund. The income from this monetary fund come ups from a combination of chemical bond interest, dividend payments, and growth-style selling. It is an first-class pick for putting in your portfolio. If you can only afford one common fund, this is probably the monetary monetary monetary fund to purchase.

Whether you are trying to avoid the fees of a full-service broker, or are trying to put wisely with a little amount of clip you have got in the week, or are simply trying to diversify your portfolio, a common fund is an first-class choice. And a growing and income common fund, is usually the best choice.

What's more, common finances are professionally managed, which intends you don't have got to pass your twenty-four hours observation stock terms travel up and down. The common monetary fund manager makes that for you. He or she watches the individual stock prices, do adjustments, and directs you a report on a regular basis.

Tips for Avoiding Foreclosure

Foreclosure can be a annihilating change in your life. If you lose your mortgage payments, you could be in danger of foreclosure: you'll have got got got to travel out of the home you have worked so hard to own.

Here are some ways that you can avoid foreclosure.

* Set up your mortgage payment on direct sedimentation from your bank account and arrange an overdraft, just in lawsuit you have a tight month.

* Associate In Nursing emergency account is a good idea, but not very practical for most people. The money they salvage in that account is often better spent on the necessities of life. Set up an emergency account but without any of your ain money; make this by arranging a personal line of credit or borrowing account which will cost you very small if you don't utilize it, but if you need it it's there and can be substantial.

* Maintain a good credit rating. If you lose a payment or two and person is considering delivery a foreclosure judgement against you, they may be less likely to make so if you have got shown that this is a singular form incident and quite uncommon to your typical on time payment. On the other hand, if you lose your measure payments on a regular basis, they may not give you the second opportunity you want.

* If an emergency strikes, instead of paying your mortgage with your credit card or going to those high-priced loan places, seek asking a trusted friend or household member to supply you with a low interest rate bridge loan to assist you through your tough spot. Be certain to a wage them back promptly.

* If you happen that foreclosure is imminent, your best hope is for a foreclosure sale, the return of which will pass over out your judgment. Spend some money to beautify your home with a paint occupation and a thorough cleaning, which will increase what you get for your home and could minimise or eliminate the difference that you'll have got to pay.

No 1 desires to lose their home. There are strategies to avoid having a foreclosure judgement brought against you. If you follow these strategies and manage you money carefully with a budget, you should be able to enjoy your home as you long as you want!

Stocks Or Foreign Exchange - Which One?

Many people would wish to put in pillory or Forex but are not really certain of the difference between the two and don’t cognize which is the right pick for them. There is small uncertainty that there are many options out there for you. But, it is hard to state which the right pick is until you garner some information about them and then do the right choice.

Stocks? Forex?

Stock trading is similar to owning portion of a company or organization. You purchase the pillory so that the company can then utilize this money to reinvest to increase their profits. Most people cognize about the stock trading market and have got a basic apprehension of how it works.

On the other hand, though, not many recognize what Forex trading actually is. Forex trading is a type of investment that deals with currency trading. In its basic form, you cash in United States dollars for the currency of another country. You cash out when you do a net income or to cut your losings short. The Forex market is a truly planetary marketplace where millions of dollars are traded everyday. Here, you can do a batch of money and lose a batch of money fairly quickly.

Making The Choice

Forex trading is a relatively new method of investing. It is a good pick for person who is willing to take greater hazard for a greater reward. In stock trading, you can do smaller net income in the short-term and only in the long-term can you do a important profit.

It is often wise for the novice to dabble in pillory trading before looking at Forex trading. It is an first-class manner to get your feet wet without a whole batch of risk.

Nevertheless, it is of import to observe that anyone that is a novice in the field of investings should pay close attention to inside information here. It is of import for both types of investings that owed diligence is paid in order to do any money. Survey both word forms of investings and make some paper trading. This simply intends you do determinations to purchase or sell but don’t set any ‘real’ money down. The cardinal here is to track consequences like you would make for a ‘real’ trade. Initially, you will do errors so, travel easy on yourself. With experience you will begin to do net income on a consistent basis. When this happens, start putting some money on your trades.

Good fortune with your investing efforts.

Buying Foreclosed Properties: Important Pitfalls

Many people have got started looking at foreclosed places as a new, cheap existent estate investment. Properties at foreclosure sales often sell at a significant discount, so you can get a very good deal in many cases. There are respective problems you have got to watch out for, however, so be careful.

First, you need to cognize the status of the liens on the property. You can’t just travel in command and anticipate that you’ll come up out owning the property - you need to cognize who have initiated the sale and what your state law is regarding junior and senior liens. Many houses don’t just have got got a single mortgage - they will have been used as security for multiple debts. A batch of would-be investors get burned this manner - they purchase a house for what they believe is a good price, only to happen out that there is still a large debt outstanding which they either have got to pay or lose the house to yet another foreclosure sale. You’ll need to make a statute title search to happen out whether there are any other loans, and you need to be familiar with state law on this subject.

Second, you should watch out for houses which you cognize nil about. Don’t just hotfoot in command based on the listed information - that’s the biggest fledgling mistake. You need to cognize something about the property and it’s status - remember, the current individual life there have just lost their house. They often don’t think twice about detrimental it, and their anger at the bank can ensue in financial losings for you.

10 Reasons for Selling

During your investing career, you will do these two transactions; buying and selling. Buying requires knowing the fair value of a stock and then compare it with recent price. If recent stock price is 10% below fair value and an investor does not mind getting a 10% return, then he should buy the stock. If not, he can then move on to other stocks.

Selling, however is not that simple. Sometimes, investment do not go the way you want it to be. Your prediction may not be accurate. Furthermore, your time frame may be longer than you expected. Here are ten different reasons investors might sell a common stock:

Need the money. This generally happens due to improper planning. However, things happen. Even the most carefully planned strategy may not work. Catastrophic events such as Hurricane Katrina or Rita may force investors to sell an investment if his household is affected by it.

The book is unclean. When management left their post abruptly or when the Securities of Exchange Commission (SEC) conduct a criminal investigation on a company, it may be time to sell. Your assumption may be inaccurate as a lot of fair value calculation is based on the company's balance sheet, cash flow or other financial statement published by management.

Takeover news. When one of your stock holding is getting bought by other companies, it may be time to sell. Sure, you might like the acquiring company but you still need to figure out the fair value of the common stock of the acquiring company. If the acquiring company is overvalued, then it is best to sell. A good example would be the purchase of Time Warner by American Online (AOL) in 2000. At the time, AOL share price was way overvalued with Price Earning ratio of 100.

Taking Profits Off the Table. Your stock has risen 40% from your purchase price. Your fair value calculation indicates that the stock can rise 10% more. Should you sell? Sure. After all, the goal of every investor is to make money. If you feel that you need to get something off the table, then by all means do it. I am not going to be naive and assume that you should wait for the stock price to rise 10% more. Remember that stock price goes up and down and that fair value calculation has some degree of uncertainty. Would you risk your 40% gain for an additional 10% return? I probably wouldn't.

Other Investment Opportunity. Let's say you bought stock A and it has risen to 10% below its fair value. Meanwhile, you had watched stock B fallen to below 50% of your calculated fair value. This is an easy decision. Go Ahead! Sell your stock A and buy stock B. Our goal as an investor is to maximize our investment return. Sacrificing a 10% of return in order to earn a 50% return is a sensible way to do that.

Inaccurate Fair Value Calculation. Let's face it. People make mistakes. As investors, we sometimes made errors in our fair value calculation. There are factors that we might not take into accounts when researching a particular company. For example, Merck & Co Inc. will have a higher fair value if we dismiss the potential Vioxx liability that some say to be as high as $ 50 Billion. But doing further research, we know that Vioxx liability does exist.

New Competitors with Better Products. When new competitors sprung up, the company that you hold might have to spend more money in order to fend off competition. Recent example include the emergence of pay-per click advertising by Google. If you are in the advertising business such as newspapers or cable network, this new product by Google might hurt your profit margins and eventually the fair value of the stock.

Exodus of Talented Employees. Talent is an asset. Yet, it does not appear on the company's balance sheet. Companies that rely heavily on intellectual products need to keep their employees happy. They are prized assets. When employees defect, it will affect the company's future earnings. Lower future earnings means lower fair value for the common stock. A recent example include several Microsoft key employees defecting to Google.

Not having a valid reason to Buy. When you don't know why you bought a particular stock, you won't know how much your potential return is or when you should sell it. This is the easiest way of losing money. When you have no valid reason to buy, you should sell immediately.

Stock Reaches Fair Value. This is the easiest part of the problem. Yes. We should sell when a stock reaches its fair value. It is the main reason why we chose to buy it on the first place.

Are You Afraid to Start Investing?

"It is not because things are hard that we make not dare, it is because we make not make bold that things are difficult!" Lucius Annaeus Lucius Annaeus Seneca (5 B.C. - 65 AD)

If you're just starting out as an investor, doesn't matter your age, it's kind of scary!

You cognize you're supposed to make something with your money, but what?

Where make you really begin and what's considered safe?

First ... Relax!

Don't believe you have got to cognize everything today. It takes old age to understand investing, and no 1 fully cognizes exactly what's happening all the time.

So you're not alone if you're feeling a small flooded and under-informed. Eventually you will do investment determinations with as many facts as you can piece but you have got to recognize that you can never really cognize everything.

The best portion of investment is to learn to dwell with the anxiousness of the unknown!

There are always nay-sayers who will state you that investing is for professionals, or that the market is too high, or that it is going to crash!

The first statement is false! The second is relative depending on a clump of factors and the 3rd is always a possibility depending on how you define crash!

If the Index travels to 10000 and "crashes" back to 8000 and you invested at 7000 you have got not really suffered! Are this a crash?

Well, that depends on how you define crash. If you bought pillory at 10000, and sold at 8000, then you have got got got got got got got experienced a "crash."

If you bought and held on, or used down market strategies that you have learned to hedge your investment, then you have not experience a crash.

You have experienced an educational event!

And if the market retrieves and travels to 11000 and you stayed the course; you have made some good money.

The point is that in order to understand the investing human race you have to get started, and in order to get started you have to make the committedness that you can accomplish your goals.

In order to accomplish your ends you must learn about the markets and put some of your income to get to where you desire to be.

It is as simple as that!

You can seek it and opportunities are that you will be happy when you get to a point a few old age down the route and expression at your brokerage account, you will state ...

"I did that and Iodine am proud of it!"

So, don't listen to the bad vibe discouraging people. Most of them were saying the same things when the Index was at one-half the size it is today!

Investing-Are You Ready?

What is my investment goal?
How much time do I have to attain this goal?

Methods of saving for a down payment on a house differ greatly from saving for retirement. The reason for this lies in the factoring of time. Over short periods of a few years, individual companies and the stock market as a whole can experience dramatic fluctuations which in no way represent longer-term trends. Because of this possibility, a smaller percentage of your portfolio should be allocated into stocks as the time for cashing in your investments draws near. Conversely, the longer the time period you have to invest, the more aggressive your portfolio should seek higher returns.

How much do I initially have to invest?
How much can I afford to consistently add later?

Einstein described compounding as “The Eighth Wonder of the World” and for good reason. Being able to earn interest on your interest allows investments to increase exponentially faster than with simple interest. A one-time investment of $5000 earning 10% interest compounds to a total of over $54,000 after 25 years. Using simple interest, it would take over 95 years to reach the same amount. Naturally, the larger your initial investment and the more you can afford to add later on, the more you can expect to gain in returns.

Am I carrying any high-interest debt, such as on a credit card?

Before saving for future events, you should consider your present finances. Paying off any high-interest loans function as an “automatic” return. Writing a check to Visa to pay down your debt may not feel as satisfying as starting a nest egg, but by eliminating those 22% interest payments, you have effectively “made” a 22% return. Although you need not completely eliminate your debts, getting such payments into a reasonable area should be a more pressing priority.

This fiscal reckoning is also a good time to examine budgeting and expenditures. Look for unneeded or overpriced purchases, and consider the feasibility of paring them down and saving the extra money. Unused gym memberships, that $5 whipped mocha-hazelnut cappuccino, and extra cable channels all add up. The true cost of these and all other purchases involves understanding the “time value of money”, but for now it should suffice to say that $5 added to the previously mentioned investment account compounding 10% for 25 years turns into $54.17.

What is my risk tolerance?
What will my investing style be?

These questions lead us to selecting individual investments. Consider your investment timetable for when you’ll need the money, recognizing that more conservative selections should be made the shorter the window. Everyone’s risk tolerance is different; while one person may feel comfortable with small-cap biotechs another may need a blue chip to feel equally sound.

Analyzing the risk to reward ratio here is a good first step. The more risk you take on, the more you should expect to get in return if your investment pays off. The inverse is also true: the more stable an investment, the less return one should expect. Government-backed I Bonds pay over 6%, but involve tying up money for years in order to fully benefit from them. While this gives you one target, the average return of the broader market indices is about 11% per year. There are two primary schools of thought about investing: growth and value.

Growth

Growth investing is a higher-risk strategy which focuses on finding smaller companies poised to rapidly grow earnings. Stocks here tend to be micro-caps or small-caps, and the occasional mid-cap (under $10 billion). In their younger lives, many of the well-established companies of today found themselves considered here (Think of Apple Computers (AAPL) or Starbucks (SBUX)). Growth companies can be found in many different sectors, although such companies often have similar traits. A growth company usually has a unique product or service to offer which can fundamentally change how business is done. When found early enough in their growth cycles, these companies have the potential to return enormous profits to investors.

Value

Value plays usually are found in larger companies, although the strategies used to find them can be applied to smaller corporations as well. Looking for value stocks is similar to looking for values in a store: find a good product at a price below what you would normally expect to pay. These bargains are often found in the form of companies which have been unfairly beaten down through overselling. Finding value stocks usually involves using a discounted cash flow model (DCF) to find a company’s intrinsic value. This is the form of investing advocated by Benjamin Graham, and popularized by Warren Buffett.

GARP

GARP, or Growth At Reasonable Price, is a combination of the above forms. As the name implies, the focus is finding growing companies trading at reasonable prices. Quick measures of this include the PEG ratio (Price to Earnings to Growth) and Forward P/E. Although not a specific style, GARP is utilized by many investors because of its flexibility. The average, diversified portfolio will have many GARP-type stocks in it.

Once you know your goals, the amount your going to invest, your relatively debt free and know your risk tolerance it's time to look at the market and start thinking about selecting stocks.

Getting Started: Learning the Market and Selecting Stocks

If you were going to spend several thousand dollars on a refrigerator or television, you would thoroughly research the market for those goods to find the product which best suited your needs. Investing is no different. Before buying into a company, you should be well-acquainted enough with it to give a short presentation. Knowing the basics of how a company operates, what it sells, how it makes money, how much money it makes, and what kind of growth the company is expected to experience are all crucial questions that any investor should be able to answer.

Developing a better understanding of the stock market is a long, but hopefully rewarding, process. Immediately investing in stocks with real money, however, is equivalent to taking a test without being introduced to the material. Formerly called “paper trading”, beginning investors would normally spend several months tracking their stock picks without having real money on them.

Thanks to technology, you can now find sites that automate (for free) the process of tracking price changes for you on the internet. Simulated investing is a risk-free way of beginning to understand market fluctuations and the forces driving them. Examining these trends will payoff in the future, as an increased understanding of the stock market can only help you on your path to building wealth.

Once you become comfortable picking your own stocks, you can still continue to “paper trade” online, as it offers the opportunity to explore and experiment with other investing styles. Gordon Gekko, the famed villain in Wall Street played by Michael Douglas, said “Information is the most valuable commodity I know of”. Ignoring for a moment that the movie ended with indictments for insider trading, the statement is true: you will not regret being an informed and intelligent investor.

The market is constantly changing, but by learning the ropes of investing you too can pull off a “One Up on Wall Street”.

A Penny for Your Stocks

According to Investopedia Inc. the penny stock market have seen phenomenal growing this past decade. From ’94 to ’03, the Over-the-Counter Bulletin Board trading volume increased an dumbfounding 8900%, equaling a sum of 63% of the NASDAQ and 78& of the New York Stock Exchange share volumes. Many an investor have succumbed to their Siren song.

It isn’t hard to see why. Penny pillory are usually traded in tons of 1,000 and, as the name suggests, are bought (and sold) at incredibly low prices. There is no functionary terms cut-off, and differences of sentiment range from shares trading under $1.00 all the manner up to $5.00. Others separate according to the market that they are traded on (the OTCBB, OTC or “Pink Sheets” for example). Yet others designate pillory as penny pillory based upon their market capitalization, or the value of each stock multiplied by the sum number of outstanding shares. Regardless of the specifics, a general regulation uses to all penny pillory – they are a very high hazard investment. Inversely, there’s also the possible for staggering rewards.

But for every pot of gold at the end of the rainbow, there are thousands of drops and pitfalls along the way. The hazards and dangers of penny pillory are many. In the stock exchange, there is a “best price” precedence given to orders of a higher terms than yours if you’re purchasing or a lower terms if you’re selling. Combining this precedence with what is very often low volume trading intends there will be modern times when you happen that your orders cannot be filled. In addition, there will be cases where you will have got to settle down for partial order fulfillment. And these are just dangers faced when your stock is performing well.

Penny pillory come up from companies that are often less than credible, and unlike some of their more than expensive cousins, can happen themselves swayed by the powerfulness of rumors. Press releases, intelligence stories, widespread whisperings and even online forums and chat-rooms can be responsible for dramatically influencing their performance. This volatility makes two considerable challenges: 1) a high potentiality for strategies and cozenage artists; and 2) the inability to utilize traditional stock charting methods with any existent effectiveness. It travels without saying that this isn’t A market for the faint of heart.

Real Estate Management Firms: Make Your Investment Easier

For those who want to invest in real estate, the biggest factor working against it is the substantial investment in time. Running a property can run you ragged - you have to fix it up, manage the tenants, look for new tenants, and generally do all the things you would have to do as a homeowner. Getting a management firm to run the property for you can save your time and enable you to make more investments in real estate.

Property management firms are businesses that will operate your property for you for a percentage of the rent. The standard is around ten percent, which can be a very good deal if you want to invest in a lot of properties. The firms will do all the essentials of property management - you won’t ever even have to talk to the tenants, they will find them for you. If you’re not a home repair expert, it’s often cheaper for them to be in charge anyway - they will manage enough properties to have a full time staff to handle repairs. For you, it’s a good deal because it lets you own many more properties than you could otherwise manage, and in many cases, the rent payments will cover both the mortgage and the property management fee.

So how do you find a property management company? Many realtors do it on the side, for one, and if they’re affiliated with a larger company it can give you more security and safety. Often you can just check the yellow pages, or call a realtor and ask them to hook you up with one.

Global Banking Forced to Favour the Customer

Banks worldwide are offering more than than and more new services that aid the client understand and program for their future. The bank or financial establishment is nil without the client and finally the client is reaping some of the rewards. Visitors to http://www.choosingabank.com tin happen out about the best financial institutions, choices, options and the best competitory rates – interest both on loans and term deposits.

With healthy agnosticism … surely this is not for the benefit of the client but really illustrates the need for banks to get competitive. The 10 most successful (profitable) banks in the human race listed below show their clear net income for 2003:

Citigroup 20 billion

Bank of America 15 billion

HSBC 10 billion

RBS 8 billion

Wells Fargo 7 billion

JP Morgan Chase 7 billion

United Bank of Swiss Confederation (UBS) 6 billion

Wachovia Bank 5 billion

Morgan Stanley 5 billion

Merrill Lynch 4 billion

So with money and large business like this Banks are becoming more than than than than than and more competitory and more and more client focused.

New Services include:

Flexible and Adaptable Home Loans offer competitory interest rates and more options for first clip buyers. Banks trust heavily on the interest that is made on loans as well as investment our ‘banked’ money. So it’s great to see that the client is being treated with the financial regard that they deserve.

Another great service that banks are offering is low credit card rates and the chance to consolidate your other credit card debts. Some rates are as low as .99% for the first few months.

The new client service policies that the Banks are introducing are also much more than user friendly, with all information and terms and statuses in multiple languages and also in basic English. Banking clients are finally having a say and a greater apprehension as to what haps to their well earned money.

There are respective different types of banks – not just your local 1 at the end of the high street.

Central banks usually command pecuniary policy and may be the lender of last vacation spot in the event of a crisis

Investment banks subvent stock and chemical bond issues and counsel on mergers

Merchant banks engage in trade financing

Private banks manage the assets of "high network worth" (rich) individuals

Savings banks compose mortgages exclusively

Offshore banks are banks located in legal powers with low taxation and regulation

Commercial banks are otherwise undistinguished

Banks are now merging and offering a greater service to the small customer. There are huge advantages to banking now … but maintain abreast with what’s going on – what’s on offer and you could salvage literally thousands of dollars!