Relaxation

Every now and then go away,
have a little relaxation
for when you come back
to your work
your judgement will be surer;
since to remain constantly at work
will cause you to lose power
of judgement…

Go some distance away
because the work appears smaller
and more of it
can be taken in at a glance,
and a lack of harmony
or proportion
is more readily seen.

LEONARO DA VINCI

Things your Mobile Phone Can do.

One Emergency:

The worldwide emergency number for a Mobile is 112. If you find yourself in an out of coverage area of you mobile phone; network and there is an emergency, dial 112 and the mobile will search any existing network to establish a connection for you. This number can be dialled even if you keypad is locked. Check it out.

Two: Locked your keys in your car

This seems to work for cars with remote keyless entry and may come in handy someday. If you lock you keys in the car and you have a spare at home, call someone at home on their mobile phone from you cell phone.

Hold your cell phone about a foot from the car door and have the person press the unlock button, holding it near the mobile phone on their end. Your car will unlock, Save someone driving to you. Distance is not an issue. You can be hundreds of Km away.

Three: Hidden Battery Power

Imagine your mobile battery is low and you need to recharge it. Well activate the reserve battery power by typing *3370# on your mobile. It will restart on this reserve power and it will show 50% increase in the battery power. This reserve will get charged when you next recharge the mobile phone.

Four: How to disable you stolen mobile phone

To check you mobile phone’s seriel number, key in the following digits on your phone: *#06#, a 15 digit code will appear on the screen. This number is unique to your handset. Write it down somewhere and keep it safe. When your phone is stolen, you can phone your service provider and give them this code. They will then be able to block your handset rendering your handset useless even if they change the SIM card.

Mossyy05

Now I must explain myself as to why I call my blog, Mossyy05. You see that is when I began my dive into virtual space so to speak. In 2005. I have found many new ideas and some very interesting people since then. But why is it that the blog only it seems to be started only in 2009. Well the answer is that I have not been blogging that often and have been content to follow and see what people are up to and all the many interesting ideas that they have been coming up with since then. I find it dificult to write about something and generally do not blog but love to learn new things and meet new people in my life. As I grow older I seem to have lost a lot of that inclination to get down and put my thoughts into word. It seemed so easy when I was younger. Life flowed for me. My life has been mixed up to now and is not very interesting. Comparing from some of the people who’s blog’s seem to be filled with so many ideas and thoughts. I compliment them all and wish them well in all that they do and strive for. We need more interesting people out there and I am glad I have found many of them.

Slow Process

Well after 3 weeks the story from the agent has now changed that it was a broker that was delaying the process. This particular broker did not seem to be processing or passing out the relevant information when required. I now have to wait until tuesday as the approval has been completed but the valuation is to be done Monday or Tuesday. Seems like the same story all over again. Patience being the mother of virtue I am slowly losing that mother all the way out the door. What would you do if you were in such a situation? I am at a lost and have to be patient.

Slow Process

Imagine waiting for a bank to approve your loan and then getting it (in-principle) but being made to wait up to 3-4 weeks or longer to get it approved in writing. This is not happenning to me but I am sure is happening to a lot of people out there at the time of GFC (Global Financial Crises) in Australia. Do let me know if you have the same sad tale. 

I am not much of an expert at the world of financial instruments but If you applied for a loan in days gone by, banks (in Australia) would review your net worth and paying power, if you are working full time(a plus) your loan would be approved in no time(1-2 weeks). The banks valuer would then drive down to the house that you are seeking to buy or build and see that indeed there is a house and land on the said site. The valuer would then reply to bank with a valuation most likely compared to the councils valuation.  The banks I would assume would then do their final checks and balances (100 points) perhaps and approve the loan. A fairly straight forward process.

Well with the GFC this does not seem to be so anymore as all banks are now  overly cautious in approving loans it would seem. I have been told that most of the big 4 in Australia are very slow in granting written approval although they have stated in principle approval to a customer. The catch comes when they now send their valuer. Yes blame the valuer. For one sale it is now 3 weeks and getting longer since the bank in question(Commonwealth Bank – I believe) said yes to the approval but has to wait for the valuation(still not done) before it grants written approval. The other banks are no better with NAB taking just as long but in a shorter time frame.

There are plenty of buyers out there I understand and from what I see on the news each night the property market is doing very well. In some areas better than average. Now if these buyers(first home or otherwise) hit a snag (banks taking a long time to grant written approval to a loan) will that not drive the market down. Lending then becomes difficult as buyers and sellers either quit the process or hold on until approval which can take anywhere from 1 to several weeks. They cannot it seems give you a date for that approval to come through. It can thus takes weeks if not months to approve a loan.

So what happens to the 60 days in which the loan process is to complete within? Does this now become 90 days or 120 days? What I would like to know is you have a buyer who is in a stable job and is able to meet all loan repayments why are the banks hemming and hawing in approving the loan?

If they need to do a 200 points check I can understand. If they are cautious, that is good, but surely the process can be no different from before. If anything there are fewer buyers than before to process hence less work for the banks. Ahh! but maybe the banks have less staff to process the loan as well having had a staff strenght evaluation exercise. Which ever way you look at it the banks are frustrating the buyers and sellers and damaging the property market I believe. Will this add us getting out of a recession? I think not. What do you think. Tell me you tale.