What is a good faith estimate on a loan?
The estimate in good faith (GFE) aims to pay and compare all the precedents before deciding the mortgage for consumers. The initial goal was to understand what services consumers could buy - save interest rates and lower payment times, even at high cost.Free Online Debt Advice
What is your estimate of the good vs. harm due to religion?
The definition of harm is not defined in this question, so I am going to assume personal psychological harm.There is a science behind religion. It begins by knowing how the brain functions. Right-brained and left-brained designations have evolved into the understanding of brain circuits. These circuits determine how an individual processes information. An intellectual person processes information along the executive function circuit. They think logically and linearly.The creative and emotional person processes information along the imagination circuit. They think in feelings and expanded concepts.The purpose of religion is to induce an expanded consciousness and a compassionate nature. Religion uses philosophy, practices and rituals to bring about peak experiences that advance the psychological maturity within the individual. The problem is that the way to do this is different for the different personalities. What elevates an intellectual stunts the personal development of the creative and vise versa.Here is where the harm takes place. Most religions are set up for only one personality type. So, say your religion is set up to benefit intellectual persons. This means that those in the congregation whose brains run on the executive function network will benefit from the practices and rituals. On the other hand, the creatives in the congregation will never develop spiritually and may even regress into childish mentalities. This is where the idea that women(a majority of women are creative and emotional persons.) are evil, are spiritually inept, are incapable of spiritual and social leadership.Same is true for religions that are set up to spiritually develop creative personalities. The intellectuals in the congregation will never develop to their highest spiritual potential. They become even more selfish and judgemental.When we have leaders who are psychologically immature or damaged, horrible things happen. The crusades, the holicaust, and all manner of other atrocities take place. This is where the social harm takes place.Until we understand this basic fact of religion and how it relates to the personality, 50% of people who participate in a religion will have negative experiences with religion. And we will continually create people who are psychologically immature or damaged, which when set loose in society will cause atrocities that we all will have to suffer through.
What are some tips to guess a good estimate for 'how many items in a jar'?
In the end, you won't get past rough estimation. The jars used for these types of games mostly have a circular base, preventing you from using simplest mathematics to calculate the number of candy pieces. Also, the jar will mostly change in diameter, as we can see in the first picture. Nevertheless, mathematics will be our biggest friend estimating. Let's take a look at the base of the jar in example #1. It is approximately 5 centimeters wide, that means we have a radius [r] of 2.5 centimeters. The area A of the base is A = r^2 times Pi. So in our case, this is A = 2.5*2.5*3.14... = 19.63To calculate the volume of our jar, we'll just assume a cylinder and later add a few pieces to the number of pieces our calculations revealed (remember: the jar is konvex). So for the cylinder, we take A and multiply it with the height [h] of the imaginary cylinder. Unfortunately, we'll have to estimate this again, making the final result inaccurate. It all depends on how good you are at estimating. So, the height of the candy (not the jar, the candy) is about 7 centimeters. That leaves us with V = 7*19.63 = 137.4 cubic centimetersAn average candy piece like an M&M or candy corn is a little bit smaller than one cubic centimeter. Let's use 0.8 as a value. So: 137.4 / 0.8 = 171.8 pieces of candyNow let's add those candy pieces we forgot to include into the calculation. The good thing is, these are mostly the candy pieces we can count by looking at the outside. Once again it's about estimation.I split the jar into four sides and count the number of candy pieces on the side I can see from my position. In this case, there are about 25 extra pieces on each side. So we add another 100 to our equation and take a look at the final result. ~272 pieces. Sounds complicated? The trick with this method is that you don't have to make one big estimation, but rather a few smaller estimations that are more precise. In the age of smartphones, the calculations shouldn't constitute a problem. If you want an even more precise method, make your estimations between extremes (for example: "The height of the jar is between 6 and 9 centimeters). Calculate the number of pieces for both the lowest estimations and the highest estimations and take the midpoint.
What are some good qualifying questions before sending out an estimate to a prospect?
Kevin's advice is spot on. Since you asked about "qualifying questions," I'd also like to add a little different perspective. I'm taking the angle of a seller who wants to be certain this is a company that is qualified to do business with you and will be a good long-term customer. In that scenario, I'd ask these kinds of questions (depending on type of business and product, both yours and theirs):1) What has led to your decision to seek a new provider?2) What do you anticipate or expect in a relationship with a vendor?3) Who will review this estimate? Who makes the final decision? What are the job titles and priorities of each person involved in influencing or making the decision? (Like Kevin's suggestion, but I'd add listening for responses that align with what you can provide and who you specialize in working with.)4) What have past vendors liked and disliked about doing business with you?5) How are your systems, processes and infrastructure set up to _____? (Just make sure there is preparation all along the supply chain to support whatever is you might sell them.)6) What training will you be providing your team on using this product/service? 7) What is the dedicated budget for this _______?Oh, and a credit app may be an important part of qualification, too!
My broker quoted a wrong rate on the good faith estimate. Can I force them to do the deal at that rate?
You can force the broker to honor the quoted rate on the GFE. That is why the loan scenario includes a GFE, so the consumer can be informed at the beginning of the loan all of the costs to do the loan and the rate.