Justin Lees

Hi there, Justin Lees here bringing you a free search tool to find foreclosures in California (or anywhere in the USA). Good luck.

http://www.foreclosedpropertiesca.com/

Justin Lees

Hi All, Justin Lees here talking to you about Energy Efficient Mortgages. I'll make this short and sweet. If you're a realtor, this could be one way you can differentiate yourself from other realtors b/c I can assure you that a few percentage of realtors are even talking about Energy Efficient Mortgages.

In a nutshell, let your buyers know that they can get up to 5% of the purchase price ($8K limit for now) towards Energy Efficient features like windows, insulation, HVAC and many other things. Weatherstripping gets the buyer another $2K on top of it. It's a very simple process. A certified contractor inspects the house, itemizes what needs to be done and bids it out. If the buyer knows an HVAC (licensed) that wants to do the work, this is fine.

The amount needed for the work (assume $8K) is added to the loan and is financed in. Once escrow closes, the work is performed and it typically just takes a few days to finish. If you have any borrowers that want to get pre-approved for the EEM or the FHA 203k loan, give me a call.

Justin Lees

Sr. Mortgage Consultant

Justin Lees here bringing you some tidbits of inspiration, which we can all use in times like these.

Of all the attitudes we can acquire, surely the attitude of gratitude is the most important and by far the most life-changing. - Zig Zigler

You are educated when you have the ability to listen to almost anything without losing your temper or self-confidence. - Robert Frost

Chance favors only the prepared mind. - Louis Pasteur

Quality begins on the inside... and then works its way out. - Bob Moawad

Unless we stand for something, we will fall for anything. - Peter Marshall

Be determined, follow through and good fortune will find you.

Good luck all

Justin Lees

Here are five ways to improve your credit score

•1. PAYMENT HISTORY (35%)

Timely payment history accounts for approximately 35% of your credit score, which means that paying on time is one of the most important things you can do. Even if you have to pay one credit card with a balance transfer check from another credit card, make the payment on time. If you're behind, get caught up and stay current. If you're struggling call your credit card companies to work out a payment schedule.

•2. KEEP LOW BALANCES (30%)

Your balance-to-limit ratio account for about 30% of your fico score. Having credit cards that are maxed out hurts your score. 25% is the golden rule. If you can keep your balances at 25% of the limit, you'll be good. 50% should be the max for good credit. Even if you use your credit cards and pay them off in full every month, going too high will increase the average and hurt your score.

•3. LENGTH OF CREDIT HISTORY (15%)

The longer you've had the account the better. This is why when people close their accounts their scores can drop. Also, opening several new accounts could bring the score down since it lowers the average age of the accounts.

•4. NEW CREDIT REQUESTS (10%)

Every time a potential lender asks for a copy of your credit report, an inquiry is recorded. A certain number of inquiries is okay (3-5 per year). If you'll be applying for a mortgage or auto loan, don't apply for any new credit beforehand. If you opt out of receiving credit card solicitations, this can also improve your score. Ask me about this and I'll explain.

•5. CREDIT ACCOUNT VARIETY (10%)

Having different types of credit accounts will show that you can manage various types of debt. For example it's good to have both revolving debt (credit cards) and installment debt (auto loans and mortgages). Variety is the spice of life.

Ask me about how I can improve your credit score up to 100 points in about 5 days. It only takes about 5 minutes to tell you if I can do that.

Partnership with SolarCity allows budget-conscious homeowners to harness the
sun to reduce their utility bills

Paramount Equity Launches New Solar Energy Division

ROSEVILLE, Calif., Sept. 1 /PRNewswire/ -- With the summer sun still blazing,
Paramount Equity has launched a new solar energy division designed to help
customers use renewable energy and save money on utility costs. The new
division, Paramount Energy Solutions, provides financing options that make
solar systems affordable for everyday homeowners.

Paramount Energy Solutions has partnered with SolarCity(R), the nation's
leading residential solar installer, to extend new solar options to homeowners
across their service territories in California, Arizona and Oregon. Paramount
Energy Solutions' "Go Green Refi" allows homeowners to bundle the purchase
price of a solar system into a home mortgage refinance at a reduced fee and
interest rate.

Paramount Energy Solutions will also extend SolarCity's SolarLease(TM)
financing option to homeowners in its service areas in California and Arizona.
SolarLease allows homeowners to adopt solar power for a low monthly payment
that is typically less than they previously paid for electricity. The
partnership between SolarCity and Paramount Energy Solutions delivers a
one-stop, streamlined process for busy homeowners that includes financing,
custom design, solar installation, permits, rebate paperwork and ongoing solar
system monitoring.

Paramount Equity Launches New Solar Energy Division

To read the full report to go: http://www.reuters.com/article/pressRelease/idUS199947+01-Sep-2009+PRN20090901