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

Normally, I would be writing something industry specific, but here is some information that anyone with kids could surely benefit from. We've all heard there is no such thing as a free lunch. Au contrer mon frere (french for on the contrary my brother).

Kids Eat for Free!!

Below is a list of restaurants in the greater Sacramento area where kids eat for free. I'm sure there are a lot more restaurants than is on this list, but this is a good starting point if your looking for some freebies for the kiddies. Now you'll have to Google the address and phone number of the restaurants, but here they are.

CITRUS HEIGHTS

El Torito

Wednesday- 1 child (Age 12 & under) eats no charge with adult entree purchase. Dine in only.

Kids Eat no charge on Saturdays until 3pm

Coco's Bakery Restaurants

Kids 10 and under eat no charge on Tuesdays and Wednesdays after 4pm. 1 no charge meal with each adult entree.

Fresh Choice

Wednesdays after 4pm kids under 9 eat no charge.

FOLSOM

Islands

Wednesday (after 4 pm)- 1 child eats no charge with adult entree purchase.

Yagers Tap House and Grill

Kids Eat no charge on Wednesdays

LODI

Applebee's

Kids eat no charge Mon-Wed - 1 per adult entrée

Coco's Bakery Restaurants

Kids 10 and under eat no charge on Tuesdays and Wednesdays after 4pm. 1 no charge meal with each adult entrée

Richmaid

Kids eat no charge Mon and Thursday - 1 per adult entree.

FRESNO

El Torito

Wednesday- 1 child (Age 12 & under) eats no charge with adult entree purchase. Dine in only.

ROSEVILLE

Island's

Tuesday (after 4 pm)- 1 child eats no charge with adult entree purchase

Pasta Pomodoro

kids eat no charge Tuesday nights

SACRAMENTO

El Torito

Wednesday- 1 child (Age 12 & under) eats no charge with adult entree purchase. Dine in only.

IHOP

Monday - Family Night One no charge kids meal with each adult Entree.

Coco's Bakery Restaurants

Kids 10 and under eat no charge on Tuesdays and Wednesdays after 4pm. 1 no charge meal with each adult entree.

Malabar

Kids Eat no charge Saturday & Sunday (12 years and under)Sunday Brunch, Lunch and Dinner Receive one kids meal no charge with the purchase of each adult entrée.

Information taken from the website http://www.mykidseatfree.com/Select_A_City.asp and the validity of this information has not been verified. Sender is not liable for any misinformation communicated in this website and the message serves only as informative information.

Here are some other great websites where kids can eat at no charge!! Enjoy!!

http://coupondivas.com/kids-eat-free/

http://www.kidseat4free.com/index.php

I hope this helps!! Bon Appetit!

Justin Lees

Sr. Financial Specialist

Paramount Equity Mortgage

We're all looking for ways to save money. It's not likely we're going to get a raise at our jobs or find a higher paying career right now, so we're left with the option of cutting back on our lifestyle and tightening our budget. And that's okay. In what is debatably our nation's worst recession, it's time to make some cutbacks and get a little more financially leaner.

Many of my friends have resorted to cutting coupons, eating out less, curbing the impulse to buy those new pair of jeans, and renting movies instead of going out for a night on the town. Every little bit adds up. Most people don't think of cutting down their fixed costs such as their electricity bill. And those who have thought about it aren't typically able to afford the technology that would allow such savings.

WHY SOLAR POWER COULD BE RIGHT FOR YOU

For a limited time, Paramount Energy Solutions is offering the installation of a PV solar system at NO COST (as long as you, or your spouse, have a 700 credit score). It's a lease option and we are currently the ONLY company in the United States that can offer this. People I tell this to respond with skepticism and want to know, "what's the catch? There must be some hidden charges."

There is NO CATCH and NO HIDDEN CHARGES. It's Solar made Simple. Here's how the process works. We analyze your electricity bills over a 12 month period of time to determine your energy use and costs. We evaluate the location of your home and direction of the slope of your roof (without even coming to your home) to determine how many solar panels will fit on your rooftop. (We can also install panels on the ground if your roof is not ideal). We then determine if there are any savings.

WHY SOLAR POWER COULD BE RIGHT FOR YOU

If the lease payment is less than your average monthly electricity bill you save money. It's that simple. Plus you LOCK IN the cost of electricity as long as you have the Solar Unit. Can you imagine 3 yrs ago if you could have locked in the price of gasoline? Not to mention we're preserving the environment for our children.

The Solar Industry is growing by leaps and bounds...

HERE ARE SOME OF THE LATEST UPDATES IN THE SOLAR INDUSTRY TODAY.

Roseville Electric cites hedges, weak economy in rate hike request

"Starting Jan. 1, the utility wants to raise rates in three steps, 6.2 percent every six months. With compounding, that's a 19.8 percent increase." (By the way, rising energy costs is happening everywhere) http://www.sacbee.com/news/story/2067405.html

Weak economy makes solar panels more affordable to homeowners

http://www.latimes.com/business/la-fi-cover-solar2-2009aug02,0,7808025.story

Solar Energy to Power Airports and Roadways Soon

http://solar.coolerplanet.com/News/7310901-solar-energy-to-power-airports-and-roadways-soon.aspx

IF THESE COMPANIES ARE INVESTING IN SOLAR, MIGHT THIS INDICATE THE DIRECTION IN WHICH SOLAR IS HEADED?

Macy's recognized for using green power

http://www.bizjournals.com/pacific/stories/2009/07/27/daily10.html

FedEx Plans Nation's Largest Rooftop Solar Array

http://greenerbuildings.com/news/2009/07/31/fedex-plans-big-solar-array

Walmart goes green with solar build-out

http://www.theregister.co.uk/2009/08/01/walmart_solar_panels/

Panasonic to Sponsor MIT Solar Vehicle Team

http://news.prnewswire.com/DisplayReleaseContent.aspx?ACCT=104&STORY=/www/story/07-31-2009/0005069784&EDATE=

Sharp's New Solar-Powered Cellphone

http://www.pcworld.com/article/168944/sharps_new_solarpowered_cellphone.html

2010 Toyota Prius Solar Powered Moonroof

http://www.newsoxy.com/articles/2010-toyota-prius-solar-powered-moonroof.html

IF THESE COUNTRIES ARE INVESTING IN SOLAR, MIGHT THIS INDICATE THE DIRECTION IN WHICH SOLAR IS HEADED?

U.S. ready to issue grants ($3B) for renewable energy

http://www.reuters.com/article/GCA-GreenBusiness/idUSTRE56U5HR20090731

Why China Could Be a Guiding Light for Solar ETFs

http://seekingalpha.com/article/152752-why-china-could-be-a-guiding-light-for-solar-etfs

Italy Planning Another Giant Solar Array

http://ecogeek.org/component/content/article/2877

Bangladesh wins World Bank solar power loan

http://in.reuters.com/article/southAsiaNews/idINIndia-41475120090801

France's Poweo allowed to build 12-MW solar plant

http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSLS1191720090728

Italy's Terna to Invest $450 Million on Solar Power Infrastructure by 2010

http://www.industrialinfo.com/showAbstract.jsp?newsitemID=148950

India to unveil 20GW solar target under climate plan

http://www.reuters.com/article/latestCrisis/idUSDEL104230

If you're interested in a no hassle quote (proposal) to see if you can save money on your electricity bill, simply call or email me. If you tell a friend that decides to have a Solar Power unit installed on their home (at NO COST) Paramount Energy Solutions will pay you $400 as a referral bonus (every time).

Best of luck!!

Justin Lees

Sr. Financial Specialist

Paramount Equity Mortgage

What do you need to know about Reverse Mortgages?

For so many senior folks, the "Golden Years" aren't so Golden. Many of them are living on the paltry fixed income social security provides. It's anything but "security". They're settling for a life that is much less appealing than they would like it to be so that they have something to leave behind. But many seniors are recognizing the vastly improved quality of life a Reverse Mortgage can offer. Years ago the Reverse Mortgage was seen as something that should only be used in case of extreme emergencies, like a fire extinguisher.

But many financial analysts who understand the reverse mortgage see why someday soon it could replace the 401k the most utilized financial tool in retirement.

What do you need to know about Reverse Mortgages?

Here are some of the requirements: In order to be eligible, both homeowners must be 62 yrs of age or older. It must be your primary residence. And the amount you qualify for will be based on the following: the age of the youngest borrower, the home value (or value limit set by the county you live in), and the interest rate / type of program you're interested in.

There are 2 main types of Reverse Mortgages - adjustable and fixed. With respect to how you can receive your benefit, there are 3 ways: (1) lump sum, (2) monthly payment (3) line of credit. For example, let's assume you have a $400,000 home that has a $200,000 mortgage and you qualify to receive $250,000 as a benefit. $200,000 would be used to pay off the existing mortgage and the remaining $50,000 could be given to you as a lump sum ($50,000), a monthly income (perhaps $415 per month) or all $50,000 would remain in a line of credit available for you to draw against when needed. These options are available to you if you take an adjustable Reverse Mortgage. If, however, you take a fixed Reverse Mortgage only the lump sum option is available to you.

Note: if you decide to take the monthly draw, you will receive this amount for the rest of your life regardless of how long you live.

What do you need to know about Reverse Mortgages?

Some of the costs vary from company to company and these special financial transactions are not cheap. Since they are backed by FHA there is a mortgage insurance premium that is equal to 2% of either (1) value of home or (2) value limit set by county you live in, whichever is less. Example, a home value of $250,000 would have a mortgage insurance premium of $5,000.

The next cost is the origination fee, which can range from $0 to $6,000 ($6,000 is the max amount capped by law). And then like in a traditional refinance there are title and escrow charges. Typically, the costs can range from several thousand up to $16,000 or so. But the longer you have the Reverse Mortgage, the cheaper it becomes.

Here is a useful link to provide more information: http://www.hud.gov/offices/hsg/sfh/hecm/rmtopten.cfm

If you would like anymore information or would like to see what you qualify for, give me a call. It only takes about 5 minutes.

Good luck!!

Justin Lees

Sr. Financial Specialist

Paramount Equity Mortgage