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HARP Refinance Program Expanded

 

Borrowers who are current on their home loans may be able to refinance for lower interest rates, even if they are seriously upside down. The Federal Housing Finance Agency (FHFA) announced today that it will broaden the scope of the Home Affordable Refinance Program (HARP) by removing the current 125 percent loan-to-value cap for fixed-rate mortgages backed by Fannie Mae and Freddie Mac. Other program enhancements include, among other things, reducing certain fees, eliminating the need for a new property appraisal if the FHFA has a reliable automated valuation model (AVM) estimate, and extending HARP until the end of 2013. New federal guidelines for the HARP changes should be released to mortgage lenders and servicers by November 15.

 

The basic eligibility requirements for an enhanced HARP loan are as follows:

  • Existing mortgage loan must be owned or guaranteed by Fannie Mae or Freddie Mac. To check whether a borrower has a Fannie Mae or Freddie Mac loan, go to http://www.makinghomeaffordable.gov/get-assistance/loan-look-up/Pages/default.aspx.
  • Existing mortgage loan must have been sold to Fannie Mae or Freddie Mac before June 1, 2009.
  • Existing mortgage loan cannot have been refinanced under HARP previously (except for Fannie Mae loans refinanced between March and May 2009).
  • Current loan-to-value (LTV) ratio must be more than 80%.
  • Existing mortgage loan must be current, with no late payments in the past six months, and no more than one late payment in the past 12 months. 

Pre-Holiday Appliance Check

Fall Back on November 6th and Check Your Smoke Detector

Election Day Trivia

What Size Turkey to Buy

Cranberry Salsa Dip with Cream Cheese

How to Roast a Turkey Breast

Pre-Holiday Appliance Check

How to Check Your Oven Temperature

If you are worried about your oven not properly heating, you can quickly check it yourself. Buy an oven thermometer and place it in the oven. Set the oven thermostat to 350 degrees F. The oven should heat to between 325 degrees and 375 degrees. In most cases it is considered acceptable if the actual temperature is within 25 degrees of the set temperature. It is often possible to adjust the thermostat knob or to recalibrate the electronic range control if the oven is not reaching the right temperature.

Clean Filters Make for a More Efficient Dishwasher

Filters protect the pump and motor seals. Many dishwashers have a filter located under the spray arm, near the bottom of the appliance. The filter can get clogged with sediment from hard water, food residue, or even detergent build-up. It is important to check the condition of the filter to make sure it is intact, has no holes in the screen and is free of debris.If the filter has been damaged you can purchase a replacement.

Say Goodbye to Smelly Garbage Disposals

If your kitchen doesn’t smell its best, check your garbage disposal. Food particles easily collect inside the disposal blades. The fact that you frequently run water through your disposal isn’t enough to prevent this collection of food debris. Freshen up a disposal by grinding half a lemon or lime.

Fall Back on November 6th and…Don’t Forget to Check the Smoke Detector

The most important project this month is to replace batteries in smoke, heat and gas detectors. A good way to remember when to change batteries is to do it when you fall back to Standard Time this month, and when you spring forward to Daylight Saving Time in the spring.

Election Day Trivia

Election day in the United States is the day set by law for the general elections of public officials. It occurs on the Tuesday after the first Monday in November.

• For federal offices (President, Vice President, and United States Congress), election day occurs only in even-numbered years.

• Presidential elections are held every four years, in years evenly divisible by four, in which electors for President and Vice President are chosen according to the method determined by each state.

• Elections to the United States House of Representatives and the United States Senate are held every two years.

• Senators serve six-year terms, staggered so that one-third of Senators are elected in any given general election.

From Wikipedia, the free encyclopedia.

What Size Turkey to Buy

At Thanksgiving, you usually want a big-enough turkey to provide leftovers—but not to go to waste. Here are some guidelines. These weights are for uncooked turkeys.

1. Count the number of people who will be eating turkey—remember that this number may be different than the total number of guests if the group includes vegetarians.

2. Figure on 1 pound of un-stuffed, whole turkey per person for moderate leftovers. Allow about 1.3 pounds per person for more leftovers.

3. Figure on about 3/4 pound per person if you're buying just a turkey breast. Allow 1/2 pound per person for boneless turkey breast.

By an eHow Contributor. Read more at: www.ehow.com

How to Roast a Turkey Breast

1. Preheat oven to 325 degrees.

2. Grease a 9-by-13 baking dish.

3. Rinse the turkey and pat it dry with paper towels. Place in the baking dish. Rub with olive oil and sprinkle with spices.

4. Place in oven, breast side up, and roast uncovered for 1-1/2 hours.

5. Remove from oven, tent with aluminum foil, and let rest for 10 to 15 minutes.

6. Carve slices on the diagonal and serve. Discard carcass, or save to boil for turkey soup.

NOTE: Do not cook at higher heat or the turkey may dry out.

By Claire Bush, eHow Contributor. Read more at: www.ehow.com

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Do Air Purifiers Really Work?

Indoor air pollutants are unwanted, sometimes harmful materials in the air. They range from dusts to chemicals to radon. Air cleaners are devices that attempt to remove such pollutants from the indoor air you breathe.

The typical furnace filter installed in the ductwork of most home heating and/or air-conditioning systems is a simple air cleaner. This basic filtering system may be upgraded by using another filter to trap additional pollutants or by adding additional air-cleaning devices. An alternative to upgrading the induct air cleaning system is using individual room, portable air cleaners. Air cleaners generally rely on filtration, or the attraction of charged particles to the air cleaning device itself or to surfaces within the home, for the removal of pollutants. The use of "air cleaning" to remove pollutants from the air in residences is in its infancy.

Because many factors need to be considered in determining whether use of an air cleaner is appropriate in a particular setting, the decision whether or not to use an air cleaner is left to the individual. As of yet, the U.S. Environmental Protection Agency has not taken a position either for or against the use of these devices in the home.

Three Strategies (in order of effectiveness) May Be Used To Reduce Indoor Air Pollutants:

1. Source Control eliminates individual sources of pollutants or reduces their emissions, and is generally the most effective strategy. Some sources, like those that contain asbestos, can be sealed or enclosed; others, like combustion appliances, can be adjusted to decrease the amount of emissions. Unfortunately, not all pollutant sources can be identified and practically eliminated or reduced.

2. Ventilation brings outside air indoors. It can be achieved by opening windows and doors, by turning on local bathroom or kitchen exhaust fans, or, in some situations, by the use of mechanical ventilation systems. However, there are practical limits to the extent ventilation can be used to reduce airborne pollutants. Costs for heating or cooling incoming air can be significant, and outdoor air itself may contain undesirable levels of contaminants.

3. Air Cleaning may serve as an adjunct to source control and ventilation. However, the use of air cleaning devices alone cannot assure adequate air quality, particularly where significant sources are present and ventilation is inadequate. Air cleaners are usually classified by the method employed for removing particles of various sizes from the air.

There are three general types of air cleaners on the market: mechanical filters, electronic air cleaners, and ion generators. Air cleaners may be in-duct units (installed in the central heating and/or air-conditioning system) or stand-alone portable units.

The effectiveness of air cleaners in removing pollutants from the air is a function of both the efficiency of the device itself and the amount of air handled by the device. A product of these two factors (for a given pollutant) is expressed as the unit's clean air delivery rate (CADR).

Portable air cleaners vary in size and effectiveness in pollutant reduction capabilities. They range from relatively ineffective table-top units to larger, more powerful console units. In general, units containing either electrostatic precipitators, negative ion generators, or pleated filters, and hybrid units containing combinations of these mechanisms, are more effective than flat filter units in removing tobacco smoke particles. Effectiveness within these classes varies widely, however. For removal of larger dust particles, negative ion generators, without additional particle capture mechanisms (e.g., filters), may perform poorly.

Pollutants in indoor air may be divided into three groups: particles, gaseous pollutants, and radon. Some air cleaners, under the right conditions, can effectively remove small particles which are suspended in air. However, controversy exists as to the efficiency of air cleaners in removing larger particles such as pollen and house dust allergens, which rapidly settle on surfaces. Animal dander may settle more slowly, although the surface particles far exceed the amount in the air. Therefore, control of the sources of allergens and ventilation should be stressed as the primary means of reducing allergic reactions.

Some of the air cleaners containing sorbents may also remove some of the gaseous pollutants in indoor air. However, no air-cleaning systems are expected to totally eliminate all hazards from gaseous pollutants and these systems may have a limited lifetime before replacement is necessary. In addition, air cleaning may not be effective in reducing the risks of lung cancer due to radon.

 

 What to look for when choosing an air cleaner:
  • The potential effectiveness of the device under the conditions it will be used.
  • The need for routine maintenance, including cleaning and replacement of filters.
  • The estimated capital and maintenance cost.
  • The installation requirements (e.g., power, access).
  • The manufacturer's recommended operating procedures.
  • The possible production or re-dispersal of pollutants, such as ozone, particles, formaldehyde and trapped gaseous pollutants.
  • The inability of some air cleaners to control gases and some odors, such as those from tobacco smoke.
  • Possible health effects from charged particles produced by ion generators.
  • Possible soiling of surfaces by charged particles produced by ion generators.
  • The noise level at the air flow rates that will be used.

 

Are Ozone Generators Effective?

Available scientific evidence shows that at concentrations that do not exceed public health standards, ozone has little potential to remove indoor air contaminants.

Whether in its pure form or mixed with other chemicals, ozone can be harmful to health. When inhaled, ozone can damage the lungs. Relatively low amounts of ozone can cause chest pain, coughing, shortness of breath and throat irritation.

It may also worsen chronic respiratory diseases such as asthma as well as compromise the ability of the body to fight respiratory infections.

Some studies show that ozone concentrations produced by ozone generators can exceed health standards even when one follows manufacturer's instructions. Many factors affect ozone concentrations including the amount of ozone produced by the machine, the size of the indoor space, the amount of material in the room with which ozone reacts, the outdoor ozone concentration, and the amount of ventilation. These factors make it difficult to control the ozone concentration in all circumstances.

Available scientific evidence shows that, at concentrations that do not exceed public health standards, ozone is generally ineffective in controlling indoor air pollution. The concentration of ozone would have to greatly exceed health standards to be effective in removing most indoor air contaminants. In the process of reacting with chemicals indoors, ozone can produce other chemicals that themselves can be irritating and corrosive.

 

 

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