Spin Your Electric Meter Backwards

Would you like to reduce your mortgage payment and
"zero out" your electric bill?

Return on Investment

A large portion of the cost of a residential system is offset by state rebates
and federal tax credits. In addition, installing a solar electric system
increases the value of your home up to 8%.

1. Incentives from the lender for Solar panel instalation

2. Increase in home value up to 8%

3. California Emerging Renewables Program rebate up to $8,000.00

4. Reduce your electricity bill, possibly to "0"!

5. California Pride

How It Works
The solar rebate system in California comes under a program known as the Emerging
Renewables Program. Through this program, utility companies in California provide
rebate programs for solar, fuel cell and wind power systems used on residences.

How Energy from the Sun Can Improve Your Cash Flow.

Under California law, all utility companies in the state must provide rebates to
homeowners that purchase, install and use solar panel systems. Put another way,
you get the rebate regardless of whether San Diego Gas and Electric, Pacific
Gas and Electric Company, Southern California Edison or Bear Valley Electric
Service is your provider.

Ask your Loan Officer about how you can lower your power bill with our

Solar-Powered Mortgage...800-931-0011

Power Without Maintenance

Solar cells perform the conversion without moving parts, noise, pollution,
radiation or maintenance. The special properties of semiconductor materials
make this conversion possible.

Who is eligible for incentives?
All electric and gas customers of PG&E, SCE, SDG&E, and Southern California Gas Company are eligible to apply for incentives.


Effective January 1, 2006, the program paid $2.80 per watt for photovoltaics, as
of March 21, 2006, that was reduced to $2.50. Incentives will be reduced by an
average of approximately 10 percent annually, declining to zero in 2017.

By January 2007, the PUC intends to explore ways to develop a pay-for-performance incentive structure to reward high-performing solar projects.

Identity theft protection

What is Identity theft?

Identity theft occurs when someone uses your personal identifying information,like your name, Social Security number, or credit card number, without your permission, to commit fraud or other crimes. The Federal Trade Commission estimates that as many as 9 million Americans have their identities stolen each year. In fact, you or someone you know may have experienced some form of identity theft. Repairing the damage caused by identity thieves takes time and money.

How can identity theft happen to you?

It is frightening to realize that there is more than one way someone can steal your personal information. But it must be accepted so that you can protect yourself and loved ones from being a victim of identity theft. It seems harmless to just throw away junk mail, however junk mail is a common gateway to your information. Pre-approved credit card offers are a dream come true for identity thieves as they are able to open lines of credit on your behalf.

Dumpster diving is also a technique used; thieves rummage through your trash in search of bank or credit card statements. Always be sure to shred any documents with important information. They may also try to steal personal information from you through email or phone by posing as legitimate companies and claiming that you have a problem with your account. This practice is known as "phishing" online or pretexting by phone. With advancing technology, clerks working at places you patron can easily take a picture with camera phones to capture credit card numbers. This is why it is important to always be alert and discrete with your information.

Warning signs that you may be a victim include:

• Receiving a phone call or a letter either approving or denying credit for accounts you have not requested.


• You no longer receive your credit card statements, or you notice that some of your mail seems to be missing.
• Your credit card statement includes charges for things you know you never bought.


• A collection agency tells you they are collecting for an account you never opened.

How can you prevent being a victim?

• The FTC advises that the best way to catch identity theft is to regularly monitor your credit report. Every time someone applies for a line of credit in your name it will come up on your credit report.


• Stop the junk mail. Your discarded mail is an entry to your information. Call the Credit Bureaus Main Opt-Out Line 888 567-8688 to remove your name from the list of people eligible to receive offers of credit for 5 years. Check out our website www.sierrawestern.com for complete directions to opt yourself out. Junk mail is also a waste of resources about 62 million trees and 25 billion gallons of water are used to produce a typical year's worth of junk mail in the United States.

Filing a police report, notifying creditors, and disputing any unauthorized transactions are steps you must take to restore your good name. Try to save yourself the time, money and emotional toll of being a victim. For more information about Identity Theft, how to deter it from happening to you, and what to do if you are a victim please visit the Federal Trade Commission website at http://www.privacy.ca.gov/cover/identitytheft.htm.

My Loan Agent Just Robbed My 10 Year Old...And I Let Him Do It

There are those individuals on this planet who enjoy shopping and bargain hunting as if it were some quest for secret buried treasure. I am no such individual.

If this were a perfect world, every loan agent would be honest as the day is long. I would simply pick up the phone and dial the number my finger landed on in the phone book. Loan Officers/Agents, are driven by their boss, the broker, their own bills and the bank to profit as much possible from the transaction of your loan. So when you end up spending your child's tuition on mortgage payments, you'll be wishing you had done more homework.

NOTE:
Before I begin a diatribe of the evils of the mortgage industry, I would like to say that I do not hold it to be true that all loan officers are inherently evil. Should this have been a fact I would not have remained where I am today in home loans field, for the last 3 years.

There many variables to creating a loan for each individual and their home. The largest investment 95% of most Americans will make, deserves careful consideration. Deciding to go with the first loan agent you happen to talk to is inconsiderate, to you and your families future.

Less paperwork and more personal attention means you enter a “frustration-free zone” from application to decision. With that in mind, reserve your frustration for more important matters when it comes to giving your loan agent as much information as possible when shopping for a good faith estimate. The less information you are willing to divulge to a qualified Loan Agent, the greater chance of the quote you were given over the phone changing by the time you reach his or her office.

Here is the information any loan officer would need to give you a valid quote to refinancing your home, condo or commercial property. Print this article and have the answers written down before shopping.
Print this article and have the answers written down before shopping.

1. Address or addresses?

2. Phone contact numbers? (email)

3. Purchase date?

4. Purchase price?

5. Estimated value? (Loan compared To the Value = LTV %)

6. Bedrooms, bathrooms and square footage?

7. 1st balance and loan date? (when the loan began)

8. 2nd balance and date?

9. Yearly income? (borrower and co-borrower)*

10. Self employed? (stated income / easy doc)

11. Fico (credit) Score?*

*Annual income is needed to calculate Debt to Income Ratio
*Running a credit check also gives the loan officer an idea of your debt to income ratio.
A valid quote can be given without running a credit report, rates for loans are based on credit score first.
Run your own credit check, all you need is your three digit score to get an approximate quote.

Each number is based on lender questions required by all banks for the loan processor and the Escrow Department to begin the analyzation of your individual loan request. Some loan requests may come back as many as 25 times from the lender as each bank dissects your ability to pay back the loan based on the information you have given.
So for some brokers to take on the responsibility of processing a loan, the expense of paying highly trained employees is taken into consideration when asking for points to be put on the loan.
Most borrowers see adding points as adding commission for the loan officer.
Is this agent working hard to find the cheapest loan for you, is he disclosing as much information as possible to educate you and keep you apprised of the ongoing process?

Ask to see what you are paying for.

The Rate Sheets each Brokers office receives, either through email, lender web page, or by fax, can change on a daily bases. Request to see those rate sheets, based on your individual borrower information, so that you know what you are paying for.
Any loan officer denying this request is afraid of discloser and not to be trusted.

For every credit score there are subsequent rates. Each rate has its own set of variables.

• LTV (loan to value), what percentage your current loan compares to the value of your home.

• If you’re willing to have a Pre-Pay penalty attached if decide to close the loan earlier than the agreed upon time.
• The length of the loan or the length of the initial start rate

• Are you doing a normal or stated proof of income

• Finally, how much loan do you qualify for

You don’t need a broker’s license to be ready to negotiate your new loan.
And negotiate you must, there is always a type of loan where the loan officer makes a lot of money, where you don’t pay any money, and the middle ground where you both benefit.

Many lenders promise the moon when it comes to free loans with no closing costs, no points and no fees.
The truth is, those costs are built into the loan, and you are just going to pay for them later than sooner.
Send them reeling by asking to see the amortization schedule. Ask for a simple break down of all of your payments. Ask if any points are “built into the loan.”
Ask how much they are paying for the appraisal. If a loan officer lies about this information, call the D.R.E. (Department of Real Estate) and have the loan canceled.

Print this article and keep it next to your phone or computer when hunting for your best loan.
Run your own credit report so you don’t have to give out your Social Security number on the phone or the World Wide Web.
Stick to the eleven points in this article, if a loan officer asks for less he’s just giving you the quote you want to hear, not what he can deliver.
Get that good faith estimate; it is the starting brick from which your broker will build the castle of trust between you, and he is responsible for keeping it in good standing.

Dennis sweatt is an Authur, Artist and Webmaster and currently works in marketing for a top earning mortgage company. You can see his website at http://sierrawesternhomeloans.com/ Article Source: http://EzineArticles.com/?expert=Dennis_Sweatt

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