5735 Rosewood Ave, Riverside
August 30, 2009 by Heidi Franklin
This wonderful single story home is located in the desirable “Wood Streets”. It has 3 good sized bedrooms, 1 bathroom and beautiful hardwood floors throughout. Newer Central A/C, heat, interior and exterior paint plus dual pane windows. The kitchen has original tile and cabinets. Living room with cozy brick fireplace. Nice size backyard with newer Alumawood patio cover and built-in BBQ. Also automatic sprinklers and fruit trees. Also an outdoor area with wood burning fireplace. A 2 car roll up garage with opener. A great guest house for a tenant or mother-in-law. Located on a beautiful tree lined street.
Related Articles
FREE Reggae concert at Dos Lagos
August 28, 2009 by Heidi Franklin
Friday, August 28th from 7:00 to 9:00pm, come see Urban Fyre a band that plays a hybrid of Reggae and Dance Hall music. Enjoy the music on the patio of TAPS Fish House & Brewery, Citrus City Grille, Wood Ranch BBQ & Grill or Miguel’s Restaurant; or, kick back in the stadium seats at the amphitheater.
Related Articles
6485 Nidever Ave, Riverside
August 27, 2009 by Heidi Franklin
Ahhh! Refreshing pool! This 4 bedroom home has one bedroom and bath downstairs, the large bedroom upstairs has a balcony, tile flooring, living room with fireplace, the bathrooms have been upgraded/updated, 2 car attached garage, the backyard features a gated pool, covered patio and fruit trees. Walk to schools, convenient to shopping, restaurants and freeway. Easy to see. Won’t last at this price!
Related Articles
What are points?
August 27, 2009 by Heidi Franklin
The term “points” may come up during a discussion of real estate financing and can be a very important consideration when choosing a loan. Points are fees paid at closing, with each point equal to one percent of the loan amount. For example, on a $120,000 mortgage, one point is $1,200.
There are two different types of points that may be associated with your loan.
Discount Points
Discount points can actualy be considered as “prepaid interest” on your loan, so they may be tax deductible and reduce the amount of interest you will haveto pay later on. Paying discount points may make you, as a borrower, look more attractive to the lender. Check with your tax professional about the potential tax deductions that this and other closing and moving expenses can provide you when you buy a home.
Origination Points
Origination Points are esentially lender fees. If you have good credit, you probably won’t pay origination points. However, if your credit is less then steller, you may have to pay points in order to provide the lender with additional”insurance” for the credit risk taken by loaning you money.The point may be called a loan origination fee, commitment fee, warehousing fee, or funding fee.
Points are not set by government regulation, but by each lender individually. I t is important to discuss points with your lending professional so that you understand what you are paying and why.
Related Articles
Is the housing market improving?
August 27, 2009 by Heidi Franklin
Over the past couple of days data on housing has been showing the market gaining some stability. The S&P/Case-Shiller index of home prices in 20 cities saw a 1.4% gain between May and June. But this index has shown signs of turning a corner in the past. That momentum didn’t stick, though, do to the economic downturn.
The first-time homebuyer tax credit was a huge boost to the market — nearly a third of buyers have used this credit. Will the feds extend that tax credit when it ends in November, will the current housing-recovery momentum continue?
The other numbers showing optimism about housing is the Commerce Department’s measure of new-home sales. In July, for the fourth month in a row, the number of new homes sold, rose. July’s jump, of 9.6%, is quite an improvement.
Even if house prices and sales are improving, that doesn’t mean a clean bill of health for housing. The number of people 90 or more days behind on their mortgages continues to rise. A new study from the credit-rating agency Fitch found that among people falling behind on payments, fewer are able to catch up.
So it’s a mixed bag, until employment improves it will be hard for folks to qualify for homes and to make the payments.
Related Articles
A few smoke detector facts
August 21, 2009 by Heidi Franklin
Approximately 33% of the homes in America are not adequately protected with smoke detectors.
The death rate is 45% lower in homes when a working smoke detector is present.
46% of the occupants that lived through a fire thought their moke detectors were working at the time.
The four most common reasons for non-wokring smoke detectors:
- Disconnected batteries to prevent nuisance alarms
- Dead batteries
- Debris buildup/obstruction
- Component failure due to age
Most folks are not aware that a smoke detector should be replaced according to manufacturers recommendations. The ionization type smoke detector, which is the most common type, has a useful life of 10 years.
The number of homes with smoke detectors that do not work out number homes without smoke detectors. Out f 96 million households, 11 million have no working smoke detectors and 16 million have detectors but none of them work.
Low income houses are more likely to have no working smoke detectors.
One and two family dwellings are where 79% of all home 2,670 fire deaths occurred.
In the U.S, a civilian dies from fire every 156 minutes.
Statistics show that fire deaths are higher for the most vulnerable portion of society: children and the elderly.
