The First Time HomeBuyer magazine » Sponsored Articles http://firsttimehomebuyermagazine.com First Time Home Buyer Education Thu, 19 Aug 2010 16:07:52 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Pay Down Your Mortgage faster – Online Resource Update http://firsttimehomebuyermagazine.com/2009/04/pay-down-your-mortgage-faster-online-resource-update/ http://firsttimehomebuyermagazine.com/2009/04/pay-down-your-mortgage-faster-online-resource-update/#comments Thu, 09 Apr 2009 13:44:33 +0000 admin http://firsttimehomebuyermagazine.com/?p=789 Advertisement-

You might have noticed an emerging industry over the past 18 months: Mortgage Acceleration.

As president & CEO of the National Organization of American Homeowners – NOAH, one of my responsibilities is to examine the overall health of home ownership in the United States. I have been following a disturbing trend in home ownership over the last two decades. More homeowners are re-financing their home every six or seven years and less are paying off their mortgage. Our parents and grandparents saved their money and payed off their mortgage, your home is your biggest asset if you’re like the other 75 million homeowners. You need to own it, not the bank. 25 years ago, 52% of homeowners did NOT have a mortgage, today that figure is barely 30%.

NOAH has been watching an emerging industry over the past 18 months: mortgage acceleration. We have examined about a dozen firms with divergent business models, price points and sales offers, but essentially, it’s the same product; web based software that teaches the homeowner the idea of a ’sweep account,’ and reverse compound interest. First you need to spend two hours or so to understand the concept and set up the software, like Excel. After that, you’ll need about a 1/2 hour twice a month. The software will enable you to pay off a 30 year mortgage in eight to ten years. You don’t alter your monthly budget; you only have to fulfill two requirements: you take in more money than you pay out and you’ll spend the one hour a month.

Of the firms we interviewed and examined, we found some winners and losers. One charges a $3,500 and is a Multi-Level-Marketing concept which we dismissed. Another charges what appears to be an inexpensive $495, but then bills your credit card $49.95 a month thereafter. We did find one that has an educational audio/video tour, no sales pitch and has a modest price point of $695 that comes with excellent customer service, NOAH plans to formally endorse this program and bring it national beginning January 2009.

You can easily save over $100,000 in mortgage interest by using this product; it even teaches you how you can use it to save money for your kid’s college tuition. At NOAH our philosophy states we are: “where smart homeownership begins.” Our members, and you, want to own their home outright. You create wealth, stability, assure a comfortable retirement and most of all; you get out of the re-financing merry-go-round! If however you like to re-finance, you can pay down your mortgage, using this software and re-finance (with a lot more ‘cash out’) three times over the course of 30 years! It is the opinion of the National Organization of American Homeowners however, that you pay down your mortgage, then throw a mortgage burning party!

John P. Walsh is Founder and Chairman of the National Organization of American Homeowners, based in Washington, DC has been in the housing industry for 20 years, he has been sought for comment and featured in press publications and is the author of numerous articles on housing and homeownership.

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]]> http://firsttimehomebuyermagazine.com/2009/04/pay-down-your-mortgage-faster-online-resource-update/feed/ 2 104 Tips to Save Energy Now ~ Energy Conservation Information http://firsttimehomebuyermagazine.com/2009/03/104-tips-to-save-energy-now-energy-conservation-information/ http://firsttimehomebuyermagazine.com/2009/03/104-tips-to-save-energy-now-energy-conservation-information/#comments Mon, 09 Mar 2009 15:17:47 +0000 admin http://joefrance.com/?p=439

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We already know the fastest, least expensive way to slow climate change: USE LESS ENERGY.  With a little effort and not much money, most of us could reduce our energy diets by 25% or more – doing the Earth a favor while also helping our pocketbooks.
There are some simple things you can do to achieve a better level of energy efficiency in your home as well as help reduce your energy costs. This is not a complete listing, but some very simple ways you can begin saving today!
Lighting & Electrical
1)  Turn off lights when you leave a room or when they’re not needed.
2)  Use a timer to turn house lights off and on automatically.
3)  Replace your incandescent light bulbs with compact fluorescent light bulbs (CFLs). CFLs last longer and use as little as one-quarter the energy of regular light bulbs.
4)  Put lamps in corners of rooms so light reflects off two walls. Use light colors on walls, ceilings and floors to reflect more light.
5)  Use task lighting over desks, tables and workbenches rather than lighting the whole area.
6)  Take advantage of natural light whenever possible. Keep windows clean and unobstructed.
7) Clean bulbs and fixtures regularly for brighter illumination.
8) Install dimmer switches. In addition to enhancing the mood, they’ll extent the life of your bulbs and help you save up to 60% on your lighting costs.
9) When turning off dimmer switches, make sure the fixture is switched off. In certain instances, the light can appear to be off, but it is still consuming electricity.
10) You can now purchase the Smart Strip Power Strip – Automatic Switching Surge Suppressor which turns off your computer peripherals when you turn off the computer.
Washer & Dryer
11) If you need to replace your washer, choose an ENERGY STAR qualified model. They consume less electricity and water than other models.
12) Wash clothes in cold or warm water rather than hot, and rinse in cold water. The temperature of the rinse water has no effect on cleaning.
13) Always fill the washer and dryer to capacity whenever possible. If you wash smaller loads of laundry, use the proper water level for each individual load.
14) Fold your laundry immediately after drying to reduce ironing.
15) Dry your clothes on an outside line whenever possible.
16) When you use a dryer, be sure to clean the lint filter after each load.
17) Dry all your lightweight clothes together to shorten your dryer cycle.
18) Dry two or more loads in a row to take advantage of the heat from your dryer.
19) Keep the outside vent of your clothes dryer clean. A clogged vent lengthens the drying time and increases the amount of energy used.
Dishwasher
20) If you are buying a dishwasher, look for ENERGY STAR qualified models with features like air power drying and overnight drying settings.
21) Scrape dishes instead of rinsing them in hot water before loading. If you choose to rinse your dishes, use cold water.
22) Wait until your dishwasher is full before running it. Use the shortest wash cycle that will clean your dishes properly and be sure to use the right amount of detergent.
23) Keep your dishwasher drains and filters clean.
24) Turn off the drying cycle on your dishwasher, open the door and let the dishware and silverware air dry.
25) Fill the sink and use a stopper, or fill a large pot rather than wash or rinse dishes under running hot water.
26) Use cold water instead of hot water when running your garbage disposal. With hot water, fats can melt and clog the drainpipe when they cool.
Oven and Range
27) Don’t line oven racks with foil. It blocks heat flow and makes the oven work harder to cook food.
28) If you cook on an electric range top, bring foods to boil on high; then turn to a low setting to continue cooking.
29) Put a lid on a pot to boil water. The water boils faster and you’ll use less energy.
30) Pre-heat the oven only when necessary.
31) Bake more than one item at a time so you can use one and freeze the other.
32) When baking, limit the number of times you open the oven door.
33) Don’t use your oven to heat the kitchen. It not only wastes energy, it’s dangerous.
34) When cooking vegetables, a small amount of water in a covered pan is more effective than a large amount.
35) If you have an electric oven that’s self-cleaning, use this feature after baking or broiling to utilize the existing heat in the oven, rather than cleaning it from a cold start.
36) Allow frozen meats to thaw completely before cooking. A frozen roast placed directly into the oven without thawing will require one-third more cooking time.
37) Use flat-bottomed cookware that fits on the appropriate stove burner.
38) Invest in a pressure cooker. It cuts cooking time and energy use by a third.
39) Heat water in a tea kettle instead of an open pan.
Small Appliances
40) A microwave or toaster will use less energy than a full-size, so use these when you can.
41) Don’t leave your electric coffee pot on ‘simmer’ to keep coffee warm for an extended period of time.
42) To cook small amounts of food, use an electric frying pan or toaster oven – even better – use a microwave. They’re faster than using the large oven, and cheaper, too.
43) Since an iron heats faster than it cools, iron fabrics that require lower temperatures first; then work up to fabrics that require a hotter setting.
44) When buying small appliances, read labels carefully to compare energy use information and operating costs of similar models.
45) Keep kitchen appliances in good working order so they last longer, work more efficiently and use less energy.
46) Buy electric power tools with the lowest horsepower or amps adequate for the work you want to do.
47) Keep electrical tools in top operating condition. Lubricate them properly and clean then after use. Keep cutting edges sharp on bits or saws, so they operate more quickly and therefore use less power.
48) If you own a waterbed, make the bed up everyday to keep it covered and reduce heating costs. By purchasing an insulated mattress pad, you can eliminate the need for a heater.
Refrigerator/Freezer
49) When purchasing a new refrigerator, choose an ENERGY STAR qualified model.
50) Avoid locating your refrigerator in direct sunlight or near equipment that generates heat, such as a range or dishwasher.
51) Leave several inches of space behind and on the sides of your refrigerator so air can circulate around the unit.
52) Every three months, clean the condenser cells located underneath or in the back of your refrigerator or freezer.
53) Be sure your refrigerator stands level so the door seals evenly and tightly.
54) Check the door gaskets for air leaks by shutting a piece of paper in the door. If you can slide the paper out without resistance, your refrigerator may be leaking cold air.
55) Let hot foods cool before placing them in the refrigerator. Cooked meats, however, should be refrigerated immediately.
56) If you wonder how efficient your appliances are, you can get the Kill A Watt electricity usage monitor. You can figure out electrical expenses with the voltage, line frequency and power factor displays.
57) Liquids should be covered. Moisture is drawn from uncovered liquids, forcing your refrigerator’s ‘no-frost’ unit to work harder.
58) If your refrigerator has steel racks, don’t cover them with paper or foil. Doing so will reduce the flow of cold air.
59) Don’t overload! Cool air should be allowed to circulate around each container.
60) Don’t overcool! The recommended temperature is 38º F to 40º F. Keep your refrigerator just low enough to chill milk. For the freezer section, 5º F is recommended, low enough to keep ice cream hard. (You may need to adjust the setting during the summer months.) Use a thermometer to check settings.
61) Try to cut down on the number of times you open the refrigerator door. Plan ahead and take out everything you’ll need at one time.
62) If you’re going away for a long period, use up perishable foods, turn your refrigerator off, and leave the door open.
63) Consider removing your second refrigerator or freezer. Remove door when not in use.
64) Get rid of any refrigerator or freezer in your home that’s more than ten (10) years old, and you’ll save as much as $100 annually in energy costs, when you replace it with an ENERGY STAR qualified model.
65) Remove frost when it is ¼ inch thick. Heavy frost buildup decreases efficiency and uses more electricity to maintain the same temperature.
Hot Water
66) Save water costs by turning off the tap when you shave, wash or brush your teeth.
67) Many hot water heaters are factory-set for 140º F. That’s a lot higher than you need. Reset it to 120º F.
68) If you have an off-peak electric hot water heater, set your bottom thermostat at 135º F and the top thermostat at 125º F for maximum efficiency.
69) If you are buying a new electric hot water heater, make sure to buy the highest efficiency energy rating available.
70) When installing a new hot water heater, locate it in a warm place rather than an unheated garage or basement, if possible.
71) Wrap your hot water heater with an insulation blanket, if allowed by manufacturer’s recommendation.
72) Turn off your electric water heater when you leave home for extended periods, such as vacations.
73) Take showers instead of baths. A three-minute shower uses about half the water of a bath.
74) In the summertime, take warm or even cold showers whenever possible.
75) Turn off the hot water tap each time you rinse dishes, or better yet – scrape, don’t rinse. Letting the tap run wastes up to 30 gallons per meal.
76) Replace washers on faucets that drip. A leaky faucet can waste 2,500 gallons of hot water per year.
77) Insulate at least ten feet of hot and cold water pipes attached to your hot water heater.
78) Install water-saving low-flow shower heads and sink aerators.
Heating & Cooling
79) Keep your heating equipment well tuned with periodic maintenance by a service professional. If you do buy a new heating unit, select the most energy-efficient one you can afford. The initial cost may be high, but in the long run, your operating costs will be lower.
80) Dust or vacuum radiator surfaces and vents frequently to cut down on heat loss. If they need painting, use a flat paint which radiates heat better than glossy paint.
81) Make sure radiators and/or heating vents are not blocked or obstructed by furniture or drapes.
82) During the hot summer months, close insulated drapes or shades to help keep out unwanted heat.
83) On sunny winter days, open your insulated drapes or shades to help keep out unwanted heat.
84) During the winter months, close your curtains or drapes at night to cut down on heat loss.
85) Install wall outlet and switch plate gaskets to cur down on a flow of cold air.
86) Keep doors and windows closed as much as possible. This includes closet doors and rooms not in use.
87) Check for drafts around windows and doors. Caulk and weather-strip wherever necessary.
88) Install awnings over exterior windows exposed to direct sunlight.
89) Keep your daytime winter thermostat setting to 65º F; at night, lower it to 55º F. (Use your judgment. Babies and the elderly may need higher room temperatures.)
90) Install clock thermostats to automatically control heating and cooling when you are home and away.
91) If you’re purchasing a new room air conditioner, buy an ENERGY STAR qualified model with a high energy efficiency rating (EER). The higher the rating, the more efficient the unit and the less costly it is to operate.
92) It’s a waste of money and energy to run your room conditioner all day long just to cool an empty house. Instead, install an appliance timer that will activate the unit five minutes before you arrive.
93) Get rid of any room air conditioner that is more than ten years old and you’ll save when you replace it with an ENERGY STAR qualified model.
94) Clean or replace furnace filters often.
95) Have your furnace burner checked and cleaned annually.
96) If you have a fireplace, make sure the damper is shut when the fireplace is not in use. A chimney can draw out as much as 25% of the heated air in your house if the damper is left open.
97) Exhaust fans vented to the outside in the kitchen and bathrooms help remove excess humidity and keep rooms comfortable.
98) Installing a thermostatically controlled attic exhaust fan can lower inside temperatures in the summertime by as much as 50%.
99) Use ceiling or portable fans in place of room air conditioners whenever possible.
100) If possible, install storm windows. If not, tightly tape heavy duty clean plastic sheets to the inside of the window frames to reduce drafts.
101) If you use an electric furnace to heat your home, consider replacing it with a high efficiency heat pump system, which can cut electricity use for heating by as much as 30%.
102) If you have a simple open masonry fireplace, replace your fire screen with glass doors and convective grate to reduce the loss of warm air.
103) Tune up your central air system once a year (or your heat pump system) to lower operating costs and obtain the maximum operating efficiency from that unit.
Conserving energy is really very easy. Try as many of these energy-saving tips as you can throughout your home, and see how much your energy bills go down. You may be amazed. Call us for more information on energy conservation and steps you can take to help the environment as well as making your family safe and comfortable.

Sources: Energy & Environmental Building Association; CT Energy Efficiency Fund

Provided by
GUARDIAN FUEL & ENERGY SYSTEMS, INC.
RI 401/596-6566 CT 860-535-9411
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