Don't Use Your Ladder's Top 2 Steps, And Other DIY Safety Tips

Home improvement projects are on the rise, according to the BuildFax Remodeling Index. For the 19th straight month, May's index rose, suggesting that homeowners are remodeling more frequently than in the past.

Do-it-yourself projects are on the rise, too.

If you're among the many homeowners forgoing paid contractors, be sure to follow basic safety precautions because, as this 5-minute video from NBC's The Today Show points out, a home remodeling "accident" could cost you more than the money saved on the project itself.

The interview gives several key tips:

• Use "expandable" earplugs to prevent hearing loss from power tools.
• Don't wear sneakers or sandals. Wear construction boots.
• Never stand on the top 2 steps of a ladder.

In addition, we're reminded to wear safety glasses always. Eye issues are the number one injury as reported by home remodelers, and accidents can happen anytime.

Watch the full video at the NBC website. And, f you feel your next home remodeling project is beyond your personal expertise, seek a professional's help. Call or email me for local recommendations.

 

What To Know Before You Move To A New Neighborhood

As home buyers , we tend to research homes a lot. We look at square footage; at upgrades; at landscaping; at community statistics; and, at every other "number" on which we can get our hands.

But those are just statistics. What about the home's "feel"? 

In this 5-minute piece from NBC's The Today Show, you'll learn a dozen complementary home-shopping techniques to help you review and evaluate a home for purchase. Each is focused on findings you won't see listed on a website.

For example, instead of scheduling your second showing for the same time of day as your first one, revisit a home during an "opposite" time. if you originally saw the home in daylight, go see it at nighttime. If you first saw a home on the weekend, go see it during the work week.

By seeing a home in two distinct settings, you can get a better feel for what the home and neighborhood are really like.

Some of the other tips from the video include:

1. Visit during Rush Hour and on a Saturday night. This will help you gauge sound levels of the street.
2. Go to Google Maps and study the aerial shot of the home. What's nearby?
3. Talk to neighbors. They'll share everything about the neighborhood with you -- good and bad.

When you buy a home, you committing to more than just the property. You're committing to the neighborhood, too. Armed with the methods described in this video, you'll be better prepared to make a good decision.

Do You Know What Questions To Ask Your Lender?

A mortgage comes with many moving pieces and understanding them is the key getting a great deal. Unfortunately, studies show that few Americans have a firm grasp of how mortgages work -- from mortgage types to mortgage fees.

In this back-to-basics interview on NBC's The Today Show, you'll learn some mortgage planning basics to help you get smarter with your next home loan -- purchase or refinance.

Some of the topics covered include:

• The mortgage applicants for whom adjustable-rate mortgages are a better choice than fixed-rate mortgages
• Why you should include "How Good Is This Lender?"-type questions in the rate shopping process
• What a pre-approval letter is good for, and what it is not good for

There is also one of the most simple explanations of "discount points" ever offered on network television.

The video runs 4-and-a-half minutes. For first-time buyers and experienced ones, it's worth a watch. You'll pick up some tips to use on your next mortgage.

How To Protect Your Home From The Influenza Virus

The 2010-2011 Flu Season has started and the Center for Disease Control expects that the H1N1 influenza virus (i.e "Swine Flu") will play a large role in Hayward and worldwide, as in 2009-2010. Last year, the virus reached pandemic status -- the first time that's happened in 40 years.

In public places, avoiding "germy" places can be difficult. But within your home, you can easily create germ-free spaces.  This 4-minute interview from NBC's The Today Show teaches about the flu virus, and how to protect yourself.

A few of the cleanliness tips shared include:

• Flu virus can live for up to 8 hours on a household surface
• Computer keyboards carry 400 times more bacteria than a toilet seat
• Make sure your cleaning tools (i.e. sponges, mops) are, themselves, clean

The video also shares tips for keeping a cleaner, safer home, plus facts on the influenza virus.

Stay clean, stay healthy, and consider vaccinations. The flu virus hospitalizes 200,000 people each year.

 

Better Credit Scores Get Better Mortgage Rates

This week marks the start of the Refi Boom's 7th month across California ; rates have been falling since early-April 2010. Whether you're looking to refinance or buy a home, however, know that not everyone will qualify for today's low rates.

Mortgage approvals are primarily based on good income, good equity and strong credit, and, without all three, the best rates of the day remain out of reach. Now, you can't always ask for a raise and equity is a function of the housing market, but you can do something about your credit score.

In this 4-minute segment from NBC's The Today Show, you learn some credit basics to help propel your score higher:

• There's no "quick fix" for credit. Time + Good Credit Behavior = Better FICOs.
• Pay every bill when it comes due. Even one late payment can damage your score.
• Don't close old credit cards

Also among the segment's advice is to stop worrying about whether rates have bottomed. Refinance today if it makes financial sense. Then, if, by chance, rates fall in the future, just refinance again.  Don't be greedy, we're told.

Avoiding Common Mortgage Scams

Despite tougher mortgage guidelines and better loan disclosures for consumers, mortgage fraud is on the rise, according to the FBI.

Fraud has many varieties and it's estimated cost to the nation is between $4-6 billion annually.  Today, common mortgage fraud scams target homeowners behind in their mortgage payments and/or facing foreclosure. And, despite the hordes of legitimate organizations that dedicate themselves to helping consumers, mortgage fraudsters proliferate.

In this 3-minute piece from NBC's The Today Show, you'll learn to spot common frauds, and to avoid them.

Some of the frauds highlighted include:

1. The Rent-to-Buy arrangement
2. The Bait-and-Switch
3. The "Phantom fees"

With respect to mortgage paperwork, it's always wise to read what you're signing, and to take time to understand what it means. If you're uncomfortable reading mortgage documents, ask for an attorney's help. And don't worry if you don't have the budget -- many states offer free or discounted help via advocacy groups.

Rid Your Kitchen Of Hidden Dirt And Grime

A kitchen is often a home's busiest room -- a meeting place for meals and conversation. It's also among the home's most grimy rooms. Bacteria, dirt and germs collect on floors, on countertops, and inside appliances.

In this 4-minute clip from NBC's The Today Show, you'll learn how to rid your kitchen of "nastiness".  The featured fixes use nothing but basic household cleansers and elbow grease, and they include:

• How to clean and restore wooden cutting boards and bowls
• How to remove "burn stains" from the side of a frying pan
• How to eliminate pervasive dishwasher odors

The segment also tackles why you should choose loofah over sponge, and how to catch fruit flies.

For as much time as you spend in your kitchen, it's best to keep it clean and sanitized.

Rent A Home Or Buy A Home : The Case For Both Sides

Is it better to rent a Hayward home, or to buy one? The answer may not be as clear-cut as you think. In this balanced, 3-minute joint interview from NBC's The Today Show, you'll hear the case for both sides.

From the pro-renting part of the talk, there's valid points about the economic impact of low credit scores and/or no cash for downpayment, and the ongoing, annual cost of home maintenance -- estimated at 2% of a home's value.  Plus, renters have the ability to "follow a job" to a new town or region whereas a homeowner may be restricted, somewhat.

From the pro-purchase part, however, there's excellent points that were made, too:

• Mortgage rates are low and each 1% drop to rates equates to a 9% drop to home price
• Buyers can zero in on a particular area with particular schools or walkability, for example, better than renters
• A home can a piggybank over the long-term; a place for "forced savings" for families that want it

The segment then closes with 5 of the best cities in which to rent, and 5 of the best cities in which to buy.

Whether buying or renting, don't try to go at it alone. There's lot of resources online, and an email to a local real estate or mortgage pro can set you in the right direction.

Ex-Burglars Share Tips On Protecting Your Home From Break-Ins

This week marks the start of August, a popular vacation month for Americans. Maybe you're among the many in Hayward that will leave town for a few days -- or a few weeks.  But, before you leave your home, make sure you don't leave clues for burglars.

Sure, there's the basics like using an alarm system, locking your doors, and having a neighbor pick up your mail, but there's additional precautionary steps you should follow, too.  In a piece titled "Tips a Burglar Won't Tell You", NBC's The Today Show shares some of them. They're tips gleaned for a series of interviews with ex-convicts. 

Among the advice:

1. Have neighbors remove fliers and other solicitations from your driveway and/or mailbox
2. If you don't have a safe, hide valuables in a child's room -- not in a sock drawer
3. Don't announce your vacation on Facebook, Twitter or other websites

It's impossible to protect your home from burglary completely, but you can take steps so that your home is not the most obvious target on the block. Start with common sense protection, then follow the extra tips from the video.

Yes, You Can Still Get A Mortgage If You're Pregnant

The New York Times ran an important story this week concerning pregnancy and mortgage approvals. Titled "Need a Mortgage? Don't Get Pregnant", the article discussed the difficulties that expecting and recently-expanded families are having with their mortgage financing.

NBC's The Today Show picked up the story as well, as shown in the 3-minute clip above.

The crux of the issue is that maternity/paternity leave often leads to a change in household income and mortgage lenders will no longer assume one or both parents will go back to work full-time.  The loss of income can raise a household's debt-to-income ratio to unlendable levels.

Now, your loan officer cannot ask you about a pregnancy; such questions would be in violation of Equal Credit Opportunity Act. But he can ask if whether you expect your future employment and income situation to change. This would be a perfect time to broach the topic. And you should. If you're found to have withheld employment and income information from your lender at a later date, it could result in an immediate loan denial plus a loss of earnest monies paid.

Across both pieces, though, the prevailing message is this: Families concurrently planning to (1) have a baby and (2) buy a home should be up-front and forthcoming with their loan officers. Financing is often still available for families expecting an addition -- there's just some extra paperwork though which to work.

Be prepared for that paperwork and you're more likely to get your loan.

Household Finances : Which Bills Should I Pay First?

Morning television can be "light", but as far as personal finance interviews go, this Suze Orman segment from The Today Show is loaded with practical financial planning advice.

Titled "What Should You Do First?", Ms. Orman addressed the real-life, money management conundrums households face, such as:

• Should I pay off credit card bills, or create an emergency cash fund?
• Should I pay off student loan debt, or pay off credit card bills?
• Should I save for a child's college tuition, or save for my retirement?

In 5 minutes, the segment covers a half-dozen scenarios like the ones above, explaining what to do, and why to do it.

Ms. Orman's style may not interest you and financial advice is rarely universal, but the piece is worth watching.

Watch the clip on the NBC website.