Category Archives: Seniors

All about “Reverse Mortgages”–When to use, HOW to use, WHY they are a good tool for those in their later years

Here in Sonoma County the largest demographic are folks over 55. With an “aging” population the frequency of useage for “Reverse Mortgages” is on the rise. We’ve brought in expert Jill Gromm to give us a mini seminar on the various types of Reverse Mortgages available and WHICH one might be RIGHT for you!

Reverse Mortgage specialist

Reverse Mortgage for Purchase

 Why Use a Reverse Mortgage for Purchase

  • Empty nesters downsizing in retirement

Two-story to a single level  or Home or land too much to maintain

  • Relocation

Closer to family or friend

Closer to hospital and medical treatment

  • Unable to purchase/move in the past due to credit/income qualifications

Traditional loan still has a mortgage payment whereas with a reverse mortgage there is no monthly mortgage payment.

Easier to qualify for a reverse mortgage – (Bill S. 469 – HECM Stabilization Act of 2013 – will have a financial assessment qualification for the loan but we don’t know what that is going to look like)

Qualifying for a Reverse Mortgage

HERS Energy Rating, Energy Audit, Energy Retrofit…SCEIP…what does it all mean??

Tune in Sunday 11/27/2011 ~ 9-10AM , 1350AM KSRO; www.KSRO.com, as John Sutter of Applied Building Science joins us again to explain

                                              

BIO: John Sutter, Applied Building Science (ABS Northbay)

Applied Building Science is the North Bay’s premier building performance contractor.  We assess, repair, replace, and correct building defects to enhance the comfort, healthfulness, durability, and energy efficiency of our client’s homes and businesses.

Among the services we offer are audits and assessments, air sealing, window replacement, insulation enhancement, crawlspace sealing, appliance replacement, furnace replacement, duct design and replacement, solar electricity and water heating, ventilation enhancements, and air conditioning upgrades.  We are also a full service remodeling contractor.

We are also proud to be an authorized PG&E Energy Partners weatherization contractor, and a dealer for the most energy efficient windows made in America, Serious Windows.

Among our many certifications are Build It Green Certified Green Building Professional, CHEERS Whole House HERS rater, BPI certified building analysts, and California Building Performance Contractors Association contractor.

To find our how ABS can improve the comfort, healthfulness, and efficiency of your home while reducing greenhouse gas emissions please contact us at:

Office:  707.528.3468   Fax:  707.528.3433  Email:  info@absnorthbay.com

1350 Central Ave. #6, Santa Rosa, CA  95401

What is a Home Energy Rating?

A home energy rating involves an analysis of a home’s construction plans and onsite inspections. Based on the home’s plans, the Home Energy Rater uses an energy efficiency software package to perform an energy analysis of the home’s design. This analysis yields a projected, pre-construction HERS Index.

Upon completion of the plan review, the rater will work with the builder to identify the energy efficiency improvements needed to ensure the house will meet ENERGY STAR performance guidelines. The rater then conducts onsite inspections, typically including a blower door test (to test the leakiness of the house) and a duct test (to test the leakiness of the ducts). Results of these tests, along with inputs derived from the plan review, are used to generate the HERS Index for the home.

Unlike a Building Performance Audit or a weatherization assessment, a home energy rating is a recognized tool in the mortgage industry. Home energy ratings can be used in a variety of ways in the housing industry. Since a rating quantifies the energy performance of a home, the HERS Index provides an easily understandable means to compare the relative energy efficiency of different homes.

 

 

 

 

On this week’s show ~The Upside of Downsizing; Planning Ahead

On the Real Estate Hour Sunday 9:00-10:00am, Donna Von  Edelkrantz  of
Senior Transitions Move Management Services
will be calling in to discuss her upcoming seminar; The Upside of Downsizing
  • Planning Ahead/Being ProActive
  • Lightening Up Responsibilities/Living Fully
  • Practical Tips and Techniques
  • Valuable Resources
Senior Transitions serves the North Bay Area Senior Community by providing caring, compassionate and professional relocation and downsizing services. Donna von Edelkrantz, a Senior Move Manager and her team are dedicated in assisting seniors and their families manage the relocation and transition process from beginning to end. 
November 10, 2011 @ 10:30AM Santa Rosa Senior Center, Bennet Valley Rd.
707-778-0580, donnavone@comcast.net, www.donnavonedelkrantz.com

This Week on The Real Estate Hour; Aging in Place, tips for our growing population of Senior homeowners, and their families.

As the country braces itself for the “Silver Tsunami”, we need to arm our Seniors with good information and guide them through the on-slaught of  “help” they are being offered. Tune in Sunday 9-10AM on The News and Talk of Sonoma County KSRO 1350Am.

This week’s show will focus primarily on Senior homeowners who wish to remain in thier homes and “age in place” gracefully….and safely.  Our Guests Marilyn Barnes of Senior Helpers North Bay and Frank Samson of Senior Care Athourity are both strong supporters of the local senior community. They offer a wealth of information on aging in place with reliable in home care, home alterations that may be necessary, and ideas on other ways to make staying home a good, safe option.

Marilyn Barnes; Senior Helpers North Bay

 Marilyn has worked in the homecare industry for 26 years, starting as a caregiver on nights and weekends and moving to management approximately 11 years ago.  Marilyn is an active member in the Sonoma Co. Execs. and a member of the Section on Aging Chapters in Sonoma and Napa counties.  Marilyn has been instrumental in starting many community education programs to assist in a better understanding of what services are available, what each service does and helping seniors and their families connect with such services.

Frank Samson; Senior Care Authority

 Frank has had a passion for senior care since having to care for family members and personally experience the challenges that face families today.  After several years of researching the health care industry, he began Senior Care Authority, which has already helped many families throughout Northern California.

 Frank is a member of Section on Aging Chapters in Sonoma, Marin, Napa and Solano Counties.  In addition, he is part of the Senior Roundtable in San Francisco. He was also instrumental in starting the North Bay Senior Alliance (NBSA), which assists the aging population with services from in-home care, senior placement, Medi-Cal planning, financial planning and legal services., His expertise in senior care has given him the opportunity to write regular columns on this subject in local newspapers.  In addition, he hosts a weekly radio show called “The Aging Boomers” on 91.3 FM, KSVY, Sonoma.