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Gene Mundt, Mortgage Lender - Direct: 815.277.4036    Cell/Text: 708.921.6331
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Recent Posts

Opening Night Coming for Joliet Slammers Baseball!
Multiple Offers and Appraisals ... Learning to Co-Exist Successfully
Buyers Decide Within 8 Seconds Whether They Are Interested In A Home
Students from Naperville, IL to Appear on "Late Show with David Letterman", Thursday, May 10th
I May Not Be Yoda, but I'm Darn Close!

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Seeing the Light ...a Simple Guide to New Light Bulbs


Seeing the Light ... a Simple Guide to
New Light Bulbs 
  

     Back in 2007, a new law entitled, "The Energy Independence and Security Act" was signed.  It was expanded upon in 2010.  As a result, new requirements and efficiency standards were placed in line for the common light bulb.

     Well, I walked down the light bulb aisle at Home Depot about a week ago and Wow!  Talk about confusing!  So over this  weekend, I did a little reading ... and I thought I'd share what I found.  Hopefully it will prove beneficial to you and the links provided will serve as some guide when you're shopping for light bulbs next time.

    First: The bulbs that are being phased-out are the four most common incandescent bulbs used ... the 40-watt, 60-watt, 75-watt, and 100-watt bulbs.  Sales and supplies of these bulbs will not automatically cease upon the implementation date of the new standards.  Stores will be able to sell their existing supply of 100-watt incandescent bulbs until they're out of stock.  Manufacturers will not be able to produce any more of the bulbs, based on their old energy-emitting standards beyond the law's implementation date.

      It's estimated that as much as 90% of the energy emitted from the old traditional incandescent bulb is wasted as heat, not light.  90%!  The newer, more energy-efficient CFL's (Compact Fluorescent Lights) and LED's  (Light-emitting Diode) can produce the same amount of light while using far less energy.

    Second:  Forget the old standard terminology.  What you need to know and understand now is "lumens".  New light bulb packaging will be required to display "LIGHTING FACTS".  This should be helpful to you while trying to make a comparison of products and buying.   Here's a handy guide that will help you replace your old wattage bulbs with those rated on lumens:

  • To replace a 100-watt incandescent bulb, look for a bulb that gives you about 1600 lumens. If you want something dimmer, go for less lumens; if you prefer brighter light, look for more lumens.
  • Replace a 75W bulb with an energy-saving bulb that gives you about 1100 lumens
  • Replace a 60W bulb with an energy-saving bulb that gives you about 800 lumens
  • Replace a 40W bulb with an energy-saving bulb that gives you about 450 lumens.

    Third:  Other terminology that will now become important refer to the bulbs appearance as "warm" or "cool".  The bulb you choose for a specific location will most likely be based upon your personal taste for these conditions of lighting.

     Fourth:  You DO stand to save energy and money through replacement of your old bulbs with the new.  But how much? 

    
     Below is a rule-of-thumb guide, as to those savings:

  • Energy Saving Incandescents — about 25% energy savings
  • CFLs — about 75% energy savings
  • LEDs — about 75% – 80% energy savings

     It's estimated that  an ENERGY STAR  CFL bulb typically lasts up to 10 times longer than your old traditional bulbs.  And ENERGY STAR qualified LED bulbs do even better,  lasting as much as 25 times longer.

     Yes, these new more energy-efficient bulbs cost more initially.  That can't be argued.  But if you truly realize the savings predicted above over the life of your new bulbs ... you'll be hearing "cha-ching"!

    Fifth:  So you make the decision to replace your old bulbs and invest in new, more energy-efficient ones.  What other information regarding the new bulbs will be helpful moving forward?

     Because CFL's (Compact Fluorescent Lights) contain a small amount of mercury  within them, at the end of their lifespan, these bulbs should be recycled.  That recycling can be accomplished in a variety of ways, but below are your most convenient and accessible.  


     Just a note too ... ENERGY STAR-qualified bulbs earn a ENERGY STAR label by meeting the energy efficiency requirements set forth in ENERGY STAR specifications. ENERGY STAR is the government-backed symbol for energy efficiency helping us all save money and protect the environment through energy-efficient products and practices.  They provide a replacement program to protect your purchase, should the bulb you buy not work.  This is a feature that could be very helpful and cost-wise, given the upfront expense of the new bulbs. 

     Also, please note that not all bulbs are being phased out.  Be aware that the following are not effected by the new law.  The Energy Security Act focuses primarily on "general service light bulbs."  A long list of specialty light bulbs, including plant lights, bug lights, appliance bulbs (such as refrigerator lights), colored "party" bulbs, rough service, 3-way incandescent, and candelabra base bulbs are presently on the exemption list.   Some of exceptions will be reassessed in 2020.

     I hope the above information "sheds some light" on the topic of the new federal standards surrounding light bulbs for you.




     * Taking steps to save money is always wise.  Why not see if you can save money within your present home by refinancing ... or buying a home VS renting.  It costs you nothing to inquire and get the answers you need. Contact me today!  I'll be happy to talk over your personal financial scenario and seek a money-saving solution for you.
    I can be reached through any of the following means:
Direct:  815.277.4036   Cell/Text:  708.921.6331
Skype:  630.219.1316

The Rat That Stole the Show



The Rat That Stole the Show

 
 
    Home Sellers - this is a cautionary tale told at time when buyers are skittish and homes for Squirrelsale are aplenty.  If your home does not meet their standard they will bolt and head to the next home or the next one after that.  Your domino tiles have to be lined up perfectly.
 
     This week a colleague had an inspection of a home in the North Shore - she was representing the buyers.  Their biggest worry was that the house had a dryvit exterior (also known as a synthetic stucco) and that was what they wanted their inspector to focus on. He never got that far.
 
     He headed to the attic first and came back down with some stunning news.  The attic was infested with creatures - maybe they were rats, squirrels, possums, raccoons, who knows?  It didn't matter - the insulation was shot - completely burrowed through with animal feces and fur, and animals quickly scurrying away. Suddenly, the buyers didn't care about the dryvit - they canceled the inspection and they canceled the contract.  They have already moved on to several other homes they like.  End of story.
 
     Ruined attic insulation.  But is it?  Does it have to end this way?
 
     Are you thinking about selling your home?  Is your home currently for sale?  You will have the best shot at selling it if it priced right - that is the NUMBER 1 consideration you have.  This is not the time to test the market or not be fully motivated in your desire to sell.
 
     But at the same time, even a very compelling price can't undo the negative perception that an attic full of woodland animals will create.  Years ago, a buyer would have asked the seller to remove the animals, clean the space, and replace the insulation.  The sale would have probably been consummated.  Not so today.  The tipping point is much lower than it used to be and the only way to prevent a lost sale is make sure your house has no surprises.
 
     Consider getting your house pre-inspected by a certified Illinois inspector.  The cost of the inspection varies depending on the size of your house and the inspector you use, but generally they range from $400 to $800.  It is money well spent compared to the cost of not being able to sell your house.  If you find a problem you can mitigate it for much less than a buyer would demand. 
 
     Yes, the buyers will still conduct their own inspection - but you can rest easy that the rats won't steal your show. 
 
 
     If you are thinking about selling your Winnetka or North Shore home, please call me. I'd be happy to discuss and recommend good certified inspectors.
 
 
I sell homes in the following areas:

Margaret Goss GRI, CRS
Baird & Warner, Winnetka IL
847-977-6024

If You Are Thinking of Buying a Los Angeles Home, Rein in your Holiday Spending



If You Are Thinking of Buying a Los Angeles Home, Rein in your Holiday Spending



    As a mortgage lender, I cannot applaud the message in this blog by Jane Peters (Los Angeles Real Estate)loudly enough or counsel you to heed it any more urgently ... whether buying in Jane's area of expertise, Los Angeles ... or or in mine, the Chicagoland area.

     Especially heading into the holiday season, the temptation to buy or open up new credit can be great.  For those buying a home, contemplating doing so, or those just recently closed on their loan ... adding to your debt, opening new lines of credit, or even simple credit inquiries can prove catastrophic and lethal to your transaction.

    Heed the advice that Jane Peters offers within her post.  Listen to your mortgage lender too.  Put your purchases and new credit applications on the back burner and out of your mind until you have achieved the goal you are seeking ... that being your new home at the best purchase price and interest rate possible.

    Working with professionals that will advise you prior to, throughout, and after your home buying transaction is vitally important.  In Los Angeles, that professional is Jane Peters, Los Angeles Real Estate ...
Gene

 
 


     You are excited about buying a Los Angeles home and have been very good about keep your credit immaculate.  However the holiday season looms putting your hard work in jeopardy.

     Your shopping list sits in front of you beckoning.  You are probably not going to pay cash for all those gifts, or write a check. 

     You may open store credit, apply for a new credit card, or simply jack up your balance on your existing credit card. Too many enquiries on your credit in a short period of time is going to cause your credit score to drop.  Simple opening a new line of credit can cause your score to drop by 52 points and raising your credit card debt can also decrease your score by around 68.

     This drop in score can cause a potential homebuyer to miss out on getting the best mortgage rate. If you are thinking of buying a Los Angeles homeThe Mortgage Reports advises caution, especially during the holiday season. 

     Don't open any new lines of credit, finance any expensive purchases, increase your credit limit, or make any other rash financial moves.

 
     Buying or Selling Los Angeles Real Estate:

     Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you're new to L.A. Town. You'll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

     When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.

     If you are an absentee owner, you'll need someone to handle all the details that you can't handle remotely. That's where I come in - I'm there when you can't be. I also specialize in lease property in Los Angeles.
 
     For more information on how I can best serve your Los Angeles real estate needs, don't hesitate to fill out the contact form or give me a call at 310-473-6919.

    Jane Peters, connecting you to the L.A. real estate scene. 
Buying or selling real estate in Los Angeles can be an overwhelming process. 

     Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

It's Going to be HOT in Chicago and Chicagoland this Holiday Weekend! Protect Yourself During 100 Degree Heat and Sun ...

 
 
 
 
    
     The Chicago SunTimes says 100.  The Chicago Tribune/WGN's Tommy Skilling says 100 too!
 
     What am I talking about? 
 
     The Chicagoland weather forecast for this week!  That means heat and dangerously high temperatures.  It also means sunshine.  Lots and lots of sunshine.
 
     Two of summer's most potentially damaging health issues can result from heat and sun.  A cool, comfortable place to stay during extreme temperatures is a must for Chicagoland residents and visitors. 
 
     The State of Illinois' "Keep Cool" Campaign makes over 120 state facilities available as cooling centers.  Cooling centers are open throughout normal business hours (8:30 am to 5:30 pm, Monday through Friday) at these facilities.  Extra information is available by calling the Illinois Department of Human Services hotline at (800) 843-6154.
 
     Many park districts, libraries, churches, community centers and more are available as cooling centers throughout Chicago and Chicagoland communities.  If looking for a cooling center in your community, please check with your local village hall or police station.  They should be able to direct you to the nearest center or to those that can provide assistance. 
 
     If you know of seniors that live in your area, please ... check on them periodically to make sure they are safe and comfortable throughout this heat wave.  They are among the most sensitive to high temperatures and the health damage it can cause.  Additional info on the "Keep Cool" Illinois campaign can be viewed at:  http://www2.illinois.gov/KEEPCOOL/Pages/coolingcenters.aspx.
 
     The second health issue surrounds the protection of your eyes to high-intensity light.  The sun's ultraviolet (UV) rays can severely damage the lens and cornea of your eyes.  Those that work outside are particularly susceptible, often getting cataracts.  Should outdoor work be near water, concrete, or sand ... the light bouncing off these surfaces can be especially damaging.
 
     Sunglasses are a must and should be worn whenever outdoors, whether in hot, mild, or cold weather.  How do you know what sunglasses protect your eyes best though?
 
     When shopping for sunglasses, pick those that offer the following:
 
  •      Full protection against the UV rays ... both UVB and UVA.  That means the lenses block either 99% or 100% of these rays. 
  •      Also make sure that the lenses meet the standards of the American National Standards Institute.
  •      Lenses that block light rays with wavelengths of up to 400 nanometers (UV 400).
  •      Gray lenses.  Sunglasses with gray lenses cause the least color distortion when worn.
  •      Polarized lenses.  Polarized lenses address reflected glare issues, improving the ability to see.
  •      Wraparound sunglasses protect you best.  They block light from entering from the side and hitting your eyes. 
  •      Larger lenses are recommended for the same reason.  Coverage from brow to cheekbone is best. 
    
     Adding additional light coverage is good.  Wearing a hat with a protective brim, along with sunglasses, will block sunrays more completely from hitting both skin and eyes.  Sunlight is at its' strongest and most intense between the hours of 10 am to 4 pm.  Limiting exposure during those hours, if possible, is wise.
 
     Contact lenses are now created that can protect eyes from UVA and UVB light too.  Check with your eye doctor to make sure that any contacts you have are recommended by the American Optometric Association. 
  
     Sunglasses should be worn from early ages on.  Just like being in a carseat, toddlers/youngsters should learn that sunglasses are meant to protect them and are a necessary piece of "equipment".  Children's sunglasses should follow the same guidelines as adults.  To make it more enjoyable for kids to wear sunglasses, let them choose something that is protective, but fun.
 
     Enjoy the warm weather, but protect your health, eyes, and each other throughout the hot days ...  

The County of Will, IL Offering Electronic Recycling Pick-Up Service for its Residents

 
 
Will County, IL OfferingElectronic Recycling
 Pick-Up Service to its Residents
 
    
 
    
    Will County, IL residents now have the benefit of a new electronic recycling pick-up service available to them.  This new pilot program is FREE to all residents that reside within the WillCounty communities of:
    
Aurora, Bolingbrook, Crest Hill, Elwood, Homer Glen, Joliet, Lemont, Lockport, Minooka, Naperville, New Lenox, Plainfield, Rockdale, Romeoville, Shorewood, Wilmington and Woodridge, IL. 
 
    This new program is expected to expand its services to allWill County residents by the end of the year 2011.
    
    Will County ... along with  Vintage Tech Recyclers  out of Romeoville, IL ... will accept electronic recyclables. Vintage Tech is working with electronic manufacturers to make funding for this program possible.
 
   Will County, IL is presently preparing new legislation that will establich electronicrecycling sites within its borders.  This pilot program is the first FREE household pick-up service offered within the State of Illinois. 
 
    Residents within the County of Will, IL wishing to set-up an electronic pick-up must contact Vintage Tech Recyclersdirectly at 877.786.4715 and asking for Jimmy Larkin.  Mr. Larkin may also be contacted via email at: james.larkin@vintagetechrecyclers.com.
 
    Electronics accepted by Vintage Tech Recyclers/Will County are:
 
    Computers, laptops, monitors, printers, TV's, all types of telephones, answering machines, computer mouse devices, keyboards, zip drives, computer cables, string lights, microwaves, fax, scanners, MP3s, PDAs, video game consoles, video cassette players/recorders, and DVD players. 
 
     If you have a piece of electronic other than these, please contact Vintage Tech Recyclers for further info.
 
    A limit of 10 items per service call is enforced.  Additional service calls must be arranged for additional items.
 
    Pick-up is made to first-floor entrances only.  For anyone living in apartment residences .. or for those without front-door access, please contact the Will County Land Use Department, 815.727.8834 for additional info.  This department may also be visited via their website at: http://willcountylanduse.com/ 
 
     This new program was developed to address the changes made by the Electronic Products Recycling and Reuse Act, passed by the IL General Assembly during 2008.  That Act designates that landfills within the State of IL will no longer accept many electronic materials.
 
     This new Will County, IL program has been up and running since April 1, 2011.
 
 
    *  Should you need help and guidance regarding the financing of a new home ... or refinancing your current home in Will County, please contact me today at: Direct:  815.277.4036   Cell/Text:  708.921.6331 
Email: gene@chicagobancorp.com  or through my website at:
http://www.genemundt.com/Contact-Info.htmlI will be happy to offer you the benefit of my services and knowledge gained from over 35 years of mortgage lending experience.