Michael Petruccelli asks; What are the most common sources of household fires? (part 4)

Michael Petruccelli says; Clean the lint from your dryer vent at least every year. Replace any flexible nylon ducts with metal ducts to reduce the risk of fire.

Michael Petruccelli asks; What are the most common sources of household fires? (part 5)

Michael Petruccelli says; Have wood-burning stoves, pellet stoves and chimney flues inspected at least once a year.

Michael Petruccelli asks; What are the most common sources of household fires? (part 6)

Michael Petruccelli says; Whenever hiring someone to work on your home, be sure they are properly licensed and fully insured. Certain repairs, like soldering, plumbing or stripping paint with heat, utilize an open flame. If not done carefully and properly, fires can result. Electrical work that is done improperly is another leading cause of fires.

Michael Petruccelli asks; Why do you need a home service agreement? ( part 1) What are the Seller's benefits?

Michael Petruccelli says;  Both buyers and sellers rate home warranties as one of the most important considerations when buying or selling a home. Offers competitive advantage over homes without a warranty. Homes with a warranty sell faster and closer to the asking price. No cost for coverage until the home is sold (where allowed by law). Helps eliminate post-sale-disputes.

Michael Petruccelli asks; Why do you need a home service agreement? ( part 2) What are the Buyer's benefits?

Michael Petruccelli says;  After you have made your down payment, covered your closing costs, paid for your move, and all the incidental expenses associated with a new, the last thing you need is a costly repair. The Home Service Agreement protects you against repair or replacement expenses for covered appliance and systems during the first year you own your home. Protect against unexpected repair costs. One-year of repair or replacement-just a phone call away. Renewable where allowed by law. Money-back guarantee.

Michael Petruccelli asks; How do I keep my air conditioning system in prime condition?

Michael Petruccelli says; Check filters every month and replace as necessary. Keep your outdoor condensing unit clean and free of debris. Have your system annually serviced before each air conditioning season. 

Michael Petruccelli asks; What are the most common sources of household fires? (part 1)

Michael Petruccelli says; It is important for homeowners to recognize these potentially dangerous conditions and work to eliminate or reduce the risks. Most of these fires are preventable. Properly dispose of smoking materials and ashes/embers from a grill or fireplace away from the home in a fireproof metal container.

Michael Petruccelli asks; What are the most common sources of household fires? (part 2)

 Michael Petruccelli says; Be sure to turn off the stove if you have to leave it unattended- even if for a few minutes. If a grease fire occurs, do not try to extinguish it with water. Always use a fire extinguisher or a pan cover.

Michael Petruccelli asks; What are the most common sources of household fires? (part 3)

Michael Petruccelli says; Keep sufficient clearance between your personal property and the hot water heater or furnace.

Michael Petruccelli asks; What are some fire & home safety tips for grilling? (part 1)

Michael Petruccelli says; The National Fire Protection Association offers several safety tips for propane & charcoal grills. Before using a propane grill for the first time each year, and at the close of grilling season, check the gas tank for leaks. Apply a light soap and water solution to the hose. If bubbles are released, there most likely a propane leak. Be sure to get the grill serviced by a professional before using it again.

 

Michael Petruccelli asks; What are some fire & home safety tips for grilling? (part 2)

Michael Petruccelli says; If you are using a charcoal starter fluid or newspaper to start the grill, never add any flammable liquids to the fire. Use a heavy duty extension cord when using an electric charcoal starter.

Michael Petruccelli asks; What are some fire & home safety tips for grilling? (part 3)

Michael Petruccelli says; Let the coals completely cool before disposing the in a metal container. keep your grill clean by removing grease or fat buildup from the grills and tray below the grill. Do not grill near the home, deck railings, underneath eaves or overhanging branches.

Michael Petruccelli asks; What is a line of credit?

Michael Petruccelli says; An agreement by a commercial bank or other financial institution to extend credit up to a certain amount for a certain time to a specified borrower.

Michael Petruccelli asks; What is liquid assets?

Michael Petruccelli says; A cash asset or an asset that is easily converted into cash.

Michael Petruccelli asks; What is a loan?

Michael Petruccelli says; A sum of borrowed money (principal) that is generally repaid with interest.

Michael Petruccelli asks: What is a Loan Officer?

Michael Petrucelli says;  Also referred to by a variety of other terms, such as lender, loan representative, loan "rep," account executive, and others. The loan officer serves several functions and has various responsibilities: they solicit loans, they are the representative of the lending institution, and they represent the borrower to the lending institution.

Michael Petruccelli asks; What is Loan Origination?

Michael Petruccelli says;  How a lender refers to the process of obtaining new loans.

Michael Petruccelli asks; What is Loan Servicing?

Michael Petruccelli says; After you obtain a loan, the company you make the payments to is "servicing" your loan. They process payments, send statements, manage the escrow/impound account, provide collection efforts on delinquent loans, ensure that insurance and property taxes are made on the property, handle pay-offs and assumptions, and provide a variety of other services.

Michael Petruccelli asks; What is loan-to-value (LTV)?

Michale Petruccelli says; The percentage relationship between the amount of the loan and the appraised value or sales price (whichever is lower).

Michael Petruccelli asks; What is lock-in?

Michael Petruccelli says; An agreement in which the lender guarantees a specified interest rate for a certain amount of time at a certain cost.

Michael Petruccelli asks: What is a lock-in period?

Michael Petruccelli says; The time period during which the lender has guaranteed an interest rate to a borrower.

Michael Petruccelli asks; As a vehicle ages,does its fuel economy decrease significantly?

Michael Petruccelli says; A vehicle that is properly maintained will retain its efficiency for many years.

Michael Petruccelli asks; Does replacing your air filter will help your car run more efficiently?

Michael Petruccelli says; Modern fuel-injected engines automatically adjust their fuel-to-air ratio. Changing a filter won't increase fuel economy, but might improve performance.

Michael Petruccelli asks; Does using premium fuel improve fuel economy?

Michael Petruccelli says; Unless your vehicle was specifically designed for premium fuel or knocks severely with regular fuel, you will likely experience no benefit from using premium over regular.

Michael Petruccelli asks: Please take a moment to pay tribute to the victims and the families of the 9/11 attacks on the World Trade Center and the Pentagon.

Michael Petruccelli says; My assistant's, little brother Joesph was a broker at Cantor Fitzgerald. This moment is for Joey and all the other victims and those effected by this tragic event.

Michael Petruccelli asks ;Do Vehicles need to warm up before they can be driven.?

Michael Petruccelli says; Modern vehicles can be driven within seconds of being started, though the engine should not be subjected to extreme conditions until it has fully warmed up.

Michael Petruccelli asks; Does It takes more fuel to start a vehicle than it does to let it idle?

Michael Petruccelli says; Idling can use a quarter to a half gallon of fuel per hour. Turn off your engine when your vehicle is sitting still for any time longer than a traffic light.

Michael Petruccelli Real Estate: Michael Petruccelli asks; Do you have to drive a s...

Michael Petruccelli Real Estate: Michael Petruccelli asks; Do you have to drive a s...: Michael Petruccelli says; Advanced technologies are allowing standard-sized vehicles to be very fuel efficient. For the 2011 model year, s...

Michael Petruccelli asks; Do you have to drive a small car to get good fuel economy?

Michael Petruccelli says; Advanced technologies are allowing standard-sized vehicles to be very fuel efficient. For the 2011 model year, six of the top 10 most efficient vehicles are midsized cars.

Michael Petruccelli asks; What is merged credit report?

Michael Petruccelli says; A credit report which reports the raw data pulled from two or more of the major credit repositories. Contrast with a Residential Mortgage Credit Report (RMCR) or a standard factual credit report.

Michael Petruccelli asks; What is maturity?

Michael Petruccelli says; The date on which the principal balance of a loan, bond, or other financial instrument becomes due and payable.

Michael Petruccelli asks; What is margin?

Michael Petruccelli says; The difference between the interest rate and the index on an adjustable rate mortgage. The margin remains stable over the life of the loan. It is the index which moves up and down.

Michael Petruccelli asks; What are the storm names for 2011 in the Atlantic?

Michael Petruccelli says; 2011Atlantic Names - Arlene, Bret, Cindy, Don, Emily,  Franklin, Gert, Harvey, Irene, Jose, Katia, Lee, Maria, Nate, Ophelia, Philippe, Rina, Sean, Tammy, Vince, Whitney.

Michael Petruccelli asks; Do you have a plan if your family is seprated?

Michael Petruccelli says; Sit down with your family and discuss a family plan. If you are not all at home when the storm hits plan, how will you keep in touch. Where will you all meet if separated by the storm, or something should happen to your home and you must leave. What out of state person will you designate as you official hazard contact person? These are all important things to make clear to everyone in your family. This way if something should go terribly wrong you will all know what to do, which in a sense will keep you all a little calmer.

MIchael Petruccelli asks; How fast are the winds of a hurricane?

Michael Petruccelli says; Lets start at the least and work up to the highest according to the National Hurricane Center. Tropical Depression – wind speed less than 39 MPH, Tropical Storm – wind speed between 39 MPH and 73 MPH, Hurricane – wind speed between 74 MPH and 110 MPH, Major Hurricane – wind speed greater than 110 MPH.