Father’s Day is June 21st! Thanks, Dad

T here's more to being a dad than earning a

living and being an advisor to their children.

According to researchers in the Fatherhood

Project at the Families & Work Institute, interact-

ing with Dad is crucial for child development.

Researchers now know that even interactions

with your infant or toddler influence how your

kids will relate to other people later in their lives

and how they will view the world at large.

Other studies show that children whose fathers

played with them at age 2 tended to form closer,

more trusting relationships with others at ages 10

and 16.

Dads often tell the family stories to children,

giving them an anchor to their family as they grow

and experience life’s challenges.

For all the Dads and Moms out there who are look-

ing for the perfect place to anchor their families, I

hope you’ll call me. I can help you find the home of

your dreams.

Mortgage Interest Is Lowest Since 1990

L ow interest rates have set off a race among homeowners to

refinance, and the low interest rates are increasingly nudg-

ing undecided buyers finalize their purchase of a home.

In the week ending March 20, loan

terms for 30-year, fixed rate mortgages

fell to an average of 4.63 percent, the

mortgage Bankers Association reports.

Up to that point, it was the lowest rate in

the history of the survey, which began in

1990.

Mortgage applications were up 20

percent in that week over their year ago

level.

In addition to mortgage deals, attrac-

tive prices on homes and foreclosed

homes are drawing new buyers into the

marketplace. Up to 45 percent of exist-

ing home sales were distressed proper-

ties in this same week.

Individuals looking for a safer place to

invest are making real estate deals,

which also increased the number of

mortgage applications.

Refinancing

Refinancing of present mortgage loans accounted

for 78.5 percent of all mort-

gage applications in that par-

ticular week.

Real estate agents, mort-

gage brokers and lenders are

busy. Some lenders are

sweetening the deals in order

to move properties with such

offers as a "no points" clos-

ing.

Government loan modifi-

cation plans are also causing

homeowners to refinance. In

most cases, they should have

the aid of a professional to

assist them in deciding which

program would be best for

them.

“Green” Solutions: 1) Plant mint to keep mice from invading your garden; 2) Return unused or expired prescription medications to your pharmacy for proper disposal; 3) Pick up dog waste

with biodegradable scoop bags; 4) Remove the screensaver from your computer, use sleep mode instead and save 90 watts of power; 5)Use ice to sharpen the blades in your garbage disposal; 6) Set air conditioner thermostat to 78 degrees throughout the summer; 7) Put a cover on your pool so less water can evaporate; 8) Wash your car at a commercial car wash (i.e. Fair Oaks Car Wash) 9) Read magazines at the library instead of buying them; 10) Invite friends to summer gatherings electronically via “e-vite.com” or “sendomatic.com”

DENA LAND NEWSDENA LAND NEWSDENA LAND NEWS A MONTHLY NEWSLETTER BY LINDA LANE-WHITE—KELLER WILLIAMS REALTY

SERVING MY HOMETOWN OF ALTADENA/PASADENA AND OUTLYING AREAS

Linda Lane-White

“Singing” Realtor ®

CA Lic #01091347

Notary Public

(626)786-1231

June 2009

In Memory of my Father,

Bill Lane who passed

away on 6-21-95. You

were so full of wisdom

and had so many stories to

tell. I love and miss you!

xoxoxoxoxoxo

Q I'm a military

veteran and hav-

ing a difficult time

making my high

mortgage payments.

Is there any special

help available for

me?

A Indeed there is.

Veterans of

Iraq and other mili-

tary service can take

advantage of recent

changes that make

the VA's loan guar-

antee program more

flexible for borrow-

ers. The VA Stream-

line Refinance pro-

gram allows loans of

up to 100 percent of

the value of a home.

Maximum loan

amounts vary from

one part of the coun-

try to another. Before

these increased

maximums, VA

loans were capped at

$144,000.

The changes are

specifically designed

to assist veterans

with subprime mort-

gages so they can

refinance into a

safer, more afford-

able VA loan.

During wartime,

an active-duty mem-

ber of the military

needs only 90 days

of service to qualify

for the program. The

requirement for a

reservist or National

Guard member is six years, unless the member is

called to active duty, in which case the 90-day re-

quirement applies.

Jim Brown, CEO of Veteran Mortgage in Everett,

Washington, says many reservists don't know that

they qualify.

The VA charges an upfront funding fee, but the

fee is waived for veterans who have a 10 percent

disability or more. Borrowers must have a stable

income and reasonable credit history, though guide-

lines are generous and flexible, according to Brown.

Experts at Bankrate.com point out one advantage

over FHA and other loans. The VA does not require

mortgage insurance on loans that exceed 80 percent

of the home's value.

Not all mortgage brokers and lenders can offer

Veterans Affairs loans, but many do.

Across

1. "Welcome" site

4. ___ Today

7. "___ la la!"

8. Heirloom location

10. Bruin legend Bobby

11. Bridget Fonda, to

Jane

12. Colossus

14. Highest points

17. A pen for livestock in

southern Africa

18. Norse goddess of

love

21. Kind of feeling

23. Billiards bounce

24. "Fantasy Island"

prop

25. Number cruncher, for short

26. Feminine suffix

Down

1. Jersey call

2. Blood carrier

3. Thunderflies

4. Colorado Indian

5. As written

6. Trick taker, often

8. Type of word play

9. Skin problem

13. ___ Rose

15. American symbol

16. Veers

18. TV monitor?

19. Bad-mouth

20. Baseball stat

22. "___ the season ..."

The title is a clue to the

shaded diagonal word.

High Finance Crossword

Veteran

Refinancing

Happy Birthday Kathryn Melton—4th

Adam Odisho—4th

Shanti Molina—8th

Craig Peery—10th

John Welton—13th

Ramona Rodriguez—14th

Chris White—16th (Happy 50th)

Shelly Parker—18th

Chris Williams—20th

Rebecca Mitilineos—22nd

Kitty Nickerson—24th

Fred Shotlow—29th

Happy Anniversary Coreen & Peter Larson—1st

Kitty & Kyle Nickerson—12th

Joe & Sherry Cavallo—14th

Paul & Juanita DeVaugn—15th

Eric & Alice Blackwood—22nd

Henry & SunYoung Moon—23rd

Robert & Connie DeVaughn-27th

Chet & Jackie Kelsey—29th

Dena Land News—Linda Lane-White • Keller Williams Realty (626) 786-1231 • www.lindalanewhite.com

Ask an Expert

Want to know what has sold re-

cently in YOUR area. Send me an

e-mail or give me a call and I’ll

custom tailor a list just for you! Linda Lane-White (626) 786-1231

or lindalanewhite@sbcglobal.net

Active Adults Corner Trust Linda Lane-White as your Seniors Real Estate Specialist®

Pasadena Senior Center 85 E Holly Street, Pasadena 626-795-4331

Senior Olympics - June 6-28 Contact Cynthia Rosedale at 626-685-6754 or cynthiar@pasadenaseniorcenter.org

www.pasadenaseniorcenter.org,

www.californiaseniorgames.com

Friday Movie Matinee - 1:30 6/5 Frost/Nixon, 6/12-Sunset Boulevard, 6/19 Curious Case of Benjamin Button

Dementia & Memory Loss —12pm is time for the lec-ture. Make reservation by calling 626/795-4331

Billiards Tournament—6/13 10am Call George Heusenstamm at 818/248-0537 or email

gandmheuss@earthlink.net

Maintenance & Prevention of Diabetes—6/18 10:30am

Putting Your Life Story Down and Getting it Pub-

lished—6/19 10am FREE Seminar. More info call Raul

626/685-6706

Class Tasting—6-22&23 9am to 12pm Test drive differ-ent classes at the center.

Altadena Senior Center 560 E. Mariposa St., Altadena 626-798-0505

Friday Movie Matinee 12:30 Films vary Exercise 9am Every Monday, Wednesday and Friday Bingo 12:30 Every 2nd and 4th Thursday of the month Sign up now for the July 9th trip to Rubel Castle in Glendora

Ingredients:

1 cup lemon low-fat yogurt

3 tablespoons vegetable oil

2 egg whites

1/2 cup sugar

1 1/2 cup flour

1 tablespoon grated lemon peel

2 teaspoons baking powder

1/2 teaspoon baking soda

1/4 teaspoon salt

1 1/2 cups fresh or frozen blueberries (be sure

that any frozen fruit you decide to use be thawed

and drained before adding to recipe)

Directions:

Heat oven to 375º F. Spray a 9x9x2" square pan

with nonfat cooking spray. Beat yogurt, oil, egg

whites and sugar in a large bowl. Stir in remain-

ing ingredients except blueberries. Carefully

stir in blueberries and spread all ingredients in

pan. Bake about 45 minutes or until cake springs

back when

touched lightly in

center. Cool 10

minutes.

Blueberry Coffee Cake

The Altadena Summer Beach Bus Starts June 23rd (other areas see http://ladpw.org/PDD/beach_bus/index.cfm)

All Children and Adults ................... $3.00

Sr. Citizens (60+) ............ $1.50 (bring ID)

Persons with Disabilities..................$1.50

Trips are Tuesdays, Fridays, Saturdays and Labor Day

Pickups are from 9:15 to 9:50am throughout Altadena. Arrive at

the beach at 11am. Then the bus leaves Santa Monica Beach at

3:30 to return to Altadena.

Call 888-769-1122 for more info

When Buying or Refinancing...

Call Peter First Peter Cosfol

& Augusta Financial

Get Pre-Approved Senior Loan Officer Augusta Financial is a service oriented mortgage company that specializes in residen-

tial financing. We have many loan programs to help our clients with all of their mortgage

needs.

Peter offers the best pricing with the lowest fees!

Peter will personally address all of your questions and concerns regarding the loan process!

Augusta Financial makes the loan process seem easy!

Augusta is both Broker and Mortgage Banker!

We offer In-house processing and funding!

It’s a GREAT time Buy or Refinance!

(661) 260-2970 Office · (661) 291-2234 Direct · (818) 281-1466 Cell

Who do you know right now who’s looking to buy, sell or invest in real estate? Give me a call or send me an E-mail. I’m never too busy for your referrals to friends or family.

Linda Lane-White (lindalanewhite@kw.com or 626-786-1231)

Disclaimers: All real estate information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither

listing broker(s) nor this company shall be responsible for typographical errors, misinformation, misprints and shall be held totally harmless. If your property is currently listed with another

real estate broker, this is not a solicitation of that listing.

Level 1-Commercial 560 sf

Level 2- 1 BR/1BA 560 sf

2 Car Garage 400 sf

Laundry Room 64 sf

2,997 sf lot

Separate HVAC Units

Separate Electric Meters

Dual pane laminate glass

Alarm System

Security Gates

(10% down financing is

available for owner/user)

Highlights

Mixed Use

Live/Work

Owner/User

Investment

Enterprise

Zone

Tax Credits

Hiring Credits

Zoned FGSP-CL-1B

Use Code: Retail/

Residential

1564-66 N. Fair Oaks Ave., Pasadena, CA Open House Every Saturday from 2 to 5pm

Bring me a buyer for $599,000—Free LCD TV!

Completely renovated, vacant, free-standing

building, great street frontage Call (626) 786-1231 for more information

www.1564NFairOaks.com (Construction by Ceedub Construction)

Investing in real estate: The time has come

P eople just like you are scoop-

ing up bargain-priced prop-

erties. They could be getting the

bargain of a lifetime. It is a great

time to invest.

First timers: If you haven't

owned a home in the last three

years, it's an even better time to

buy. According to the govern-

ment mortgage assistance pro-

gram, you are considered a first-

time buyer and are eligible for

the first time homebuyer tax

credit.

Under that program, singles

with income of up to $75,000 and

couples earning up to $150,000

can claim a tax credit of up to

$8,000, ($4,000 for singles)

which does not have to be paid

back. The home must be pur-

chased between Jan. 1 and Dec.

1 (not December 31) of 2009.

This is an "above the

line" tax credit, which means

you don't have to itemize taxes

to get it.

Investing wisely: Even if

you aren't eligible for that pro-

gram, prices of many homes are

lower than they have been in a

long time. Today's super-low

interest rates, five percent of less,

make investing in real estate a

smart move.

I can guide you through your

search for the right property, one

that will bring you a profit right

now. Though many home prices

have fallen, most rents have not,

and rents are still rising in many

areas.

A well-established real estate

agent knows the neighborhoods, is

familiar with the properties in-

volved, can help to secure a favor-

able financing deal and trouble-

shoot the whole procedure.

Foreclosures and auctions: Some-

times a buyer can work directly

with the bank or lender that is fore-

closing on a property or one that is

putting it up for auction.

Unfortunately, the buyer could

make a cat-in-a-bag deal, acquir-

ing a property on which there is

little history available. The prop-

erty may not come with an ap-

praisal from a reputable company.

Generally, this buyer is on his

own without a real estate agent to

negotiate for him or defend him.

W hen the home you want

does not have a mortgage

or has one the seller is willing to

carry, seller financing can be a

great deal for a person buying a

home.

Usually, the seller will want

10% down, but not always. The

interest rate charged could be a

point above the lowest bank rate.

But one big advantage: The seller

usually doesn’t require mortgage

insurance, meaning the monthly

payment will be lower in any

case.

The loan can be constructed on

a 30-year basis. Most seller-

finance deals, however, last for 5

to 7 years, then are settled with a

balloon payment for the balance.

Sometimes, a buyer who opts

for seller financing will be in a

better position 5 or 7 years down

the road and will then be able to

qualify for a 30-year conventional

mortgage.

When buying a seller-financed

property, be sure to get a current

appraisal. Get title insurance for

a few hundred dollars. It will

show any tax liens and any other

claims that could affect a prop-

erty transfer. And, of course, con-

sult your local Realtor—me!!

- Linda Lane-White

Seller Financing Can Be An Option For

Some Buyers/Sellers

Dena Land News—Linda Lane-White • Keller Williams Realty (626) 786-1231 • www.lindalanewhite.com

CEEDUB

CONSTRUCTION RESIDENTIAL & LIGHT COMMERCIAL

With over 30 years of experience, we work

with you to achieve your dream.

Call Today For A Free Estimate

(Licensed/Bonded/Insured)

(626) 786-1229 CHRIS WHITE, OWNER

Ca Lic #883002

www.ceedubconstruction.com

Pasadena Market Center

445 S. Fair Oaks Avenue

Pasadena, CA 91105

Cell: (626) 786-1231

Home Office: (626) 798-2382

Fax: (626) 296-1979

lindalanewhite@sbcglobal.net

Home Office: 519 Alameda, Altadena

I n T une Wit h Your Needs

If You Would Like To Receive This

Newsletter on a Regular Basis for

Guaranteed Delivery (Snail or E-Mail)

Call me or send me an E-Mail...LLW

Linda Lane-White “Singing” Realtor® CA Lic #01091347 (since 1990)

Notary Public (since 1987)

Each Office Is Independently Owned and Operated

www.lindalanewhite.com

Search the MLS on my web site!

Dena Land News June 2009 Happenings Every Sunday 6pm to 8pm Concerts in the Park, Memorial Park 1301 Foothill Blvd La Canada

Various Dates Support our local Coffee Gallery in Altadena (Ian Whitcomb, I’m so sorry I missed you

on May 31st!) Various acts perform at 2029 N Lake Call 626-398-7917 or www.coffeegallery.com

Jun 5 7:15 to 11pm Robert Kyle performs at Red White & Bluezz www.robertkyle.com

Jun 6/7 American Cancer Society’s Altadena Relay for Life Starts at 9am on Saturday and goes for 24

hours at Farnsworth Park. Free live music event...pack a picnic and go!

Jun 6 8am to 12pm Christmas Tree Lane Bulb Testing. Come for refreshments and lunch and sit down

and test bulbs while meeting your neighbors. 2062 Santa Rosa, Altadena 626-926-5045

Jun 6 11-4 Mountain View Mausoleum Open House 2300 N Marengo, Altadena 626-797-8016 $15

Jun 6 12pm John Muir Class of 1979 Reunion Committee Meeting. JMHS Library 626-786-1231

Jun 6 11-7 & Jun 7 10-7 On The Trail of: A Half Mile of Al Fresco Installations, Sculptures and Perform-

ances. Hahamonga Watershed Park 626-398-9278 www.newtownarts.org FREE

Jun 7 1pm Castle Green Tour 99 S Raymond, Pasadena www.castlegreen.com626-577-6765$20

Jun 7 10-4 L.A. Concours de Elegance. Rose Bowl. www.laconcours.com

Jun 7 Pasadena POPS—Free Concert Under the Stars Pasadena City Hall 100 N Garfield. 5:30 pre-

concert fun ...7:30 concert begins

Jun 7 6-10pm 6th Annual Swingin’on a Star 5 Acres Benefit Gala-1 Colorado,Pasadena 626-798-6793.

Jun 13 & 20 8am to 12pm Christmas Tree Lane undergrowth clearing. Santa Rosa/Woodbury

Jun 13 8am California Friendly Landscaping Class Salvation Army 960 E Walnut, Pasadena

www.pwpweb.com

Jun 14 Flag Day—Fly your flag proudly!! Give ―Old Glory‖ its due.

Jun 14 7pm Elliott Caine Jazz Trumpeter Farnsworth Park Summer Concert—Top of Lake in Altadena

Jun 20 10amPasadena Chalk Street Painting Festival.Paseo Coloradoww.pasadenachaulkfestival.com

Jun 21 11am-8pm PUSD All School Reunion Classes of the 70s BBQ-Picnicpalooza. Farnsworth Park –

Top of Lake Ave in Altadena. Food 12-6. Call Mark DuCre at 702-762-5190 for more info

Jun 21,24,25,26,27,28 Levitt Pavilion Events & Concerts in the Park www.levittpavilionpasadena.org

Jun 21 Leigh Adams exhibit at the Howeeduzzit Gallery 821 S Raymond #27, Alhambra 626-458-8811

Jun 27/28 10am-6pm Riviera Village Summer Festival Redondo www.rivieravillage.org/events

Jun 27 11-6 1st Go Mustangs Celebration at John Muir626-798-7881 www.gomustangs.ning.com

Jun 27 7-11pm L.A. Chinatown 71st Anniversary 943-951 N Broadway, L.A. www.chinatownla.com

Jun 28 7pm Downbeat Express,Altadena’s Big Band. Farnsworth Park—Top of Lake in Altadena

Heads up! July 4 12pm Americafest 4th of July Celebration Pasadena Rose Bowl 626-577-3100

www.rosebowlstadium.com $13

ATTENTION

FIRST TIME HOME BUYERS

GET YOUR $8,000 HUD TAX

CREDIT NOW TO USE WITH

YOUR DOWN PAYMENT!

Effective as of May 29, 2009,

HUD tweaked the stimulus tax

incentive so first time home

buyers can get INSTANT as-

sistance with down payment

and closing costs.

With FHA financing, a 3.5%

down payment including the

$8,000 Tax Credit, you can

now get into your new home

sooner rather than later.

Call me for details:

Linda Lane-White

Keller Williams Realty

(626) 786-1231