Utility bills spike dramatically around the country during the winter and summer months. Heating and cooling a home that doesn’t efficiently use energy can push those bills even higher.
And it can be difficult to afford the major renovations to make your home more energy efficient, and in a credit-strapped economy, it can be even harder to find willing lenders.
That’s where Energy Efficient Mortgages come in. Whether purchasing a new home or refinancing, you can add an EEM and get the additional capital you need to make energy-conscious improvements.
The VA loan, intended to help military members secure a home, may inadvertently become a hindrance. The loan’s strict requirements, which are meant to protect the buyer, could make it difficult for service members to purchase a foreclosure.
Since the collapse of the housing market, foreclosed homes have become abundant. In many areas, they represent the best deal for future homeowners. Yet, for active and retired military members, there are unexpected obstacles.
The challenges of maintaining a secure hold on one’s financial responsibilities are heightened during periods of active duty.
Mortgage payments in particular can become a significant hurdle. But active duty and recently discharged service members are protected from a host of civil and financial penalties thanks to a unique law.