Home improvement loans

FHA and Fannie Mae offer loans for home energy improvements. The FHA’s PowerSaver program allows those homeowners who are eligible to borrow up to $25,000 for “green” improvements, while Fannie Mae has an add-on program to mortgages specifically for energy-improvement. You can read all about these two loans at the Los Angeles Times.

Online mortgage shopping made easier

The vast amount of information available online about mortgages – such as interest rates, loan benchmarks, prepayment penalties, and the like – can cause home buyers to feel confused and overwhelmed when shopping for a mortgage.  Most surprisingly, a recent survey found that only 61 percent of homeowners surveyed said they comparison shopped for a …

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Paying Off the House in 15 Years

Paying Off the House in 15 Years A growing number of homeowners are choosing to pay down their mortgages at a faster rate–even if it means a substantial jump in their monthly payments. Between January and June, 26% of homeowners who refinanced chose a 15-year fixed-rate mortgage, according to data from CoreLogic, a provider of …

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