Was the 2008 sub-prime mortgage crisis, really solved? Many families continue to struggle as college graduates search for jobs and inflation keeps rising. At times like these, it can be difficult to think of home repairs, but homeowners can’t let their properties deteriorate, can they?
Are there any home improvements that you have been contemplating lately? Are you struggling to make ends meet already? Learn more about three Programs a that could help you and millions of homeowners qualify for a $4,000 rebate.
Times Are Tough
As a homeowner, you are probably balancing many different concerns. You have a family to protect, your college graduate might be living with you due to the poor job market. You might even have had your elderly parents move in with you. This could place a tremendous burden on your home structure.
You not only need to engage in normal home maintenance and repair, but you might also want to add a new room for your family members. Is there a baby on the way? Do you have any tiny pipes, which should be replaced? Have you considered the energy savings of tankless water heaters?
If your roof started to leak due to disrepair, this would only cost you more money in the long run. It pays to get these home improvement costs completed immediately. You also might want to upgrade your appliances, HVAC or home Internet connections. Adding a nice new home security system would help your family sleep more peacefully at night.
Troubled Banking Relationship
Banks are great when everything is copacetic, but miss one payment and suddenly you are Public Enemy # 1! You not only will be strapped with extra penalizing fines for not making your payments on-time, but you also might suddenly receive the dreaded courtesy calls all day long!
High Interest Rates
Many Americans are finding themselves underwater in their mortgages. They know that they might not qualify for the home equity line of credit (HELOC). Even if they did, the interest rates would probably be prohibitive.
Personal loans might also not be feasible, if you have high credit card or student debt. Once again, high interest rates could sink your budget. When you are struggling financially, you don't want to overburden yourself with even more unmanageable debt.
So, what can you do?
Thankfully, the United States government has not completely abandoned you. Many World War II veterans were able to purchase their first homes with guaranteed loans from the VA, FHA or HUD. The politicians understand that everyone benefits from your home improvement:
You might need to hire local carpenters to do the work. This would increase employment.
Your home value would increase. This would be beneficial for property taxes.
Your family would have a better property. This increased wellness would make you all more happy and productive.
Everyone wins with home improvement!
The nice thing about home ownership is that any loans against your property are considered "secured" - your house is collateral. Thus, you should be able to qualify for a lower interest rate. Furthermore, with "cash-out financing," you not only get the money for the home repairs, but you also might get a little extra to pay off your credit card debt, pay for a vacation or start your own business.
The good news is that the United States government still understands the value of home maintenance, repair and improvement projects. Due to its size, government loans have a lower interest rate. You can qualify for one of the Programs Here
Experts estimate that nearly 700,000 Americans qualify for these savings, but still have not taken advantage of this opportunity. Even if you have refinanced recently, you still might qualify. Uncle Sam has got your back.
Free Government Programs
The amazing thing is that these Programs Here are completely free to understand your eligibility. You have no obligation to accept any of these programs. You are free to review the offers made by various brokers of these financial programs.
Uncle Sam knows that having his American housing properties deteriorate would be disastrous. You, as a responsible home owner can help Make America Great Again by doing your part. Uncle Sam has the money and you have the home. What do you have to lose?
Rural Rental Assistance
Description: Rural Rental Assistance is used to reduce the rent paid by low-income families who live in eligible Rural Rental Housing (RRH) and Farm Labor Housing (FLH) projects financed by the Rural Housing Service. To receive assistance, monthly rent payments must exceed 30 percent of a household's adjusted monthly income.
If you are a law enforcement officer, firefighter, emergency medical technician, or teacher, this program may help you purchase a home in a U.S. Department of Housing and Urban Development (HUD) revitalization area by offering qualified purchasers a 50 percent discount off the list price of homes available from HUD's inventory. You must agree to live in the home for three years and it must be your sole residence.
The FEMA Housing Portal is intended to help individuals and families who have been displaced by a disaster find a place to live. The portal consolidates rental resources to help individuals and families find available rental units in their area.
The Rural Housing Repair Loans and Grants program provides loans and grants to very low-income homeowners to repair, improve, modernize, or to remove health and safety hazards in their rural dwellings.
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