Statistics from the federal government would lead many to believe that the sub-prime mortgage crisis that caused the Great Recession has ended. In 2008, everyone was scrambling for solutions. Some managed to cobble together programs that were supposed to help homeowners keep one of their biggest assets. However, did any of these programs really solve the crisis and make families whole.
Are you one of millions of Americans who is trying to keep your dream alive? Perhaps there are home improvements that you have considered, but cannot find room in your budget to get it done. If you are someone who is struggling, there are three programs that might help you qualify for a $4,000 rebate.
Homeowners are Still Facing Tough Times
Despite the positive economic reports in the news, you are probably still playing a juggling act with many different issues. You have to protect your family. The poor job market probably has your college graduate still living at home. You may even be what is called the sandwich generation, where your elderly parents are also living with you.
Not only is this a stressful situation, but there is also a structural burden on your home. The more people living there, the more it is being use. The results are extra maintenance and repair needs. Replacing pipes, a room addition or conserving energy with tankless water heaters might be on your to-do list. The one thing that holds you back is money.
Yet, if your roof begins to leak, delaying the repair will cost more in the long run. Your wallet would prefer that you take care of all home improvement needs immediately. Whether it is to upgrade appliances, adding a new security system of fixing the HVAC system, these repair projects are important to you.
Banking is Not What it Used to Be
One thing the Great Recession made crystal clear: Banks are not willing to lose the money they invest from other people’s deposits. Miss one mortgage payment and they would sooner cut you off than help you bring the account current. Not only does this leave you with more money to pay in penalties, but you may also hear from them all day, every day.
Interest Rates are High!
Another force that seems to be against you is the rise in interest rates. Too many Americans are underwater in their mortgages, meaning they owe more than their house is worth. Qualifying for a home equity line of credit might be impossible. If a bank happens to approve them the interest rate would make the credit line cost prohibitive.
Personal loans are another impossibility if you are among those with student loans a high credit card debt. When you are already struggling financially, more high interest debt could sink you and you budget.
What are Your Options?
The gloom and doom in the previous paragraphs might have you wondering if there are any options left. Fortunately, you still have one entity on your side. Surprisingly, the U.S. government has crafted some home improvement programs that may help to solve your woes.
Politicians understand the need to make home improvements to keep your house in a livable condition. Hiring local contractors to do the work your need would help to increase employment in your area.
The work they complete would increase the value of your home and benefit local property taxes. Your entire family will have better living conditions that increases everyone’s quality of life. This is a win-win situation!
Refinancing Your Home Loan
Refinancing your home is one of the perks to homeownership. Using your house as collateral to get a lower interest rate and use the money for home repairs is a tremendous opportunity to do what needs to be done.
Not only are you getting your home fixed, but you might also have some money left over to pay down some of your credit card debt. Lifting this burden could lead to an overdue vacation or the seed money to start your own business.
With that said, the federal government offers loan programs with low-interest rates. It is estimated that close to 700,000 American homeowners qualify for these programs, yet they have not taken advantage of the potential savings.
Free Government Housing Programs
What’s amazing is it will not cost you anything to find out if you are eligible. Furthermore, you are not obligated to accept the offer. Allowing millions of houses deteriorate would be disastrous for the country. While the government has the money and your home needs repairs, you have nothing to lose.
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.
Next Steps: Application Process
Good Neighbor Next Door Program
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.
Next Steps: Application Process
Disaster Relief Assistance
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.
Next Steps: Application Process
Housing Loans and Grants
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.
Next Steps: Application Process
Full List Of Housing Grant Opportunities
If you haven't found what you're looking for then please review all the potential opportunities using the following link:
Next Steps: Application Process
Many families who continue to struggle would disagree that their world is better. In fact, college graduates continue to look for jobs to repay the loans they needed to get an education. Additionally, homeowners can hardly think about paying for repairs. Yet, sitting back while their homes deteriorate really is not an option.
Are you one of millions of Americans who is trying to keep your dream alive? Perhaps there are home improvements that you have considered, but cannot find room in your budget to get it done. If you are someone who is struggling, there are three programs that might help you qualify for a $4,000 rebate.
Homeowners are Still Facing Tough Times
Despite the positive economic reports in the news, you are probably still playing a juggling act with many different issues. You have to protect your family. The poor job market probably has your college graduate still living at home. You may even be what is called the sandwich generation, where your elderly parents are also living with you.
Not only is this a stressful situation, but there is also a structural burden on your home. The more people living there, the more it is being use. The results are extra maintenance and repair needs. Replacing pipes, a room addition or conserving energy with tankless water heaters might be on your to-do list. The one thing that holds you back is money.
Yet, if your roof begins to leak, delaying the repair will cost more in the long run. Your wallet would prefer that you take care of all home improvement needs immediately. Whether it is to upgrade appliances, adding a new security system of fixing the HVAC system, these repair projects are important to you.
Banking is Not What it Used to Be
One thing the Great Recession made crystal clear: Banks are not willing to lose the money they invest from other people’s deposits. Miss one mortgage payment and they would sooner cut you off than help you bring the account current. Not only does this leave you with more money to pay in penalties, but you may also hear from them all day, every day.
Interest Rates are High!
Another force that seems to be against you is the rise in interest rates. Too many Americans are underwater in their mortgages, meaning they owe more than their house is worth. Qualifying for a home equity line of credit might be impossible. If a bank happens to approve them the interest rate would make the credit line cost prohibitive.
Personal loans are another impossibility if you are among those with student loans a high credit card debt. When you are already struggling financially, more high interest debt could sink you and you budget.
What are Your Options?
The gloom and doom in the previous paragraphs might have you wondering if there are any options left. Fortunately, you still have one entity on your side. Surprisingly, the U.S. government has crafted some home improvement programs that may help to solve your woes.
Politicians understand the need to make home improvements to keep your house in a livable condition. Hiring local contractors to do the work your need would help to increase employment in your area.
The work they complete would increase the value of your home and benefit local property taxes. Your entire family will have better living conditions that increases everyone’s quality of life. This is a win-win situation!
Refinancing Your Home Loan
Refinancing your home is one of the perks to homeownership. Using your house as collateral to get a lower interest rate and use the money for home repairs is a tremendous opportunity to do what needs to be done.
Not only are you getting your home fixed, but you might also have some money left over to pay down some of your credit card debt. Lifting this burden could lead to an overdue vacation or the seed money to start your own business.
With that said, the federal government offers loan programs with low-interest rates. It is estimated that close to 700,000 American homeowners qualify for these programs, yet they have not taken advantage of the potential savings.
Free Government Housing Programs
What’s amazing is it will not cost you anything to find out if you are eligible. Furthermore, you are not obligated to accept the offer. Allowing millions of houses deteriorate would be disastrous for the country. While the government has the money and your home needs repairs, you have nothing to lose.
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.
Next Steps: Application Process
Good Neighbor Next Door Program
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.
Next Steps: Application Process
Disaster Relief Assistance
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.
Next Steps: Application Process
Housing Loans and Grants
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.
Next Steps: Application Process
Full List Of Housing Grant Opportunities
If you haven't found what you're looking for then please review all the potential opportunities using the following link:
Next Steps: Application Process
