What to Do if You’re Not Ready to Buy Just Yet If you don’t currently suffer from house fever, it can be a good thing. However, there are some things you should keep in mind if you need a home and are still putting off a home purchase until next year: Price fluctuation. The […]
Were you shocked after you received your first or second tax bill since participating in the PACE HERO or YGrene loan program? Your participation in the Property Assessed Clean Energy (PACE) Home Energy Renovation Opportunity (HERO) program caused a steep increase in your property taxes. You will either see a line item titled “HERO FINANCING” on your […]
FHA UPDATE FHA will now allow borrowers to refinance paying off a PACE obligation as a rate and term refinance. FHA issued Mortgagee Letter 2017-18 , setting forth revised policies for insuring mortgages secured by 1- to 4- family properties encumbered with Property Assessed Clean Energy (PACE) obligations. Per the Mortgagee Letter, properties encumbered with a […]
