October 17th, 2011 7:27 AM by Nathan Rufty
Do not walk away from a home that needs a little TLC on the windows, insulation, hot water heater, AC unit or heating unit. There is a loan program that offers up to 5% of the appraised value to remedy these issues, the best part is you do not need to qualify for the additional funds and the appraisal does not need to come in at the higher loan amount. The additional increase in payment is offset by the savings on each energy bill a month. This is an excellent home loan program, this is not a second lien, built into the first lien, one loan.