Browsed by
Tag: home loans

How and Where to Get Financing for Home Energy Efficiency Upgrades

How and Where to Get Financing for Home Energy Efficiency Upgrades

Ever heard of an EEM (energy efficiency mortgage) loan? Making your home more energy efficient may reduce your utility bills for the long term, but paying for the upgrades upfront can be a challenge. EEM’s can be one source. Another potential source of funds is a traditional HELOC (home equity line of credit). Check with your bank, credit union or mortgage servicer for details and rates. There are a number of financial institutions with programs specifically designed for financing energy…

Read More Read More

Employers Can Now Add to Down Payments

Employers Can Now Add to Down Payments

A new program allows employers to help workers put a down payment on a home, similar to how companies contribute to a 401(k). HomeFundMe, a Fannie Mae and Freddie Mac-approved down payment crowdfunding platform, allows borrowers to crowdfund their down payment from several sources, including their employer. CMG Financial, a mortgage banking firm, created the HomeFundMe program. Employers can contribute directly to employees’ HomeFundMe accounts to help raise funds for a down payment on a home. HomeFundMe explains: “The HomeFundMe…

Read More Read More