As the housing crisis looms, home owners are finding it more difficult to pull equity out of their homes to complete normal home improvements like getting their roof repaired, replacing old windows or purchasing a new furnace. Shoreview, Minnesota is offering up to $20,000 for residents seeking to complete energy improvements. If residents remain in the home for 10 years the interest is forgiven.
Money, low rates and added tax incentives for new windows makes this a win-win-win solution. Some income and loan size restrictions apply. Check out the details. Here’s a link to Shoreview’s website. http://www.shoreviewmn.gov/news/new-home-improvement-loan
City of Saint Paul just expired their program offering up to $6500 to home owners making energy improvements.
Here’s what to do…google your City’s name. Look under their “resources” tab and see if they have a home improvement program available in your area.
In the future, I’ll keep you posted here too.
Equal Housing Lender.