When is a 203k Loan a Good IdeaThere are a lot of different types of loan plans available in the market. Knowing the right one for your situation as well as your goals can be confusing and frustrating for people who are new to the New Jersey waterfront market. With so many plans available to choose from, it can be hard to know where to start. One loan plan worth considering is the FHA 203k home loan. This is a loan plan that is slightly different than what many people are used to in the market. Unlike a USDA loan, this home loan program does not have location limitations, so it can be used in many more communities such as Highlands. The key difference is that buyers are able to roll both the cost of the home as well as any repairs into one loan for the home.

When Should You…

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USDA Home Loan Program: Helping Buyers Afford Rural HomesThe USDA home loan program is one of the best-kept home financing secrets around. The program, also known as the Rural Development Loan or Rural Housing Loan, provides loan guarantees on mortgages for homes that meet the geographic eligibility requirements. The program functions much like other government housing programs: approved banks and lending institutions make the actual loans while the government provides insurance against default. This insurance makes lenders more willing to lend to buyers whom they may view as potentially risky investments.

USDA Home Loans: Eligibility Requirements

The United States Department of Agriculture began this program to promote home ownership in the rural areas of the country but do not let that fool you.

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Five Energy Efficient Upgrades for the Modern HomeownerWith a more widespread focus on environmental consciousness, energy efficient homes are in high demand. Eco-friendly luxury homes are often priced at a premium, offering potential buyers lower utility expenses and reduced maintenance costs. Additionally, a green home also promises an improved quality of life for homeowners in the way of in-home comforts and many health benefits. With a few simple and effective energy efficient changes to the average American home, it's easy to enjoy maximum performance and comfort while looking forward to the future, when it's time to sell.

Green Homes On the Market

Implementing a few simple energy efficient upgrades to the home can add plenty of value with little effort. In fact, recent studies show that…

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