Most of you already know that homeowners can get a tax break when making their homes more energy efficient, but did you know that the possibility exists for you to qualify for a larger loan or a better interest rate if the home you’re purchasing is deemed energy efficient? A...
Issues
Fannie Mae and Freddie Mac To Be Discontinued?
President Obama has urged, in essence, the shutting down of Fannie Mae and Freddie Mac backed securities, which includes the traditional 30-year insured loan. He gave a speech at the beginning of August with his ideas on how to go about doing this and why. AgBeat, a highly respected and...
City of Harrisonburg Installs Rainwater Harvesting System
Harrisonburg gets an average of 36 inches of rain every year, and Rockingham County has been promoting rainwater harvesting for years by selling rain barrels at deep discounts. The City of Harrisonburg decided to also capitalize on this eco-friendly water gathering system by installing a 6,000 gallon rainwater harvesting system...
How Could the Northend Greenway Project Benefit Harrisonburg?
If you’ve been tuned in to the Harrisonburg news lately, you’ve probably read or heard about the Northend Greenway Project, which will be a 2.5 mile recreation and transportation multi-use path stretching from the Harrisonburg Farmers Market through downtown to VMRC. This would give residents in the Park View, EMU,...
Get An Additional 5% On Your Mortgage to Finance Energy Efficient Improvements
Its been around for a few years, but rarely used… the Energy Efficient Mortgage. You can add this to a VA or FHA loan (including the 203K, which we’ve blogged about before), and use it for both home purchases and refinances. Capped at $8,000 for FHA loans and $6,000 for...
Advice From a Local Harrisonburg Attorney on Estate Planning
Estate planning takes some time and effort, and if you have more than $250 worth of property to your name, you really should meet with an attorney (and financial advisor, for that matter) to create a will and other essential legal documents. As morbid as it sounds, it is not...