Tip of the Week: Contractors paid half upfront

Home energy audit rebates still available

With funding made available by C.A.R.’s Housing Affordability Fund, the REALTOR®’s Energy Audit Program (REAP) provides a $250 rebate on a Home Energy Rating System (HERS) home energy audit when conducted by a certified HERS rater. A home energy audit helps homeowners identify improvements that can be made to the home to help reduce monthly utility bills. Improving the energy efficiency of the home is a great way to counter rising energy costs and makes homeownership more affordable.  To learn more about the REAP Program and get an application for your client, visit http://www2.realtoractioncenter.com/site/R?i=iNU_WNTNUiuJjxe7-4yzlA.. Go Green Lending can assist any C.A.R. member with the rebate application and the Energy Efficiency Mortgage financing.

Tip of the Week: You can use the GoGreen Lending Hybrid Loan program to purchase property in its As-Is condition!

City of Long Beach Rebates

The City of Long Beach is providing rebates to owners of single-family homes, condominiums, and live/work units who purchase certain energy efficient appliances. Homeowners who install Energy Star certified windows, doors, skylights, roofs, tankless water heaters and solar water heaters may be eligible to receive a rebate of up to $500. Further, participants may be eligible to receive a no-cost permit to inspect the installation of the qualifying product. Additional requirements exist, and interested Long Beach citizens should visit the website about for full details. READ MORE

Energy Efficiency Mortgage: $16,000 100% financed!

At GoGreen Lending we specialize in Energy Efficiency Mortgages EEM’s and 203ks rehab loans for cosmetic and green upgrades for home owners and home buyers.  We recently completed a HERS audit using the CalCerts Energy Pro software and generated just over $16,000 in cost effective energy efficiency upgrades on a 900 square foot home in Long Beach.

Tip of the week: Termite Report Included

Los Angeles County Waterworks Districts Rebates

All customers of the Los Angeles County Waterworks Districts are eligible for rebates on a variety of water-saving devices. READ MORE

Solar Financing is in High Demand

At GoGreen Lending we are receiving several calls a week for solar financing for home owners.  The requests range from $20,000 to $45,000 which covers most solar systems.  The current solar sales people are limited in affordable financing through their traditional solar lenders.  Go Green Lending offers home owners and solar companies another solution to help finance these projects.  We use a Project Financing Request Form and give solar contractors an answer in less than 48 hours if the project will qualify for secured financing.  These loans are below 5% and fixed for 30 years.  With financing like that, it’s a much more cost effective choice for their clients.  Contact our office to find out how you can increase your contracting business with our fast project qualifying system.

Tip of the Week: Faster closings with a General Contractor

SENIOR DISCOUNTS - COST EFFECTIVE LIVING

10,000 plus Baby Boomers reach retirement age each day now that this population bulge from the post WWII years has aged. This means a serious reduction in income across all social-economic strata. Smaller incomes (have you ever looked at social security benefits?  Good luck with that.) means a higher percentage of income spent on Utilities. Which are not going down in the golden years, no matter where you live.

Solution: seniors or near seniors can make - here it comes - Cost Effective improvements to their homes to reduce their long-term financial burden while living in a more comfortable home - regardless of social status or home structure.

Look into Cost Effective Home Improvements.

Pending home sales plummet

HELP AVAILABLE FOR HOME BUYERS OR SELLERS IN DECLINING MARKET

The 11.6% decline in pending house sales from March misses the point. Home prices are lower. Interest rates are still low and lower.

The decline tells us that home owners and sellers don't know about the FHA Energy Efficient Mortgage or the FHA Rehab loans programs. These are the only loan programs that give buyers additional cash at the time of purchase to fix up their homes. Many homes on the market need some attention, but most buyers only consider fixed up houses. The FHA EEM or Rehab loans allow the buyer to fix the house after they purchase it - all in one first montage, at the best available rate.

This expands the number of home a buyer can consider.

Tip of the Week: No HUD Consultant Required!

1776 APPLIED TO 2011

Benjamin Franklin really was not thinking about our utility bills in 2011 when he coined the phrase, "A Penny saved is a penny earned."  We have heard that phrase so many time we overlook the basic concept it offers: cost effective. If you do not waste a penny on unnecessary or trivial expenses then you don't have to exert the effort to generate a penny and the taxes needed to keep the whole penny.

An Energy Efficient Mortgage requires the improvements made in the family home cost less than the energy saved or to apply Franklin's concept - cost effective. The improvements must save the family money over the life of the improvement-- or why bother. So the formula becomes: I < Es (Improvement costs less than Energy saved).

Making 'cost efficient' improvements to a home saves fuel energy and makes the house more comfortable. But it also saves the human energy required to keep paying the rising utility bills and the taxes needed to keep the earning.

Cost effective: a powerful little idea. Thanks Mr. Franklin