Home Mortgage Grants
One of the great secrets is the availability of home mortgage grants. With the right resources, you can obtain free money to buy a new home, pay your mortgage to escape foreclosure, and even get cash to help pay for home improvement costs. While the government is the agency that typically provides these funds, they can frequently be found by private foundations and non-profit organizations that benefit from the tax incentives.
The government is motivated to give away this money to tax paying American citizens. After all, it is a good investment for them. Home improvement grants, for example, can help you pay the for labor and materials cost for your expansion or upgrades. Meanwhile, the value of your home and the homes of your community increase, and the government can asses and collect higher real estate taxes in your neighborhood. You get the cash you need to pay for your home repair costs, and the government makes out in the long-term.
Home owners interested in receiving a home improvement grant to help finance their remodeling plans may be able to obtain free grant money. Since home improvement often means an increase in property value and a reduction in energy usage, the government may be willing to help you pay for those changes. Whether you are making some small updates to your home or considering a large expansion, there may be grant funds that you can claim.
Another Example is the availability of home mortgage grants they give to people who are having trouble making their loan payments. When a family can’t make their mortgage payment, the next thing you know they bank takes the home back. As a result, the bank is forced to write off hundreds of thousands of dollars from just one home. Multiply that by the millions of Americans losing their homes, and all of the sudden the entire financial system is at risk.
When families fail at coming up with enough money to escape foreclosure, the entire banking system fails. When the bank fails, the economy crumbles. That is why the government has already spent over $700 billion in bailing people out of their homes just in 2008. It is their responsibility to make sure America keeps growing and that families keep their homes, which is why anyone having trouble making their payments can request a home mortgage grants.
Home Mortgage Grants for New Home Owners
Those having trouble making their mortgage payments and facing foreclosure are not the only ones getting free money from the government. While they work hard to prevent the economy from going into a major depression, they must also work to keep it moving forward. That is primarily done keeping employment rates high, helping small business owners succeed, ensuring that every individual has an ability to get an education, and by making home ownership a reality to Americans.
When people buy homes, it is good for everyone. Homes in the community continue to appreciate, the government benefits from collecting real estate taxes, and home builders keep people employed. That is why the National Housing Index is often used by economists to determine how well the economy is doing as a whole.
First time home buyer in particular may have an opportunity to get free grant money to help:
- Provide Money for Down Payments
- Cover Closing Costs
- Pay for Remodeling, Upgrades and Moving Costs
Mortgage Grants for Investors
But it doesn’t end with new home mortgage grants… real estate investors are also collecting free grant money and real estate grants to help pay for their investment properties. As opportunities and need for community development, gentrification and rehabilitation increases, the government helps investors reduce their financial risk. By providing cash incentives with real estate investment grants, there is not only a financial reward to to investing in real estate, there is an opportunity to give back to the long term health and growth of the community.
In: Home & Auto Financing · Tagged with: first time home buyer grants, government home grants, home buying & repair, home mortgage grants