Being on the property ladder whether renting or owning your own home can be a very expensive ordeal.
Things that are never taken into account at the time of the purchase or lease agreement are repairs and general up keep, service costs such as gas, electricity and water, and of course the big one being mortgage or rental payments and insurance add this lot up on a monthly basis and I'm sure you will get a surprise.
Depending on the age of your property will obviously determine the quality and condition of certain items for example insulation, windows, and heating systems these are generally the first things that need upgraded.
If all these items were to be priced out the bill would run to thousands of dollars, who in the current economical climate could afford to pay for all this? In reality probably not very many families at all!
So what options are available to us?
* Refinance any mortgage to raise capital
* 2nd Mortgage
* Home loan
* Credit Card
All of the above are perfectly normal and feasible however just imagine what the monthly repayments could be with today's fluctuating interest rates and lending criteria! A very good and seldom used option are Government Grants, the majority of households are unaware they exist or how to even apply. Government grants are available to home owners and residents like you to get some of these things done. With many governments campaigning for "greener environments" it's only fair to say that they will help and assist where ever possible to achieve this.
By installing insulation or new windows, you could save on carbon emissions and not to mention thousands on your utility bills every year. So how do you find out about the availability of grants and the application process?
These things do vary depending on where you reside so the best advice would be attend at your local government or council office and check out the notice boards and advertising materials, once you have found some information I would encourage you to read the small print very carefully and ensure you are eligible and are applying for the right grant, funding will be available somewhere its just a case of finding the right grant.
There are more applications turned down annually for mistakes and poorly completed forms than their being a lack of funds, always remember the government want to give you this money just be accurate.
There is no financial assistance better than government grants, quite simply because more often than not they don't have to be paid back and anyone is eligible.
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