Erin Callahan's Blog
66 Brookline Ave, Holyoke, MA 01040
It is good to think of looking for an eco-friendly home when you begin your home buying process. Apart from being environmentally friendly, an eco-friendly house saves you from spending a lot of money by eliminating the need for certain resources. Here are some factors to consider when buying an eco-friendly home:
The building material is one of the essential things to consider when purchasing a home because the house is as good as its material of construction. An excellent green-building material is salvaged lumber. Reclaimed lumber is usually obtained from older homes. It is ideal because of its density. Older lumber's hardiness is much better when compared with that of new lumber.
Another factor that should influence your buying decision is the availability of solar energy. You should not purchase any home that is unsuitable for using solar energy. The advantages of having solar power at home are numerous. Apart from conserving the environment, it also minimizes your energy costs and saves you a lot of money in the long run.
For those that are considering buying a house that is already furnished, you should make sure that all the electronic devices are energy-efficient. This is essential because it reduces your power consumption significantly. You should ensure that home appliances like dryers, microwaves, washers, irons, and any other devices in the home are all energy efficient. You should not buy the house if these appliances are not energy efficient.
The flooring material is something else to consider when purchasing a green home. The flooring material of an ideal eco-friendly home should be made of recycled or sustainable products like cork or bamboo. The essence of this idea is that these products are environmentally friendly, and they are also hypoallergenic, durable, easy to install and maintain. These flooring materials can also be installed in an environmentally safe and friendly manner. You should consider some of these flooring materials:
- Cork: Cork comes from tree bark. Its production does not affect the tree. The benefit of this flooring material is that it is warm and inviting. It is incredibly durable when kept away from moisture.
- Bamboo: bamboo is grass and not wood. The benefit of using bamboo as a flooring material is that it is easy to staple, nail, and glue. Apart from that, it can be used to form different patterns and is very durable.
- Linoleum: This type of flooring material comes from natural raw material like pine trees, ground limestone, and wood products. They are resistant to stain, biodegradable, and impermeable to water.
Check with your real estate agent to help you identify green homes in your area, or homes you can remodel in an environmentally friendly way.
8 Kingsley Ave, Northampton, MA 01060
Are you having money issues? Well, you are not alone. Financial problem is something that affects everyone from time to time. When money is tight, and your mortgage is due, you might have heard this advice many times — " Take up a mortgage payment holiday" But before you do that, get this: taking a break from your mortgage repayment is not always the best idea. In this post, you will uncover all you need to know about mortgage payment holidays.
What is a Mortgage Payment Holiday?
A mortgage payment holiday is an agreement a person may reach with his/her lender permitting them to reduce or halt their monthly mortgage repayments for a specific period. The duration of this break can range from one month, six months or even a year. However, the length of the breaks depends on a person's financial situations and the terms laid out by the lender.
Who is eligible for a Mortgage Payment Holiday?
Most of the times, Mortgage payment holidays are offered by lenders when:
- If a person has accumulated a generous amount of credit via mortgage over-payments.
- If unforeseen expenses prevent a person from making repayments.
- If there is a change in the financial circumstance of a person.
When nursing the thought of taking a payment holiday, always remember you will need a decent history of your repayments, most times with no back payment due during the previous year of your mortgage.
The Good Side of a Mortgage Payment Holiday
It temporarily takes some pressure off your monthly expenditure until you get a new source of income.It is the best way to find your feet again instead of choosing to go into mortgage arrears.
The Bad Side of a Mortgage Payment Holiday
Even though you are not making mortgage payments, your remaining mortgage balance is still piling up interest.After the holiday payments, your mortgage repayments will be higher than they were before you took the payment holiday.Since it will affect your credit file, you might find it challenging to get credit.
A break from your payment might be a prudent choice if the only option is going into arrears. But don't forget the "bad side." If something confuses you about how to you will make a payment, then you will need to speak to your lender.