129 Clay Street, Thomaston, CT For Sale – Eligible for 100% USDA Financing

Attention Millennial Home Buyers!

Mrs. Clean and Mr. Handyman live here so you can move right in to this updated 3BR, 2b Ranch

And … It’s Eligible for Up to 100% USDA Financing. No Down Payment Required.

The USDA Guaranteed Rural Housing Development Loan offers many benefits to qualified Millennial Home Buyers.

• No Down Payment Required! Up to 100% Financing of the home’s appraised value.

• Ability to Finance the Closing Costs into the loan when the appraised value is greater than the negotiated sales price.

• One 30 year fixed rate mortgage at today’s low interest rates.

• Reduced Mortgage Insurance. Beats FHA any day.

https://www.realtor.com/realestateandhomes-detail/129-Clay-St_Thomaston_CT_06787_M37309-83819#photo0

Reach out to Rick Cignoli @ 860.945.9284 to find out if the USDA Guaranteed Rural Housing Development Loan is the right mortgage option for you and to take advantage of his FREE “Jump Start” Mortgage Pre-Approval with Rate Assurance service.

Then call Sue Holway @ Keller Williams 860.601.8217 to schedule a showing and be ready to make an offer.

Simple Strategies to Help Organize Your Finances

Whether you are considering buying a home or not, having your finances organized is important. The ability to manage money well can help you afford a life that is a little more comfortable and a little less stressful. These tips will give you a jump start on being more in control of your money without the need of a finance degree.

Know What You Have:
The best place to start is to evaluate all of your accounts and know exactly how much money you have in each. This would include knowing the balance of your checking account, savings account, retirement fund, credit cards, loans, and any other investment. Writing down the actual balances will give you a clear starting point, even if the totals aren’t exactly what you want them to be.

Create Goals for Your Future:
This is where you can dream big, and also dream small. Once you’ve evaluated your accounts, think about what you want to accomplish financially. Do you want to save for a down payment on a home? Do you want to be free of your student loans in ten years? Do you want to save twenty extra dollars a month? Do you want to own a vacation home one day or travel the world? Big or small, your dreams are valid and writing them down is the first step in making them a reality.

Assess Your Payments:
Take a look at your income and expenses over the past 30 days. How much money do you bring in and how much money are you sending each month to pay expenses? Most people underestimate their monthly spending and don’t want to look closely at the small spending habits they have created. By assessing your cash flow, you will identify areas that need work, like if you are going out to eat more in a month than you should, for example.

Set Your Budget:
Take what you learn from analyzing your monthly spending habits and create a new budget for yourself. Create a list of rough estimates for things like groceries, gas, utilities, etc. This way you will know if you are spending more than you should month to month moving forward. There are budget templates you can find online, or you can create your own. Once you have an established budget, you’ll be much more aware of any excess spending.

Stay Focused:
Once you have your finances organized, it’s important to keep your eye on the goals you have set. You can use money management apps, hire a financial advisor, use mobile banking to see each transaction in real time. Checking in on how close you are to your goals, both big and small, every month will help you stay focused and eliminate some of the stress that comes with money

Call Me at 860.945.9284 for all your home purchase needs and to to take advantage of my FREE Jump Start Mortgage Pre-Approval  with Rate Assurance service Let’s talk about the right mortgage option for your family.

Norcom Mortgage’s 203k Dream Home Loan™

Norcom Mortgage walks you through the steps of a 203K home renovation in this Dream Home Loan infomercial. Sometimes, you need money to both purchase and improve a property. Norcom’s Dream Home Loan™ provides you with cash to pay for upgrades, home improvements

Call Rick Cignoli @ 860.945.9284 for all your home purchase needs.  Let’s talk about the right mortgage option for your family and take advantage of my FREE Mortgage “Jump Start” Pre-Approval with Rate Assurance service

Solar Panels: Buy or Lease

Solar panels have increasingly become more popular over the past few years, and don’t show any signs of slowing down. Leasing options have contributed to this growing number, since some leasing programs require little to no money up-front. The deals can seem attractive, but a question for homeowners is, Should I  Lease or Buy Solar Panels?

Buy:
Installing solar panels on a house to generate electricity often costs $20,000 or more. However, there will most likely be a certain percentage of federal tax credit that could bring down the cost right away. Not only will you be able to take advantage of tax breaks, you will also be able to start saving money on your utility bill each month, and take advantage of Solar Renewable Energy Certificates, or SRECs.
Power companies that are required to get some of their electricity from renewable sources, buy these SRECs from homeowners. Currently the SRECs are worth about $200, but the prices fluctuate. Every time a homeowner accumulates 1,000 kilowatts hours of energy, they will be able to sell one certificate, which can generally add up to about seven certificates a year, depending on the system and location.
By purchasing a system outright, a homeowner will typically get the most savings, but there is a trade off. The customers are then responsible for maintaining the system. Installers say that the systems are generally reliable, but the panels are not guaranteed past 25 years or so, and the inverters, which converts the direct current to the alternating current that comes from a socket, only lasts about 10 years.

Lease:
For most homeowners, paying upfront for solar panels is not an option. Leasing, on the other hand, gives more homeowners the opportunity to go solar. Just like a conventional mortgage or car loan, the real cost to customers varies depending on how much they are able to pay up front. The homeowner would also have to have good credit to be eligible to lease. The monthly cost to lease would typically replace your monthly electricity bill. While the lease payment stays consistent, the monthly power bill could potentially go up. Another benefit to leasing solar panels is that a homeowner would not have to figure the incentives and subsidies associated with buying. Beyond that, if a homeowner decided to buy the panels in the future, they could at a discounted price.

Beware:
Customers should also be aware that there is no easy way out of the deal if they decided to sell their home. The solar system generally stays with the house and the homeowner could either decide to find a buyer who is willing to take over the contract, or prepay for the remaining electricity charges and include that into the purchase price of the home.

Call Me @ 860.945.9284 to discuss the right mortgage option for your family and to take advantage of my FREE Mortgage “Jump Start” Pre-Approval with Rate Assurance service

https://rickcignoli.norcommortgage.com/blog/2015/03/04/solar-panels-should-you-lease-or-buy-/