How Financing a Furnace Can Affect Your Mortgage + MORE Jun 10th

“Save up to $3,000 on heating and cooling”

“No monthly payments for 3 months” 

“No interest for 6 months”

Sound familiar? You’ve probably seen tons of offers like these on flyers and emails from your utility company. It sounds great on the surface. You can save some money, lock in low monthly payments, and avoid spending thousands of dollars at once on a furnace or air conditioner. 

If it all sounds too good to be true, it’s because it is. 

Most homeowners don’t realize that when you finance a heating or cooling unit, the utility company will register a lien on your home. In some situations, this could be harmless. But in others, it could cause issues.

How Could This Affect Me?

If you’re considering new mortgage options, you’re likely in a situation where you need to act fast. A lien on your home could complicate and draw out the process, especially if you didn’t even know the lien existed. 

Your lawyer might have to request a payout from the finance company…

The seemingly endless run-up in home prices seems to have reached a peak, at least for now. May home sales data from some of the country’s real estate boards showed sales and prices still growing in some regions, but down for their second consecutive month in others following the peak in March. The following is a summary of activity in May for select cities. Keep in mind that year-over-year changes are now skewed due to the dip in activity during […]