Starting a new home project is an exciting time, as long as the financial aspect is covered. Well, we’ve got some great news for you on that front.
PACE financing is a great program for a lot of people. It’s a national program that is based on the equity in your home, so there’s no credit check that’s pulled, and so on. It’s not based on your creditworthiness.
As long as you are current on your mortgage, the PACE program will allow you to borrow up to 20% of the value of your home and use that for products that qualify for pace which are energy-efficient products.
In Florida, that would include roofing and windows and so on, and then you can use the PACE proceeds to pay for any or all of those projects.