HERO OR PACE LOAN
REFINANCING A HERO OR PACE LOAN
A PACE or HERO loan shows up in your property taxes as a second installment at first and later it becomes part of your property taxes.
PACE stands for Property Associated Loan and HERO stands for Home Energy Renovation Opportunity
This program helps home-owners to finance some home improvements related to energy savings. It can be helpful since it does not require much to qualify, but the dark side is that, it carries an "8%" of rate of interest like a hard money loan.
Getting rid of this property tax liability can lower the interest owed libility and be able to pay off your loan in less years.
It takes us 5 minutes to let you know the best fixed rate of interest available for you today