VA Home Loans

Guaranteed by the U.S. Department of Veterans Affairs.

Reverse Mortgages

For homeowners to leverage the equity in their home.

Refinancing

Replace your current home loan with a new one.

Prime Jumbo and Super Jumbo Mortgages

For high-income earners who make $250,000+ a year.

Fixed-Rate Mortgages

Offers predictability for your budget.

FHA Home Loans

Popular for first-time homebuyers.

Conventional Mortgages/Conventional High Balance

A loan not guaranteed or insured by the federal government.

Self Employed Loan Programs

For 1099 recipients, P&L users or qualify using assets.

Bank Statement Programs

See how you can qualify without having to show tax returns.

Investor DSCR or Rental Income Loans

Perfect for investors who want tenant rent to cover mortgage.

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Repair or Replace Your Home’s HVAC Unit?


California home loans

Repair your HVAC if:

  1. It’s less than 10 years old. Consider the age of your HVAC when deciding to repair or replace. The National Association of Home Builders estimates that the average lifespan of an HVAC system should be between 10-15 years. Of course, that’s not to say that an HVAC system can’t fail before then, but if yours is less than 10 years old, it’s probably cheaper to have it repaired than to buy a new one. Whatever’s wrong with your HVAC should be a minor fix unless it’s over 10 years old.

  2. You’ve checked the ductwork. A lot of HVAC issues don’t have to do with the unit, but the duct work. In fact, 10 to 30 percent of the air leaks out before it even gets to your home, so a check of the ductwork can save you big bucks. Having a professional check your ducts and seal any gaps for around $50 can make your HVAC will run more efficiently with a relatively cheap fix.

  3. You’ve performed regular maintenance. If you’ve had your HVAC system checked and maintained over the years, you shouldn’t have any major problems. Simply clearing your unit of debris, dust, and dirt, and having regular tune-ups should save you from major problems like failure or inefficiency. Make HVAC maintenance part of your spring and fall checklists and you’ll save time and money.

Replace your HVAC if:

  1. It’s more than 15 years old. Once your HVAC system is nearing its 15th birthday, it’s also nearing the end of its lifespan. Sure, you could fix whatever’s causing it to malfunction, but chances are that you’ll just have another issue crop up next season. The components in your HVAC start to age and malfunction, which means it might be cheaper to just replace the unit than to pay for repairs year after year. A new unit usually costs anywhere from $5,ooo to $7,00o. It’s a big investment, sure, but it also means a new, more efficient unit.

  2. You notice higher energy bills. Feel like you’re suddenly paying more for heating and air? If you get sticker shock every time you open your heating and cooling bills, it might be your HVAC’s fault. As systems age, they simply become less efficient. That means your HVAC is working overtime to heat and cool your home, which means it costs more to run. Calculate out how much extra you’re paying in energy bills and you’ll probably find it’s less expensive to get a new unit.

  3. Your unit isn’t doing its job. If you notice that some of the rooms in your house are never as comfortable as they should be, it could be an inefficient HVAC unit. If it’s malfunctioning or aging, it means it can’t keep up with the demands of your home. In the summer, some rooms feel hot or you notice that the unit is running day and night to keep you cool. In the winter, you might notice that you’re always cold or constantly cranking up your thermostat. Keep comfortable by installing a newer, more efficient unit and your home will be more comfortable.

Still have questions? Talk to an expert

Your best option is to consult a local California HVAC professional for their opinion. Your HVAC system might not be the most exciting part of your home, but it might be what makes the biggest difference in your comfort levels. Take good care of your HVAC with regular maintenance and it’ll be easier to tell when to repair or replace the workhorse of your California home.

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About

VA Home Loans
Reverse Mortgages
Refinancing
Prime Jumbo and Super Jumbo Mortgages
Fixed-Rate Mortgages
FHA Home Loans
Conventional Mortgages/Conventional High Balance
Self Employed Loan Programs
Bank Statement Programs
Investor DSCR or Rental Income Loans

Loan Options

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