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HOW MORTGAGE DEFERRAL WORKS - IN COVID-19 PANDEMIC
How mortgage deferral works -
Spoke to my bank re mortgage deferral. Basically this is how it will work:
- Only applies to your principle residence. So if you have investment properties, doesn't apply unless your tenant has lost his/her employment and can't make rent. Will require proof of that.
- It's not a true deferral. Two scenarios available.
The Bank will defer your payments but will add the interest for the deferred period to your mortgage...
Geothermal HVAC Myths Busted
1. Geothermal HVAC systems are not considered a renewable technology because they use electricity.
Fact: Geothermal HVAC systems use only one unit of electricity to move up to five units of cooling or heating from the earth to a building.
2. Photovoltaic and wind power are more favorable renewable technologies when compared to geothermal HVAC systems.
Fact: Geothermal HVAC systems remove four times more kilowatt-hours of consumption...