Homeowner Resources

We Care Program

Kentucky Utilities has a free service called "We Care" (Weatherization, Conservation Advice and Recycling Energy). It is a voluntary program designed to create savings through weatherization and energy education to help income-eligible customers in need. To enroll, click here.

PVA Homestead Exemption

This exemption helps save on property taxes. To qualify, a person must be at least 65 years old during the tax period or classified as totally disabled by any public or private retirement system. The property must also be owned, occupied and maintained as the taxpayer’s personal residence on the January 1st assessment date to be eligible for this exemption. For more information and to apply click here.

Recast Mortgage

A mortgage recast is when you make a lump-sum payment toward the principal balance of your loan. Your lender will then reamortize your mortgage with the new (lower) balance. Your interest rate and term remain the same, but you can lower your monthly payments because your principal went down.

It is a good option when you need to reduce your monthly payment and can afford a large upfront principal reduction. This option is less expensive and time-consuming than refinancing and you get to keep your current interest rate, which can be notably lower than today's mortgage refinance rates.

Mortgage companies do not mention this feature so you will have to contact them and ask about it.