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Comparing a Standard Home Mortgage to an Energy Efficient Mortgage
Banks are increasingly recognizing the fact that a homeowner who spends money to improve the energy efficiency of their home ends up have extra money in their pocket at the end of the month - and this can help tip the balance in your favor of getting a higher mortgage amount with an Energy Efficient Mortgage. Fannie Mae has published the following comparison of a standard home mortgage to an energy efficient home mortgage. Keep in mind this was published a while ago and mortgage rates are even LOWER right now, so your savings could be higher. Note this example also assumes a builder will charge more for an energy efficient home, but as competition increases and technology improves this is becoming less of a factor. Again, this means your savings could be even higher! For more information, see CyberGreenRealty's blog. -TMC ... more
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