energy efficient mortgage: Do You Feel the Draft Yet?
- 12/31/10 06:57 AM
The weather outside is frightful, but your home energy bills don't have to be. Ever heard of a green mortgage? And I'm not just talking paper. I'm talking about an EEM, or Energy Efficient Mortgage. In a nutshell, an EEM allows a buyer to borrow more than 80% of the property value (sometimes as much as 10% of the purchase price) to provide capital for energy efficient improvements. As the single largest housing expense after a mortgage payment, your utility costs can have a direct impact on how large a mortgage you can afford. You can save money on the cost … (0 comments)
The weather outside is frightful, but your home energy bills don't have to be. Ever heard of a green mortgage? And I'm not just talking paper. I'm talking about an EEM, or Energy Efficient Mortgage. In a nutshell, an EEM allows a buyer to borrow more than 80% of the property value (sometimes as much as 10% of the purchase price) to provide capital for energy efficient improvements.
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