Is there such a thing as a Green Mortgage?

By
Mortgage and Lending with Pacific Residential Mortgage NMLS-1477/WA CL-1477

 Not exactly green, but this product does promote sustainability! If you are thinking about about upgrading or remodeling your home, we offer a way to "go green" with an Energy Efficient Mortgage (EEM). The EEM gives you an opportunity to finance cost-effective, energy saving measures as part of a single mortgage. Whether purchasing a new home or refinancing an existing home, the benefits of energy efficiency may help you:

• Allows a borrower to finance: Up to 100% of the cost-effective energy package as long as the present value of the energy saved over the useful life of the improvements is demonstrated.

• Potentially lower costs: After remodeling you may have lower utility bills and may be eligible for an ENERGY STAR tax credit.

• May help with resale value: As energy costs increase, homes that are energy efficient become more attractive to potential buyers.

• Helps the environment: An energy efficient home can help decrease your carbon footprint and reduce greenhouse gas emissions.

PRM will be featuring the EEM at the Portland Better Living Show March 25-27. Please stop by our booth for more information on this product and many other loan options!

 

** DON’T FORGET** Daylight Savings starts on Sunday, March 13, 2011 @ 2:00 AM local standard time. Spring Ahead, turn clocks ahead by one hour.

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