When you are buying, selling, refinancing, or remodeling
your home, you can increase your comfort and actually
save money by using the Energy Efficient Mortgage (EEM).
It is easy to use, federally recognized, and can be applied
to most home mortgages. EEMs provide the borrower with
special benefits when purchasing a home that is energy
efficient, or can be made efficient through the installation
of energy-saving improvements.
Home owners with lower utility bills have more money
in their pocket each month. They can afford to allocate
a larger portion of their income to housing expenses.
If you have more cash, why not buy a better, more
comfortable home? There are two options with the
Energy Efficient Mortgage.
Buyers:
 |
Qualify for a larger loan on a better
home! |
|
Get a more comfortable home NOW. |
|
Save money every month from Day One. |
|
Increase the potential resale value of your home. |
Sellers:
|
Sell your home more quickly. |
|
Make your house affordable to more people. |
|
Attract attention in a competitive market. |
Remodelers/Refinancers:
|
Get all the EEM benefits without
moving. |
|
Make improvements which will actually save you
money. |
|
Increase the potential resale value of your home. |
Pay for energy improvements easily, through your mortgage.
Your lender can increase your loan to cover energy
improvement costs. Monthly mortgage payments increase
slightly, but you actually save money because your
energy bills will be lower!
An EEM can only be done if an official home energy
rating, or HERS Report, indicates that it will save
you money.
For more informaion about Energy Efficient Mortgage visit
the Federal
Citizen Information Center web site.
|
