Energy Efficient Mortgages

On a national average most homeowners pay more in energy costs than in property taxes making energy costs an important factor in the ability to make mortgage payments. This makes energy efficiency something you can’t afford to ignore when calculating what size mortgage you can afford. Something to consider is an energy efficient mortgage, this allows you to borrow more money than the appraisal of your home to make efficiency improvements. This comes with the condition that you must save more monthly than it adds to your mortgage. Some things to consider before thinking about an energy efficient mortgage.

  • Have you calculated your PITI + E?
  • Have you done an energy audit to understand the home’s performance?
  • What improvement will give you the greatest gains?
  • Have I looked at every financial option for improving efficiency? Including rebates?

How we can help

Part of the energy efficient mortgage program is that you work through a HERS rater to model repeatable and quantifiable savings. Elm Energy Group can provide these services and we can also perform an energy audit and come up with a plan that is based on return on investment so your dollars go further. Without a holistic picture of how a home is improving you will be buying products not investing in performance.

 For more information, or to get yourself set you up with a lender who can get you pre-qualified, contact us today.

Why we're different: Elm Energy Group is comprised of building geeks, excuse us, we meant technicians.  It means we don't just throw money at problems and hope to fix them.  We use our experience, unparalleled industry training, and cutting edge tools to find the most cost effective way to improve your homes performance.  It's part of our promise.

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