Green Mortgages
Get a Green Mortgage:
Energy Efficient Mortgages (EEMS) are available as part of the federal program to help homebuyers finance energy efficiency upgrades and purchase energy-efficient homes. With an EEM, you can take out a bigger loan in order to buy a greener home-or you can use the money in the form of home equity line of credit (HELOC) to pay for improvements to the efficiency of your existing home. To find out if you qualify for an EEM, check the eligibility requirements at the HUD site: www.hud.gov/offices/hsg; click “Single Family” and then on “FHA Insured Loans” and then on “Energy-Efficient Mortgage Program.”
Information from “Go Green, Live Rich” by David Bach with Hillary Rosner.
