Energy Efficient Mortgage

What is a GREEN mortgage?  It is also called an ENERGY EFFICIENT MORTGAGE (EEM)

THE ENERGY EFFICIENT MORTGAGE means savings and comfort. When you are selling, buying, refinancing, or remodeling your home, you can increase your comfort and save money by using the Energy Efficient Mortgage (EEM). It is easy to use, federally recognized, and can be applied to most home mortgages. EEM’s 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.   It also provides the seller benefits by attracting more attention in an already competitive market to help your home sell quicker and makes your home more affordable.

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?

The Options with Energy Efficient Mortgages in Phoenix, AZ
How the Buyer, Seller and Remodelers benefit from an Energy Effiecient Mortgage in Phoenix, AZ
This is how the EEM Works in Phoenix, AZ
Which Buyers and homes are eligible for the EEM in Phoenix, AZ
What the EEM does for the buyer's borrowing power
What is HERS (Home Energy Rating System)
EEM Process for Existing Homes in Phoenix, AZ
Adding Energy Home Improvements through a Home Refinance in Phoenix, AZ
Case Studies and examples of how the program works in Phoenix, AZ

It is advantageous to have the HERS Rating done as early in the EEM loan process as possible. This way, the Rating can be performed while other aspects of the loan are being processed. Closing the loan should not be delayed. You may get a larger tax deduction with the EEM because the interest on mortgage payments is tax deductible. This can save you more money than paying for energy upgrades with a credit card, bank loan, or cash, none of which are usually tax deductible.

Each house is as unique as its owner. Benefits derived from the EEM will vary from one house to another, the benefits in the examples in the may not apply in all cases. Sun Nations Mortgage will be your best source of information on your own EEM benefits. 

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