Energy-Efficient Mortgages Saco ME

Local resource for energy-efficient mortgages in Saco, ME. Includes detailed information on local businesses that give access to energy efficient mortgages, mortgage companies, energy efficient loans as well as information on mortgage companies and content on mortgages.

Saco Valley Credit Union
(207) 282-6169
312 Main Street
Saco, ME
 
Allied Home Mortgage Capital Corporation
(207) 885-5070
360 Us Route 1 Ste 300
Scarborough, ME
 
Wells Fargo Bank Na
(207) 772-4701
400 Southborough Dr
South Portland, ME
 
Residential Mortgage Svcs Inc
(207) 775-6105
24 Christopher Toppi Dr
South Portland, ME
 
Gorham Savings Bank
(207) 839-5209
10 Wentworth Dr
Gorham, ME
 
Ocean Communities Federal Credit Union
(207) 284-5918
1 Pool Street
Biddeford, ME
 
Alpine Mortgage Corporation
(207) 775-7717
1478 Broadway
South Portland, ME
 
Downeast Mortgage Corporation
(207) 773-6161
261 Gorham Road
South Portland, ME
 
First Horizon Home Loan Corporation
(207) 756-6055
21 Donald B Dean Dr
South Portland, ME
 
Kennebunk Savings Bank
(207) 985-4903
104 Main St
Kennebunk, ME
 

Energy Efficient Mortgages

What are energy efficient mortgages? More and more people are using them to purchase greener homes and save money in the long run. See what they are, who can use them, and what the benefit of having an energy efficient mortgage is.  

Energy Efficient Mortgages are mortgages that will give credit for a home’s energy efficiency in an actual mortgage, which gives a lendee the chance to fund cost-effective, energy saving home. This extends the debt-to-income eligibility ratios, allowing a lendee to meet the requirements for a larger loan. Not only do they receive a larger loan, but they also improve their situation with a home that is better and more energy-efficeint. 

Why should people buy energy efficient homes? There are many benefits to having an energy efficient home. The first two things that people talk about when buying an energy efficient home is that a) it costs less and b) it is better for the environment. An energy-efficient home saves a homeowner a significant amount of money on monthly bills because it uses less energy for heating, cooling, and water heating. It also creates less pollution, an obvious benefit for the environment. Energy efficient homes are also said to have increased comfort. Homes are typically cooler in the summertime, and warmer in the winter without using nearly as much energy. It is also said that the air quality in these homes is much better—improvement of duct systems typically means better airflow. 

These energy efficiency mortgages are mostly used to purchase new homes, which are already energy efficient. However, an energy efficient mortgage can be used to do energy efficient upgrades on existing or older homes. People who use these can spend a little bit more on their monthly mortgage payment because their energy efficient homes cost less on a monthly basis for other bills. In order to apply and receive an energy efficient mortgage, the borrower normally has to allow a home energy ...

Click here to read the rest of this article from Remodeleze.com

Maine Mortgage Licensing Body

Website: www.maine.gov

Phone: (207) 624-8500

State: Maine

Licensed By: Dept. of Professional & Financial Regulation

Additional Info: Dept. of Professional & Financial Regulation (207) 624- 8500http://www.maine.gov/pfr/index.shtml