Energy-Efficient Mortgages Westbrook ME

Local resource for energy-efficient mortgages in Westbrook, 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.

Maine Credit Union League
(207) 773-5671
2 Ledgeview Drive
Westbrook, ME
 
Merrimack Mortgage Company Inc
(207) 842-6854
660 Forest Ave
Portland, ME
 
Gorham Savings Bank
(207) 839-5209
10 Wentworth Dr
Gorham, ME
 
Downeast Mortgage Corporation
(207) 773-6161
261 Gorham Road
South Portland, ME
 
Primary Mortgage Corporation
(207) 774-7131
415 Forest Avenue
Portland, ME
 
First Financial Mortgage Corporation
(207) 775-4200
2320 Congress St Ste B
Portland, ME
 
Mortgage Network Inc
(207) 772-3100
2063 Congress Street
Portland, ME
 
Cumberland County Mortgage Inc
(207) 767-7382
324 Gray Road
Falmouth, ME
 
Td Banknorth Na
(800) 462-3666
One Portland Square
Portland, ME
 
Mortgage Bankers Association of Maine
(207) 233-1919
116 Queen St
Gorham, 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 ...

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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