Home Mortgage Lenders Newburyport MA

With the money borrowed from the home mortgage lenders at banks, a home buyer can own a house without paying much money up front. See below to learn more and to gain access to home mortgage lenders in Newburyport and information on home mortgage rates, home loans, and mortgage calculators.

Vip Mortgage Corporation
(603) 929-6321
97 Lafayette Rd
Hampton Falls, NH
Gateway Funding Diversified Mtg Srvs Lp
(978) 521-3700
333 S Main St
Haverhill, MA
Merrimack Mortgage Company Inc
(603) 964-3668
270 Lafayette Rd
Rye, NH
New England Regional Mortgage Corp
(978) 686-0010
265 Broadway
Methuen, MA
Ark-la-tex Financial Services LLC
(978) 681-9940
169 East St
Methuen, MA
First Horizon Home Loan Corporation
(603) 926-7212
725 Lafayette Rd Ste 2
Hampton, NH
Arlington Trust Financial Serv
(978) 556-5925
25 Railroad Sq Ste 502
Haverhill, MA
Rockport Mortgage Corp
(978) 283-9208
17 Rogers Street
Gloucester, MA
Mortgage Workouts Inc
(978) 682-0500
5 Pleasant St
Methuen, MA
Flagstar Bank Fsb
(978) 865-4300
186 Main Street #25A
Gloucester, MA

Energy Efficient Mortgages (Part 2)

An energy efficient mortgage acknowledges that homes that are energy efficient generally cost homeowners less to maintain on a monthly basis as oppose to other standard homes. Buying a energy efficient home allows a homebuyer to be able to spend money on other items for the house because their energy bills will be reduced. Energy Efficient Mortgages (EMM) allows borrowers to take out bigger mortgages because their monthly energy expenses on a energy efficient home won’t be as expensive meaning that they will most likely be able to pay the loan off faster. With a EEM you can also take a standard home and make it energy efficient.

How can a EEM benefit a borrower?

There are several ways a borrower can benefit by taking out an EEM. Well, first the borrower’s income and the estimated energy savings are analyzed allowing the borrower to qualify for a larger mortgage loan. Also the borrower’s buying power is increased permitting the borrower to include the total cost of any energy improvements into the total mortgage loan amount. Then because of the energy improvements the house value is increased.

Can Your Home Qualify for A EEM?

Energy Efficient Mortgages can be used for newly constructed homes. Your home must be a single-family, a owner occupied residential , a one unit house or a condominium in order to qualify for a EEM. Before you can take out a EEM you must first have a RESNET report evaluation. The RESNET report determines your home energy efficiency in it’s current state. After a RESNET report is done then you will receive a energy home rating. A energy home rating measures your home energy efficiency. A home energy rater that’s accredited by the RESNET rating system will conduct a home inspection. They will look at things like your home heating and cooling system, window to wall ratios and insulation levels just to mention a few. Then you will receive a energy rating score between 1 to 100.

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Massachusetts Mortgage Licensing Body

Website: www.mass.gov

Phone: (617) 956-1501

State: Massachusetts

Licensed By: Massachussets Div if Banks/Office of Consumer Affairs & Business Regulation

Additional Info: Regulated by Massachusetts Division of Banks/Office of Consumer Affairs & Business Regulation - (617) 956-1501 http://www.mass.gov/?pageID=ocaagencylanding&L=4&L0=Home&L1=Government&L2=Our+Agencies+and+Divisions&L3=Division+of+Banks&sid=Eoca (MA is licensed through the NMLS)