Home Mortgage Lenders North Kingstown RI

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 North Kingstown and information on home mortgage rates, home loans, and mortgage calculators.

Ocean State Reverse Financing Inc
(401) 667-2578
1130 Ten Rod Rd # D101A
North Kingstown, RI
 
Complete Mortgage Company
(401) 275-2020
1020 Park Avenue Ste 107
Cranston, RI
 
Mortgage Pros Inc
(401) 886-8500
58 Main Street
East Greenwich, RI
 
Capital Mortgage Corporation
(401) 884-1860
4512 Post Rd
East Greenwich, RI
 
Oak Tree Funding LLC
(401) 398-1013
620 Main St Unit 1A
East Greenwich, RI
 
Wilmington Finance Inc
(877) 451-9457
650 Ten Rod Rd Unit 3
North Kingstown, RI
 
Countrywide Home Loans Inc
(401) 884-9500
2240 S County Trl # 5
East Greenwich, RI
 
Northstar Financial Services Inc
(401) 886-1140
1050 Main Street
East Greenwich, RI
 
Primary Home Mortgage LLC
(401) 885-1395
655 Main St Ste 201
East Greenwich, RI
 
American Mortgage Network
(401) 737-9530
200 Metro Center Blvd Ste 10
Warwick, RI
 

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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Rhode Island Mortgage Licensing Body

Website: www.dbr.ri.gov

Phone: (401) 462-9503

State: Rhode Island

Licensed By: Rhode Island Dept. of Business Regulation Division of Banking

Additional Info: Rhode Island Dept of Business Regulation Division of Banking (401) 462-9503 http://www.dbr.ri.gov/divisions/banking/(RI is licensed through the NMLS)