Home Mortgage Lenders Westbrook ME

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 Westbrook and information on home mortgage rates, home loans, and mortgage calculators.

Maine Credit Union League
(207) 773-5671
2 Ledgeview Drive
Westbrook, ME
 
Mortgage Network Inc
(207) 772-3100
2063 Congress Street
Portland, ME
 
Approved Home Mortgage Inc
(207) 781-4959
366 Us Route One
Falmouth, ME
 
Residential Mortgage Svcs Inc
(207) 775-6105
24 Christopher Toppi Dr
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
 
Merrimack Mortgage Company Inc
(207) 842-6854
660 Forest Ave
Portland, ME
 
Meridian Mortgage Group LLC
(207) 775-9155
48 Free St
Portland, ME
 
Alpine Mortgage Corporation
(207) 775-7717
1478 Broadway
South Portland, ME
 
Cumberland County Mortgage Inc
(207) 767-7382
324 Gray Road
Falmouth, ME
 

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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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