Refinance Your Mortgage with an Energy Efficient Mortgage
Find Out Where YOUR Home is Losing Energy:
How would you like to refinance your mortgage with a loan where the interest is tax-deductable, and it allows you to make upgrades to your home that improve your comfort and save money on your energy bills. With an energy efficient mortgage, you get the benefit of mortgage refinancing, and you can take advantage of energy saving options that were previously available only with new homes. Energy efficient mortgage refinancing allows you to spend more money on your home because you're paying less on your monthly energy bills.
Finding a Lender for Your Energy Efficient Mortgage
How do you find a lender to refinance with an energy efficient mortgage? When meeting with mortgage lenders, let them know that you want to refinance your mortgage with an energy efficient loan, and request a copy of the Good Faith Estimate. You'll use the Good Faith Estimate to compare offers and choose the energy efficient mortgage that best fits your needs.
Need a HERS Rating for Your Home
To qualify for an energy efficient loan, you'll need a certified Energy Rater to perform a Home Energy Rating Systems (HERS) rating of your home. The energy rater will perform a thorough assessment of the energy efficiency of your home, and determine its energy efficiency rating on the HERS Index. The assessment includes recommendations for energy saving upgrades to your home, along with estimated energy savings and energy costs after the upgrades are completed. You will need to provide this report to your lender.
How It Works
You decide which of the recommended improvements you'd like to undertake, and the energy efficient mortgage loan is used to pay for them. Once you're approved for the loan, your lender will establish an escrow account to pay for the repairs and upgrades to your home. When the work is completed, the contractors are paid from the funds held in escrow and the escrow account is dissolved.
Win, Win, Win
With energy efficient mortgage refinancing, you can have a net savings each month by saving more on your energy bills than the cost of the loan. And don't forget, the energy efficient mortgage loan is tax-deductable. The energy saving upgrades can also increase the value of your home, giving you additional equity while doing your part for the environment.
Home Energy Efficiency Tips:
- General Energy Saving Solutions The Energy Star Program
- Simple Energy Saving Strategies Home Insulation
- Home Assessment Overview Energy Features, Green Your Home
- Energy Efficiency Mortgages & Grants Energy Efficient Mortgage
We were unaware of what was involved in an energy audit and your audior took the time to explain everything. We were impressed with the report which told us the areas in which we need to take action on. He never pressured us to use any particular contractors, he just suggested that we go to the Building Energy Pros web site to select contractors of our own choice. He did an excellent job and we HIGHLY recommend the Building Energy Pros. We already have recommended them to several of our neighbors. Again, EXCELLENT JOB!
The Building Energy Pros auditor was very knowledgeable. I was VERY HAPPY with him. He promptly E-mailed my energy audit report to me and I will consider all of his recommendations.
We found out that our house really has no energy problems. We are happy to know that we
I was very satisfied with your energy auditor. He was very qualified and spent a great deal of time with me. The energy audit was very informative.
The energy auditor was very good and helpful. He keeps in touch with me to answer any of my questions.
I was very satisfied with my energy audit. The auditor gave me some tips on attic insulation that were very helpful.
I was very satisfied with my energy audit. Thank you!
Very good service! I am going to replace the windows as the auditor had suggested.
I was very happy with the energy audit. THANKS!
My energy audit was very helpful. Joe Dempsey, your auditor, identified some structural problems that I was not aware of and explained to me why I need more insulation.
The auditor was EXCELLENT! He spent ALOT of time with me. I am going to take 3 to 4 of his suggestions and correct these small items to save on my energy bills.
The auditor did a GREAT JOB! He knew a lot about older homes, which we have. The report was very comprehensive. Thank you!
Your energy auditor was very nice and helpful. He answered all of our questions. We will recommend Building Energy Pros to our friends and neighbors.
The auditor did a TERRIFIC JOB! The report was FANTASTIC! I will make all the repairs he suggested. I will definitely recommend him to everyone I know that could benefit from a home energy audit.
Steve Sleigh, Chevy Chase
The energy auditor was very professional and I am very satisfied with both the energy audit and the report I received. I will be referring the Building Energy Pros.
I was very satisfied with the auditor. He was great and gave me some very valuable information. I will refer him to people I know who may need a home energy audit.
Your home energy audit proved to be very informative and helpful. I was not aware of the updraft created inside our walls because of the balloon framing construction. You said that that can cause heat to be pulled out of the house with the draft going up inside the walls and should be re-mediated. You also said that the attic insulation was insufficient and that fiberglass batts can leave spaces for around the edges causing heat loss and that it should have blown in insulation on top of what was there to seal the whole attic and increase the r factor. After going over your findings and telling me how you would fix the problems you told me how I could do it myself with stuff from the Home Center and for a quarter of the cost. Well, I did. I went into the basement and filled the bottom of the wall joist with unfaced insulation where they set on the sill plate. I then cut one inch foam board the size for each space and set it in and the sealed the edges of that with expanding foam as well as the sill plate to the foundation. I also sealed the sill plate to the foundation where the joist ran along it, as well as the top of those joist where it made contact with the subflooring. Next I went to the home center and rented their blown insulation machine and got ten bales of the insulation. I filled the attic on top of the batt insulation with about six inches giving another r-19 factor on top of the r-19 that was there. You said that the blown in would also help seal the heat loss around the edges of the batt. The work in the basement cost $144.00 and the work in the attic cost $328.00. After the 30% federal energy tax credit it will end up costing me about $330.00, which you said I should recover in savings in the first year. Thank You for all your advice and expertise. You made me aware of things I should consider and did.