Sunday, July 17, 2011

Wrapping the cost of energy improvements into a mortgage - ContraCostaTimes.com

Wrapping the cost of energy improvements into a mortgage - ContraCostaTimes.com

By Eve Mitchell
Contra Costa Times

Stuck with soaring utility bills in a home that's a glutton for energy? Buying a home that has a lot to be desired in terms of energy-efficient features?

There's hope. An under-the-radar program that has been around since 1995 can help buyers save on their utility bills by letting them fold the cost of energy improvements into their mortgage. The program, dubbed Energy Efficient Mortgage, can be used by homeowners with both Federal Housing Administration and Veterans Administration loans....

No comments: