Green Mortgages

Green Mortgages, are mortgages on energy-efficient homes. They allow home buyers to add as much as an additional 15 percent of the sale price into the loan, for …

Green Mortgages, are mortgages on energy-efficient homes. They allow home buyers to add as much as an additional 15 percent of the sale price into the loan, for upgrades such as energy-efficient windows, water heaters, or solar panels [1]. The Housing and Economic Recovery Act of 2008 includes a provision to streamline and promote green mortgages [1]. New York, Vermont and California are states that have enacted bills to promote green mortgages and The Green Resources for Energy Efficient Neighborhoods Act is currently being reviewed by congress.

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Sources
1. Chang, Helen " Green Mortgages Offer New Growth ". September 11, 2008. NuWire Investor.

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