Archive for May, 2008

The advantage gained by green mortgage

 

 

Energy Efficient Homes are the best supportive way to green revolution and as it is an environment friendly effort for living, EEM module is a preferred finance option for state. The mortgage option for EEM type of home is called Green mortgage. There are three options for green mortgage.

Some bank offer less rate of interest for purchasing EEM module home and presently the realtors are incorporating the energy star standards of government. Bank of America, Citibank, JP Morgan chase honors the green mortgage module of mortgage.

Renovation of existing home into EEM module gets more loan amount from the bank. The sanctioned loan amount for the purchase of EEM type house is more because of the anticipatory utility energy bill of that house.