Wednesday, June 19, 2013

Buy a greener home, qualify for a better mortgage?, Alexandria VA


This is a perfect opportunity to remind anyone living in the Northern VA area that an award winning Solar home, Platinum Earthcraft Certified is on the market for sale.
It's a brand new construction at only $727k. For more info scroll down to an earlier post or go to http://earthcraftgreen.com/

A bill introduced in the Senate by senators Michael Bennet (D-Colo.) and Johnny Isakson (R-Ga.) would give purchasers a new incentive to buy a green home. The bill would require lenders to take into account the energy-efficient features of a home when calculating a borrower’s income/expense ratio.
That would allow buyers to qualify for a larger loan or a better rate if a home is energy efficient.
The Bennet/Isakson bill would require lenders to assume that someone in a more energy-efficient home would spend less… and thus be able to afford to borrow more.
A home-energy report would have to be prepared by an approved inspector (much like a radon or termite report), and lenders would explain the benefits of investing in green upgrades.

This bill would reward those who own homes with green features.


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