Green Mortgage Update

I wanted to give you an update on the green mortgages. They are much harder and time intensive then I realized. I like learning new things so that isn't a problem. If you are in the market for one of these they can still be a great tool but you really should talk to a qualifed loan officer and also perhaps an energy consultant to know the best upgrades you can do so you make sure you qualify for a mortgage. Under no circumstances should you sign or agree to have work performed until AFTER you are qualified for these mortgages.
People are coming to me to get a "green mortgage" and the number one reason is for new windows. Now after talking to the energy consultants that determine if the energy loan is approved have told me that windows rarely if ever get enough impact to warrant the costs but also more importantly to qualify for the green portion of the mortgage. To be clear if you want a green energy efficient mortgage based on windows and new windows alone you are likely not to qualify for it. One consultant told me that windows were the last thing they were taught to do in upgrading a home to save money and energy. Don't take my word for it talk to one of them yourself. Resnet is a tremendous site and this is the link to find raters by state. Most of them can also tell you how difficult it is to get one of these green mortgages in part because lenders and brokers are so unfamiliar with them. I am far from an expert but I know far more than most people in the industry and am certainly willing to put in the time and research to be the expert that I want to be on these. Getting the word out is the hardest part. I found another great green website that has some tips and tricks to save money and help the planet at the same time.
Please let me know if you have any questions.