Home, Investment
Property and Construction
Loans
How to finance your
custom dream home or commercial building
Ten steps to
financing your new BIOS home with the lender of your choice
WHO
BENEFITS FROM THE ENERGY EFFICIENT MORTGAGE?
Buyers:
Qualify for a larger loan on a better home!
Get a more comfortable home NOW.
Save money every month from Day One.
Increase the potential resale value of your home.
Sellers:
Sell your home more quickly.
Make your house affordable to more people.
Attract attention in a competitive market.
Remodelers/Refinancers:
Get all the EEM benefits without moving.
Make improvements which will actually save you money.
Increase the potential resale value of your home.
Pay for energy improvements easily,
through your mortgage. Your lender can increase your loan
to cover energy improvement costs. Monthly mortgage
payments increase slightly, but you actually save money
because your energy bills will be lower!
If included in the mortgage, solar will increase
your payment by the average of $19.00 per month while reducing your
utility bill by $25 to $45 per month; thus, giving the homeowner a
positive cash flow from day one.
Example:
Adding a Solar Energy System to mortgage: $19.00/month
Potential Power Bill Savings: $45.00/month
-----------------
Positive Cash Flow/month: $26.00
But that's not the only benefit!
Installing a Solar Water Heater can also help you qualify for an
Energy Efficient Mortgage (EEM). The advantages of an EEM include a
reduced down payment, lower closing cost or an increased debt-to-income
ratio. This debt-to-income ratio stretch means you qualify for a larger
mortgage. So, when you're deciding what to include in your new home,
remember that solar is the only household appliance that pays for itself
over and over again. Other water heating systems, like electric and gas
require never-ending monthly utility payments. The sun's energy is FREE.
Learn more click here
Additional Mortgage Resources
M&T Bank Construction Loans
Countrywide Home Loans
Your personal bank is also a great resource!
THE BIOS BUILDING TECHNOLOGY CENTER
15,500 square feet
of prime residential and commercial space dedicated to
showcasing the
best of green building and design technologies as well as
a BALANCED
LIVING CENTER that will be a combination of businesses and
services that promote health and wellness.
Coming Soon to
72 Railroad Street
in New Milford, CT
Zero-Energy
- Affordable - Green - Automated - Sustainable
Homes, Churches
and Commercial Buildings