Green Mortgages - Home Loans

Home Loans

Green Mortgages
(presented by www.refinance-refinance.net - mortgage lenders)

By G. Mundy

A new wrinkle has emerged in the mortgage market, one which has the potential to allow would-be home owners additional borrowing leverage. Energy efficient mortgages (EEM) are appearing on the radar screen for home buyers who are lured by the promise of lower monthly utility bills and the ability to qualify for larger home loans.

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HOME LOANS ADVERTISEMENT

Traditional mortgages are calculated based on a person’s debt-to-income ratio. The traditional standard has been that homebuyers should try to keep mortgage payments below 28 percent of gross income. Additional debt such as car loans, short term credit and student loans should not total more than 36 percent of the household

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