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Important documentation will be needed before you can become approved for a mortgage. You will need to provide income verification, including bank statements, W2 forms and paycheck stubs. Also, credit checks will be obtained by the lender to determine your willingness to pay back debt as a borrower. Remember, when you are buying a home, having the proper documentation will speed up any approval process.
ENERGY EFFICIENT MORTGAGES: An energy efficient mortgage is a program motivating homebuyers to make new or existing homes more energy efficient. Because the subject home will be more energy efficient, the thought is your monthly utilities will cost less. Paying less in monthly utility bills allows the lender to raise your monthly income, and will allow you to be approved for a more expensive home. A borrower can use a green mortgage to rollover the energy improvement costs into the total mortgage value. The costs of energy improvements will be held in an escrow account to pay for the costs to improve the home’s sustainability.
U.S. Department of housing and Urban Development
A Public-Private Partnership for Advanced Housing Technology
MORTGAGE CALCULATORS - Make sure to enter correct and realistic information in the calculators to get a fair and accurate estimate. Always remember these are estimations, and there might be other factors that play into your mortgage payments.
TAX INCENTIVES- Homeowners who have or want to upgrade to energy efficient appliances might be eligible for tax incentives from the government.
Federal Tax Credits for Energy Efficiency
MORTGAGE TERMS - Through the home buying, selling, or leasing processes, there might be some terms that you might not be familiar with. The following link is to a glossary of terms that might help you understand them better.
Energy Efficiency and Renewable Energy Buildings
A Public-Private Partnership for Advanced Housing Technology
ENERGY AND EFFICIENCY
Energy Efficiency and Renewable Energy
RECYCLING
The Internet Consumer Recycling Guide
WATER
Environmental Protection Agency on Water Quality
AIR QUALITY
Environmental Protection Agency on Air Quality
PARKS AND RECREATION
National Recreation and Park Association
STORES
GENERAL GREEN RESOURCES
ARTS AND ENTERTAINMENT