November 28th, 2009 
Tushar Mathur Energy Efficient Mortgages (EEM) mortgages the home’s energy efficiency in the mortgage. It facilitates the borrowers to finance cost effective, energy-saving mortgage and allows the borrowers to take larger loan amount.
A borrower qualifies to get an Energy Efficient Mortgages if he has a home energy rater and conducts a home energy rating before financing is finally approved.
Energy Efficient Mortgages are taken to buy a new home that is energy efficient. The term EEM is used for all types of energy mortgages. They are used to purchase energy efficient homes, and also to make energy efficient improvements in these houses.
This is one of the most under utilized and beneficial program. The borrower can capitalize in today’s real estate market. It can add 15% of a homes appraisal value to the principal of a new loan at no extra cost to the borrower. One only needs to pay more interest and principal during the tenure of the loan. No additional costs are associated with EEM. And hence, there is a lot of saving.
Energy Efficient Mortgages are useful and cost efficient to the borrowers and also to the lender. Once a borrower takes an EEM, he becomes more stable by the savings created. This makes him a reliable customer and prospects of default are less. So it is beneficiary also to the lender.
The ratings for the energy rating homes of the borrowers are done by an inspector who is certified under a national accredited home energy rating system.
The borrower first needs to find a lender and then prepare for a certified energy rater to analysis your property. Some lenders also have energy raters who work on Energy Efficient Mortgages.
Energy Efficient Mortgages are available internationally. It is easily available all across the globe and facilitates both the lender and borrower.
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