As the recent cold wave (or the Polar Vortex, as it is not â€“ so lovingly known) swept across America, many home owners were made painfully aware of the importance of having a home which was energy â€“ efficient. However, paying for the same isnâ€™t exactly something which a lot of people would be very enthusiastic about. This could be attributed to the high initial capital which is required in order to acquire the kind of technology and / or modifications which can make the home more energy â€“ efficient. The answer to these problems lies in a green mortgage. This term refers specifically to mortgages which are availed with the purpose of augmenting the energy efficiency of the home.
There are a great number of options available for those homeowners who opt for a green mortgage, thanks to the Federal National Mortgage Association (which is also known by its nickname â€œFannie Maeâ€), the Federal Housing Administration and even the Veteranâ€™s Administration, all of which provide home owners with the opportunity to avail the mortgage they need to increase the energy efficiency of their home. The first step these home owners must take before committing to a loan is to hire a professional to assess the existing energy efficiency of their home which is then rated according to the Home Efficiency Ratings Scale (HERS), with a lower number indicating more energy-efficiency. This can help home owners get the right green mortgage for them.
Ratebeat NMLS Number : NMLS NO1267188
Registered New York Mortgage Broker – All mortgage loans arranged with third party providers.
Figure: 7 TAC §80.200(b)
“consumers wishing to file a complaint against a company or a residential mortgage loan originator should complete and send a complaint form to the texas department of savings and mortgage lending, 2601 north lamar, suite 201, austin, texas 78705. complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov. a toll-free consumer hotline is available at 1-877-276-5550. the department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. a written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. for more information about the recovery fund, please consult the department’s website at www.sml.texas.gov.”