Our Environment

Many current home owners in the US and UK are approaching the adjustment period on the ARM’s (adjustable rate mortgages) that were used to purchase homes during the housing boom in the early 2000’s. Once again, although due to different economic circumstances, interest rates are at historic lows and the mortgage industry is struggling to retain customers.

There are many options available when re-financing. Green mortgages are becoming very popular since they give you a benefit for energy efficiency upgrades made to your home.

Here are some common questions asked about green mortgages:

What types of green mortgages are available?
The most common is the energy efficiency subsidy that actually discounts your interest rate for meeting the requirements. Also available is the donation type green mortgage. This usually involves a donation by the lender to an ecological organization that will in turn plant trees for carbon offset or promote other sustainability programs.

How can I qualify for a green mortgage?
In the US, you will need to make sure that your home is Energy Star compliant. This means that the home uses 15% less energy than the minimum federal requirements. If your home was built energy start compliant, you will most likely have a sticker on the breaker box of the home.

Can I get a green bad credit remortgage?
Yes, even with a low credit score you may be able to qualify if your house meets the energy efficiency requirements.

Where can I learn more?
Visit the Green Mortgages Guide for more details about qualifying for a green mortgage or remortgage.