Why Use an EEM
The biggest reason to apply for an EEM over a standard mortgage is to help a buyer increase the amount of the loan that they qualify for. This means being able to afford to own a house that might normally be out of your price range without the EEM, thanks to the higher loan.
The energy-efficient nature of the house is also a big plus for a variety of reasons, the obvious being money saved on monthly energy bills. Besides that, however, having an energy-efficient home also increases its resale value substantially.
Most importantly, however, an energy-efficient home is more sustainable for the environment and the planet. So with an EEM you can save yourself some money and more easily afford a nicer home, all while also doing your part to help the Earth.
SOURCES: Energy Star, Banks.com, U.S. Department of HUD, Douglas McKnight (Capstruc Valuation)
Photo Source: Jeremey Brooks via CCL
