Latest Video from Energy Mortgage Network: An in-depth interview with Steve Baden, Executive Director of the Residential Energy Services Network (RESNET.us) with Ken & Sharla Riead.
Please click on the YouTube logo in the bottom right in video to go to quick topic links and chapters. Be sure to turn on sound.
New for 2020:
Freddie Mac CHOICERenovation® Mortgages now offer substantially larger financing amounts than other energy mortgage products currently available.
Just take a look at the following example:
The purchase price for an existing home is $75,000
The cost of the energy and other improvements is $180,000 (More than twice the original price of the home.)
The ‘As completed’ value of the property is $250,000 or the maximum allowable renovation cost. (Owner added $5,000 to complete the transaction.)
This revolutionary energy mortgage program has the potential to refinance and upgrade existing residences into more energy efficient, durable, safe and healthy living units.