FHA 203K Network Bloggers ~ Distressed & Short Sale Real Estate Marketing for Mortgage Loan Officers & Real Estate Agents ~ Energy Efficient Updating ~ Tax & Energy Credits

Why Add On An Go Green with Energy Energy Efficient Efficient Renovations and Mortgage? New Orleans ~ A Place to Call Home access thousands in Tax and Energy Credits Gary Lee Realtors, LLCThe Energy Efficient Mortgage Add On (EEM) helps home buyers to Michelle Dillon, Realtorsave money on utility bills by enabling you to finance the cost of addingenergy efficiency updating to your mortgage. (504) 667-9272At a minimum home buyers are required to apply the EEM funds toaddress: the local recommended R value (insulation rating factor) in Buy Smart ~ Let me show you the rightceilings, walls and floors; infiltration levels and barriers (caulking,weather stripping and sealing); adding storm windows and doors; the way to include Bank Ownedheating (including water heating) and cooling systems. Once the above Properties in Your Home Shoppingitems are addressed you can use any additional funds to purchaseother energy efficient appliances or equipment such as active orpassive solar technologies and big ticket improvements get big taxcredits in 2012.You’re automatically approved for an EEM Add On with a substantialincrease of funds to get energy efficient and there isn’t any additionaldown payment requirements since FHA wants to help you to Go Green.If you’re shopping for an REO, Distressed Home, take advantage oftoday’s current low rates and get your home weatherized with this all in To help you get started I recommend you begin your incentives searchone EEM mortgage. Not only can this save thousands of utility dollars, here. While you’re reviewing any potential incentives your renovationbut you don’t have to made a cash purchase or finance your project could qualify for be sure to read the providers requirements inimprovements with a high cost credit card. detail. Often times property type, date of equipment purchased, application and scheduled complete dates can determine eligibility. ForThe cost of the energy improvements and estimate of the energy example: Beaches Energy Services ~ Solar Water Heating Rebatesavings must be determined by a home energy rating system (HERS)or an Energy Consultant. The fees and inspection report are included in requires you download and submit your application WITHIN 60 DAYS ofthe mortgage just like the cost when using an FHA Consultant, which completion. It’s just one of many small rebates you can qualify for. Withcan be financed into your mortgage loan. an eye on incentives to Go Green and wouldn’t be hard to recapture your down payment, as well as creating the home of your dreams with andThe EEM and Renovation Loans solve most home shoppers concerns FHA 203K Renovation Home Loan and the EEM Add On.about distressed home purchasing and give you the tools to participatein the hottest Housing Market for Home Buyers in historyEEM can be used for FHA, VA, RD and Fannie Mae Loans. Onaverage you can increase your mortgage balance by 5% or $5000 per$100K of appraised value. That’s a great opportunity not to pass up.Get Pre Qualified and tell your Loan Officer that you want to find outmore about an EEM and Aaron will get you the details fast.

FHA 203K Network Bloggers ~ Distressed & Short Sale Real Estate Marketing for Mortgage Loan Officers & Real Estate Agents ~ Energy Efficient Updating ~ Tax & Energy Credits

by FHA 203K Network Bloggers on Jul 27, 2012

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FHA 203K Network Bloggers ~ Distressed & Short Sale Real Estate Marketing for Mortgage Loan Officers & Real Estate Agents ~ Energy Efficient Updating ~ Tax & Energy Credits Presentation Transcript

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