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"Energy efficient" mortgages
Old 12-22-2005, 10:04 AM   #1
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"Energy efficient" mortgages

Hey, I don't name 'em, I just report 'em-- it turns out that the mortgage itself lacks any actual physical thermodynamic benefits.*

But the home financing system apparently just isn't complicated enough yet.

I don't know how desperate a borrower or a lender you have to be to count a $2000 solar tax credit as qualifying income.* Wouldn't it have been cheaper to save the cost of the solar installation as a down payment?* Or is this just another way to maximize your leverage?

Although the article mentions the savings that homeowners have realized under the financing, it doesn't give enough info about interest rates or closing costs to actually compare dollars to dollars.* I guess they're claiming that an EEM is better than a second mortgage or a HELOC?

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