In a world of accelerating energy costs,"green loan" has become a timely lending tool.   Not only does it address growing concerns about energy use and its impact on the environment and the wallet, but the "Green loan" can also help borrowers who face tightening lending requirements.

 

With this tool in the Elite Financial portfolio of loans, you have another helpful option when purchasing or refinancing: you can borrow more to improve your home’s energy efficiency, such as repair leaks in your air ducts (a small expenditure, which can save you up to 30% on your energy bill), energy efficient windows, or new attic insulation and solar power as examples. The savings calculated from energy efficiency can then be treated as income, which can add as much as 2% towards qualifying debt ratios. Different investors cap the amount they will loan for energy efficient improvements, but most allow for thousands of dollars to help you save on your energy costs and to help the environment.

 

Call Elite Financial today to see how this unique financial program can help you improve the energy efficiency of your current home or the home you want to purchase !