Fwd: Refinancing Green - Home Energy Week

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> Ideal Bite <dailytip

>

> Thursday, March 23, 2006

>

> IDEAL BITE ~ a sassier shade of green

>

> ===============================================

> Today's Daily Tip: Refinancing Green - Home Energy

> Week

> ===============================================

>

> Wondering how to pay for all your Home Energy Week

> improvements?

>

> The Bite:

> Biter home owners, you could qualify for an Energy

> Efficient Mortgage

> (EEM) to help finance energy efficiency improvement

> projects. Lenders

> calculate future home energy savings, holding up to

> 15% of the home's

> future appraised value in escrow to cover the cost

> of energy upgrades.

>

(http://idealbite.com/tiplibrary/tip.php?tip=20051017 & title=Green_Your_Mortgage,\

_Green_Your_Wallet)

>

>

> Benefits:

> - Energy improvements save you a lotta green in the

> long run - one

> third to one half on your monthly energy bill.

> - Increase the appraised resale value of your house

> by as much as 15%.

> - Through the Energy Policy Act, Uncle Sam gives tax

> credits to

> homeowners who conserve energy.

> - It’s easier than you think. Just get a home

> energy audit to see

> what you need to do, and contact a lender to see

> about refinancing for

> your improvements.

>

>

> Personally Speaking

> Neither of us has plans to refinance anytime soon

> (well, Heather would

> like to just “finance” for the first time). But we

> will go green when

> we do…

>

>

> Wanna Try?

> - Indigo Financial Group – the go-to place when it

> comes EEM for both

> existing and new homes.

>

(http://www.energyefficientmortgages.com/conveem.htm)

> - Fannie Mae – learn more about EEMs and other

> programs associated

> with the Housing and Environment Initiative straight

> from the horse’s

> mouth.

>

(http://www.fanniemae.com/housingcommdev/solutions/environment.jhtml)

> - RESNET Home Energy Rating – a home energy audit is

> the first step to

> qualifying for an EEM.

>

(http://www.natresnet.org/resources/consumer/default.htm)

>

>

> Bang for the Bite

> Rating: 5 Apples (out of 5)

> The average U.S. home uses the energy equivalent of

> 1,253 gallons of

> oil every year. If 10,000 Biters converted to

> Energy Star-qualified

> homes, each year the collective effect would be

> equivalent to removing

> 3,000 cars from the road.

>

>

> Cocktail Factoid

> The Federal National Mortgage Association (aka:

> Fannie Mae) was

> created by U.S. Congress in 1938 to help the housing

> industry during

> the Depression. It turned private in 1968.

>

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> http://www.idealbite.com/

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> Yo Biters! We recently met the lovely Laurie David,

> founder of

> StopGlobalWarming.org, and she threw down the

> gauntlet. If we get more

> of YOU to sign up to her virtual march to stop

> global warming (no

> cost, just fun) through our Biter page than Laurie

> has on her page,

> she will personally hand Leonardo DiCaprio a Biter

> tee shirt (who,

> clearly, should be a Biter anyway). Think of the eco

> impact we could

> all have! Click here to join the virtual march.

> (http://www.stopglobalwarming.org/partners/?466640)

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>

>

>

>

> © 2005 Ideal Bite, Inc.

>

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> of testing and a

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