Green mortgage

Green mortgage

Type of mortgage in which the lending institution raises the allowable loan amount for an applicant’s earning level because the applicant’s green home has lower monthly operating costs and may even reduce the applicant’s transportation costs. See energy-efficient mortgage.
References in periodicals archive ?
KARACHI -- Bank Alfalah recently launched Alfalah Green Mortgage in collaboration with its panel of solar energy experts, Grace Solar Pakistan, EBR Energy Pakistan (Pvt.
This combination of investment and advisory services is expected to lead to dedicated supply of and increased demand for green mortgage financing, thus contributing to sustainability of this market.
18, 2014 /PRNewswire/ -- The New York City Energy Efficiency Corporation (NYCEEC), a leading provider of clean energy and energy efficiency financing solutions, is providing a green mortgage to a new Passive House multifamily development in Harlem.
Department of Housing and Urban Development's Green Mortgage Appraisal Roundtable.
An Entwistle Green mortgage consultant is available to provide information about the Help to Buy scheme as well as assist buyers in finding the right mortgage for them.
Bacorn said most leaders are unaware of what a green mortgage is, let alone executes them.
The company has now saved over US$7 million in energy costs by reducing its carbon footprint, and is helping customers reduce theirs through initiatives such as its green mortgage scheme.
The Green Mortgage Program: Homebuyers will receive a reduced interest rate or $1,000 back for each home-purchase mortgage meeting ENERGY STAR specifications.
VERDICT Melanie Bien, of independent mortgage broker Savills Private Finance, says: "N&P's fixed-rate green mortgage at 5.
And thousands more Britons are doing their bit by banking ethically, taking out a green mortgage or buying green electricity.