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 ?
Besides huge savings on utility costs, the Green Mortgage programme offers an interest rate of up to 3.
In addition to huge savings on utility costs, the Green Mortgage programme offers an interest rate of up to 3.
This enabled Fannie Mae to provide larger loan sizes to finance efficiency improvements and develop its green mortgage products.
Once delivered to Fannie Mae, all Green Mortgage loans are marketed as "Green MBS" (mortgage-backed securities), which means access to a broader bond investor market interested in environmentally-focused investments.
Canadian telecommunication company TELUS (TSX:T)(NYSE:TU) announced on Friday that the partnership building TELUS Garden in Vancouver has issued USD225m in green bonds, reportedly the first time in North America that green mortgage bonds have been used to support real estate financing.
KARACHI -- Bank Alfalah recently launched Alfalah Green Mortgage in collaboration with its panel of solar energy experts, Grace Solar Pakistan, EBR Energy Pakistan (Pvt.
Everyone working in real estate must take responsibility for and work to improve weaknesses in the green mortgage transaction process.
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.
If you can't find a suitable green mortgage, many governments provide retrofit grants or rebates for energy-efficiency improvements.