Structural Insulated Panel (SIP) Manufacturer
Structural
Insulated Panel (SIP) Manufacturer
Manufacturer
of Structural Insulated Panels (SIPs)
Copyright 2008-2011 Foam Laminates of Vermont, a division of Energy Smart Building, Inc. All Rights Reserved.
Supporting the Green Building Industry.
Copyright 2008-2011 Foam Laminates of Vermont, a division of Energy Smart Building, Inc. All Rights Reserved.
Supporting the Green Building Industry.
SIP
homes manufactured by Foam Laminates of Vermont can qualify for Energy Efficient
Mortgages. These are special mortgages with stretched debt to income ratios
which are available to newly purchased energy efficient homes.
Utility bills, right after the monthly mortgage payments, are the largest costs associated with owning a home. Unfortunately, these bills will continue to increase and become more burdensome to homeowners. SIP homes save so much money on heating and cooling bills that mortgage lenders are willing to give energy efficient homes a larger loan. Since lenders are willing to 'stretch' debt to income qualifying ratios up to 2%, homeowners can borrow more on the same income.
In order to obtain an energy efficient mortgage, the newly purchased home must be tested for energy usage. A favorable rating from The Home Energy Rating System (HERS) index - which is used to measure the amount of home energy consumption - is a necessary component.
HERS testers are available nationwide and generally coast between $400 and $600 per assessment. However, these cost savings are quickly realized when one considers the increasing utility costs. In addition, the homeowner can get the cost covered by the lender, builder, or even a real estate agent. In some case, the lender will finance the cost.
Utility bills, right after the monthly mortgage payments, are the largest costs associated with owning a home. Unfortunately, these bills will continue to increase and become more burdensome to homeowners. SIP homes save so much money on heating and cooling bills that mortgage lenders are willing to give energy efficient homes a larger loan. Since lenders are willing to 'stretch' debt to income qualifying ratios up to 2%, homeowners can borrow more on the same income.
In order to obtain an energy efficient mortgage, the newly purchased home must be tested for energy usage. A favorable rating from The Home Energy Rating System (HERS) index - which is used to measure the amount of home energy consumption - is a necessary component.
HERS testers are available nationwide and generally coast between $400 and $600 per assessment. However, these cost savings are quickly realized when one considers the increasing utility costs. In addition, the homeowner can get the cost covered by the lender, builder, or even a real estate agent. In some case, the lender will finance the cost.
Homeowners:
Sellers:
| · | Secure a larger loan |
| · | Save money from day one |
| · | Larger appraisal value |
| · | Sell home easier and quickly |
| · | More affordable to buyers |
| · | Attract more attention |
To
find out more on Energy Efficient Mortgages, please visit the Energy
Efficiency Mortgage Home Owner Guide website.
For more information about HERS raters in your area, please visit the Residential Services Energy Network website.
Foam Laminates of Vermont recommends M & T Mortgage Corporation as a lender because of their excellence in financing options, customer service, and expertise with working with a SIP manufacturer.
For more information about HERS raters in your area, please visit the Residential Services Energy Network website.
Foam Laminates of Vermont recommends M & T Mortgage Corporation as a lender because of their excellence in financing options, customer service, and expertise with working with a SIP manufacturer.
- More Comfortable
- Stronger & Safer
- Faster to Construct
- More Resource Efficient
- Healthier Living
- Save Money
- Wave of the Future
- Greater Energy Savings
- Straighter Walls
- More Design Friendly
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