Home Improvement Bethesda MD

Home improvement in Bethesda, MD does not come without cost. Most energy-efficient financing programs will encourage you to have an energy rating for your new or existing home, which will tell you and the lender how energy-efficient it is. A rating typically involves an inspection by a professional energy rater who is certified under a nationally or state accredited home energy rating system (HERS). Please scroll down to learn more and get access to all the related products and services in Bethesda, MD listed below.

Sunset Mortgage Company Lp
(301) 656-4050
4715 Cordell Ave Fl 2
Bethesda, MD
 
Martin Smith
4800 Hampden Lane
Bethesda, MD
Company
Title: President, Wealth Management Advisor
Company: KingdomTrust Capital Management, Inc.
Education
Howard University, Bachelor of Arts
Regent School of Divinity, Candidate: M.DIV
Denver College of Financial Planning
Years Experience
Years Experience: 15
Service
High Yield Bank Accounts,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Alternative Investments,Life Insurance,Investment & Portfolio Management,Long-Term Health Care Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Fee-Only Comprehensive Financial Planning,401k Rollover From Employer,Income for Life/ Preserve Principal,Wealth Management,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Commi

Data Provided by:
Suburban Mortgage Assn Inc
(301) 654-8616
4630 Montgomery Ave Ste 500
Bethesda, MD
 
American Home Mortgage Corp
(301) 657-8100
7920 Norfolk Ave
Bethesda, MD
 
Walker And Dunlop
(301) 215-5500
7501 Wisconsin Ave Ste 1200
Bethesda, MD
 
Residential Finance Corporation
(800) 930-7334
3 Bethesda Metro Center
Bethesda, MD
 
Nugent Mortgage Corporation
(301) 986-9090
7315 Wisconsin Ave Ste 450N
Bethesda, MD
 
Chartermac Mortgage Capital Corporation
(240) 482-1900
7625 Wisconsin Ave Fl 3
Bethesda, MD
 
Bank Of America Na Charlotte
(301) 571-1480
7200 Wisconsin Ave Ste 400
Bethesda, MD
 
Wachovia Multifamily Capital Inc
(301) 321-1200
7255 Woodmont Ave Ste 200
Bethesda, MD
 
Data Provided by:

Home Improvement

Home Improvement Financing


Consider: Energy-Efficient Financing, Home Equity Lines of Credit, Home Equity Loans, Home Loans, and Low Rate Construction Loans.

Home Energy Rating

Most energy-efficient financing programs will encourage you to have an energy rating for your new or existing home, which will tell you and the lender how energy-efficient it is. A rating typically involves an inspection by a professional energy rater who is certified under a nationally or state accredited home energy rating system (HERS). There are several options regarding HERS, so the type of HERS used will depend on where you live. Some states even have more than one HERS.

For the most part, an energy rater will inspect the energy-related features of a home, such as insulation levels, window efficiency, heating and cooling systems, and air leakage. After the inspection, the energy rater will probably give you a report that includes the home's energy rating along with an estimation of annual energy use and costs. The report also may include recommended energy-efficient improvements, if needed, and their costs, as well as the potential annual savings and eventual payback of the improvements.

To help qualify for most energy-efficient financing, the report usually must show that the home is energy-efficient or that recommended improvements are cost-effective and will save you more money than you'd be borrowing to install them. While calculating whether a borrower qualifies for a mortgage, a lender can recognize these savings and add the cost of the improvements into the mortgage. Or, if the home is already energy-efficient, the lender can stretch the debt-to-income qualifying ratio, which is expressed as a percentage (the ratio is calculated by dividing a borrower's monthly payment obligation on long-term debts by the borrower's net effective income or gross monthly income).

The cost of a home energy rating and how it can be paid—by the borrower, the seller, the lender, the real estate agent, or financed as part of the mortgage—as well as the availability of certified energy raters, can vary from state to state and from one energy-efficient financing program to another.

Energy-Efficient Financing Programs

You can apply for energy-efficient financing through a government-insured or conventional loan program. Some states even have programs for their residents, so it's a good idea to contact your state energy office to find out if your state does.

There are two types of energy-efficient mortgages (EEMs): one for a new home and one for an existing home. With an EEM, you can purchase or refinance a home that is already energy-efficient. Or you can purchase or refinance a home that will become energy-efficient after energy saving improvements are made. Most energ...

Click here to read the rest of this article from GreenandSave.com