Interest Rates, Going up!
Interest rates are heading up!
If you have been watching interest rates lately you know they are heading up. There are a number of reasons for this but namely the bond market is driving the rates up as the Government needs to sell more to cover the cost of the stimulus package. I am not an economist so I can not explain all the details that are behind the rise in interest rates but I do know how you can get more bangs for your buck and a slightly lower interest rate. Would you take 1/8 of a point lower rate
? I know any reduction in rate is welcomed.
The key to getting that lower rate is to buy an energy efficient or green built home. You will need to find a lender that offers an EEM (Energy Efficient Mortgage) or enlist the aid of an EcoBroker®. There are lenders today that will shave an eight of a point off your interest rate for the life of your loan if the home you buy is green built or certified energy efficient. This adds up to considerable savings over the life of the loan on interest payments.
If you bundle the savings on interest payments, the lower utility bills and health benefits* isn’t it time to go green? Also for you first time home buyers add in the $8000.00 tax credit and it looks like a pretty good time to buy.
Energy efficient is good, green is better! Thinking of buying a home, talk to an Ecobroker® and make an informed decision. 210-316-4555
*It is my belief that you will see lower health care cost as a result of living in a green built home. A lot of the health problems we have are a result of environmental triggers, our home environment should be as healthy as possible.