Green for Green
By Anna Prior on August 24, 2009
A number of lenders and government agencies are offering mortgage deals to people who borrow money to make their homes more efficient, or who buy homes that already meet high efficiency standards. The programs work in a number of ways. Some offer a discount—often $500 or more—on the closing costs for a refinancing or new mortgage. Other plans offer a lower interest rate on the loan, sometimes a half-point or more below the current market rate.
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