Green mortgages are rising in popularity as more people recognize that that energy-efficient homes can save money in utility costs as well as help the planet. And mortgage lenders, who know that today’s big Fed rate cut won’t be the be and end all for the economy, want to offer incentives. And one way the “big guys” at Bank of America, JP Morgan Chase and Citigroup are doing it is by offering reduced closing fees for energy-efficient homes.

This can even work on your second mortgage. Some lenders are offering green mortgages and incentives for adding improvements that make your home more energy efficient. It’s just another creative way for mortgage lenders to try and make the whole lending thing work again.

The good news is that it could save you money as well.

Post from: EveryJoe

Saving Money With Green Mortgages