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  Weststar | GEM Newsletter September 2015 |

 

 

 

Back to the Future 2.2 | A New Perspective on Green Mortgages, Payments and Incentivized Financing

sept newsletter pic 2 (copy) (copy) To better understand how a green, high-performance loan should work, we should first review how conventional mortgages and interest is calculated. 

It’s important to note that all green projects, whether a new construction project or retrofitting an existing home, are related to some type of custom construction financing which can vary, depending on the level of performance measures incorporated in the building.

Typically, the amount of interest paid associated with mortgages costs at least two-thirds more than the borrowed loan amount over the loan life if payments are made on a normal amortization (30-20-15 year loan term) schedule. Most consumers don’t pay special attention to total interest costs and often can’t think that far ahead, often skimming over important documents like the Truth-in-Lending (TIL) disclosure they receive at application and closing.

Most homeowners and real estate professionals may not realize that small incremental increases in interest rates don’t play as much of a role in the life of the loan overall balance, as in how you make your mortgage payments.

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New Report Identifies Perfect Storm of Challenges Facing Electric Utilities

August 7, 2015 - SCC Staff

A new study --  2015 Strategic Directions: U.S. Elecric Industry Report -- from Council Associate Partner Black & Veatch illustrates the complex changes electric utilities are grappling with today.

Among them:

  • Shifts in regulatory focus
  • Increased environmental concerns
  • Rising customer expectations
  • Availability of increasingly inexpensive and appealing alternatives to grid-provided power

These developments, and others, are quickly turning the old utility business model into a relic of the previous century.

 

 Millennials Coming of Age – Employment Numbers Don’t Add Up

Here is an interesting recent study conducted by Goldman Sachs concerning the number of Millennials still living at home. 

The study reflects how economic unemployment rates are not reflecting the total picture of part-time, temporary employment numbers and how millions of Millennials are still not able to enter the work force or housing market; and how they are burdened with student loan debt.  

 

 

 Property Assessed Clean Energy (PACE) Loan Update

OBAMA ADMINISTRATION TO PROVIDE GUIDANCE FOR FINANCING RENEWABLE ENERGY UPGRADES IN SINGLE FAMILY HOMES | FHA to Incorporate DOE Home Energy Score Program 

141676801-president-barack-obama-speaks-at-sempra-u-s-gas-powersWASHINGTON – As part of the White House’s National Clean Energy Summit, the Obama Administration and the Federal Housing Administration (FHA) announced its intent to issue a set of guidelines supporting borrowers seeking to make energy efficient improvements to their homes.

In today’s announcement, FHA expressed the intent to allow borrowers to use Single Family FHA financing for properties with existing Property Assessed Clean Energy (PACE) loans that meet certain conditions. 

 

Green Tip of the Month

Sustainability Tips by Native, Inc., High-Performance Texas Builder & Solar Equipment Installer

The key to reducing your carbon footprint is to limit your energy use. That said, any behavior
that conserves resources—recycling is one example—will reduce greenhouse gas pollution.

Here are some practical ways to cut your greenhouse gas emissions

 

Book Cover

Green Energy Money: Financial Solutions to Power a Sustainable Future, is a guide to help building owners make key decisions about funding an investment in energy upgrades. It contains much of the necessary information to put the power of the marketplace behind sustainable green energy practices.

Copyright © Green Energy Money, Inc. All rights reserved.

Equal opportunity lender This is not an advertisement to extend consumer credit as defined in Regulation Z 226.2.  All loans are subject to credit and property approval. Programs, rates, terms and conditions are subject to change without notice. Weststar Pacific Mortgage,  NMLS #243155, 7200 N. Mopac Expwy., Suite 165, Austin, TX 78731  (512) 343-2345

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