Mortgage insurers have statistical evidence that people who buy homes with energy-saving components present a lower risk of default, and Genworth Mortgage Insurance is determined to reward those homeowners by incorporating that knowledge into its underwriting procedures, syndicated housing columnist Ken Harney reports.
Genworth already offers Canadian buyers a 10 percent “energy-efficient refund” on their premiums, and more leeway on debt-to-income ratio calculations used in underwriting.
On a $300,000 mortgage with a 5 percent down payment, Canadian homeowners can qualify for an $825 refund, and have savings on heating bills factored into debt service ratios. Source: courant.com.
– See more at: http://www.inman.com/wire/genworth-mortgage-insurance-will-offer-discounts-to-owners-of-green-homes/#sthash.6DOcnD4E.dpuf
Just back out of hospital in early March for home recovery. Therapist coming today.
Sales fell 5.9% from September and 28.4% from one year ago.
Housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in…
OneKey MLS reported a regional closed median sale price of $585,000, representing a 2.50% decrease…
The prices of building materials decreased 0.2% in October
Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.
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