Bill you make a great argument regarding mortgage qualifying formula! Yes, this is an excellent idea. This would definitely help the housing industry, bring in new home buyers. I don't agree with the Cap and Trade idea, but if it passes, this would really work! Retrofitting existing homes in order to sell, will also create a new industry. Depending on how serious this administration is about carbon emissions, and energy conservation, will decide this adjustment of the mortgage incentives. This is a serious idea that needs lobbyist to push this through. If you are planning to lobby, good luck to you! Excellent creative idea!

This is a great idea but I think it is not the right time to make such projects because the houing market is still weathering up. This will add to the high number of toxic mortgage properties because as people likes to be always on the trend.

We have always subsidized inefficiency rather than efficiency. The true cost of owning a house is not just the mortgage payment. Energy use is a major monthly expense directly related to the house being mortgaged. It is time that the market demand, rather than the govermnent require, more energy efficient,sustainably built,and healthful homes. If the true value of green building as well as the true cost of ownership was built-in to the lending proccess the market would naturally demand the lowest cost highest value product because it would be easier to qualify for a loan.

Lenders, such as banks and credit card companies, use credit scores to evaluate the potential risk posed by lending money to consumers and to mitigate losses due to bad debt. Lenders use credit scores to determine who qualifies for a loan, at what interest rate, and what credit limits.Contrary to what you may have been told, perfect credit and large money down aren't always necessary for an affordable mortgage. Numerous sources are available so that you can educate yourself enough for making sound decisions. This article presents some interesting aspects of mortgage lending that you have to know before you decide to get started.

It's best to do more than prequalify for a loan: You should also try to be preapproved for a specific loan amount. This means a lender has already indicated a willingness to approve you loan based on having checked your credit and evaluated your financial situation, so speaking about mortgages, unfortunately no loans for bad credit exists, rather than simply relied on your own statements. Preapproval isn't an all-out guarantee that the lender would actually fund the loan, but it's as close as you're going to get to one, and your home seller will want to see it. The lender will make actual loan approval conditional on an appraisal of the property, a title report, and other conditions.