We've outlined "green" location decisions in our previous blog which can be viewed here: Ways to Save $$$ with Location Decisions
Once you have chosen a location and narrowed down your housing choices to *the* one, you have to think about financing options. Lucky for you, most financial institutions offer "green" mortgages. Making eco-friendly decisions will save the environment and some money while you're at it.
 Bank of Montreal Eco Smart Mortgage
This is a five-year fixed closed mortgage that rewards you for planning to purchase or already owning a home with energy efficient features. Members are qualified for a great rate when they apply under a BMO representative. This mortgage features prepayment options that will allow you to pay down your mortgage faster and reduce your interest costs. Have peace of mind in knowing that your mortgage rate will not rise during the term.
For additional information, check out the BMO Eco Smart Mortgage.
 RBC Energy Saver Mortgage
If eligible, you could receive a $300 rebate on a home energy audit. What exactly is a home energy audit? It is a report assessing your home's major heating and cooling systems. A licensed professional will be able to make recommendations as to how you can improve your home's energy efficiency and lower your energy costs.
For more details on energy and money saving tips, visit RBC's Energy Saver Mortgage.
 Vancity's Bright Ideas Home Renovations
Making energy-efficient renovations has its advantages, both economically and environmentally. With these renovations, you can increase your home's re-sale value by having an energy efficiency rating which informs buyers that your home is more energy efficient. You will also be able to improve the efficiency of your home in the short and long-term. These renovations translate into cost-savings by offering you a personal loan at prime + 1% rate for up to ten years. Mortgage rates are low and the payment options are flexible!
More details can be found here: Vancity's Bright Ideas Home Renovations
 Pay-as-you-Save (PAYS) Financing Model
Innovative programs are being launched to help home owners and businesses leverage home renovations for energy efficient improvements. This financing model spreads out the cost of the renovations over a substantial period of time in which the energy savings from said renovations will help pay for the financial loan through BC Hydro or FortisBC.
Further details can be found here: PAYS Financing Model
Contact us today if you have any questions and we'll be more than happy to assist you in any way possible. E-mail us at firstname.lastname@example.org or give us a ring at 604-801-6654.