Energy Efficient Mortgage?

Energy efficient mortgage (EEM) is a mortgage product that takes into account the expected monthly utility expenditures of the home, which if the home is more energy efficient, is reduced risk in the eyes of the mortgage lenders. An Energy Efficient Mortgage (EEM) can be used by borrowers to purchase or refinance a home that is already energy efficient, such as an ENERGY STAR certified home, or to finance energy efficient improvements to an existing home.