Question: A network news show recently featured a segment on energy-efficient mortgages. They seem like a great idea..How can I get one?

Answer: Actually, these mortgages fall into the category of "best-kept secrets." They've been around since the Energy Policy Act of 1982 created them as part of the Federal National Mortgage Association (popularly known as Fannie Mae) and the Federal Housing Administration/Veterans Administration. Most mortgages are finance through one of these programs, so they are readily available.

The tremendous increase in housing' prices in the past few years, coupled with increasing energy costs; has stimulated a surge of interest in the mortgages. I'm convinced the only reason they aren't more popular is that people just don't seem to know about them.' .

The theory behind them is very simple. If you can lower your monthly energy costs, then you have extra money that can be put toward the home mortgage. This means you can afford - and qualify for a mortgage on - a higher-priced home based on your current financial situation. Here's an example of how they work. You're 'considering buying one of two homes. The first one is a standard home meeting the minimum required energy code in your area. Let's say the second one costs $5,000 more but has a number of energy-efficiency features. When .you look at the true costs of each home - the purchase price plus the monthly operating costs - the more expensive house to buy is actually the one that is cheaper to own.

The secret behind all this is that most mortgage programs require a detailed home energy ratihng perfrormed by a certified rater. This rating shows the estimated monthly energy costs of the home, clearily showing how much that particular home will cost to operate every month. The mortgage company takes this into account and can help you qualify for a bigger mortgage because you will have extra savings each month on the lower energy bills.

There are lots of great Web sites explaining these programs including www.pueblo.gsa.gov/-text/housmg/energy-mort/energy-mortgage.htm and natresnet.org/ratings/defaut.htm. If your in the market for a mortgage for you next home, be sure to ask about an energy-efficient mortgage.