Inheriting a Home? If you inherited a home with a reverse mortgage or any other debt tied to it, did you know that you can refinance the home and pay off the existing debt? You may also be able to take advantage of renovation financing options that are rolled into the same loan in order to fix up the place.  If you have questions, let’s talk about your situation!
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Inheriting a Home? If you inherited a home with a reverse mortgage or any other debt tied to it, did you know that you can refinance the home and pay off the existing debt? You may also be able to take advantage of renovation financing options that are rolled into the same loan in order to fix up the place.  If you have questions, let’s talk about your situation!

ByBrandon Butler

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What is an Accessory Dwelling Unit? It is a separate living space with its own entrance and exit, that is often used as additional living space.  Some property owners rent out the space, others use it as private living space for guests, older children, disabled adults, parents, or others. The financing for a home like this is the same as a single dwelling.  If this sounds interesting, comment below and I’ll send you a fact sheet!
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What is an Accessory Dwelling Unit? It is a separate living space with its own entrance and exit, that is often used as additional living space.  Some property owners rent out the space, others use it as private living space for guests, older children, disabled adults, parents, or others. The financing for a home like this is the same as a single dwelling.  If this sounds interesting, comment below and I’ll send you a fact sheet!

ByBrandon Butler

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Assuming a Lower Rate Mortgage? It may seem like a great idea to assume a low-rate mortgage and then get a Home Equity loan to cover the cost of any repairs you would like to make. Depending on what you would like to do, it may make more financial sense to refinance to pull out that equity.  HELOCs typically float with the market.  If rates go up, they can get really expensive fast!  Let’s do the numbers on your situation to see what makes sense for you!
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Assuming a Lower Rate Mortgage? It may seem like a great idea to assume a low-rate mortgage and then get a Home Equity loan to cover the cost of any repairs you would like to make. Depending on what you would like to do, it may make more financial sense to refinance to pull out that equity.  HELOCs typically float with the market.  If rates go up, they can get really expensive fast!  Let’s do the numbers on your situation to see what makes sense for you!

ByBrandon Butler

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Shorten Your Commute Time! Did you know you can finance a residential home that includes a business? These types of properties are referred to as “mixed-use” properties because they have residential living space and a business such as a day-care facility, beauty/barber shop, or doctor’s office.  And the best news is that there are no separate down payment requirements between these types of homes and non-business residences.  If this sound like something you are trying to finance, let’s talk first!
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Shorten Your Commute Time! Did you know you can finance a residential home that includes a business? These types of properties are referred to as “mixed-use” properties because they have residential living space and a business such as a day-care facility, beauty/barber shop, or doctor’s office.  And the best news is that there are no separate down payment requirements between these types of homes and non-business residences.  If this sound like something you are trying to finance, let’s talk first!

ByBrandon Butler

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.