@picazo144: 🏡 Your backyard could become more than extra space it could be an opportunity for rental income. Thinking about adding an ADU but wondering how to pay for construction? If you have available equity, a HELOC or second mortgage may help fund your project while keeping your existing first mortgage in place. ✅ HELOC: Access funds as needed during the draw period, subject to your credit limit and loan terms. Rates are typically variable. ✅ Home equity loan: Receive a lump sum, often with a fixed rate and scheduled payments. Once completed and approved for occupancy, your ADU could provide rental income. Before moving forward, compare construction costs, added loan payments, property expenses, and realistic rental estimates. 💡 Always talk to your loan officer about your financing options, and confirm permits and rental requirements with your local building department. 📩 Message me “ADU” to explore your options. 🌐 yuripicazo.com Yuri Picazo | Loan Officer NMLS #645946 The Mortgage Professionals Inc. | NMLS #2302276 Subject to credit approval, available equity, and program guidelines. Your home secures the financing; failure to repay could result in foreclosure. Rental income is not guaranteed. Equal Housing Opportunity. #ADU #ADUFinancing #HELOC

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2026-11-10 06:12:34

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