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Updated almost 4 years ago on . Most recent reply

Alexandru Nedelcu's profile image
Alexandru Nedelcu's profile image
Alexandru Nedelcu
  • Member since Dec 27, 2020
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Alexandru Nedelcu's profile image
Alexandru Nedelcu's profile image
Alexandru Nedelcu
  • Member since Dec 27, 2020
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Alexandru Nedelcu
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Land & New Construction

How do I fund DADU while keeping the current mortgage?

Alexandru Nedelcu
Posted

I'd like to use a construction loan, or have a second mortgage for a backyard cottage (DADU) but my current loan has a very good rate, and I wouldn't want to lose it. I only have 5% equity on my current home. I have the stocks covering more than the new cottage, but I'd rather get a loan.

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