Im literally in the final stages of closing on the loan and my rate would jump from %3.75 to %4.12.None of what she mentioned made much sense and later on in the day I reached out to another lender who said he's never heard of this fee in the first place Which I also found odd.

If not, why not use a rehab. loan?

What was the breakdown of materials & labor?

Has anyone else, in a similar situation, had any luck getting a HELOC or Equity loan on a property with an ADU and JADU?

Any reason not mentioning DSCR Loans? 

DSCR loans?

You can also meet other industry professionals like loan officers and real estate agents that can give you market specific real-world advice.

While I don’t loan my Time Machine out to anyone for obvious reasons, I thought I could solve future problems.

Hi Oli,House-hacking is one of the best ways to get started if you can qualify for the loans.

Consider the potential equity loss and cost to originate another loan versus your REI goals.