Ancillary Suite Loan Advantages
What is an Ancillary Suite?
Homeowners often look for homes with an extra living area. Sometimes these are called Ancillary Suites. These are desirable to give visiting family a separate living area or they can be used to earn rental income. But some lenders struggle with these types of loans. They don’t want to extend a loan for a home with an Ancillary Suite because they think it will be hard to sell in the case of a foreclosure. Plus, it is often hard to appraise homes with Ancillary Suites, and that sometimes leads to a denial of your loan by lenders.
HomePromise has approved Ancillary Suite Loans, so give us a call today to see if you qualify!
“I just want to thank you very much for your work to help us refinance our loans. I know you had to do so much work for us and we really appreciate it. If I know anyone who wants to buy a home or refinance I will do my best to refer you to them. Again, thank you very much.”
“My mother recently had a refinance with HomePromise. The process was easy for her (and I) to follow. The loan representative, Chris Gaus was very helpful and responsive for the entire process and explained everything. I would definitely recommend this company.”