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This page last updated on 05 August 2010;
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Financing: Home Equity Line of Credit (HELOC)
Home equity loans have long been a favorite for those interested in building garages, shops or even additions onto their existing home or property. The reason for this is because the costs involved to secure a Home Equity Loan are less (in some cases the costs are zero). The interest rates are also lower and they happen faster and are easier to get than other types of loans. If they have enough room on their property, they can use an equity loan to build a Granny Unit for family members or even rent it out as a way to generate income.
Building costs and interest rates are probably as low as they are going to be for
a long time. If you would like to find out if this is a good choice for you please
call Ken at PMHI: (800) 395-
Custom Granny Unit by California Pre-