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September 2022

22 Sep

Introduction An accessory dwelling unit (ADU) is a house connected to a primary residence, but does not have a complete kitchen and bathroom facilities. It can be built on any land, but most people choose to build it on their own land or in an existing building. The average cost of building an ADU has increased over the years due to rising construction costs and stricter zoning laws that require new buildings meet stricter codes than those used for single-family homes. We can connect you with our ADU partners who can help you get the best estimate. What is an Accessory Dwelling Unit? An ADU (Accessory Dwelling Unit) is a second apartment unit on the property that can be used for rental income or for personal use. You may have an existing structure on your property and want to add an ADU in its place. The term “accessory” means “furnishing additional space; auxiliary.” In this sense, an...

08 Sep

Introduction If you’re looking to buy a home, you probably have your eye on something that you think will make your life easier. Maybe it’s a three-bedroom apartment in the city or an open-concept two-bedroom house in the suburbs. Whatever it is, though, if there’s one thing, we all want from our homes it’s affordability—and the best way to achieve that is with an adjustable-rate mortgage (ARM). It sounds complicated but they’re pretty simple. Here's everything you need to know about this type of loan: Adjustable rate mortgage An adjustable-rate mortgage (ARM) is a type of loan that allows borrowers to make payments based on the index, which changes over time. When an ARM was first introduced, it allowed homeowners to lock in their interest rate for up to 15 years. Today, ARMs come in many different forms and can have terms as long as 30 years or longer. The most common types of ARMs are: ...

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