What Is An In-Law Suite Loan?
In-Law Suites aren’t just for the in-laws anymore! They can be a great opportunity to earn extra income from your home by renting them out. You can rent them easily because of their separate kitchen and bathroom. You can also use them for visiting guests or for a family member needing extra care. But the appraisal process can be challenging. Many lenders won’t approve your loan if the appraiser can’t find multiple nearby homes with In-Law Suites. But what isn’t possible with some lenders may be possible with us so don’t give up! Buying or refinancing the home of your dreams with an In-Law Suite may still be possible with HomePromise.
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