Salt Lake City Residents, Turn your Current Home into a Cash Flow Machine!

Wednesday October 17, 2018 by The Mettle Group

How would you like to reduce your housing overhead & increase the value of your home?

Salt Lake City Council just approved a city ordinance allowing mother-in-law accessory units.  Imagine turning your current home into a cash flow machine, helping you reduce your overall housing costs, or by building an accessory unit a family member could occupy.

If this is appealing to you, the immediate challenge you may think of is how to finance the accessory unit.  We have the perfect solution, which is a thirty year fixed rate mortgage that allows you to completely remodel or rebuild your home.  We call it the Existing Home Construction Loan and it is available to residents of Salt Lake City.

This loan program allows you to pay off any existing home loans, and fully finance the construction of the accessory unit and/or remodel your existing home at the same time.  Unlike home equity lines of credit, the Existing Home Construction Loan is a fixed interest rate and we lend up to ninety five percent of the after construction home value.  That’s right, we lend based on your home’s value AFTER you complete the construction (as determined by a subject to completion appraisal).

Existing Home Construction Loan – Transform Any Home Into Your Dream Home!

  • Primary residence, second home or investment properties ok
  • Loan amount based on after improved value not current value
  • Loan amounts up to $2M
  • We work with your contractor to design and finance the home of your dreams

If you have any questions, we would love to hear from you and invite you to call us at 385-355-2130

or fill out your FREE no-obligation consultation at


This entry was posted in Existing Home Construction, Real Estate.
Copyright©2017 Fairway Independent Mortgage Corporation. NMLS#2289. 4801 S. Biltmore Lane, Madison, WI 53718, 1-877-699-0353. All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates, and programs are subject to change without prior notice. All products are subject to credit and property approval. Not all products are available in all states or for all dollar amounts. Other restrictions and limitations may apply. Fairway is not affiliated with any government agencies. Fairway is required to disclose the following license information. Alaska Mortgage Lender License No. AK2289; Arizona Mortgage Banker License No. 0904162; CA: Licensed by the Department of Business Oversight under the Consumer Finance Lenders Law; Loans made or arranged pursuant to a California Finance Lenders Law License #262571; Illinois Residential Mortgage Licensee No. MB. 0005475; Kansas Licensed Mortgage Company. KS License #MC.0001375; MA Mortgage Broker and Lender License #MC2289"; Minnesota: MN-MO- MN-MO-20183136. This is not an offer to enter into an agreement. Any such offer may only be made in accordance with the requirements of Minn. Stat. Section 47.206 (3) and (4); Mississippi Licensed Mortgage Company; Licensed by the New Hampshire Banking Department Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker-NYS Department of Financial Services; OH MBA License #2289; Oregon Mortgage Lender License ML-3791; Rhode Island Licensed Broker & Lender; VA: NMLS ID # 2289; Washington Consumer Loan Company License No. CL-2289.
As seen on