YOUR INVITED TO A FREE PRESENTATION & DINNER
AN AFFORDABLE SOLUTION FOR SENIOR LIVING
AUXILIARY DWELLING UNITS & TANDEM HOUSES
October 18th @ 5:30pm
Arvada Library (7525 W 57th)
A backyard ADU or Tandem House can offer an affordable, seamless space for additional family members or Seniors to age-in-place and enjoy the comforts of familiar surroundings. This at-home living option dramatically improves and raises the quality of life of family members who may want to stay at home and live close to family members.
WHAT IS AN ADU?
Watch this short video
WHY BUILD AN ADU OR TANDEM HOUSE?
- Downsize and live in place (rent the home, live in the ADU)
- Granny Flat
- In-law apartment
- Backyard cottage
- Home office/studio
- Guest residence
FOR ADDITIONAL INFORMATION ON ADUs OR TANDEM HOUSES CALL (303) 618-1790
Financing an ADU or Tandem house isn't straightforward. Most banks don't yet have options for homeowners looking for the predictability of a 30-year fixed-year loan for their second unit.
Finding the right financing and getting approvals could require significant time and effort, so it is important to partner early with a bank, mortgage company or private lender to navigate financial risks.
Bingo Can Help With Financing Your ADU
A Reverse Mortgage Could Be Your Ace In The Hole
- Never make a mortgage payment again
- Consolidate high-interest credit cards
- Cover rising costs at the pump and grocery store
- Fund long-term care or medical expenses
- Cash for emergency expenses
- Pay for home improvements
- Build an ADU or Tandem House
- Or use the cash however you'd like
October 18th @ 5:30pm
Arvada Library (7525 W 57th)
IF QUALIFIED BINGO COULD OFFER YOU A
HomeSafe is a second loan that compliments your existing mortgage, unlocking a piece of your stored equity without the burden of an increase in the monthly payment or the need to refinance.
Finding the right financing and getting approvals could require significant time and effort, so it is important to partner early with a bank, mortgage company or private lender to navigate financial risks.
FOR MORE INFO ON FINANCING OPTIONS CALL 720-541-5545 or email holly@bingorm.com
If you qualify and your loan is approved, a HECM loan must pay off your existing mortgage(s). With a HECM, no monthly mortgage payment is required. Borrowers are responsible for paying property taxes and homeowner’s insurance (which may be substantial). We do not establish an escrow account for disbursements of these payments. Borrowers must also occupy home as primary residence and pay for ongoing maintenance; otherwise the loan becomes due and payable. The loan must be paid off when the last borrower, or eligible nonborrowing surviving spouse, dies, sells the home, permanently moves out, or does not comply with the loan terms. A HECM increases the principal mortgage loan amount and decreases home equity (it is a negative amortization loan). These materials are not from HUD or FHA and were not approved by HUD or a government agency.
