Adding MIL suite to our existing house
Hi all... I'm not exactly sure what type of loan we would need to look into for this situation. My mom is thinking of selling her house and downsizing. She's only there what turns out to be 1/2 the year anyway do to traveling and visiting relatives across and out of state.
Please, no opinions about having parents live with you... I'm not questioning the lifestyle change about that (we're well aware and that is a whole different thread :)
Is it possible for her to sell her house, move in w/us, then have HER take out the construction loan for the addition? Or because it would be connected to our house, are we the ones that need to do it because it's our name on the mortgage? We understand we'd have to get permits, building code checks, etc... we just really (at this point) only need to know if there's a loan out there to do something like that in her name on our house.