E46Fanatics - View Single Post - Loans For Big Projects (e.g. Detached Garage)
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Old 09-27-2012, 01:52 PM   #9
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Join Date: Aug 2004
Location: El Dorado Hills, CA
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Originally Posted by shwagon View Post
The only debt I have is my house, I doubt I could qualify for a Equity line as I have only lived in it for a year. I may need to do a little more research on HELOC's.
Talk to a mortgage broker (maybe even hit up Griffin on the forum). I wonder if you might be able to swing a loan even if you have only owned the place for a while on the basis that the detached garage would raise the value of the property. I'm certainly no expert, though.

Good luck! I'd love to build a second garage/shop on our property.
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