Yes, my understanding is that it will be treated as investment property, so the rate will be 1 - 2% higher than if you were living in the house.
Yes renting a home is just like renting an apartment although it may be more expensive as homes normally consist of more rooms whereas an apartment is normally limited to 1 or 2 bedrooms a home can have many bedrooms.
It is possible that you have to be occupying the house to be covered by insurance. They see it as unprotected by the owner and anything could happen to it. I cant possibly be the first person to try and insure a property Im not occupying. Homeowners insurance covers your home, and a house you are renting to someone else is not your home. It can be insured, but you need a different policy.
Renting to own items, or even a home, make a huge profit for the renting conpany. This means that you are paying far more for them than if you purchased them outright.
No. You don't own anything that has equity to borrow from.
Homeowners can make a profit on the sale of their home.
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No, it is not always possible to refinance a mortgage. Factors such as credit score, home equity, and current interest rates can affect eligibility for refinancing.
There are many places a person can go to refinance a home mortgage if they have bad credit. Bad Credit OK and Quicken Loans are two websites a person can use to help refinance their home mortgage.
Yes, it is possible to refinance a mortgage within 6 months of purchasing a home, but it may be challenging to find a lender willing to do so due to the short timeframe.
You can do either, but some credit sources place limitations on the minimum amounts / minimum percentages that they will loan.
Yes, it is possible to refinance a home with bad credit or no credit at all. However, it isn't that easy and interest rates are often quite a bit higher than they are for those with great credit.
To refinance your home without equity, you can explore options such as a cash-out refinance, a home equity loan, or a government-backed program like the FHA Streamline Refinance. These options may allow you to refinance your mortgage even if you don't have significant equity in your home.
Yes, itis possible to refinance your car if your financial situation requires it. If you were to refinance your existing car loan you can substantially lower your monthly payments.
Mortgage refinancing can be done more then once. When looking to refinance your home loan make sure the closing costs don't offset the possible saving of the lower interest rate offered.
No, it is not possible to refinance a Parent PLUS loan in a student's name.
When looking to find information about equity home loan refinance mortgages it may be possible to find the ideal mortgage refinance package to suit the required customer needs by visiting such websites as Age Partnership, the Money Supermarket comparison site.
It may be possible to refinance your home if you do not have equity. I have done many of these loans. There are currently programs for both Freddie Mac and Fannie Mae that will allow you to refinance even if there is not equity. There are Loan to Value limits, but they are well over 100%.