Question Details

lisa.frasier, Home Buyer in Greenville, SC

If u have a remodification loan can u rent or sell your house. And if so can u rent for more than your mortgage payment

Asked by lisa.frasier, Greenville, SC Thu Aug 30, 2012

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In my area, about 75% of the properties are rentals and about 20% are going through the same process you are. Rent that baby! The mortgage company is not concerned with your rental proceeds.
0 votes Thank Flag Link Thu Aug 30, 2012
Hi Lisa,

Of course, you can sell or rent your house for the market value. As long as you pay on time your mortgage payments, the bank won't have any issues with that.

Sincerely,

Maria Cipollone
Century 21
0 votes Thank Flag Link Thu Aug 30, 2012
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