« »
September 27th, 2021

Mortgage Agreement To Rent

“If you find yourself in a situation where you`re not able to make timely payments for your mortgage, you may want to consider renting out your home for a period of time,” Samantha Reeves, a chief analyst for United Home Loans veterans. “This can be a good option if there are two factors: your home would rent for or more than your mortgage and you could find affordable housing.” There are many reasons why you want to accept the rental, and your lender should help you take advantage of the rental under the right circumstances. For example, under these conditions, lenders may consider granting a “Consent To Let” or “Permission To Let” after a certain period of time. This essentially means that the lender agrees to the owner renting the property for a set period of time, usually until the end of a loyalty period.

Comments are closed.