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Texas home..is it legal to rent mortgaed home

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Angel Guest	Posted: Sun Sep 16, 2007 2:53 pm    Post subject: Texas home..is it legal to rent mortgaed home Like 0 Dislike 0 is it legal to rent mortgaed home in texas..vacant for over year..only home I own
larry Joined: 27 Jun 2007 Posts: 3322 474.67 Dollars($)	Posted: Sun Sep 16, 2007 8:22 pm    Post subject: Like 0 Dislike 0 Hi Angel, Welcome to the forum. In Texas, it is absolutely legal to rent a home with mortgage on it. In case of renting, you will have to pay off the mortgage with the rent amount that you will be receiving every month.
livinginnky Moderator Joined: 08 Sep 2007 Posts: 631 29.96 Dollars($)	Posted: Sun Sep 16, 2007 9:18 pm    Post subject: Like 0 Dislike 0 Not only are you allowed to rent it, most lenders would actually prefer it. Nothing is worse to a lender than a vacant house. When an investor with multiple homes tries to purchase a home the lenders ask for all of their existing leases and rental agreements and use this information to qualify along with their credit and everything else. _________________ Eric Matthews Mortgage Refinance and Home Loan Guide

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