Texas home..is it legal to rent mortgaed home

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is it legal to rent mortgaed home in texas..vacant for over year..only home I own

larry · Joined: 27 Jun 2007 Posts: 2598 349.39 Dollars($)

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 · Posted: Sun Sep 16, 2007 9:18 pm Post subject:

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.

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