When searching for a new home, you’ve probably come across some great places just slightly out of your budget. If this is the case, and you really want the place, you could try negotiating your rental agreement to get precisely what you want. Many landlords will be open to adjusting rent in exchange for other …
Negotiating Your Rental Agreement: Tips for Saving Money Read More »
Q: I carried a mortgage on a property I rented out and I would like to report rent payments to the credit reporting agency. How can I do this? A: Thanks for reaching out and for your question about reporting a mortgage to a credit bureau. In order to do this, an organization (or potentially, …
Here’s How to Report Rent Payments to the Credit Bureaus Read More »
Before the market downturn, banks would readily extend loans and lines of credit on rental real estate. Lenders typically stipulated that those properties could have no more than an 80% loan-to-value ratio. In the current market and amid the credit crunch, however, it’s very difficult (if not impossible) to find such a lender for three …
Will Lenders Approve a Home Equity Loan on a Rental Property? Read More »
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