Want to Rent Your Vacation Home? Beware These Lender Rules

Primary Residence Loans These loans are the most favorable, and you’ll get the lowest possible mortgage rates. These loans require you to move into the home within 60 days of closing and live in it for at least one year. After that, you’re free to rent out the home.   Second-Home Loans These loans h

Drawbacks of Renting a House

Thinking about renting a home? Consider the drawbacks of renting.For some, renting is the best option based on their current situation. But if you're ready to make the leap to homeownership, here are a few reasons why renting may not be the best long-term choice.   1. Lack of financial incentives -