Tuesday, April 3, 2012
Monday, April 2, 2012
Rental Properties
When applying for a new mortgage loan, what does the lender
need from you when you have rental properties?
It is common for mortgage companies to require a copy of
your current rental agreement.
They may also ask for a payment ledger from a property management
company if it is maintained by a third party.
If you are moving from you current residence that will
become a rental property, the mortgage company may require extra documentation
that includes rental agreement, copies of first rent check and security
deposit, and proof of deposit into your account. Again, if it is managed by a property management company,
they may require documentation from the management company that it has been
received.
Contact me today for more information!
Danielle Hifko
New American Mortgage
90-581-6398
Subscribe to:
Posts (Atom)