Jack and Judy’s Next Big Move
Jack and Judy purchased their first house before the birth of their first son. Over the years, they have settled the mortgage loan for this 2-bedroom apartment and while their second child is on its way, they are planning to move to a more spacious home.
Since the market is not doing well, the property they liked is available at a beneficial rate, but at the same time, the deal for their existing home isn’t giving good returns. When they discussed the situation with their mortgage broker – Mr. Harris, he suggested Jack and Judy rent out the existing property to ease the mortgage loan process for the new house.
At Mares Mortgage, we’re providing easy options to refinance your home. Here’s everything you need to know about renting out your house to buy another.
