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Should I Rent My House Instead of Selling It? | Keeping Current Matters

October 14, 2014 by Admin
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A recent study has concluded that 39% of buyers prefer to rent out their last residence rather than sell it when purchasing their next home.

The study cites that many homeowners were able to refinance and “locked in a very low mortgage rate in recent years. That low rate, combined with a strong rental market, means they can charge more in rent than they pay in mortgage each month… so they are going for it.”

This logic makes sense in some cases. Residential real estate is a great investment right now.

However, if you have no desire to actually become an educated investor in this sector, you may be headed for more trouble than you were looking for. Are you ready to be a landlord?

Before renting your home, you should answer the following questions to make sure this is the right course of action for you and your family.

via Should I Rent My House Instead of Selling It? | Keeping Current Matters.

 
 

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VA Purchase
30 Year Fixed

As of: September 17, 2018

4.750%
RATE
4.923%
APR

Rate/Term Refinance
30 Year Fixed

As of: September 17, 2018

4.750%
RATE
4.792%
APR

Rate/Term Refinance
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4.125%
RATE
4.195%
APR

Cash Out Refinance
30 Year Fixed

As of: September 17, 2018

5.125%
RATE
5.207%
APR

FHA Purchase
30 Year Fixed

As of: September 17, 2018

4.750%
RATE
5.498%
APR
 
 
 

 

 

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Aaron Blackburn

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