acceleration clause: Are you really helping your Clients that want to rent their property?
- 11/15/09 03:03 AM
Many homeowners are looking to renting their current property in order to make a move. We must all keep in mind that this may not be as simple as it seems. Our Clients need to be informed of the potential risks involved. Most homeowners carry a mortgage that is intended for their primary residence. In most cases, one cannot simply rent their property. Lenders take mortgages based many factors. One of which is the fact that the secured property will be the primary residence and the borrower will live there. If a buyer intends to rent or lease property which they … (3 comments)
Many homeowners are looking to renting their current property in order to make a move. We must all keep in mind that this may not be as simple as it seems. Our Clients need to be informed of the potential risks involved. Most homeowners carry a mortgage that is intended for their primary residence. In most cases, one cannot simply rent their property. Lenders take mortgages based many factors. One of which is the fact that the secured property will be the primary residence and the borrower will live there. If a buyer intends to rent or lease property which they … (3 comments)
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