Mortgage Sense

How to buy a second home and rent the first

How to buy a second home and rent the first

As a homeowner, when you decide it’s time to move on — maybe you’re relocating, moving your growing family to a bigger house, or looking to downsize — you don’t always need to sell your current home in the process. Sometimes, buying a second home while renting out the first also makes sense.

Not only is it a great way to generate new income, there are plenty of other advantages. Let’s walk through the benefits of investing rather than selling, the implications of applying for a new mortgage when you’re already paying off another, and what goes into converting your first home to a rental property.

Continue reading How to buy a second home and rent the first at Movement Mortgage Blog.

About the authors

Our team is truly passionate about a career that allows us to connect with people every day. We want to build a legacy that is grounded in a genuine desire to build long lasting relationships based on trust. We have the privilege of helping people with one of the biggest financial decisions they will ever make, and we do not take that lightly. Our goal is to provide a level of service that is unparalleled and an overall experience that is remembered for years to come.

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Movement has grown from a small team of 4 to over 4,000 employees with more than 500 locations across 46 states. Inc. Magazine recognized Movement Mortgage as the fastest-growing mortgage bank in the country.

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