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

Looking to change the home buying process for the better, the Humes Team is here for all of your mortgage needs. No loan is too big or too small. We believe one should treat others as expected to be treated. We pride ourselves in honesty paired with communication to deliver A1 service with great results.

Meet the team

About Movement Mortgage

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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