Wednesday, July 14, 2010

Phase 2

We've been house hunting for nearly a year now, made offers on 5 houses, and we have been consistently out bid $15-25k.

Over the weekend it was brought to our attention that if we rented out our current house and showed the rent as income we could qualify for a larger home loan.

We spoke with our loan officer and he said absolutely. Soooooooooooooo

We're Moving!

Phase 2 of our house hunting experience will be moving into a rental home ourselves so we can rent out our house and ultimately qualify for a larger home loan.

A former partner at Aaron's firm owns a home in Elk Grove approximately 6 minutes from our current residence. We asked if he needs tenants and the answer was yes.

Once we are settled I'll update everyone with our new address, etc.

We are very excited for this opportunity and grateful to Jim for his willingness to let us rent his house.

No comments:

Post a Comment