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In The Newspapers

How to re-finance a rent house

By Marcie Geffner • Bankrate.com

Want to buy a new home and rent out your old house? You could face a glitch.

It might be hard to refinance a house that you’re renting out, because “things change when you’re no longer dealing with a primary residence,” warns Ben Chenault Jr., regional manager at MortgageBanc/Fairway Independent Mortgage in Birmingham, Alabama.

“A lot of people want to jump on the great deals, but they still

How to refinance a house you’re renting out

By Marcie Geffner • Bankrate.com

Buying a home is an attractive proposition in these days of low mortgage interest rates. But if you want to buy a new home, while renting out the old house, you could face a glitch.

It might be hard to refinance a house that you’re renting out, because “things change when you’re no longer dealing with a primary residence,” warns Ben Chenault Jr., regional manager at MortgageBanc/Fairway