Tag: departure residence

Required Length of Lease on a Departing Residence Rental

Question: When a client is converting his departure residence into a rental and using income to help offset the existing mortgage, can he provide a 6-month lease, or must it be a 12-month lease?  Updated – Rental Income Chart – All Agency Comparison All Agency Answers: Fannie Mae & Freddie Mac Answer: Fannie Mae doesn’t […]

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