Airbnb Rentals Make Mortgage Refinancing Easier – Brite Homes Florida

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Airbnb and Fannie Mae this month announced that three major lenders would recognize income through Airbnb as part of a homeowner’s mortgage refinancing application. Airbnb income can now be used.

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"We are proud to be working with Airbnb and Fannie Mae to make it easier for Airbnb hosts to reinvest in their most important economic asset, their home. Better can now digitally underwrite airbnb income and offer hosts better home financing options than previously possible," Better Mortgage CEO Vishal Garg says.

How Long Can You Stay in Your Home After You Stop Paying the Mortgage? Paying off a 30-year fixed-rate mortgage early can save. make money from the unused space in your home. You can rent rooms or your entire house to students or vacationers through sites like Airbnb.

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Using your house as an ATM just got a little easier. In partnership with lenders Quicken Loans, Citizens Bank, and Better Mortgage, homeowners can now count income from renting their properties on Airbnb when refinancing a mortgage. The initiative also has government backing, as Fannie Mae, the mortgage facilitator that’s still under government conservatorship, is also part of the venture.

Income from your Airbnb rental may soon help you refinance the mortgage on your primary home. A new initiative from Airbnb with Fannie Mae and three major financial institutions will let some.