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Airbnb Rentals Make Mortgage Refinancing Easier – Brite Homes Florida

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Fannie Mae is starting to allow lenders to let Airbnb hosts use rental income to refinance their home mortgage loans. Before this recent change, big banks and other lenders would often hold a customer seeking a mortgage refinance to more stringent requirements if part of their income came from renting out their home.

Airbnb supplies its hosts with a Proof of Income statement that hosts can now include when applying with Quicken Loans, Citizens Bank, and Better Mortgage to refinance an existing mortgage..

It’s the age of the "gig economy." Today’s technology gives everyone the opportunity to be mini entrepreneurs-whether it’s driving for Uber, delivering groceries for Shipt, or renting out your home on Airbnb. And if Airbnb is your gig, then you’re in luck. Earlier this year, Fannie Mae launched a mortgage refinance pilot program for

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Airbnb hosts can now use income in refinance mortgage apps. being able to rent homes out as short-term rentals keeps homeowners from putting their home on the market.. and Fannie Mae to make.

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Airbnb Rentals Make Mortgage Refinancing Easier – Brite Homes Florida. before you decide to refinance it’s important to understand how the process works and to Learning the basics of home refinancing-and how it contributes to your goals-will help you decide which mortgage option makes the.

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Find adventures nearby or in faraway places and access unique homes, experiences, and places around the world. Vacation Rentals, Homes, Experiences & Places – Airbnb Unforgettable trips start with Airbnb.