Can I rent my home if I have an open equity loan and still make my payments or will I have to pay in full if I rent it out?
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Can I rent my home if I have an open equity loan and still make my payments or will I have to pay in full if I rent it out?
Asked on June 18, 2012 under Real Estate Law, Florida
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
I would double check and read the terms of the loan agreement but generally speaking, you should not be stopped from renting the house because of the loan. Just continue to pay the loan off under the agreed terms and you should be fine. Good luck.
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