Renting a home and credit reports advice - The Bills.com Blog

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Renting a home and credit reports advice

Question: How can I rent my house out without it showing as a debt when I buy my 2nd home?

Answer: I am not sure if I understand your question correctly. If you are referring to renting a house for which you have a mortgage that you owe, then the mortgage will definitely show up as debt that you owe on your credit report. Once you finish paying yourmortgage, the account history will still remain on your credit profile for 7 years. All items remain on your credit report for up to 7 years. A bankruptcy may remain on your credit report for up to 10 years.

If you are looking for new mortgage

offers to buy your second home, Bills.com makes it easy for you to get quotes from different lenders to compare. You can apply at https://www.bills.com/homeloan/purchase/.

If you enter your contact information, you can get quotes from as many as four different lenders.

I hope the information provided helps you Find. Learn. Save!

Best,
Bill
www.bills.com

Also, make sure to get a free financial health check-up with Bills IQ!

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Bill has answered all sorts of questions and has been able to provide those in need of financial guidance with helpful and valuable advice and information on their specific financial area of interest. If you need specific guidance on any of the above mentioned financial areas, feel free to Ask Bill your financial questions and get better informed. Also, make sure to get a free financial health check-up with Bills IQ!

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