If You Pay Rent You Must Do This…

If you are currently renting, and you think you might want to purchase a house in the future you need to make sure of one thing…When you apply for a mortgage (especially fha) they will want you to be able to prove you paid the rent.

If you rent from an apartment complex it’s a bit easier to do. We can just get them to fill out a verification of rent form.

However, if you rent from an individual – you must PROVE you paid the rent.

That means we will want to see cancelled rent checks. …If you pay your rent with cash – DON’T!

Start writing checks for rent!

If you pay with money orders then put your paycheck in a bank account, then every month draw out the money for the money order – and keep the money order receipts!

…but the best is to write checks for rent!

Thanks for reading, and have a great day!

Brett

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Brett Sampson