{"id":5067,"date":"2018-03-20T08:00:33","date_gmt":"2018-03-20T12:00:33","guid":{"rendered":"https:\/\/fidelitylandtitle.com\/?p=5067"},"modified":"2018-03-19T15:04:37","modified_gmt":"2018-03-19T19:04:37","slug":"homeowners-are-now-using-airbnb-rental-income-to-refinance-their-mortgage","status":"publish","type":"post","link":"https:\/\/secure.titlecompanywebdesign.com\/fidelitylandtitle\/homeowners-are-now-using-airbnb-rental-income-to-refinance-their-mortgage\/","title":{"rendered":"Homeowners are now using Airbnb rental income to refinance their mortgage"},"content":{"rendered":"<p><a href=\"https:\/\/www.cnbc.com\/2018\/02\/22\/homeowners-are-using-airbnb-rental-income-to-refinance-mortgages.html\"><img loading=\"lazy\" src=\"https:\/\/secure.titlecompanywebdesign.com\/fidelitylandtitle\/wp-content\/uploads\/sites\/105\/2018\/03\/airbnb-1024x664.png\" alt=\"\" width=\"1024\" height=\"664\" class=\"alignnone size-large wp-image-5069\" srcset=\"https:\/\/secure.titlecompanywebdesign.com\/fidelitylandtitle\/wp-content\/uploads\/sites\/105\/2018\/03\/airbnb-1024x664.png 1024w, https:\/\/secure.titlecompanywebdesign.com\/fidelitylandtitle\/wp-content\/uploads\/sites\/105\/2018\/03\/airbnb-300x194.png 300w, https:\/\/secure.titlecompanywebdesign.com\/fidelitylandtitle\/wp-content\/uploads\/sites\/105\/2018\/03\/airbnb-768x498.png 768w, https:\/\/secure.titlecompanywebdesign.com\/fidelitylandtitle\/wp-content\/uploads\/sites\/105\/2018\/03\/airbnb-1080x700.png 1080w, https:\/\/secure.titlecompanywebdesign.com\/fidelitylandtitle\/wp-content\/uploads\/sites\/105\/2018\/03\/airbnb.png 1358w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/2018\/02\/22\/homeowners-are-using-airbnb-rental-income-to-refinance-mortgages.html\">From CNBC: Homeowners are using rental income earned through Airbnb to refinance their mortgages<\/a><\/p>\n<p>Did you know you can now use your rental income generated from Airbnb as a tool to help you refinance your home? Under a new pilot program developed by Fannie Mae, certain banks will now recognize sustained income generated by &#8220;home sharing&#8221; website Airbnb. Of course there are a couple rules:<\/p>\n<ul>\n<li>Borrower is required to have at least 12 months of documented earnings (which is already tracked by Airbnb)<\/li>\n<li>The home must be the borrowers principal residence<\/li>\n<li>The borrower must use one of three lenders: Better Mortgage, QuickenLoans or Citizens Bank (one would imagine if the pilot program is successful it will be opened up to all lenders.)<\/li>\n<\/ul>\n<p>From the CNBC article: &#8220;Because of the sharing economy, the way people use their homes has changed \u2026 and now finally the mortgage industry has caught up,&#8221; said Vishal Garg, CEO of Better Mortgage. &#8220;We are able to use that income in actually underwriting the value of your house, your ability to make a payment on that loan, and then qualify you for a lower rate.&#8221;<\/p>\n<p>Remember, at Fidelity Land Title Agency, we\u2019re always here to answer your questions. If you would like to discuss more feel free to reach out to me.<\/p>\n<p>\u2013 David Kennedy<\/p>\n<p><a href=\"https:\/\/www.facebook.com\/Fidelity-Land-Title-Agency-2111467599087291\/\">Like our Facebook page for updates and news!<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>From CNBC: Homeowners are using rental income earned through Airbnb to refinance their mortgages Did you know you can now use your rental income generated from Airbnb as a tool to help you refinance your home? Under a new pilot program developed by Fannie Mae, certain banks will now recognize sustained income generated by &#8220;home [&hellip;]<\/p>\n","protected":false},"author":77,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[32,37,34,35],"_links":{"self":[{"href":"https:\/\/secure.titlecompanywebdesign.com\/fidelitylandtitle\/wp-json\/wp\/v2\/posts\/5067"}],"collection":[{"href":"https:\/\/secure.titlecompanywebdesign.com\/fidelitylandtitle\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/secure.titlecompanywebdesign.com\/fidelitylandtitle\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/secure.titlecompanywebdesign.com\/fidelitylandtitle\/wp-json\/wp\/v2\/users\/77"}],"replies":[{"embeddable":true,"href":"https:\/\/secure.titlecompanywebdesign.com\/fidelitylandtitle\/wp-json\/wp\/v2\/comments?post=5067"}],"version-history":[{"count":15,"href":"https:\/\/secure.titlecompanywebdesign.com\/fidelitylandtitle\/wp-json\/wp\/v2\/posts\/5067\/revisions"}],"predecessor-version":[{"id":5086,"href":"https:\/\/secure.titlecompanywebdesign.com\/fidelitylandtitle\/wp-json\/wp\/v2\/posts\/5067\/revisions\/5086"}],"wp:attachment":[{"href":"https:\/\/secure.titlecompanywebdesign.com\/fidelitylandtitle\/wp-json\/wp\/v2\/media?parent=5067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/secure.titlecompanywebdesign.com\/fidelitylandtitle\/wp-json\/wp\/v2\/categories?post=5067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/secure.titlecompanywebdesign.com\/fidelitylandtitle\/wp-json\/wp\/v2\/tags?post=5067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}