If you are a renter how do you pay your rent?
Would you like to purchase a home someday?
If so, please keep this in mind… How you pay your rent is IMPORTANT!
When you apply for a mortgage the underwriter will most likely 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 need 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!
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
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