Whether you’re buying for the first time, moving up or refinancing, the loan specialists at Presidential Mortgage are committed to your complete satisfaction. Our experienced staff is located in your community, knows the neighborhoods and is supported by Presidential Bank, FSB. Our competitive loan programs and personalized service will create opportunities, earn your trust and lead to your home buying success.
Investment Real Estate >Renting Your Home
Homeowners who don't need the equity from their home to purchase a new home may consider renting it instead of selling. Rental property is almost always a good investment, but you should understand the consequences of becoming a landlord.
Tenants may not share your pride of ownership and, therefore, may not maintain the property like you would. If you plan to rent your property, acquaint yourself with state or local landlord/tenant laws, including those dealing with rent control and eviction procedures. If the home you rent has been your primary residence, you could lose the benefits of a capital gains deferral when you sell it later. Get professional advice from a tax expert and a professional real estate agent before you decide to turn your home into rental property.
How did actress Jayne Mansfield decorate her Hollywood "Pink Palace" without buying any furniture?
She wrote to furniture suppliers asking for free samples, telling them they could brag that their furniture was in her outrageous mansion. She received over $150,000 worth of free merchandise.
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Terese Brittingham and Thomas McCouch Sales Team
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