Can you rent your primary residence if you have a mortgage on it?

Answer by  Mary (2095)

You may need a business license and other requirements for the rental property but the mortgage does not prevent renting the property. The interest on the mortgage then becomes a business expense and is deductible as such. The home devalue is also deductible over time.

Answer by  starke (57)

Yes you can rent your primary residence if you have a mortgage on it, but you have to make sure you have all of the details on paper and have the renters sign them.

Answer by  technogeek (6640)

Provided you have somewhere to live, yes, you can rent a home that has a mortgage. Use the rent to pay the mortgage.