HomeFinancial Glossary › House Hacking

House Hacking

Real Estate
Living in a multi-unit property while renting out other units, or renting rooms in your home to offset housing costs.

Example

Example: If you are buying a $400,000 home, understanding house hacking could save you thousands during the purchase and ownership process. This concept directly affects your monthly costs, equity building, or resale value. Run your numbers with our mortgage calculator.

Related Terms

← Back to Financial Glossary