Changing from Primary Residence to Rental Property Mortgage Question (insurance, fixed rate, real estate)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I am researching what, if any, affect changing my house from primary residence to a rental property would have on my mortgage. Will it increase my rate or am I locked in (I have a fixed rate) no matter if I live there or not? Do I have to tell the mortgage company that I have even moved? JUst looking for some guidance. I know I need to change my insurance policy to a rental dwelling, but I'm not sure what other changes I will need. I'm having trouble finding the answers. Thanks!
no one can change the terms of the mortgage without your consent.
If your mortgage was only a few months old, the lender could cry foul.
Go forth and prosper in real estate.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
