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impact on mortagage rate from residence to investment house
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impact on mortagage rate from residence to investment house# Living
r*c
1
When changing the primary residence to rental, what happens to existing
mortgage loan and its rate? Will the lender force me to refi it with a
higher rate or just bump up the rate without long refi process?
I have a refinance 4.25% 15 yr on my primary on August 2011, which I am
starting to rent it out from this month. I am calling insurance company to
notify the change of occupancy status. Do I have to call lender to notify
the change of occupancy status?
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f*i
2
nothing, no, and no.

【在 r*c 的大作中提到】
: When changing the primary residence to rental, what happens to existing
: mortgage loan and its rate? Will the lender force me to refi it with a
: higher rate or just bump up the rate without long refi process?
: I have a refinance 4.25% 15 yr on my primary on August 2011, which I am
: starting to rent it out from this month. I am calling insurance company to
: notify the change of occupancy status. Do I have to call lender to notify
: the change of occupancy status?

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b*2
3
您最好看一下您的NOTE, refinance之后一年之内是不能把房子变成出租的, 所以最好
在签rental agreement的时候注意一下日期.
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r*c
4
thank you very much. will check the refinance NOTE tonight.
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k*o
5
一年最保险,6-7month 有一点风险.
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