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Updated over 5 years ago on . Most recent reply

Megan Brooks's profile image
Megan Brooks's profile image
Megan Brooks
  • Rental Property Investor
  • from Fort Lee, NJ
  • Member since May 15, 2019
  • Posts 82
  • Votes 22
  • Experience 10 Yrs
  • Investments 3

User Stats

82
Posts
22
Votes
Megan Brooks's profile image
Megan Brooks's profile image
Megan Brooks
  • Rental Property Investor
  • from Fort Lee, NJ
  • Member since May 15, 2019
  • Posts 82
  • Votes 22
  • Experience 10 Yrs
  • Investments 3
Megan Brooks
  • Rental Property Investor
  • Fort Lee, NJ
22
Votes |
82
Posts
General Real Estate Investing

Will zoning change my current mortgage?

Megan Brooks
  • Rental Property Investor
  • Fort Lee, NJ
Posted

Hi,

I purchased a 2 unit house that was CO'd 1 apartment and 1 commercial space. During the purchase we obtained a commercial mortgage. Now the building inspector is telling me he will give us a CO for 2 apartments (and remove the commercial space). Will this affect my commercial mortgage? Anyone have experience with this?

Thanks!

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