Updated over 4 years ago on . Most recent reply
How long do you have to live in Primary residence before renting?
I want to rent my home in about 2-3 months, move 30 miles closer to family.
I will be keeping part of the home for my personal belongings. garage and RV storage. ( I started another thread about building adu so I could be there part time in the future)
I currently have a primary residence loan funded by fannie mae.
I refi in Nov 2020. I have lived in the home 4 years. I am in the middle of a home equity loan, but need to know if there are any reprocussions. I don't want to be accused of mortgage fraud.
Should I stop the home equity loan, or at least let them know the situation? Lender is US Bank so I am dealing with a lot of robots there that don't really have answers. .