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Updated over 6 years ago on . Most recent reply

Vladimir K.'s profile image
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Vladimir K.
  • from Cambridge, Massachusetts
  • Member since Jul 19, 2017
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Vladimir K.'s profile image
Vladimir K.'s profile image
Vladimir K.
  • from Cambridge, Massachusetts
  • Member since Jul 19, 2017
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Vladimir K.
  • Cambridge, MA
2
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9
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General Landlording & Rental Properties

Renting out my primary residence home

Vladimir K.
  • Cambridge, MA
Posted

We just bought a single family house with an intention to move in, but our situation changed (kids daycare related) and now we want to rent out for a year and then move in. Has anybody been in this situation? Did you notify the lender? If I don't notify the lender but switch my insurance from home ins to dwelling fire ins, will the ins company notify the bank and will the bank do anything about it?

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Vladimir K.'s profile image
Vladimir K.'s profile image
Vladimir K.
  • from Cambridge, Massachusetts
  • Member since Jul 19, 2017
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Vladimir K.'s profile image
Vladimir K.'s profile image
Vladimir K.
  • from Cambridge, Massachusetts
  • Member since Jul 19, 2017
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Vladimir K.
  • Cambridge, MA
2
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Vladimir K.
  • Cambridge, MA
Replied

@Ricardo Cristobal Thanks again. Just to clarify, I payed more than 30% down, so no taking advantage here really, well, maybe the lower interest rate. 

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