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General Landlording & Rental Properties

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Allen Lopez
  • Rental Property Investor
  • Baton Rouge, LA
13
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149
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Is this mortgage fraud???

Allen Lopez
  • Rental Property Investor
  • Baton Rouge, LA
Posted Jun 7 2019, 20:13

Ok so I know what you are thinking.....”this guy is about to get arrested” lol

Well no. So I am buying a property as my primary residence. I am getting a mortgage and I did state to the lender that I intend to live there.

I will live there. But it's a 3/2 SFH. To be honest it's a lot bigger than I need. I was thinking of renting out the the other two rooms to coworkers. Is this mortgage fraud?

I wouldn’t think so because I will still live there. But I wanted to check in before things move too far.

Thanks in advance BP

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