Mortgage sold to another company
I just refinanced my primary residence 2 months ago and my new lender has already sold my mortgage to another company. If I would like to rent out my residence and buy another house to live in, would I likely be able to at this time since I'm no longer with that company? I'm going to reach out to the new company, but just curious if it's even worth pursuing. Thank you!
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Most of my mortgage have been sold within a month or two of writing them. This is very common and has no effect on your mortgage contract or terms. It just affects who you send your payment to. Most likely when you refinanced, you signed paperwork stating you would owner occupy for a period of time. Probably a year or at least six months. Your original contract applies, so look at what you signed.