Question about turning primary residence to investment property

[Nithin George]

Hi All,

I am new to BiggerPockets and a newbie looking to investing into real estate. So here is my situation, I bought my primary residence house in the beginning of 2021. It's almost 2600 sq foot and I am currently single and mostly Work From Home, I think the house is too big for me right now. I am considering renting the house out, will I need to ask my mortgage company to allow me to do this? Any thoughts or suggestions would be really helpful

Thanks

[Tim Johnson]

@Nithin George You'll probably want to leave your mortgage as it is - since at the beginning of 2021 when you purchased the home you most likely got a decent interest rate. And if you refinance for any reason, the interest rates are usually higher for investment properties.However, you WILL want to contact your insurance company and make sure that you change your policy from a primary home policy to a rental home policy.