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Updated almost 11 years ago,
Will changing insurance type to rental create Issues with Lender?
First time trying to rent my primary residence and was wondering if the lender will find out when I change the insurance type from home owner's to Rental type.
If they do find out, will that create any realistic issues? I've owned this home for 10+ yrs and have a mortgage with major bank.
Also, how do I prevent the bank's statements to keep coming to the home? They do not allow online only statements and I mail forwarding can only be done for a year I think. I am afraid of calling the bank to tell them I need to have the mailing address changed to a different one since it will be pretty obvious I do not live in the home any longer. Thoughts?
Thanks in advance.