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Updated almost 11 years ago,

User Stats

21
Posts
5
Votes
Peter Turner
  • Nashville, TN
5
Votes |
21
Posts

Will changing insurance type to rental create Issues with Lender?

Peter Turner
  • Nashville, TN
Posted

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.

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