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All Forum Posts by: Gene Marcus

Gene Marcus has started 2 posts and replied 4 times.

General Landlording & Rental Properties

Post: Can I change to landlord policy before 12 months of occupancy ?

Gene MarcusPosted
  • Posts 4
  • Votes 0
Originally posted by @Sandy Gabin:

Hi Gene,

Did you buy the second as a first time home buyer or as a commercial property?

 As a second home with 12 month occupancy clause

0 Votes
General Landlording & Rental Properties

Post: In a predicament and looking for info

Gene MarcusPosted
  • Posts 4
  • Votes 0

My loan does say I need to occupy for 12 months. But my situation changed and I want to rent it out. I have learned that I should change my insurance to a landlord policy for protection, but I'm worried that will send a flag to my lender and open a whole can of worms.

0 Votes
General Landlording & Rental Properties

Post: Can I change to landlord policy before 12 months of occupancy ?

Gene MarcusPosted
  • Posts 4
  • Votes 0

Just bought a second home (4 months ago) and I want to rent it but my mortgage is not for an investment property. I'm worried that if I change my insurance to a landlord policy my lender will be notified.
Does any one know if I am at risk or not ?
Thanks in advance

0 Votes
General Landlording & Rental Properties

Post: In a predicament and looking for info

Gene MarcusPosted
  • Posts 4
  • Votes 0
Just bought a second home (4 months ago) and I want to rent it but my mortgage is not for an investment property. I'm worried that if I change my insurance to a landlord policy my lender will be notified. Does any one know if I am at risk or not ? Thanks in advance
0 Votes