Saturday 4 June 2011

How can one change their residency status on their fixed mortgage loan-Exp:from primary to investment property?

FHA loan 30yr fixed mortgage.|||Read your mortgage papers. Doing that may nullify your loan. Mortgages for primary residences are different then investment property.|||DON%26quot;t do it.


You needed to be living there within 30 days of closing and intended to make it your residence. Later on you can change property to investment, to rental income, but you don%26#039;t do anything about it on your loan. Why would you?