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Real Estate
Reply to "no-renting clause on mortgage?"
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[quote=Anonymous]Getting a loan on a rental property is totally different. They need to look at your experience as a landlord, and get an assessment of the rental market monthly rate. So since you're not taking a mortgage for that purpose, they're not allowing it in there. In reality, if it's a few years later and you just rent out your place, no one will notice and you'll be fine as long as you pay your mortgage on time. I do this with a condo in DC that I moved out of when I got married.[/quote]
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