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Real Estate
Reply to "no-renting clause on mortgage?"
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[quote=Anonymous]When you apply for a mortgage, one of the questions asked is if this will be a primary residence. That's because the risks are greater for investment properties, so the mortgage rates are going to be higher. If you end up renting it out several years later, your mortgage company probably isn't going to follow up--however, your insurance rates may increase as a rental property.[/quote]
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