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Is it harder to get a home insured if you have moved out and are now renting the property and can the mortgage company object to doing this and can they forbid renting it out?
Wiki User
∙ 14y ago
No. Be sure you only insure the dwelling and not the contents inside. You should ask your tenants to have renters insurance to cover their personal belongings. Your mortgage company will require that you have adequate coverage but is not concerned with personal belongings inside the home. As far as I know, the mortgage company has no say in who lives in the home.
Wiki User
∙ 14y ago
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What is the difference between renting a property and having a mortgage?
The difference between renting a property and having a mortgage is that when you have a mortgage you are buying the property.
Do you need to tell your mortgage company if you rent your house?
No, you do not. The deed has a due on sale clause, but no stipulation for renting your home.
Do you have to pay rent when the landlord didn't tell the mortgage company he was renting?
Yes. The relationship between the landlord and bank has nothing to do with the tenant.
I want to find the existing mortgage on a property I am renting and the realtor won't give me an answer. What can I do?
You can visit the land records office in your jurisdiction and the staff will assist you in finding any mortgages or liens that affect the property.
Can you get a home equity loan on your rental property?
If you are renting the property from someone else and do not own it, no, because a home equity loan is like a mortgage. The lender has a lien on the property if you default on the loan. If you are the owner of a property and rent it out, yes you should be able to get a loan with the property as security.
The house you were renting is going to a forclosure because the owner did not pay the mo rtgage company?
a mortgage is a secured loan - that means if the owner cannot or will not make his mortgage payments, the mortgage company can seize the house. if the mortgage company seizes the house, any leases are voided meaning tenants are not protected and are pretty much at the mortgage company's mercy. generally speaking, they still have to be provided adequate notice (30 days or 60 days is the usual amount depending on jurisdiction).
What was the company that Ebenezer Scrooge worked at?
Initially Fezziwig's Trading company and then he and Marley started their won business trading, lending money and renting property
If you are renting your home and living with your boyfriend at his home why won't your insurance company cover your home?
It is possible that you have to be occupying the house to be covered by insurance. They see it as unprotected by the owner and anything could happen to it. I cant possibly be the first person to try and insure a property Im not occupying. Homeowners insurance covers your home, and a house you are renting to someone else is not your home. It can be insured, but you need a different policy.
When someone buys a house to let others rent what is a good mortgage company to use?
If you are looking for a mortgage on a home you will be renting out to others you have several choices. You should check different mortgage companies to see who can give you the lowest interest rate and best price.
What one disadvantage of owning a home compared to renting a place to live?
Monthly mortgage is more expensive than renting
What services does Buy To Let provide?
Buy To Let offers services in allowing people to purchase mortgages. A buy to let mortgage is usually found in property that is purchased for the purpose of renting it out.
What is the definition of landlord?
A property owner who is renting the property out to people to live in.
