I wasn’t sure where to ask this so here it goes.
Story Behind The Question: I would like to rent out my current house and move into a new house. I am wondering of the “financial logistics” of this move.
Question: If I want to rent out my current house, I would need to refinance because my home is not longer owner-occupied. Correct? Also, what type of insurance does a landlord need to have?
Story Behind The Question: I would like to rent out my current house and move into a new house. I am wondering of the “financial logistics” of this move.
Question: If I want to rent out my current house, I would need to refinance because my home is not longer owner-occupied. Correct? Also, what type of insurance does a landlord need to have?