Will my current mortgage rate change if I move and use my current house as rental property? How much?
March 15th, 2010 | 
Author: A few years ago I moved 10 miles or so outside of town. Now, I want to move back but want to keep my current home as a rental property.
When I buy a new house, will the rate on my previous house change much because it is a rental property?
Posted in Rental Properties
Your lender has to live up to the contract. Your rate can’t change unless you refinance it as an investment.
NOPE.
matter of fact your insurance rates will go up. ur taxes may go up depending on local factors. u style of living will often go down.
your rate shouldn’t change but you cannot take the interest off on your taxes anymore for it is not your main residence
You will be a to deduct some of you interest on a rental if you lived in it for a certain amount of time that year. Not sure if you will be able to depreciate it for that year? Your insurance will go up. Your mortgage will stay the same.
If the bank looks and sees that you will be paying on two homes that maybe an issue for your new home loan, depending on your income and credit history.
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