Quote:
Originally Posted by Hilch
Is it ING or CHMC with the clause for not renting it out?
|
It is from ING.
Quote:
F. OTHER CONDITIONS:
(...)
9. For the duration of the mortgage term, the property must be occupied by the owner (or one of the
owners, if applicable). To facilitate the address change, we will automatically update the residential and
mailing address on the closing date for all the applicants on this mortgage application. If either one of the
applicants does not want their address changed, please call your Fulfillment Analyst.
|
Again, I haven't looked into this too much yet, I just remember coming across this when I bought my condo, but didn't think it'd ever be an issue at the time.
We're only in the "thinking about it" stage at this point, but I am either going to move into my fiancee's home or she is going to move in to mine; we want to rent the unoccupied one.