I am potentially moving out of my current home which has a legal basement suite. If I move out, am I supposed to report this to the bank? Also, will my insurance premium be increased on my mortgage? I know this is a question for the lender, which I will ask, but I wanted to get some of your opinions first. Thanks!
Moving out of an owner-occupied house
- Thread starter Tootse
- Start date
- Joined
- Aug 29, 2007
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- 2,042
Report change to the bank and insurance company.