Quote:
Originally Posted by Shadow8IA
Citizens First told us that we couldn’t rent our home. If after a few years we did we would have to notify them. At that time our interest rate would probably increase. We were told that someone got a mortgage & told them it wasn’t going to be a rental & immediately rented it out & their loan was canceled.
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Correct, if you use the home for a rental than you are charged the commercial loan rate.