Asked by Mike, Gilbert, AZ • Fri Sep 26, 2008
I bought a home in Feb 08, but now I am moving because my wife will be switching her career and attending school elsewhere. We would like to rent the house, but in my loan, it states I must live in the house for 1 year before I rent it - unless of extenuating circumstances. But that's 4 months away, and selling it in this current market does not look like a good option. Will they try to raise my interest rate, even if they accept my wife's school change as an extenuating circumstance? Any thoughts or advice?
Thank you in advance,
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