When a primary residence ceases to be primary

No you are not required to refinance it. You will probably have to get a new renters insurance policy. If you decide to refiance it and it is rented out then they will look at it as an investment loan.

Good Question, You do not have to refinance. However, if and when you go to buy a new home you will need to prove that the home is being rented and that you no longer live in the home. If you still have mortgage then you will have to qualify for a mortgage with both payments in your Debt Ratio(which can be difficult to do). Otherwise, no need to refinance... Just an FYI, in order to take the mortgage payment out of your monthly Debt to income ratio then you will need to have a 12 month history of rental in most cases.Hope that Helps!-Chris LockardSr. Mortgage BankerLeaderOne Financial Corporation

You do not need to refinance your existing loan. Leave it as is and just apply for the new loan as a primary residence.

You don't have to refinance, however if the rates are much better then what your current rate is, then it might make sense to refinance while it is still your primary residence... if you have to move in the future, at that point your primary becomes a rental. (depending on the type of loan, FHA, VA, Conventional, USDA, there are specific waiting periods the home has to remain as your primary residence)... if you have already moved, then it's moot...

Great question! And, already answered. However, for everyone's clarification: If you had just done a refinance in the last few months and then rented the property...then moved and tried to get a new primary occupied mortgage all kinds of alarms would go off. Timing is the issue. In your situation, lenders to understand that needs, goals and desires change over time. In my example, it would appear to be mortgage fraud and it could trigger the "due on sale" clause on the primary residence AND a new lender MAY require to buy as an investment property on your new primary home.Not meant to scare you at all. You are going to be fine. However, there is so much confusion about the occupancy of a home that I thought your question provided a great foundation for further clarification. Thank you for asking it.