Will my current mortgage rate fine-tuning if I move and use my current house as rental property? How much?

A few years ago I moved 10 miles or so outside of town. Now, I want to move back but want to keep my current home as a rental property.
When I buy a foreign house, will the rate on my previous house change much because it is a rental property?
Answers:
Hi,
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NOPE.
matter of fact your insurance rates will be in motion up. ur taxes may go up depending on local factors. u style of living will commonly go down. Source(s): biz owner , ex landlord
You will be a to deduct some of you interest on a rental if you lived surrounded by it for a certain amount of time that year. Not sure if you will be able to depreciate it for that year? Your insurance will jump up. Your mortgage will stay the same.

If the bank looks and see that you will be paying on two homes that maybe an issue for your new home loan, depending on your income and credit history.
your rate shouldn't change but you cannot take the interest sour on your taxes anymore for it is not your main residence
Your lender has to live up to the contract. Your rate can't metamorphose unless you refinance it as an investment. Source(s): https://www.quickenloans.com/mortgage/ho…

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