re: Is it possible to refinance a mortage for current home to make it a rental

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Teddy Ruxpin

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I think he is worried about the technical ability for the mortgage holder to call the mortgage due in full for not being owner occupied

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It's definitely a concern. You sign a litany of disclosures that affirm and attest that you as the owner will occupy the subject property as your primary residence.

They lend the money to you with an interest rate which an expression of your risk as a mortgagor. That risk would increase if you were not occupying the property, which means it would cost you more to get the same amount of money (if not less).

Gotta be careful with not refinancing. The print isn't all that fine about owner occupied attestations, either. It's pretty black and white, front and center.