I just locked a rate on my home. However, I’m looking at buying another house and renting this out in the next few months. My understanding is that I have to live in my current home for 6-months. I have nit confirmed with Wells Fargo. How do I approach this without impacting my current rate.

Posting as :
works at
You are currently posting as works at

You read your closing documents to find out. Should clearly say if there is an occupancy period, and if so, for how long. It's usually 6-12 months. Be aware that if you closed on a primary residence with the intend of renting it out, that is mortgage fraud. If you have a valid reason, you can probably work something out with WF. My understanding is that if you move forward with a primary loan on another property, everything might be fine leading up to the closing, but when they go to finalize the mortgage loan, they will see that you closed on a primary loan within 12 months and that raises red flags.



Additional Posts

Any recent c-section mamas get their Covid vaccine? I’d like to get it now that I’m feeling good 1 week post-op (no longer on painkillers) but wondering how the soreness/fatigue affected you after a recent surgery.


What is the yearly compensation hike in FSO? Like Senior 1 to Senior 2 or S2 to S3?


Can you help me evaluate this? It's for an L61 role at Microsoft. I'm currently L5 at Amazon. Offered: $27 ipa base, 5% joining bonus, $120k stocks with 4 years to vest. The recruiter says this is the final offer.


I can highly recommend this webinar: https://zoom.us/webinar/register/WN_sRhAN0MnSqmblDTCJKHNiQ Heart Disease is the number one killer in the US. Learn how to help yourself.

Post Photo

Any insight on how to source land an industry job besides applying directly online? Should I engage a recruiter? I’m only getting inquiries on LinkedIn regarding consulting positions with other professional services firms.


What do all these protestors do for a living? I don’t know anyone in my friend group who can afford to take off time from work or risk getting COVID-19


Do you feel your back pain is getting worse after WFH


Now that the CDC says no masks needed indoors if vaccinated, is anybody concerned what that means for kids under 12? I’m assuming that the honor system isn’t entirely going to work (I.e., some unvaccinated people will go maskless). I don’t want my 5 and 7 year olds around unvaccinated unmasked strangers, but it’s also a bummer to stop taking them places. Not that I was taking them that many places, but the occasional grocery store, shoe store, etc. seems riskier now.


Had a pay cut unfortunately for the rest of the year...no layoffs yet. Which other agencies are cutting pay?


Hello 🐟 What will be In hand salary for 10 LPA fixed in Ey gds?


Going to have a kid towards the end of the year and thinking of saving for the child. What are the drawbacks in opening a 529? Are there other investment vehicles that I should consider for my kid?


Has anyone moved from Project management to account? Good/bad?


I've recently discovered I enjoy trend research and providing a client a perspective of what markets/trends to chase and plan for the next 1-3-5 years. I enjoy it FAR more than creative briefs or comms planning. What job title am I looking for? Does it live in agencies?


Is it viewed as “not good” to go back to my alma mater for MBA? It’s a top 40 business school and got me into B4 consulting easily. School has strong recruiting presence in the region I want and I have a full ride for their FT program. Appreciate any thoughts!


With so much coverage of teachers strikes, I feel like now is the time to join my union. Please share your experience or your perspective with joining your union.


I am the partner leading our local office lgbt group. What should I be doing to engage more with our people during this time? Zoom once a month only goes so far I think but I have run out of other ideas.


Also wondering what curriculum is being used, if any, in your classrooms

On plane #3, mechanical issues with the first 2. Leaving nearly 3 hours late. Do I complain and get points. It is SW.


Not a CFP so I’m not truly in the know. That said, if I’m reading this article right, 10/2019 to maintain your CFP, you will have to drop your 7 license if you are dually registered?


New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here


Embed this post

Copy and paste embed code on your site


Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.