This video discusses a situation where the narrator and their partner initially planned to buy a new house as their primary residence but later considered renting it out temporarily. However, they were informed by a loan officer that doing so could be considered mortgage fraud, potentially resulting in financial consequences due to different interest rates for owner-occupied and investment properties. They decided to retain their old house but may consider selling it in the future. The video also mentions plans for a farewell party at the old house and reflects on the memorable experiences they had there.
1. The speaker spent several hundred thousand dollars on a house but was almost convinced to rent it out, which could have led to fraud charges if discovered .
2. The speaker worked as a loan officer in 2008 for a few months, learning a lot about mortgages .
3. The speaker initially intended to use the house as a primary residence, but later decided to rent it out .
4. The speaker was advised by a lender that renting out the property could be seen as fraudulent, as it implies a higher risk for the lender .
5. The speaker decided to move into a new house and is currently settling in .
6. The speaker is planning to unpack boxes and organize the new house .
7. The speaker has considered selling the old house and is open to the idea .
8. The speaker has invited friends to help with the unpacking process and has plans to publish content about the new house .
9. The speaker has been stuck with editing blogs but hopes to get them out soon .
10. The speaker has expressed gratitude to the audience for their patience and support .