Old-Biscuit wrote:
The loan institute will KNOW that you have changed addresses and are now FTng by the mail forwarding address.
ALL of them are KNOWN byy banks, savings/loans, investment and INSURANCE institutes.
Mail forwarding address recognition is NOT a secret
So you MAY run into issues when you go FT AFTER getting loan and the required insurance
And you will need FTrs insurance coverage when you do go FT vs just liability/comp/collision as loan requirement.
FTrs insurance is an auto policy combined with a Home owners type coverage policy.......as the RV will be your home
National Interstate was the FTrs insurance we used. Good coverage, great service, decent pricing and very easy to work with when you have a claim(s)
Thanks for the insurance heads-up! This is good stuff to know.
I guess I don't understand what "issues" I could run into going FT after getting the loan and insurance. Either the bank wants to make the loan for the sum asked for or they don't. What are they going to do? Try to repo my RV when I'm paid up for the month? Under what authority? "We don't like that he left his former address!" Not sure how it's any of your business, Mr. Banker!
