Posted by Clint Wooley on August 21, 2003 at 22:08:36:
As a lender, I hope I can make you feel more comfortable with what you are doing. A lender is not going to look at this as closely as you might think. First of all, 99% of lenders are mostly concerned with being able to sell the loan in the secondary market. If it makes sense that you might want to move from one multi-family property you already own to another you wish to purchase, then they are going to be pretty content with it. (Perhaps the property you are purchasing is nicer, or in a more convenient neighborhood) As long as you are playing by the rules, they are going to be fine with it. They will make you sign a document stating you are going to occupy the property as a primary residence, though, and send your mail there too!