owner occupied financing - Posted by Jason Sacramento

Posted by Ed Garcia on January 25, 2001 at 20:06:38:

Jason,

I’d say at least 6 months, preferably a year. Jason, I the lenders take notice to you changing address on you credit application, they think that your trying to say that your owner occupied to purchase the property, when you don’t and live else where. Usually the tell tail sign is the address on your income tax return and drivers licence.

Ed Garcia

owner occupied financing - Posted by Jason Sacramento

Posted by Jason Sacramento on January 25, 2001 at 17:11:12:

How long must I live in duplex if financed as owner occupied? What are the possible implications if I immediately rent both units without ever living in one?
Please help.